TEST BANK FOR PRINCIPLES OF SUPPLY CHAIN MANAGEMENT: A BALANCED APPROACH 3RD EDITION (EXAM QUESTIONS WITH CORRECT ANSWERS) RATED A+

TEST BANK FOR PRINCIPLES OF SUPPLY CHAIN
MANAGEMENT A BALANCED APPROACH 3RD EDITION
(EXAM QUESTIONS WITH CORRECT ANSWERS) RATED
A+

, TEST BANK FOR PRINCIPLES OF SUPPLY CHAIN
MANAGEMENT A BALANCED APPROACH 3RD EDITION
(EXAM QUESTIONS WITH CORRECT ANSWERS) RATED
A+



Chapter 1—Introduction to Supply Chain Management


TRUE/FALSE

1. According to the textbook, the keys to successful supply chain
management include trust, cooperation, collaboration and honest, accurate communications between
supply chain partners.

ANS: T PTS: 1
BUSPROG: Analytic LO: 1-1 Bloom’s: Knowledge Difficulty: Easy

2. Supply chain management is concerned about how suppliers’ products
are designed, produced, and transported.

ANS: T PTS: 1
BUSPROG: Analytic LO: 1-1 Bloom’s: Knowledge Difficulty: Easy

3. One definition of supply chain management is "Coordination and
collaboration with channel partners, which can be suppliers, intermediaries, third-party service
providers, and customers."

ANS: T PTS: 1
BUSPROG: Analytic LO: 1-1 Bloom’s: Knowledge Difficulty: Easy

4. The universally accepted definition of supply chain management is "the
management and integration of the parties involved in producing the end items coveted by
consumers."

ANS: F PTS: 1
BUSPROG: Analytic LO: 1-1 Bloom’s: Comprehension Difficulty: Easy

5. The assembly or production of finished products, producing the right
amount of product, and ensuring that finished products meet specific quality, cost, and customer
service requirements can all be considered elements of operations.

ANS: T PTS: 1
BUSPROG: Analytic LO: 1-2 Bloom’s: Comprehension Difficulty: Easy

6. According to the textbook, supply chains include raw material suppliers,
intermediate component manufacturers, end-product manufacturers, wholesale distributors, retailers
and end-product consumers.

, TEST BANK FOR PRINCIPLES OF SUPPLY CHAIN
MANAGEMENT A BALANCED APPROACH 3RD EDITION
(EXAM QUESTIONS WITH CORRECT ANSWERS) RATED
A+

ANS: T PTS: 1
BUSPROG: Analytic LO: 1-2 Bloom’s: Knowledge Difficulty: Easy

7. Trucking companies, airfreight shipping companies, and information
system providers can all be considered service providers to the supply chain.

ANS: T PTS: 1
BUSPROG: Analytic LO: 1-2 Bloom’s: Knowledge Difficulty: Easy

, TEST BANK FOR PRINCIPLES OF SUPPLY CHAIN
MANAGEMENT A BALANCED APPROACH 3RD EDITION
(EXAM QUESTIONS WITH CORRECT ANSWERS) RATED
A+

8. According to the textbook, a supply chain's end customers are the only
true source of income for all supply chain organizations.

ANS: T PTS: 1
BUSPROG: Analytic LO: 1-2 Bloom’s: Knowledge Difficulty: Easy


9. The foundation elements of supply chain management are Supply.
Operations, Customer Service, Logistics.


ANS: F PTS: 1
BUSPROG: Analytic LO: 1-2 Bloom’s: Comprehension Difficulty: Easy

10. Supply chain management activity includes managing the various
compensation and benefit programs within an organization.

ANS: F PTS: 1
BUSPROG: Analytic LO: 1-3 Bloom’s: Comprehension Difficulty: Easy

11. Highly valued customers with large purchasing budgets who achieve
moderate supply chain management success have been known to lower purchasing and inventory
carrying costs, and create better quality products with higher levels of customer service.

ANS: T PTS: 1
BUSPROG: Analytic LO: 1-3 Bloom’s: Knowledge Difficulty: Easy

12. Many large firms are moving to in-house vertically integrated structures
where they have more control over each business unit.

ANS: F PTS: 1
BUSPROG: Analytic LO: 1-4 Bloom’s: Comprehension Difficulty: Easy

13. Supply chain analytics can be used along the supply chain to schedule
production according to expected supplier deliveries
ANS: T PTS: 1
BUSPROG: Analytic LO: 1-4 Bloom’s: Analysis Difficulty: Easy

14. According to the textbook, in the 1950's and 1960's, mass production
techniques focused on creating supplier partnerships, improving process design and flexibility, and
improving product quality.

ANS: F PTS: 1
BUSPROG: Analytic LO: 1-4 Bloom’s: Knowledge Difficulty: Easy

15. According to the textbook, third-party logistics providers (3LPs) do not