MQM 227 Test 3 Questions and Answers 100% Correct
Efficient —Answer: In Hau Lee's uncertainty framework to classify supply chains, a supply
chain for functional products with a stable supply process is called which of the following?
Agile —Answer: In Hau Lee's uncertainty framework to classify supply chains, a supply chain
for innovative products with an evolving supply process is called which of the following?
Responsive —Answer: In Hau Lee's uncertainty framework to classify supply chains, a supply
chain for innovative products with a stable supply process is called which of the following?
Bullwhip Effect —Answer: The effect of the lack of synchronization among supply chain
members is referred to as which of the following
Improve effectiveness by focusing on what the firm does best. —Answer: Which of the
following is an organizationally driven reason for outsourcing?
Shorten cycle time —Answer: Which of the following is an improvement-driven reason for
outsourcing?
Innovative products —Answer: Which of the following of Fisher's product categories includes
fashionable clothing, personal computers, and other products that typically have a very brief
life cycle?
Taxes —Answer: Ownership costs are incurred after the initial purchase and are associated
with the ongoing use of the product or material. Which of the following is not an ownership
cost listed in the text?
Supply chain costs —Answer: Ownership costs include which of the following costs?
Work in process —Answer: Which of the following is one of the categories of manufacturing
inventory?
redundant ordering systems —Answer: When material is ordered from a vendor, which of the
following is not a reason for delays in the order arriving on time?
breakage —Answer: Which of the following is usually included as an inventory holding cost?
Economic order quantity model —Answer: Which of the following is a fixed-order-quantity
inventory model?
Fixed order quantity —Answer: Which of the following is a perpetual system for inventory
management?
Returns to scale of holding inventory are diminishing. —Answer: Which of the following is not
an assumption of the basic fixed-order-quantity inventory model?
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Efficient —Answer: In Hau Lee's uncertainty framework to classify supply chains, a supply
chain for functional products with a stable supply process is called which of the following?
Agile —Answer: In Hau Lee's uncertainty framework to classify supply chains, a supply chain
for innovative products with an evolving supply process is called which of the following?
Responsive —Answer: In Hau Lee's uncertainty framework to classify supply chains, a supply
chain for innovative products with a stable supply process is called which of the following?
Bullwhip Effect —Answer: The effect of the lack of synchronization among supply chain
members is referred to as which of the following
Improve effectiveness by focusing on what the firm does best. —Answer: Which of the
following is an organizationally driven reason for outsourcing?
Shorten cycle time —Answer: Which of the following is an improvement-driven reason for
outsourcing?
Innovative products —Answer: Which of the following of Fisher's product categories includes
fashionable clothing, personal computers, and other products that typically have a very brief
life cycle?
Taxes —Answer: Ownership costs are incurred after the initial purchase and are associated
with the ongoing use of the product or material. Which of the following is not an ownership
cost listed in the text?
Supply chain costs —Answer: Ownership costs include which of the following costs?
Work in process —Answer: Which of the following is one of the categories of manufacturing
inventory?
redundant ordering systems —Answer: When material is ordered from a vendor, which of the
following is not a reason for delays in the order arriving on time?
breakage —Answer: Which of the following is usually included as an inventory holding cost?
Economic order quantity model —Answer: Which of the following is a fixed-order-quantity
inventory model?
Fixed order quantity —Answer: Which of the following is a perpetual system for inventory
management?
Returns to scale of holding inventory are diminishing. —Answer: Which of the following is not
an assumption of the basic fixed-order-quantity inventory model?
© 2025 All rights reserved
