MKTG 372 Exam 1 Questions With Correct
Answers
1) Each stage in a supply chain is connected through the flow of
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products, information, and funds. These flows often occur in both
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directions and are usually managed by
| | | | |
A) pricing department.
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B) one of the stages.
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C) upper management.
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D) engineering department. - CORRECT ANSWER✔✔-B) one of the
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stages.
2) A supply chain features a constant flow of
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A) information, product and funds.
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B) personnel, information, and policies.
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C) processes, funds, and product.
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D) product, processes, and support. - CORRECT ANSWER✔✔-A)
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Information, product and funds. | | |
,3) Which set of supply chain flows is correctly described?
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A) Funds flow only upstream but information flows both upstream and
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downstream in a supply chain. | | | |
B) Product flows only downstream and information flows only upstream
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in a supply chain.
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C) Information and product both flow upstream and downstream in a
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supply chain. |
D) Funds flow both upstream and downstream but product flows only
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downstream in a supply chain. - CORRECT ANSWER✔✔-C) Information
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and product both flow upstream and downstream in a supply chain.
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4) Which statement about supply chains is best?
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A) New product development is not a
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supply chain function. | |
B) If a supplier uses a shipping company to send product to a customer,
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the shipping company is technically not a supply chain member.
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C) Funds in a supply chain flow upstream only.
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D) Flows in a supply chain may be managed by an intermediary. -
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CORRECT ANSWER✔✔-D) Flows in a supply chain may be managed by
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an intermediary.
|
, 5) Which sequence of stages is typical for product flow in a supply
| | | | | | | | | | | | |
chain?
A) Supplier → Manufacturer → Distributor
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B) Retailer → Distributor → Customer
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C) Manufacturer → Retailer → Distributor
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D) Supplier → Customer → Retailer - CORRECT ANSWER✔✔-A) Supplier
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→ Manufacturer → Distributor
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6) Supply chain surplus involves what two parts?
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A) Manufacturing cost and selling price
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B) Customer value and supply chain cost
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C) Customer value and high quality products
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D) Reliable transportation and supply chain cost - CORRECT
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ANSWER✔✔-B) Customer value and supply chain cost
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7) For any supply chain, the source of revenue is generated by
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A) efficient operations.
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B) information flows.
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Answers
1) Each stage in a supply chain is connected through the flow of
| | | | | | | | | | | | |
products, information, and funds. These flows often occur in both
| | | | | | | | | |
directions and are usually managed by
| | | | |
A) pricing department.
| |
B) one of the stages.
| | | |
C) upper management.
| |
D) engineering department. - CORRECT ANSWER✔✔-B) one of the
| | | | | | | | |
stages.
2) A supply chain features a constant flow of
| | | | | | | |
A) information, product and funds.
| | | |
B) personnel, information, and policies.
| | | |
C) processes, funds, and product.
| | | |
D) product, processes, and support. - CORRECT ANSWER✔✔-A)
| | | | | | | |
Information, product and funds. | | |
,3) Which set of supply chain flows is correctly described?
| | | | | | | | |
A) Funds flow only upstream but information flows both upstream and
| | | | | | | | | | |
downstream in a supply chain. | | | |
B) Product flows only downstream and information flows only upstream
| | | | | | | | |
in a supply chain.
| | | |
C) Information and product both flow upstream and downstream in a
| | | | | | | | | | |
supply chain. |
D) Funds flow both upstream and downstream but product flows only
| | | | | | | | | | |
downstream in a supply chain. - CORRECT ANSWER✔✔-C) Information
| | | | | | | | |
and product both flow upstream and downstream in a supply chain.
| | | | | | | | | |
4) Which statement about supply chains is best?
| | | | | | |
A) New product development is not a
| | | | | | |
supply chain function. | |
B) If a supplier uses a shipping company to send product to a customer,
| | | | | | | | | | | | | |
the shipping company is technically not a supply chain member.
| | | | | | | | |
C) Funds in a supply chain flow upstream only.
| | | | | | | |
D) Flows in a supply chain may be managed by an intermediary. -
| | | | | | | | | | | | |
CORRECT ANSWER✔✔-D) Flows in a supply chain may be managed by
| | | | | | | | | | |
an intermediary.
|
, 5) Which sequence of stages is typical for product flow in a supply
| | | | | | | | | | | | |
chain?
A) Supplier → Manufacturer → Distributor
| | | | |
B) Retailer → Distributor → Customer
| | | | |
C) Manufacturer → Retailer → Distributor
| | | | |
D) Supplier → Customer → Retailer - CORRECT ANSWER✔✔-A) Supplier
| | | | | | | | | |
→ Manufacturer → Distributor
| | |
6) Supply chain surplus involves what two parts?
| | | | | | |
A) Manufacturing cost and selling price
| | | | |
B) Customer value and supply chain cost
| | | | | |
C) Customer value and high quality products
| | | | | |
D) Reliable transportation and supply chain cost - CORRECT
| | | | | | | | |
ANSWER✔✔-B) Customer value and supply chain cost
| | | | | |
7) For any supply chain, the source of revenue is generated by
| | | | | | | | | | |
A) efficient operations.
| |
B) information flows.
| |
