SCSC 301 EXAM QUESTIONS WITH ALL CORRECT DETAILED ANSWERS

SCSC 301 EXAM QUESTIONS WITH ALL CORRECT DETAILED ANSWERS What are the four competitive priorities mentioned in class? A. Cost, Quality, SpeedlTime, Flexibility B. Inventory, Retail management, Flexibility, Supply Chain C. Both A and B D. None of the above - ANSWER- A. Cost, Quality, Seedtimes, Flexibility "A purchase requisition is a request to purchase materials or services,while a purchase order is a legal agreement between a Buyer and a supplier for the provision of goods. A. True b. False" - ANSWER- A. True "The Most popular research tools used in the market are A. CAD and dot net B. MS-Excel, SPSS, Minitab, Micro strategy and SAS C. C&c++ D. Java and Php" - ANSWER- B. MS-Excel, SPSS, Minitab, Micro strategy and SAS "Acme Auto, which started out as a single dealership, has a vertical supply chain owning all links within its supply chain. The company is experiencing explosive growth and is planning on opening up an additional 500 dealerships nationwide calling for them to switch to a lateral supply chain. Which of the following is a benefit of lateral supply chain management? A. The ability to be self-sufficient B. All divisions are completely visible to the parent company C. The ability to remain in control D. All company operations can be synchronized by directives from the top. E. The ability to outsource least effective areas of the business. - ANSWER- E. The ability to outsource least effective areas of the business. "18. A primary advantage of electronic data interchange (EDI) with suppliers is that it A. reduces paperwork B. bypasses the buyer C. employs the latest technology D. supports unlimited forms of communications " - ANSWER- A. reduces paperwork "Encouraging or helping the firm's suppliers to perform in some desired fashion is called as, A. Customer Management B. Process Management C. Operations Management D. Supplier Management" - ANSWER- D. Supplier Management "A Planned PO is a long-term agreement committing to buy items or services from a a. Single source b. Mulitple source" - ANSWER- A. Single source "Which of the following activities occurs during the Plan Procurements process? A. Make-or-buy decisions B. Answering sellers' questions about the bid documents C. Advertising D. Proposal evaluation" - ANSWER- A. Make-or-buy decisions "When an intermediate and end customer return products, obtain warranty repairs, or throwaway or recycle them is an example of: A. Purchase B. Logistics C. Procurement D. Reverse Logistics " - ANSWER- D. Reverse Logistics "The advantages of a focus group are new ideas, engaging, flexible and produces immed iate resuIts True False" - ANSWER- TRUE "A _______________RFID tag is one that simply stores data and draw power from a reader whose electromagnetic wave induces a current in the tag's antenna for shortrange communication (up to 10m). Active Tag PassiveTag Semi-passive tag" - ANSWER- PassiveTag "What are the 4 P's in marketing? (Planning and Implementing the Marketing Mix) A. Pricing, Position, Promotion, Product (Correct Answer) B. P is for pardon pig C. Peace, Piece, Peas, Piss " - ANSWER- A. Pricing, Position, Promotion, Product "What other areas outside the supply chain are needed on the process? A. IT B. Marketing C. Accounting and Finance D. All of the above E. A and B only " - ANSWER- D. All of the above "______ is a letter sent by a customer to a supplier, to inform the supplier that their invoice has been paid. A. Remittance advice B. Purchase Order C. RFQ D. RFI " - ANSWER- A. Remittance advice "Which of the following defines the sequence of operations to be performed to manufacture a part? A. Item master B. Bill of material C. Routing D. Shop calendar " - ANSWER- C. Routing "______ includes all fixed costs (components of costs that do not vary with the size of the order) associate with placing an order A. Inventory Carrying Costs B. Stockout Costs C. Ordering Costs" - ANSWER- C. Ordering Costs"