BCOR 360 FINAL EXAM ACTUAL EXAM | ALL QUESTIONS
AND CORRECT ANSWERS | GRADED A+ | LATEST EXAM
2025 | VERIFIED ANSWERS | JUST RELEASED
If demand is normally distributed with mean demand = 12 units/day, your
average lead time is 3 days, and your standard deviation of demand during
lead time is 7.6, what is your reorder point? Assume your desired CSL is
90%. ---------CORRECT ANSWER-----------------46
Which of the following is a good reason to carry inventory? ---------
CORRECT ANSWER-----------------e. All of the above
Carrying too much inventory or the wrong inventory can lead to which of he
following? ---------CORRECT ANSWER-----------------f. A, B, & C only
Which of the following is not a commonly used metric used to evaluate
inventory performance? ---------CORRECT ANSWER-----------------c. Cash-
to-cash cycle time
Inventory Turnover is defined as Current Inventory/Average Daily Usage. --
-------CORRECT ANSWER-----------------false
In an ABC analysis of a firm's SKUs, C items make up 20% of the total
SKU count and collectively account for 80% of total usage. ---------
CORRECT ANSWER-----------------false
,Which of the following is the most effective and productive way to reduce
the optimal order quantity (Q)? ---------CORRECT ANSWER-----------------b.
Reduce order or set-up costs
What is your economic order quantity if the annual demand is 100 units, the
order placement cost is $25, and the holding cost per unit per year is $50?
---------CORRECT ANSWER-----------------a. 10 units
If annual demand is 24,000 units, and the order quantity is 3,000 units,
which of the following accurately describes the decision-making
environment? ---------CORRECT ANSWER-----------------a. The annual
number of order placements will be 8, and average inventory levels will be
1,500
If your EOQ is 60 and the associated total cost is G(Q)=$4,200. What will
be the total cost if you use an order quantity of 40 (rather than the EOQ)? --
-------CORRECT ANSWER-----------------d. More than $4,200
"Sandy is a buyer for a museum gift shop. Her organization uses a large
amount of gift-wrapping supplies, so she decides to negotiate an
agreement with a local maker of these supplies to automatically ship them
to the museum once a week. This type of arrangement is called a(n)
_____." ---------CORRECT ANSWER-----------------e-procurement process
Which of the following products or services are most likely to be high-
involvement decisions? Select all that apply. ---------CORRECT ANSWER--
---------------An automobile
An engagement ring
,"True or false: In the end, marketing is mostly about creating and satisfying
the consumer s needs." ---------CORRECT ANSWER-----------------False
The psychologist Carl Jung proposed the personality category of _____ to
describe people who tend to be shy and are happy being alone. ---------
CORRECT ANSWER-----------------introvert
Marketers should take steps to reduce or avoid cognitive dissonance at
which stage in the buying process? ---------CORRECT ANSWER--------------
---After the post-purchase stage
The process of marketing begins when something that is wanted or needed
and the people who want or need it are _____. ---------CORRECT
ANSWER-----------------identified
A product or service represents good value if the benefit gained from it is
greater than its _____. ---------CORRECT ANSWER-----------------cost
The idea of place in the marketing mix concerns which question? ---------
CORRECT ANSWER-----------------Where or how does the customer buy
the product?
A cosmetics manufacturer known for its low-priced offerings decides to
create a premium line of cosmetics products. How might the company
market this line to more discerning customers who are willing to pay for
, high quality? ---------CORRECT ANSWER-----------------By naming the
ingredients used in production
Building and maintaining relationships with customers is especially
important when _____. ---------CORRECT ANSWER-----------------more and
more product choices enter the market
The marketing information and research section in a marketing plan does
which of the following? ---------CORRECT ANSWER-----------------Discusses
key questions that need to be answered and the information needed to
answer them
"When using Google Sites to create a presentation, the presenter should
do which of the following? Select all that apply." ---------CORRECT
ANSWER-----------------Ask for feedback from others about how the
presentation looks.
Test the presentation on both computer screens and smartphones.
"True or false: The more successful the plan is, the longer it will take to
require a significant revision." ---------CORRECT ANSWER-----------------
False
"Each action in a marketing plan will generate new _____ regarding what
works and what doesn t work, creating opportunities for new analysis and
better strategies." ---------CORRECT ANSWER-----------------market data
AND CORRECT ANSWERS | GRADED A+ | LATEST EXAM
2025 | VERIFIED ANSWERS | JUST RELEASED
If demand is normally distributed with mean demand = 12 units/day, your
average lead time is 3 days, and your standard deviation of demand during
lead time is 7.6, what is your reorder point? Assume your desired CSL is
90%. ---------CORRECT ANSWER-----------------46
Which of the following is a good reason to carry inventory? ---------
CORRECT ANSWER-----------------e. All of the above
Carrying too much inventory or the wrong inventory can lead to which of he
following? ---------CORRECT ANSWER-----------------f. A, B, & C only
Which of the following is not a commonly used metric used to evaluate
inventory performance? ---------CORRECT ANSWER-----------------c. Cash-
to-cash cycle time
Inventory Turnover is defined as Current Inventory/Average Daily Usage. --
-------CORRECT ANSWER-----------------false
In an ABC analysis of a firm's SKUs, C items make up 20% of the total
SKU count and collectively account for 80% of total usage. ---------
CORRECT ANSWER-----------------false
,Which of the following is the most effective and productive way to reduce
the optimal order quantity (Q)? ---------CORRECT ANSWER-----------------b.
Reduce order or set-up costs
What is your economic order quantity if the annual demand is 100 units, the
order placement cost is $25, and the holding cost per unit per year is $50?
---------CORRECT ANSWER-----------------a. 10 units
If annual demand is 24,000 units, and the order quantity is 3,000 units,
which of the following accurately describes the decision-making
environment? ---------CORRECT ANSWER-----------------a. The annual
number of order placements will be 8, and average inventory levels will be
1,500
If your EOQ is 60 and the associated total cost is G(Q)=$4,200. What will
be the total cost if you use an order quantity of 40 (rather than the EOQ)? --
-------CORRECT ANSWER-----------------d. More than $4,200
"Sandy is a buyer for a museum gift shop. Her organization uses a large
amount of gift-wrapping supplies, so she decides to negotiate an
agreement with a local maker of these supplies to automatically ship them
to the museum once a week. This type of arrangement is called a(n)
_____." ---------CORRECT ANSWER-----------------e-procurement process
Which of the following products or services are most likely to be high-
involvement decisions? Select all that apply. ---------CORRECT ANSWER--
---------------An automobile
An engagement ring
,"True or false: In the end, marketing is mostly about creating and satisfying
the consumer s needs." ---------CORRECT ANSWER-----------------False
The psychologist Carl Jung proposed the personality category of _____ to
describe people who tend to be shy and are happy being alone. ---------
CORRECT ANSWER-----------------introvert
Marketers should take steps to reduce or avoid cognitive dissonance at
which stage in the buying process? ---------CORRECT ANSWER--------------
---After the post-purchase stage
The process of marketing begins when something that is wanted or needed
and the people who want or need it are _____. ---------CORRECT
ANSWER-----------------identified
A product or service represents good value if the benefit gained from it is
greater than its _____. ---------CORRECT ANSWER-----------------cost
The idea of place in the marketing mix concerns which question? ---------
CORRECT ANSWER-----------------Where or how does the customer buy
the product?
A cosmetics manufacturer known for its low-priced offerings decides to
create a premium line of cosmetics products. How might the company
market this line to more discerning customers who are willing to pay for
, high quality? ---------CORRECT ANSWER-----------------By naming the
ingredients used in production
Building and maintaining relationships with customers is especially
important when _____. ---------CORRECT ANSWER-----------------more and
more product choices enter the market
The marketing information and research section in a marketing plan does
which of the following? ---------CORRECT ANSWER-----------------Discusses
key questions that need to be answered and the information needed to
answer them
"When using Google Sites to create a presentation, the presenter should
do which of the following? Select all that apply." ---------CORRECT
ANSWER-----------------Ask for feedback from others about how the
presentation looks.
Test the presentation on both computer screens and smartphones.
"True or false: The more successful the plan is, the longer it will take to
require a significant revision." ---------CORRECT ANSWER-----------------
False
"Each action in a marketing plan will generate new _____ regarding what
works and what doesn t work, creating opportunities for new analysis and
better strategies." ---------CORRECT ANSWER-----------------market data
