SCMN 3710 STUDY TEST QUESTIONS
WITH ALL CORRECT ANSWERS 2025
LATEST UPDATE
The desired outcome (focus) of decisions made about supply chain tradeoffs is to -
Answer-drive the CSL/TC ratio higher
Which of these flows only one way as illustrated in Figure 1-4? - Answer-None of these
answers: financials, information, products and services
One of the major challenges of supply chain management is - Answer-maintaining the
visibility of inventory.
The Supply Chain Concept - Answer-developed from the previous Physical Distribution
concept.
Which of the following is not part of the Supply Chain network? - Answer-stores
All four subdivisions of logistics have some common characteristics. Which of the below
does not belong in the list: - Answer-marketing
An important sustainability issue that has received much more scrutiny in recent years
is the: - Answer-reduction in packaging waste by using alternate materials
Logistics creates which utility through production forecasting, production scheduling and
inventory control? - Answer-quantity utility
A critical ingredient for the Third Era of globalization is: - Answer-technological
advances, especially in information technology and communications
Gemini products wishes to enter foreign markets but lacks the resources to do so. They
evaluate their alternatives and approach Overseas Traders, LLC, a company that
specializes in the foreign distribution of products of the type which Gemini
manufacturers. Overseas purchases $50,000 of Gemini's products for sale on the
international market. Overseas is which type of global logistics channel intermediary? -
Answer-export trading company
The global logistics channel intermediary that supervises the movement of goods
through customs and ensures that the documentation accompanying a shipment is
complete and accurate is known as - Answer-a customs house broker
, Which type of global logistics channel intermediary enables goods to move through
customs more easily by consolidating small shipments into more economical sizes? -
Answer-foreign freight forwarder
The least-frequently used IT-based services by customers of 3PLs are: - Answer-
strategic and customer-related
The decision to alter the supply chain process is essentially ___________issue. -
Answer-an optimization
What is the best financial metric to show the profit an organization generates in
relationship to assets utilized? - Answer-ROA
Gross margin equals - Answer-sales minus COGS
There are four major categories that provide a useful way for examining logistics and
supply chain performance: They are: time, ______, cost, and supporting metrics. -
Answer-quality
The three prerequisites that must be satisfied for goods to move "naturally" from areas
of surplus to areas of shortage are that the change in total value is greater than the
change in total cost, ________ , and __________ . - Answer-market conditions exist,
government does not prohibit
An overall measure of logistics system performance that allows for better global
decision making among various trade-offs is the "Bang/Buck" ratio or the - Answer-
Customer Service Level per Total Logistics Cost
The "Value Proposition" that must be satisfied for the "invisible hand" to move goods
from areas of surplus to areas of shortage holds that the _____ must be _______ the
_______ . - Answer-change in total value, greater than, change in total cost
The "product mix/assortment" problem refers to rapidly increasing costs as a result of -
Answer-trying to serve the last 1-3 percent of customer demand with ever increasing
inventory
In deploying supply chains across global markets, managers seek to identify
opportunities where - Answer-differential value is high and total cost is low
The "most efficient frontier" on the TC-CSL graph is the line along which - Answer-costs
are at the theoretical minimum for a given level of customer service
Complexity in the supply chain is caused by - Answer-All of these answers: the number
of SKUs, locations of customers and suppliers, transportation requirements
WITH ALL CORRECT ANSWERS 2025
LATEST UPDATE
The desired outcome (focus) of decisions made about supply chain tradeoffs is to -
Answer-drive the CSL/TC ratio higher
Which of these flows only one way as illustrated in Figure 1-4? - Answer-None of these
answers: financials, information, products and services
One of the major challenges of supply chain management is - Answer-maintaining the
visibility of inventory.
The Supply Chain Concept - Answer-developed from the previous Physical Distribution
concept.
Which of the following is not part of the Supply Chain network? - Answer-stores
All four subdivisions of logistics have some common characteristics. Which of the below
does not belong in the list: - Answer-marketing
An important sustainability issue that has received much more scrutiny in recent years
is the: - Answer-reduction in packaging waste by using alternate materials
Logistics creates which utility through production forecasting, production scheduling and
inventory control? - Answer-quantity utility
A critical ingredient for the Third Era of globalization is: - Answer-technological
advances, especially in information technology and communications
Gemini products wishes to enter foreign markets but lacks the resources to do so. They
evaluate their alternatives and approach Overseas Traders, LLC, a company that
specializes in the foreign distribution of products of the type which Gemini
manufacturers. Overseas purchases $50,000 of Gemini's products for sale on the
international market. Overseas is which type of global logistics channel intermediary? -
Answer-export trading company
The global logistics channel intermediary that supervises the movement of goods
through customs and ensures that the documentation accompanying a shipment is
complete and accurate is known as - Answer-a customs house broker
, Which type of global logistics channel intermediary enables goods to move through
customs more easily by consolidating small shipments into more economical sizes? -
Answer-foreign freight forwarder
The least-frequently used IT-based services by customers of 3PLs are: - Answer-
strategic and customer-related
The decision to alter the supply chain process is essentially ___________issue. -
Answer-an optimization
What is the best financial metric to show the profit an organization generates in
relationship to assets utilized? - Answer-ROA
Gross margin equals - Answer-sales minus COGS
There are four major categories that provide a useful way for examining logistics and
supply chain performance: They are: time, ______, cost, and supporting metrics. -
Answer-quality
The three prerequisites that must be satisfied for goods to move "naturally" from areas
of surplus to areas of shortage are that the change in total value is greater than the
change in total cost, ________ , and __________ . - Answer-market conditions exist,
government does not prohibit
An overall measure of logistics system performance that allows for better global
decision making among various trade-offs is the "Bang/Buck" ratio or the - Answer-
Customer Service Level per Total Logistics Cost
The "Value Proposition" that must be satisfied for the "invisible hand" to move goods
from areas of surplus to areas of shortage holds that the _____ must be _______ the
_______ . - Answer-change in total value, greater than, change in total cost
The "product mix/assortment" problem refers to rapidly increasing costs as a result of -
Answer-trying to serve the last 1-3 percent of customer demand with ever increasing
inventory
In deploying supply chains across global markets, managers seek to identify
opportunities where - Answer-differential value is high and total cost is low
The "most efficient frontier" on the TC-CSL graph is the line along which - Answer-costs
are at the theoretical minimum for a given level of customer service
Complexity in the supply chain is caused by - Answer-All of these answers: the number
of SKUs, locations of customers and suppliers, transportation requirements
