QMB 3200 MIDTERM EXAM NEWEST p p p p
ACTUAL EXAM (2 VERSIONS) WITH COM p p p p p
PLETE QUESTIONS AND DETAILED ANSWE p p p p
RS GRADED A | 100% VERIFIED
p p p p p
VERSION A p
In the M/M/1 model,
p p p p
represents the average nu p p p
mber of services that can be completed in a designated time inte
p p p p p p p p p p p
rval. - ✔✔✔ Correct Answer > u
p p p p p p
An ability that distinguishes a business from its competitors is a
p p p p p p p p p p
- ✔✔✔ Correct Answer > core competency
p p p p p p
CHAPTER 7&9 - ✔✔✔ Correct Answer > p p p p p p
Among the supply chain frameworks that companies may use for
p p p p p p p p p
reference, metrics, and standardization, the SCOR model gener
p p p p p p p p
ally works best for? -
p p p p
✔✔✔ Correct Answer > tangible goods providers
p p p p p p p
,Which is one of the objectives of a spend analysis? -
p p p p p p p p p p
✔✔✔ Correct Answer > to determine whether any goods or ser
p p p p p p p p p p p
vices would benefit from consolidation into larger categories of
p p p p p p p p p
purchasing.
One way of evaluating supply chain performance is a krajic
p p p p p p p p p p
matrix, which helps with -p p p p
✔✔✔ Correct Answer > supplier positioning
p p p p p p
What are the most two commonly used tender evaluation methods
p p p p p p p p p
? - ✔✔✔ Correct Answer > linear averaging and lowest price
p p p p p p p p p p
Multiple suppliers, manufacturers, and/or service providers ma
p p p p p p
y be involved in any product, with each business relying on other
p p p p p p p p p p p p
suppliers and providers. This is an example of . -
p p p p p p p p p
✔✔✔ Correct Answer > a supply chain
p p p p p p p
Which organizational structure is often adopted by organiza
p p p p p p p
tions using a decentralized organizational policy? -
p p p p p p
✔✔✔ Correct Answer > matrix structure
p p p p p
,Frank works for a paper company that supplies paper to greet
p p p p p p p p p p
ing card manufacturers. In this scenario, his company particip
p p p p p p p p
ates in p p sales. - p
✔✔✔ Correct Answer > B2B
p p p p p
The text describes three types of negotiation in the purchasing proc
p p p p p p p p p p
ess as - ✔✔✔ Correct Answer > soft,hard,principled
p p p p p p p
In the business world, a legal obligation known as
p p p p p p p p
is made when p p p
is accepted between two capable parties. - p p p p p p
✔✔✔ Correct Answer > a contract; an offer
p p p p p p p p
What U.S. regulation made it illegal to conspire or collude to r
p p p p p p p p p p p
estrict competition, such as price fixing among suppliers or gr
p p p p p p p p p
oup boycotts? -
p p
✔✔✔ Correct Answer > the Sherman Anti Trust Act
p p p p p p p p p
Sustainability and profitability become less distinguishable in
p p p p p p p
operating a supply chain - p p p p
✔✔✔ Correct Answer > the longer the planning horizon
p p p p p p p p p
, The term p
refers to all acquisitions of outside goods a p p p p p p p
nd services, and thus includes both purchasing and other forms
p p p p p p p p p p
of acquisition, such as trading, recycling, or extracting. -
p p p p p p p p
✔✔✔ Correct Answer > procurement
p p p p
Outsourcing is limited to production of goods and components.
p p p p p p p p
- ✔✔✔ Correct Answer > False
p p p p p
The Critical Path Method(CPM) of project management begins
p p p p p p p p
with the logical assumption that task times are
p p .- p p p p p p
✔✔✔ Correct Answer > deterministic
p p p p
Drawing an AON network requires representing each activity as a
p p p p p p p p p p
standard shape and joining these shapes with arcs indicating
p p p p p p p p
. - ✔✔✔ Correct Answer > precedence relationships
p p p p p p p
is a degree to which a task may be delayed from its earl
p p p p p p p p p p p p
y start without delaying the project. - ✔✔✔ Correct Answer
p p p p p p p p p
> Slack
p
Use of late start and late finish timings is known more generally a
p p p p p p p p p p p p
sp , referring to the fact that the last possible finish
p p p p p p p p p
ACTUAL EXAM (2 VERSIONS) WITH COM p p p p p
PLETE QUESTIONS AND DETAILED ANSWE p p p p
RS GRADED A | 100% VERIFIED
p p p p p
VERSION A p
In the M/M/1 model,
p p p p
represents the average nu p p p
mber of services that can be completed in a designated time inte
p p p p p p p p p p p
rval. - ✔✔✔ Correct Answer > u
p p p p p p
An ability that distinguishes a business from its competitors is a
p p p p p p p p p p
- ✔✔✔ Correct Answer > core competency
p p p p p p
CHAPTER 7&9 - ✔✔✔ Correct Answer > p p p p p p
Among the supply chain frameworks that companies may use for
p p p p p p p p p
reference, metrics, and standardization, the SCOR model gener
p p p p p p p p
ally works best for? -
p p p p
✔✔✔ Correct Answer > tangible goods providers
p p p p p p p
,Which is one of the objectives of a spend analysis? -
p p p p p p p p p p
✔✔✔ Correct Answer > to determine whether any goods or ser
p p p p p p p p p p p
vices would benefit from consolidation into larger categories of
p p p p p p p p p
purchasing.
One way of evaluating supply chain performance is a krajic
p p p p p p p p p p
matrix, which helps with -p p p p
✔✔✔ Correct Answer > supplier positioning
p p p p p p
What are the most two commonly used tender evaluation methods
p p p p p p p p p
? - ✔✔✔ Correct Answer > linear averaging and lowest price
p p p p p p p p p p
Multiple suppliers, manufacturers, and/or service providers ma
p p p p p p
y be involved in any product, with each business relying on other
p p p p p p p p p p p p
suppliers and providers. This is an example of . -
p p p p p p p p p
✔✔✔ Correct Answer > a supply chain
p p p p p p p
Which organizational structure is often adopted by organiza
p p p p p p p
tions using a decentralized organizational policy? -
p p p p p p
✔✔✔ Correct Answer > matrix structure
p p p p p
,Frank works for a paper company that supplies paper to greet
p p p p p p p p p p
ing card manufacturers. In this scenario, his company particip
p p p p p p p p
ates in p p sales. - p
✔✔✔ Correct Answer > B2B
p p p p p
The text describes three types of negotiation in the purchasing proc
p p p p p p p p p p
ess as - ✔✔✔ Correct Answer > soft,hard,principled
p p p p p p p
In the business world, a legal obligation known as
p p p p p p p p
is made when p p p
is accepted between two capable parties. - p p p p p p
✔✔✔ Correct Answer > a contract; an offer
p p p p p p p p
What U.S. regulation made it illegal to conspire or collude to r
p p p p p p p p p p p
estrict competition, such as price fixing among suppliers or gr
p p p p p p p p p
oup boycotts? -
p p
✔✔✔ Correct Answer > the Sherman Anti Trust Act
p p p p p p p p p
Sustainability and profitability become less distinguishable in
p p p p p p p
operating a supply chain - p p p p
✔✔✔ Correct Answer > the longer the planning horizon
p p p p p p p p p
, The term p
refers to all acquisitions of outside goods a p p p p p p p
nd services, and thus includes both purchasing and other forms
p p p p p p p p p p
of acquisition, such as trading, recycling, or extracting. -
p p p p p p p p
✔✔✔ Correct Answer > procurement
p p p p
Outsourcing is limited to production of goods and components.
p p p p p p p p
- ✔✔✔ Correct Answer > False
p p p p p
The Critical Path Method(CPM) of project management begins
p p p p p p p p
with the logical assumption that task times are
p p .- p p p p p p
✔✔✔ Correct Answer > deterministic
p p p p
Drawing an AON network requires representing each activity as a
p p p p p p p p p p
standard shape and joining these shapes with arcs indicating
p p p p p p p p
. - ✔✔✔ Correct Answer > precedence relationships
p p p p p p p
is a degree to which a task may be delayed from its earl
p p p p p p p p p p p p
y start without delaying the project. - ✔✔✔ Correct Answer
p p p p p p p p p
> Slack
p
Use of late start and late finish timings is known more generally a
p p p p p p p p p p p p
sp , referring to the fact that the last possible finish
p p p p p p p p p
