University of Tennessee Knoxville

Supply chain management refers to: - Answer the management of up and downstream relationships with suppliers and customers to deliver superior customer value at less cost to the supply chain as a whole. Which of the following companies refers to itself as a "technology company merged with a supply chain"? - Answer Amazon How does supply chain management create value? - Answer Form, time, place, exchange The "Great Divide" in supply chain management occurs between: -...

Why might a company consider expanding its supply chain internationally? - Answer All of the above: Lower cost supplier, skilled labor, international expansion, fend off competition What is the biggest cause of difficulties in working with another culture? - Answer Different ways of making decisions and approaching business Which supply chain strategy is most popular with companies today? - Answer Regional strategy that groups countries into clusters What is the most common way...

False - Answer Sourcing is the inputs (or things we buy), including materials, sub-assembled components, equipment, and services, that are required to create value. (T/F) Customers - Answer Which of the following is NOT an area in which successful supply managers need expertise? Technologies Customers Suppliers Processes Resources True - Answer When purchasing and supply management works well within an organization, the company acquires the best resources from around the wo...

The supply chain focuses on how to best align supply chain operations to create _____, _____, and ______. - Answer form, time and place Total Relevant Value = - Answer total cost of ownership + customer value Order cycle: process around the interface between ____________________________ and supply creation of form, time and place. - Answer customer demand creation The point where there is agreement between organization and customer to create a certain level of form, time, and p...

Logistics Management - Answer is the part of SCM that plans, implements, and controls the efficient, effective, forward and reverse flow and storage of goods, services, and related information between the point of origin and the point of consumption in order to meet customer requirements Supply Chain Management - Answer the management of upstream and downstream relationships with suppliers and customers in order to deliver superior customer value at less cost to the supply chain as a wh...

Which of the following describes a negative output gap? a. none of these b. actual GDP is above potential GDP c. actual GDP is below potential GDP d. actual GDP equals potential GDP (Ans- c. actual GDP is below potential GDP Using 2001 as the base year, what is real GDP in 2001? In 2001 there were 10 units of A at $2 per unit and 10 units of B at $3 per unit. In 2002, there were 20 units of A at $4 per unit and 5 units of B at $4 per unit. (Hint: make your own table). a. $105 b. none ...

Why the AD Curve Slopes Downward (Ans- 1. wealth effect 2. interest rate effect 3. exchange rate effect wealth effect (Ans- the change in the quantity of aggregate demand that results from wealth changes due to price-level changes interest rate effect (Ans- occurs when a change in the price level leads to a change in interest rates and, therefore, in the quantity of aggregate demand foreign price effect (Ans- If prices rise in the US and stay the same elsewhere then X goes down and ...

Structure of the Fed (Ans- - Fed Chair (formerly Janet Yellen) - Board of Governors (7 members, located in DC) - 12 regional Fed banks - Federal Open Market Committee (FOMC) Federal Open Market Committee (FOMC) (Ans- decides monetary policy Monetary Policy Tools (Ans- 1. Open-Market Operations 2. Discount Rate 3. Reserve Requirements. All 3 monetary policy tools create ____________ (2 words) for the banks, which allows them to create money through making loans (Ans- excess reserve...

English 301 Exam #2 UTK questions with verified answers

UTK BUAD 331 FINAL EXAM QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS | LATEST UPDATE 2025