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30 - ANS A company operates 365 days a year. Annual inventory turn is 12. How many days of supply does that represent? $1,120,000 - ANS Average inventory last year was $160,000 and turns were 7. What was cost of goods sold last year? 86 - ANS A distribution center has $120,000 pounds of rock salt and the forecast is 1,400 pounds of rock salt per day. What is the estimate of the days of supply $60,000 - ANS the inventory holding cost factor is 30% and the ...

Supply chain coordination requires each stage of the supply chain to take into account the impact its actions have on other stages. - ANS True With an uncoordinated supply chain each stage tries to maximize its own profits, resulting in actions that often increase total supply chain surplus. - ANS False The bullwhip effect results in improved supply chain coordination. - ANS False The bullwhip effect enables different stages of the supply chain to have a consiste...

The objective of Walmart's early network design strategy was to: a. Place stores in "high potential" markets b. Locate stores close to a Distribution Center c. Locate stores close to Bentonville d. Use supply chain savings to drive temporary price reductions - b. Locate stores close to a DC Which of the following is a theme throughout the course? a. Supply chain management is the same thing as logistics, just a newer term b. Logistics is just another term for transportation c....

1. Two kinds of customers walk into grizzly fly fishing shop: college freshman taking a first time class and high end professionals with fishing experience, in order to deliver most value to each of these customers, john should: - ANS a. Focus on creating supply chains that deliver the specific form, time and place utility that each customer segment is looking for, at a price that each segment is willing to pay 1. Among the following examples, which refers mostly to the place utility ...

Which aspect of quality is demonstrated by a vehicle that has a useful life of 165,000 miles? - ANS Durability A quality improvement team is trying to illustrate to upper management how a process is varying over time as measurements are collected.Which two statistical process control (SPC) tools should the team use? - ANS Run charts Control charts The CEO of a service company wants to change the strategy of the company from volume sales to high-quality products. Which phil...

what is supply chain management - ANS Efficient integration of suppliers, manufacturers, transporters, warehouses, retailers and all other parties associated with delivery of the final product what are key steps in supply chain - ANS procurement, operations, logistics procurement/purchasing (buy it) - ANS process of obtaining services, supplies and equipment in conformance with corporate regulation operations (make it) - ANS design, operation and improvem...

walmart supply chain strategy - ANS closer to DC, cheaper land, lower transportation costs logistics - ANS management of the flow and storage of inventory such that total cost is minimized and customer service targets are achieved SCM - ANS integration of business processes between functions in a firm and with suppliers and customers activity - ANS inputs, outputs, controls, mechanisms process improvement and redesign - ANS concerned with incre...

Which of the following statements about operations management processes is NOT true? - ANS Outputs of operations management processes are always tangible goods. Operations management and supply chain management has grown because - ANS Technology has facilitated globalization. Operations management is important because - ANS It affects the quality of life of workers and consumers. Which of the following statements best describes "process thinking"? - ANS ...

• Define forecasting and the goals of forecasting. - ANS Forecasting provides an estimate of future demand. Its goal is to minimize forecasting error in order to match supply and demand • List the benefits of improved forecasts. - ANS Lower inventories, Reduced stock-outs, Smoother production plans, Reduced costs, Improved customer service • Qualitative Forecast - ANS Usually used when data is limited, unavailable, or irrelevant. Depends on skill & experience ...

The bullwhip effect causes: - ANS a. a loss of supply chain coordination. b. distortion of demand information within the supply chain. c. different stages of the supply chain to have a very different estimate of what demand looks like. The lack of coordination hurts both responsiveness and cost in a supply chain by making it more expensive to provide a given level of product availability. The impact of the lack of coordination includes - ANS a. manufacturing cost. b. inven...

What are the two options for displaying tables and figures in an APA Style paper? Select the two correct answers. A. Include tables and figures on separate pages after the reference list. B. Embed tables and figures within the reference list. C. Embed tables and figures within the text after they are first mentioned. D. Include tables and figures on separate pages after the text. - ANS Which of the following are examples of academic affiliations for a student author? Select the t...

The Internet is a network covering typically _____ - ANS A planet Transmission lines on WANs are in general made of _______. - ANS Radio links optical fiber copper wire Your wireless network at home is a _____ - ANS LAN ___ connect two or more ___ - ANS switches, transmission lines On networks, the machines that run users programs (applications) are most likely called ________. - ANS hosts On a ______________ network, frames (packets) sent...

Which of the following is the best example of professional voice? - ANS The children diagnosed with ADHD exhibited difficulty cooperating with the lab assistant's rules. Which of the following IS NOT a rule for general formatting? - ANS Use single spaced paragraphs An abstract is... - ANS A 150-250 word summary of your paper that provides a quick understanding of what it is about Which of the following best describes the correct use of levels of headings? - AN...

True - ANS In APA style, separate title page is required for a research paper or an essay. True or False running head - ANS _____________ is an abbreviated form of the title which is up to 50 characters long. It is capitalized and included at the top of each page, including the title page. words - ANS Anonymous in-text citation would include the first few ______ of the Reference list entry of that work and the year. It would only include the word anonymous if the wo...

When searching databases for information beyond background reading, one should: A. Use specific terms related to the main ideas in your topic B. Use general terms related to your topic as a whole C. Use specialized vocabulary and technical terms D. Use common, easily understood words E. A and C F. B and D G. A and D F. B and C - ANS E. A and C Which of the following are good ways to generate additional search terms? A. Find a relevant article and look at its...

Which of the following is NOT a way the inclusion of a bibliography enhances the credibility of the writer? - ANS NOT The bibliography gives evidence to the depth of the writer's research. - What Is a Bibliography and When Should I Write One? There are a variety of reasons why an author may choose to include a bibliography with their work; all of the following are reasons to write a bibliography except - ANS The author feels that the topic isn't important enough to do...

Why do you need to cite sources? - ANS To Prove an argument Validate an Opinion Credit the original author Share outside data/statistics/figures/images Avoid misrepresenting source material as common knowledge create synthesis You can use writing, data, or statistics from a book, journal, or the internet in your own writing without disclosing the source. - ANS False! When crediting the source of information in your writing, what two methods are required by the APA Publ...

1. The two steps for opening an account are writing the account title and recording the balance. - ANS T 2. The steps for posting are to write the date, the journal page number, the amount, and the balance. - ANS F 3. The account number is placed in the Post. Ref. column of the journal as the last step in the posting procedure. - ANS T 4. The posting reference should always be recorded in the journal's Post. Ref. column before amounts are recorded in the ledge...

1. The first digit in the account number 520 means that the account is in the (A) expense division of the general ledger. (B) revenue division of the general ledger. (C) liability division of the general ledger. (D) asset division of the general ledger. - ANS (A) expense division of the general ledger. 2. When accounts are arranged in a general ledger, account numbers are assigned, and the chart of accounts is kept up to date, the accounting personnel are (A) posting. (B) journalizing...

Identify the type of writing error in the following sentence: The delay in the ceremony's commencement was caused by a sudden downpour on the front lawn. A Incorrect grammar or punctuation. All academic writing must adhere to the rules of grammar, spelling, capitalization, and punctuation. B Unsupported assertion. Opinion alone is insufficient; include an appropriate reference to back up each argument. C Passive voice. Use the active voice for direct, concise writing. D No error. - AN...