Question 1
Consider a packaged milk products supply chain. A lumber company provides wood to a
paper mill, who supplies cardboard to a container
... [Show More] manufacturer, who supplies containers
to the milk products manufacturer. The lumber company is:
Answer
a tier one supplier.
a tier two supplier.
a tier three supplier.
a tier four supplier.
not in the supply
chain.
2.5 points
Question 2
Which term refers to inaccurate or distorted demand information created in the supply
chain?
Answer
Battle axe effect
Cobra effect
Bullwhip effect
Lasso effect
Whirlpool
effect
2.5 points
Question 3
Which of the following is not one of the four major causes of the bullwhip effect?
Answer
Demand forecast updating
Order batching
Price fluctuations
The business cycle
Rationing and shortage
gaming
2.5 points
Question 4
When do rationing and shortage gaming occur?
Answer
Supply exceeds demand.
Demand exceeds supply.
Government contracts are awarded.
Transportation workers go on strike.
Marginal revenue exceeds marginal
cost.
2.5 points
Question 5
Online retailing, or B2C, has shifted:
Answer
the cost of doing business.
the power from the suppliers to the
consumers.
the way the internet works.
internal corporate power to the IT department.
corporate funding levels to the IT department.
2.5 points
Question 6
What refers to owning or controlling sources of raw materials and components?
Answer
Backward integration
Horizontal integration
Encapsulating
integration
Forward integration
Subsuming integration
2.5 points
Question 7
According to several studies, what are the three most important criteria for selecting
suppliers?
Answer
Price, quality, fast delivery
Quality, fast delivery, on-time
delivery
Price, flexibility, on-time delivery
Quality, flexibility, fast delivery
Price, quality, on-time delivery
2.5 points
Question 8
Early supplier involvement refers to the involvement of critical suppliers for what?
Answer
Strategic planning
Assembly line design
Speedy delivery planning [Show Less]