CA Foundation Business Economics Questions 2023 - Part 32
Fri, 03 Mar 2023
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APICS Certified Supply Chain Professional CSCPPractice Questions 2023 - Part 26
1. The primary business advantage of developing an international supply chain is to:
A) reduce transportation costs.
B) decrease inventory costs.
C) limit the number of component suppliers.
D) realize economies of scale in production and distribution.
2. Transforming company policies into objectives and specific goals creates a:
A) performance standard.
B) organizational benchmark.
C) supply chain metric.
D) balanced scorecard.
3. A well-grounded program in which a company focuses on customer success involves:
A) a thorough understanding of individual customers×?â?¬â?¢ requirements.
B) a commitment to focus on short-term business relationships.
C) a focus on relationships having high profitability and low potential for growth.
D) making similar commitments to customers in order to maintain lasting relationships.
4. A company faces highly unpredictable demand for an end item. Which of the following production methods would work best for meeting customer demand within a reasonable lead time?
A) Engineer-to-order (ETO)
B) Make-to-order (MTO)
C) Assemble-to-order (ATO)
D) Make-to-stock (MTS)
5. One of the key benefits of adopting a lean supply chain philosophy is the reduction of inventories that allow:
A) decreased obsolescence.
B) freeing up working capital for investment.
C) reduced material handling surcharges.
D) lower transaction costs.
A) reduce transportation costs.
B) decrease inventory costs.
C) limit the number of component suppliers.
D) realize economies of scale in production and distribution.
2. Transforming company policies into objectives and specific goals creates a:
A) performance standard.
B) organizational benchmark.
C) supply chain metric.
D) balanced scorecard.
3. A well-grounded program in which a company focuses on customer success involves:
A) a thorough understanding of individual customers×?â?¬â?¢ requirements.
B) a commitment to focus on short-term business relationships.
C) a focus on relationships having high profitability and low potential for growth.
D) making similar commitments to customers in order to maintain lasting relationships.
4. A company faces highly unpredictable demand for an end item. Which of the following production methods would work best for meeting customer demand within a reasonable lead time?
A) Engineer-to-order (ETO)
B) Make-to-order (MTO)
C) Assemble-to-order (ATO)
D) Make-to-stock (MTS)
5. One of the key benefits of adopting a lean supply chain philosophy is the reduction of inventories that allow:
A) decreased obsolescence.
B) freeing up working capital for investment.
C) reduced material handling surcharges.
D) lower transaction costs.
1. Right Answer: D
Explanation:
2. Right Answer: A
Explanation:
3. Right Answer: D
Explanation:
4. Right Answer: D
Explanation:
5. Right Answer: C
Explanation:
Explanation:
2. Right Answer: A
Explanation:
3. Right Answer: D
Explanation:
4. Right Answer: D
Explanation:
5. Right Answer: C
Explanation:
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