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 5
1. Which of the following factors typically is the most significant impediment to implementing collaborative commerce?
A) Technology barriers
B) Security
C) Corporate culture
D) Return on investment (ROI)
2. Which of the following situations is an example of inventory being held as a way to balance supply and demand?
A) A manufacturer holds inventory of key components to maintain a level production schedule.
B) A manufacturer of seasonal products builds finished-goods inventory before the peak selling period.
C) A distributor maintains safety stock of slow-moving items at a central distribution center.
D) A retailer stocks a variety of sizes and colors of a fast-selling item to avoid losing sales.
3. A company's annual cost of goods sold is $350 million, and inventory carrying cost is 18%. The company averages four inventory turns. The cost savings resulting from increasing inventory turns from four to six would be:
A) $29,000,000.
B) $15,750,000.
C) $10,500,000.
D) $ 5,250,000.
4. Continuous improvement is best described as:
A) a never-ending effort to expose and eliminate root causes of problems.
B) a never-ending effort by the management team to reduce cycle time.
C) identifying and implementing big-step improvements within a process.
D) a process in which a supplier commits to replenishing inventory based on demand without receiving replenishment orders.
5. The factors to consider in the make-or-buy decision include costs, proprietary knowledge, and:
A) design history.
B) available capacity.
C) inventory balance.
D) warehouse location.
A) Technology barriers
B) Security
C) Corporate culture
D) Return on investment (ROI)
2. Which of the following situations is an example of inventory being held as a way to balance supply and demand?
A) A manufacturer holds inventory of key components to maintain a level production schedule.
B) A manufacturer of seasonal products builds finished-goods inventory before the peak selling period.
C) A distributor maintains safety stock of slow-moving items at a central distribution center.
D) A retailer stocks a variety of sizes and colors of a fast-selling item to avoid losing sales.
3. A company's annual cost of goods sold is $350 million, and inventory carrying cost is 18%. The company averages four inventory turns. The cost savings resulting from increasing inventory turns from four to six would be:
A) $29,000,000.
B) $15,750,000.
C) $10,500,000.
D) $ 5,250,000.
4. Continuous improvement is best described as:
A) a never-ending effort to expose and eliminate root causes of problems.
B) a never-ending effort by the management team to reduce cycle time.
C) identifying and implementing big-step improvements within a process.
D) a process in which a supplier commits to replenishing inventory based on demand without receiving replenishment orders.
5. The factors to consider in the make-or-buy decision include costs, proprietary knowledge, and:
A) design history.
B) available capacity.
C) inventory balance.
D) warehouse location.
1. Right Answer: C
Explanation:
2. Right Answer: B
Explanation:
3. Right Answer: D
Explanation:
4. Right Answer: A
Explanation:
5. Right Answer: B
Explanation:
Explanation:
2. Right Answer: B
Explanation:
3. Right Answer: D
Explanation:
4. Right Answer: A
Explanation:
5. Right Answer: B
Explanation:
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