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 63
1. The most useful inventory costing method which enables purchase price variance analysis is:
A) average costing.
B) standard costing.
C) last in first out (LIFO) costing.
D) first in first out (FIFO) costing.
2. The purchasing manager of a company wants to minimize stock-outs as well as obsolete inventory. Which of the following tools needs to be implemented?
A) Blanket purchase order
B) Advanced planning and scheduling (APS)
C) Buy-back contracts
D) Business-to-business integration software
3. A large retailer has negotiated buyback contracts with several suppliers. The suppliers typically will need which of the following systems to effectively implement the contracts?
A) Point-of-sale tracking
B) Well-developed reverse logistics
C) Monitoring the retailer's revenue
D) Sales incentives to reward the retailer
4. A company exports products to emerging markets. Which of the following approaches would be used to enhance compliance, minimize risks, and connect supply chain activities?
A) Logistics network planning
B) Distribution requirements planning
C) Supply chain event management
D) Global trade management
5. A company has adequate average available capacity but does not maintain surge capacity. With a distribution route to manage, which of the following actions will provide the most capacity relief?
A) Increasing order-fulfillment lead times
B) Implementing allocation
C) Increasing prices with a 30-day effective date
D) Increasing product queue times
A) average costing.
B) standard costing.
C) last in first out (LIFO) costing.
D) first in first out (FIFO) costing.
2. The purchasing manager of a company wants to minimize stock-outs as well as obsolete inventory. Which of the following tools needs to be implemented?
A) Blanket purchase order
B) Advanced planning and scheduling (APS)
C) Buy-back contracts
D) Business-to-business integration software
3. A large retailer has negotiated buyback contracts with several suppliers. The suppliers typically will need which of the following systems to effectively implement the contracts?
A) Point-of-sale tracking
B) Well-developed reverse logistics
C) Monitoring the retailer's revenue
D) Sales incentives to reward the retailer
4. A company exports products to emerging markets. Which of the following approaches would be used to enhance compliance, minimize risks, and connect supply chain activities?
A) Logistics network planning
B) Distribution requirements planning
C) Supply chain event management
D) Global trade management
5. A company has adequate average available capacity but does not maintain surge capacity. With a distribution route to manage, which of the following actions will provide the most capacity relief?
A) Increasing order-fulfillment lead times
B) Implementing allocation
C) Increasing prices with a 30-day effective date
D) Increasing product queue times
1. Right Answer: B
Explanation:
2. Right Answer: C
Explanation:
3. Right Answer: B
Explanation:
4. Right Answer: D
Explanation:
5. Right Answer: A
Explanation:
Explanation:
2. Right Answer: C
Explanation:
3. Right Answer: B
Explanation:
4. Right Answer: D
Explanation:
5. Right Answer: A
Explanation:
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