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 70
1. Which of the following statements best describes the goals of strategic sourcing?
A) A purchase strategy that relies heavily on technology to reduce risk
B) A procurement strategy that takes into account the long-term impact on people, profit, and the planet
C) A process of purchasing goods and services aimed at exploiting global efficiencies in production
D) A mechanism for managing external resources to support non-commodity purchases
2. A firm allows its employees to engage in charitable activities during work hours, enforces strict codes of employee conduct, and makes donations of funds and goods to local organizations. Which of the following types of initiatives do these examples represent?
A) Employee ethics
B) Community conduct
C) Backed-by-business
D) Social sustainability
3. The four risks of supply chain risk management are supply, demand:
A) quality, and process
B) value, and sustainability
C) process, and environmental
D) value, and environmental
4. A key to increasing supply chain management integration is to:
A) have critical component suppliers share in strategy implementation
B) incorporate enterprise resource planning (ERP)
C) utilize warehouse management systems (WMS)
D) push demand throughout the supply chain
5. A possible risk of licensing other companies to manufacture products is:
A) losing market share
B) the other companies becoming competitors
C) the products becoming a commodity
D) the products being overpriced
A) A purchase strategy that relies heavily on technology to reduce risk
B) A procurement strategy that takes into account the long-term impact on people, profit, and the planet
C) A process of purchasing goods and services aimed at exploiting global efficiencies in production
D) A mechanism for managing external resources to support non-commodity purchases
2. A firm allows its employees to engage in charitable activities during work hours, enforces strict codes of employee conduct, and makes donations of funds and goods to local organizations. Which of the following types of initiatives do these examples represent?
A) Employee ethics
B) Community conduct
C) Backed-by-business
D) Social sustainability
3. The four risks of supply chain risk management are supply, demand:
A) quality, and process
B) value, and sustainability
C) process, and environmental
D) value, and environmental
4. A key to increasing supply chain management integration is to:
A) have critical component suppliers share in strategy implementation
B) incorporate enterprise resource planning (ERP)
C) utilize warehouse management systems (WMS)
D) push demand throughout the supply chain
5. A possible risk of licensing other companies to manufacture products is:
A) losing market share
B) the other companies becoming competitors
C) the products becoming a commodity
D) the products being overpriced
1. Right Answer: B
Explanation: Reference:https://www.michiganstateuniversityonline.com/resources/supply-chain/why-companies-should-consider-strategic-sourcing/
2. Right Answer: D
Explanation: Reference:https://elearning.scranton.edu/resource/business-leadership/five-ways-corporate-social-responsibility-promotes-sustainable-business
3. Right Answer: D
Explanation: Reference:https://global.hitachi-solutions.com/blog/supply-chain-risk-management
4. Right Answer: B
Explanation: Reference:https://www.compudata.com/understanding-the-role-of-erp-in-supply-chain-management/
5. Right Answer: B
Explanation:
Explanation: Reference:https://www.michiganstateuniversityonline.com/resources/supply-chain/why-companies-should-consider-strategic-sourcing/
2. Right Answer: D
Explanation: Reference:https://elearning.scranton.edu/resource/business-leadership/five-ways-corporate-social-responsibility-promotes-sustainable-business
3. Right Answer: D
Explanation: Reference:https://global.hitachi-solutions.com/blog/supply-chain-risk-management
4. Right Answer: B
Explanation: Reference:https://www.compudata.com/understanding-the-role-of-erp-in-supply-chain-management/
5. Right Answer: B
Explanation:
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