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 73
1. A supplier is offering a price discount if more is ordered at one time. The offer should be analyzed to determine if a larger order is appropriate considering:
A) the impact of the increase in average inventory levels on ABC designations
B) the reduction in material cost compared to the impact on total holding costs
C) the impact of additional items on indirect costs
D) the increase in transportation costs compared to the reduction in ordering cost
2. The Global Reporting Initiative (GRI) economic scope includes economic performance, market presence and:
A) product labeling practices
B) quality practices
C) legal practices
D) procurement practices
3. A company recently announced a recall of imported lead-tainted toys sold through a network of retailers. The recall is related to which of the following attributes of an agile supply chain?
A) Visibility
B) Variability
C) Value
D) Velocity
4. Producing finished goods in a manufacturing environment has which of the following financial impacts?
A) Conversion of assets to overhead costs
B) Conversion of overhead costs to assets
C) Conversion of overhead costs to liabilities
D) Conversion of assets to equity
5. Which of the following arguments are made against traditional accounting methods for logistics expenses to an organization?
A) They are more difficult to accumulate
B) They overstate the costs of logistics
C) They obscure important costs
D) They incorrectly state the timing of logistics costs
A) the impact of the increase in average inventory levels on ABC designations
B) the reduction in material cost compared to the impact on total holding costs
C) the impact of additional items on indirect costs
D) the increase in transportation costs compared to the reduction in ordering cost
2. The Global Reporting Initiative (GRI) economic scope includes economic performance, market presence and:
A) product labeling practices
B) quality practices
C) legal practices
D) procurement practices
3. A company recently announced a recall of imported lead-tainted toys sold through a network of retailers. The recall is related to which of the following attributes of an agile supply chain?
A) Visibility
B) Variability
C) Value
D) Velocity
4. Producing finished goods in a manufacturing environment has which of the following financial impacts?
A) Conversion of assets to overhead costs
B) Conversion of overhead costs to assets
C) Conversion of overhead costs to liabilities
D) Conversion of assets to equity
5. Which of the following arguments are made against traditional accounting methods for logistics expenses to an organization?
A) They are more difficult to accumulate
B) They overstate the costs of logistics
C) They obscure important costs
D) They incorrectly state the timing of logistics costs
1. Right Answer: A
Explanation: Reference:https://www.slideshare.net/UmairArain2/supply-chain-management-chap-11
2. Right Answer: D
Explanation: Reference:https://www.globalreporting.org/standards/media/1378/item-05-background-on-review-of-gri-201-economic-performance.pdf
3. Right Answer: C
Explanation: Reference:https://www.foodlogistics.com/safety/blog/21033145/qad-inc-how-a-connected-supply-chain-can-minimize-the-effects-of-a-recall
4. Right Answer: C
Explanation: Reference:https://opentextbc.ca/principlesofaccountingv2openstax/chapter/explain-and-identify-conversion-costs-2/
5. Right Answer: C
Explanation: Reference:https://www.researchgate.net/publication/261631481_Supply_Chain_Management_and_Management_Accounting_A_Case_Study_of_Activity-Based_Costing
Explanation: Reference:https://www.slideshare.net/UmairArain2/supply-chain-management-chap-11
2. Right Answer: D
Explanation: Reference:https://www.globalreporting.org/standards/media/1378/item-05-background-on-review-of-gri-201-economic-performance.pdf
3. Right Answer: C
Explanation: Reference:https://www.foodlogistics.com/safety/blog/21033145/qad-inc-how-a-connected-supply-chain-can-minimize-the-effects-of-a-recall
4. Right Answer: C
Explanation: Reference:https://opentextbc.ca/principlesofaccountingv2openstax/chapter/explain-and-identify-conversion-costs-2/
5. Right Answer: C
Explanation: Reference:https://www.researchgate.net/publication/261631481_Supply_Chain_Management_and_Management_Accounting_A_Case_Study_of_Activity-Based_Costing
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