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 82
1. Which of the following characteristics are reflective of a resilient supply chain?
A) Proactive in anticipating events and fast recovery from undesirable events
B) Reactive in anticipating events and fast recovery from undesirable events
C) Proactive in anticipating events and slow recovery from undesirable events
D) Reactive in anticipating events and slow recovery from undesirable events
2. In order to achieve economies of scale, a manufacturer is interested in producing large quantities. Which of the following functions of inventory will assist the manufacturer in achieving this goal?
A) Geographical specialization
B) Decoupling
C) Balancing supply and demand
D) Buffering uncertainty
3. A lean supply chain transformation initiative requires:
A) external resources
B) top management commitment
C) social responsibility
D) positive return on investment (ROI)
4. Interpersonal communication skills and negotiation with suppliers is important because it:
A) enables the buying organization to partner with suppliers
B) drives higher price breaks and lot size discounts
C) allows the most competitive suppliers to remain viable
D) is essential to achieve cost-cutting targets
5. Which of the following characteristics typically is required for a collaborative strategic relationship?
A) High levels of trust
B) History of successful collaboration
C) Awareness of cultural differences
D) Formal contracts defining the relationship
A) Proactive in anticipating events and fast recovery from undesirable events
B) Reactive in anticipating events and fast recovery from undesirable events
C) Proactive in anticipating events and slow recovery from undesirable events
D) Reactive in anticipating events and slow recovery from undesirable events
2. In order to achieve economies of scale, a manufacturer is interested in producing large quantities. Which of the following functions of inventory will assist the manufacturer in achieving this goal?
A) Geographical specialization
B) Decoupling
C) Balancing supply and demand
D) Buffering uncertainty
3. A lean supply chain transformation initiative requires:
A) external resources
B) top management commitment
C) social responsibility
D) positive return on investment (ROI)
4. Interpersonal communication skills and negotiation with suppliers is important because it:
A) enables the buying organization to partner with suppliers
B) drives higher price breaks and lot size discounts
C) allows the most competitive suppliers to remain viable
D) is essential to achieve cost-cutting targets
5. Which of the following characteristics typically is required for a collaborative strategic relationship?
A) High levels of trust
B) History of successful collaboration
C) Awareness of cultural differences
D) Formal contracts defining the relationship
1. Right Answer: A
Explanation: Reference:https://www.google.com/search?client=ubuntu&hs=otO&channel=fs&sxsrf=ALeKk026VkxsYFVUbIfkI3jzruYNCMm6nw%3A1606333445888&ei=BbS-X4DkNciDhbIPz4q7sAk&q=resilient+supply+chain+Proactive+in+anticipating+events+and+fast+recovery+from+undesirable+events&oq=resilient+supply+chain+Proactive+in+anticipating+events+and+fast+recovery+from+undesirable+events&gs_lcp=CgZwc3ktYWIQAzIFCAAQyQMyAggAMgcIABAUEIcCMgIIADICCAAyAggAMgIIADICCAAyAggAMgIIADoECAAQR1C9sRBYsc0QYJHOEGgAcAJ4AYABlgiIAeQekgEJNC0yLjIuMS4xmAEAoAEBoAECqgEHZ3dzLXdpesgBCMABAQ&sclient=psy-ab&ved=0ahUKEwjA- rqzup7tAhXIQUEAHU_FDpYQ4dUDCAw&uact=5
2. Right Answer: C
Explanation:
3. Right Answer: B
Explanation:
4. Right Answer: B
Explanation:
5. Right Answer: A
Explanation: Reference:https://www.researchgate.net/publication/287813045_Supply_Chain_A_Shift_from_Transactional_to_Collaborative_Partnerships
Explanation: Reference:https://www.google.com/search?client=ubuntu&hs=otO&channel=fs&sxsrf=ALeKk026VkxsYFVUbIfkI3jzruYNCMm6nw%3A1606333445888&ei=BbS-X4DkNciDhbIPz4q7sAk&q=resilient+supply+chain+Proactive+in+anticipating+events+and+fast+recovery+from+undesirable+events&oq=resilient+supply+chain+Proactive+in+anticipating+events+and+fast+recovery+from+undesirable+events&gs_lcp=CgZwc3ktYWIQAzIFCAAQyQMyAggAMgcIABAUEIcCMgIIADICCAAyAggAMgIIADICCAAyAggAMgIIADoECAAQR1C9sRBYsc0QYJHOEGgAcAJ4AYABlgiIAeQekgEJNC0yLjIuMS4xmAEAoAEBoAECqgEHZ3dzLXdpesgBCMABAQ&sclient=psy-ab&ved=0ahUKEwjA- rqzup7tAhXIQUEAHU_FDpYQ4dUDCAw&uact=5
2. Right Answer: C
Explanation:
3. Right Answer: B
Explanation:
4. Right Answer: B
Explanation:
5. Right Answer: A
Explanation: Reference:https://www.researchgate.net/publication/287813045_Supply_Chain_A_Shift_from_Transactional_to_Collaborative_Partnerships
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