26 May Question Question 1 Consider a packaged milk products supply cha
Question
Question 1
Consider a packaged milk products supply chain. A lumber company provides wood to a paper mill, who supplies cardboard to a container manufacturer, who supplies containers to the milk products manufacturer. The lumber company is:
Answer
a tier one supplier.
a tier two supplier.
a tier three supplier.
a tier four supplier.
not in the supply chain.
2.5 points
Question 2
Which term refers to inaccurate or distorted demand information created in the supply chain?
Answer
Battle axe effect
Cobra effect
Bullwhip effect
Lasso effect
Whirlpool effect
2.5 points
Question 3
Which of the following is not one of the four major causes of the bullwhip effect?
Answer
Demand forecast updating
Order batching
Price fluctuations
The business cycle
Rationing and shortage gaming
2.5 points
Question 4
When do rationing and shortage gaming occur?
Answer
Supply exceeds demand.
Demand exceeds supply.
Government contracts are awarded.
Transportation workers go on strike.
Marginal revenue exceeds marginal cost.
2.5 points
Question 5
Online retailing, or B2C, has shifted:
Answer
the cost of doing business.
the power from the suppliers to the consumers.
the way the internet works.
internal corporate power to the IT department.
corporate funding levels to the IT department.
2.5 points
Question 6
What refers to owning or controlling sources of raw materials and components?
Answer
Backward integration
Horizontal integration
Encapsulating integration
Forward integration
Subsuming integration
2.5 points
Question 7
According to several studies, what are the three most important criteria for selecting suppliers?
Answer
Price, quality, fast delivery
Quality, fast delivery, on-time delivery
Price, flexibility, on-time delivery
Quality, flexibility, fast delivery
Price, quality, on-time delivery
2.5 points
Question 8
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