11 May QuestionQuestion 1 Consider a packaged milk products supply chain. A lum
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 con
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