7/30/2021 Multiple Choice Quiz

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Chapter 15
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The correct answer for each question is indicated by a .

1 The purchasing cycle ends with:

INCORRECT
A) the purchase order.

B) the receipt of the item in question.

C) the selection of a supplier.

D) the payment for the item in question.

2 With which of these functional areas would the purchasing function be unlikely to interact?
INCORRECT
A) operations

B) accounting

C) marketing

D) receiving
3 Companies should formulate ethical supply chain codes that cover such issues as the:
INCORRECT
A) product cost.

B) payment policies.

C) fill rate expectations.

D) environment.
4 Relative to large firms, small businesses tend to be less effective at supply chain management, particularly with regard to:
INCORRECT
A) outsourcing.

B) fill rates.

C) risk management.

D) currency vulnerabilities
5 CORRECT Strategic sourcing differs from more traditional sourcing in that it emphasizes __________ rather than __________.

A) quality; flexibility

B) total cost; price

C) multiple vendors; single vendors

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7/30/2021 Multiple Choice Quiz
D) global purchasing; local purchasing
6 CORRECT The term bullwhip effect is most closely related to:

A) assertive customers.

B) demand variations.

C) inventory turnover.

D) return of inventory.

E) inventory security.
7 Cross-docking results in cost savings associated with:
INCORRECT
A) dock space.

B) ordering goods.

C) cargo ships.

D) storage space.

E) downtime.
8 CORRECT Which one of these is not necessarily a requirement of effective supply chain management?

A) low cost

B) trust

C) event management

D) visibility
9 The term 3PL is most closely associated with
INCORRECT
A) outsourcing.

B) e-commerce.

C) learning curves.

D) mass customization.

E) cross-docking.
10 The letters RFID are most closely associated with
CORRECT
A) outsourcing.

B) tracking items.

C) cross-docking.

D) event management.
11 Which one of these would tend to lead to increased inventory costs?
CORRECT
A) disintermediation

B) delayed differentiation

C) cross-docking

D) bullwhip effect
12 Which one is not a reason for increased emphasis on supply chain management?
INCORRECT
A) increased levels of outsourcing

B) increased transportation costs

C) trends toward globalization

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D) the need to improve internal operations

13 Which one of these best describes disintermediation?
CORRECT
A) the mediation of supply chain disputes by a disinterested third party

B) elimination of supply chain middlemen

C) delayed differentiation

D) overcoming the bullwhip effect

14 Which one of these relates to avoiding warehousing and holding costs?
INCORRECT
A) cross docking

B) delayed differentiation

C) disintermediation

D) gatekeeping

E) strategic partnering
15 Which one refers to reverse logistics?
INCORRECT
A) cross docking

B) delayed differentiation

C) customer refusal to accept damaged goods

D) returned goods

E) retracing the steps in a supply chain

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