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Introduction to Operations & Supply Chain Management Chapter Exam

Exam Instructions:

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

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Question 1 1. What does SCM stand for?

Question 2 2. You run one of the departments in a large company that works in government bonds, futures, and other financial papers. One of your coworkers is being tasked with deciding whether or not to invest in an African country that has had a civil war recently, and has been mostly closed off to the media. What would you advise that he do first as he prepares to make his decision?

Question 3 3. What three different perspectives are considered when making a decision?

Question 4 4. What logistics activity involves taking orders?

Question 5 5. What is it called when a company does not align their operations with customer needs and business problems develop?

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Question 6 6. What is another term to describe core competencies?

Question 7 7. What are activities or processes that the firm does better than anyone else?

Question 8 8. The first step in the decision making process is to

Question 9 9. Weighing risk refers to:

Question 10 10. What type of integration ensures that each part of the supply chain is accountable for meeting its own goals?

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Question 11 11. Which of the following are we trying to determine when we talk about weight risk?

Question 12 12. Why are simulations useful?

Question 13 13. Which of the following is not a goal of Supply Chain Management?

Question 14 14. What are limiting factors?

Question 15 15. Laura is developing a place strategy for her new dog grooming service in Beverly Hills. She wants her grooming service to be exclusive, and to provide her customers with unique and highly fashionable dog hair styles. How many numbers of outlets would you recommend to Laura?

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Question 16 16. One of the biggest mistakes a manager can make is to _____.

Question 17 17. Why is a medical exam considered perishable?

Question 18 18. In which industrial sector is Supply Chain Management most common?

Question 19 19. What is a long-term competitive advantage that cannot be easily copied or improved by the competition?

Question 20 20. Which of the following would not be considered a core competency?

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Question 21 21. You work in an IT company that has so far only produced relatively cheap computers. Your company is trying to decide whether it start a new line of products. Why would using a decision tree be useful?

Question 22 22. Which of the following is an example of heterogeneity?

Question 23 23. What is an alignment between a firm and their supply chain materials and service providers?

Question 24 24. What logistics activity involves managing the flow of goods into and out of a warehouse?

Question 25 25. Which of the following best defines payback analysis?

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Question 26 26. What is the best explanation of logistics?

Question 27 27. What is the purpose of analyzing alternatives?

Question 28 28. Inventory control involves which of the following?

Question 29 29. What is supply chain integration?

Question 30 30. The characteristics of marketing a service include all of the following, EXCEPT:

Introduction to Operations & Supply Chain Management Chapter Exam Instructions

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

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