Operations & Supply Chain Management | Chapter 1 | Part 4 | MBA MCQs | OSM

Operations and Supply Chain Management MCQs

  

 

1. A supply chain is essentially a sequence of linked:
   1.   customer and prospects
   2.   suppliers and customers
   3.   supplier and manufacturer
   4.   supplier and manufacturer
2. From the economic system's point of view, the role of marketing intermediaries is to transform the
   assortment of products made by producers into the assortment of products wanted by ________Channel
   members.
   1.   manufacturers
   2.   consumers
   3.   distributors
   4.   marketers
3. Intermediaries play an important role in matching ________.
   1.   dealer with customer
   2.   supply and demand
   3.   information and promotion
   4.   manufacturer to product
4. Marketing logistics involves getting the right product to the right customer in the right place at the right
   time. Which one of the following is not included in this process?
   1.   implementing the plan for the flow of goods and services
      \
   2.   gathering customer's ideas for new products
   3.   controlling the physical flow of goods, services, and information
   4.   planning the physical flow of goods and services
5. A supply chain is a sequence of firms that perform activities required:
   1.   to find products that are similar
   2.   to create and deliver goods to consumers
   3.   to create synergy in their training programs
   4.   to facilitate wholesalers inventory selections
6. A supply chain is essentially a sequence of linked:
   1.   customer and prospects
   2.   supplier and manufacturer
   3.   suppliers and customers
   4.   warehousing and wholesaling units
7. Which of the following is not an area of responsibility for a logistics manager?
   1.   inventory
   2.   marketing
   3.   warehousing
   4.   purchasing
8. To reduce inventory management costs, many companies use a system called ________, which involves
   carrying only small inventories of parts or merchandise, often only enough for a few days of operation.
   1.   reduction-inventory management
   2.   just-in-time logistics
   3.   economic order quantity
   4.   supply chain management
9. Companies manage their supply chains through ________.
   1.   information
   2.   competitors
   3.   the Internet
   4.   transportation modes
10. Julie Newmar recognizes that her company needs to provide better customer service and trim distribution
    costs through teamwork, both inside the company and among all the marketing channel organizations. Julie
    will begin the practice of ________.
    1.   intermediation
    2.   supply chain management
    3.   integrated logistics management
    4.   customer relationship management
11. Today, a growing number of firms now outsource some or all of their logistics to ________ intermediaries
    1.   competitors
    2.   third-party logistics providers
    3.   channel members
    4.   cross-functional teams
12. Supply chain concept originated in what discipline?
    1.   marketing
    2.   operations
    3.   logistics
    4.   production
13. restaurant is an example of a
    1.   major service with accompanying goods and services
    2.   hybrid
    3.   pure service
    4.   pure tangible good
14. The supply chain management philosophy emerged in which decade?
    1.   1960s
    2.   1990s
    3.   1980s
    4.   1970s
15. ____________ encompasses all activities associated with the flow and transformation of goods from the
    raw material stage, through to the end user, as well as the associated information flows.
    1.   production line
    2.   marketing channel
    3.   warehouse
    4.   supply chain
16. Which of the following are not key attributes of supply chain management?
    1.   inventory control
    2.   leveraging technology
    3.   all are key attributes
    4.   customer power
17. Positive, long-term relationships between supply chain participants refer to:
    1.   coopetitions
    2.   tailored logistics
    3.   partnerships
    4.   supply chain management
18. The bullwhip effect:
    1.   is an ineffective way to motivate warehouse employees
    2.   refers to variability in demand orders among supply chain participants
    3.   refers to the “swaying” motion associated with triple trailers
    4.   applies to rodeos and has nothing to do with supply chain management
19. The variability in demand orders among supply chain participants:
    1.   cannot be controlled
    2.   refers to the bullwhip effect
    3.   can be controlled with electronic order placement
    4.   is more pronounced in relational exchanges
20. Cooperative supply chain relationships developed to enhance the overall business performance of both
    parties is a definition of:
    1.   third-party logistics
    2.   supply chain collaboration
    3.   dovetailing
    4.   relationship marketing