Easy
KEYWORDS:
Bloom’s: Remembering
OTHER:
Analytic
NOTES:
1
28. Instead of adversarial relationships which characterize _____, _____ features a long-term, win-win relationship between a buying company and specially selected suppliers.
a.
traditional purchasing….supply management
b.
traditional purchasing….logistics management
c.
supply management….traditional purchasing
d.
strategic sourcing….supply management
e.
supply chain management….strategic sourcing
ANSWER:
a
DIFFICULTY:
Moderate
KEYWORDS:
Bloom’s: Understanding
OTHER:
Analytic
NOTES:
1
29. A _____ is a set of three or more organizations linked directly by one or more of the upstream or downstream flows of products, services, finances, and information from a source to a customer.
a.
process
b.
manufacturing system
c.
value chain
d.
social media chain
e.
supply chain
ANSWER:
e
DIFFICULTY:
Easy
KEYWORDS:
Bloom’s: Remembering
OTHER:
Analytic
NOTES:
2
30. All of the following are typical processes involved in supply chain management except _____.
a.
new-product development
b.
customer-order fulfillment
c.
supplier evaluation and selection
d.
demand and supply planning
e.
cash flow management
ANSWER:
e
DIFFICULTY:
Easy
KEYWORDS:
Bloom’s: Remembering
OTHER:
Analytic
NOTES:
2
31. According to Michael Porter, a firm’s _____ is composed of primary and secondary support activities that can lead to competitive advantage when configured properly.
a.
supply chain
b.
process
c.
value chain
d.
marketing channel
e.
core competency
ANSWER:
c
DIFFICULTY:
Easy
KEYWORDS:
Bloom’s: Remembering
OTHER:
Analytic
NOTES:
2
32. The _____ states that success is a function of effectively managing a linked group of firms past first-level suppliers or customers.
a.
supply chain orientation
b.
value chain concept
c.
traditional purchasing perspective
d.
extended enterprise concept
e.
process orientation
ANSWER:
d
DIFFICULTY:
Moderate
KEYWORDS:
Bloom’s: Remembering
OTHER:
Analytic
NOTES:
2
33. _____ are those items provided by suppliers and used directly during production or service delivery.
a.
Direct materials
b.
Indirect materials
c.
Indirect services
d.
Internal materials
e.
Vendor managed inventories
ANSWER:
a
DIFFICULTY:
Easy
KEYWORDS:
Bloom’s: Remembering
OTHER:
Analytic
NOTES:
2
34. Which of the following is an example of a purchased direct item for a manufacturing firm?
a.
Parts and components.
b.
Travel.
c.
Office and janitorial supplies.
d.
Advertising and media.