Question 1

A major aspect of planning involves developing a set of metrics to monitor the supply chain.

Accepted Answer

A) True 
 B)False  True

Question 2

Which of the following are defined as core goods?

Accepted Answer

A)  Chemicals 
B)  Airlines 
C)  Data storage systems 
D)  Hotels 
E)  None of these 
A)  Chemicals 
B)  Airlines 
C)  Data storage systems 
D)  Hotels 
E)  None of these C

Question 3

Which of the following is the most appropriate regarding Inventory turnover? 
A. Inventory turnover increases as average inventory decreases, while other things remain the same.
B. Inventory turnover is an efficiency measure.
C. Inventory turnover is unaffected by changes in annual sales.

Accepted Answer

A)  Choice A 
B)  Choice B 
C)  Choice C 
D)  Choice A and B only. 
E)  Choice A, B and C will hold. 
A)  Choice A 
B)  Choice B 
C)  Choice C 
D)  Choice A and B only. 
E)  Choice A, B and C will hold. D

Question 4

"Supply Chain" includes only inbound freight and inventory.

Accepted Answer

A) True 
 B)False

Question 5

Sustainability is the ability to maintain profits in a system.

Accepted Answer

A) True 
 B)False

Question 6

Services are homogeneous.

Accepted Answer

A) True 
 B)False

Question 7

Core service providers integrate tangible goods into their product.

Accepted Answer

A) True 
 B)False

Question 8

Services are intangible processes that cannot be weighed or measured.

Accepted Answer

A) True 
 B)False

Question 9

Which of the following is a measure of operations and supply management efficiency used by Wall Street?

Accepted Answer

A)  Dividend payout ratio 
B)  Current ratio 
C)  Receivables turnover 
D)  Earnings per share growth 
E)  Financial leverage 
A)  Dividend payout ratio 
B)  Current ratio 
C)  Receivables turnover 
D)  Earnings per share growth 
E)  Financial leverage

Question 10

A bank branch manager position is not an OSCM-type of job.

Accepted Answer

A) True 
 B)False

Question 11

The supply chain processes mentioned in the textbook are: planning, sourcing, delivering, and returning.

Accepted Answer

A) True 
 B)False

Question 12

Operations and supply chain processes can be conveniently categorized as planning, sourcing, making, and delivering.

Accepted Answer

A) True 
 B)False

Question 13

Efficiency means doing the right things to create the most value for the company.

Accepted Answer

A) True 
 B)False

Question 14

The term "electronic commerce" refers to the use of the internet as an essential element of business activity.

Accepted Answer

A) True 
 B)False

Question 15

Although planning involves determining how the various supply chain processes (sourcing, making, delivering, and returning) will be met, planning itself is not considered a supply chain process.

Accepted Answer

A) True 
 B)False

Question 16

One reason for studying operations and supply chain management (OSCM) is which of the following?

Accepted Answer

A)  OSCM is essential for understanding organizational behavior 
B)  Most business graduates do OSCM work regardless of their job title 
C)  All managers should understand the basic principles that guide the design of transformation processes. 
D)  OSCM is a required course in all business degree programs 
E)  OSCM is the most rigorous business discipline 
A)  OSCM is essential for understanding organizational behavior 
B)  Most business graduates do OSCM work regardless of their job title 
C)  All managers should understand the basic principles that guide the design of transformation processes. 
D)  OSCM is a required course in all business degree programs 
E)  OSCM is the most rigorous business discipline

Question 17

Delivering is not considered in supply chain analysis when outside carriers are contracted to move products to customers.

Accepted Answer

A) True 
 B)False

Question 18

Service innovations can be patented.

Accepted Answer

A) True 
 B)False

Question 19

Supply networks cannot be constructed for every product or service.

Accepted Answer

A) True 
 B)False

Question 20

"Business Analytics" involves the analysis of data through a unique combination of linear programming, game theory, and queuing theory to better solve business problems.

Accepted Answer

A) True 
 B)False

A major aspect of planning involves developing a set of metrics to monitor the supply chain.

Which of the following are defined as core goods?

Which of the following is the most appropriate regarding Inventory turnover? A. Inventory turnover increases as average inventory decreases, while other things remain the same. B. Inventory turnover is an efficiency measure. C. Inventory turnover is unaffected by changes in annual sales.

"Supply Chain" includes only inbound freight and inventory.

Sustainability is the ability to maintain profits in a system.

Services are homogeneous.

Core service providers integrate tangible goods into their product.

Services are intangible processes that cannot be weighed or measured.

Which of the following is a measure of operations and supply management efficiency used by Wall Street?

A bank branch manager position is not an OSCM-type of job.

The supply chain processes mentioned in the textbook are: planning, sourcing, delivering, and returning.

Operations and supply chain processes can be conveniently categorized as planning, sourcing, making, and delivering.

Efficiency means doing the right things to create the most value for the company.

The term "electronic commerce" refers to the use of the internet as an essential element of business activity.

Although planning involves determining how the various supply chain processes (sourcing, making, delivering, and returning) will be met, planning itself is not considered a supply chain process.

One reason for studying operations and supply chain management (OSCM) is which of the following?

Delivering is not considered in supply chain analysis when outside carriers are contracted to move products to customers.

Service innovations can be patented.

Supply networks cannot be constructed for every product or service.

"Business Analytics" involves the analysis of data through a unique combination of linear programming, game theory, and queuing theory to better solve business problems.

Strategy and Sustainability

Forecasting

Strategic Capacity Management

Projects

Manufacturing Processes

Service Processes

Sales and Operations Planning

Material Requirements Planning

Quality Management and Six Sigma

Inventory Management

Lean Supply Chains

Global Sourcing and Procurement

Location, Logistics, and Distribution

Filters

Exam 1: Operations and Supply Chain Management

A major aspect of planning involves developing a set of metrics to monitor the supply chain.

Which of the following are defined as core goods?

Which of the following is the most appropriate regarding Inventory turnover? A. Inventory turnover increases as average inventory decreases, while other things remain the same. B. Inventory turnover is an efficiency measure. C. Inventory turnover is unaffected by changes in annual sales.

"Supply Chain" includes only inbound freight and inventory.

Sustainability is the ability to maintain profits in a system.

Services are homogeneous.

Core service providers integrate tangible goods into their product.

Services are intangible processes that cannot be weighed or measured.

Which of the following is a measure of operations and supply management efficiency used by Wall Street?

A bank branch manager position is not an OSCM-type of job.

The supply chain processes mentioned in the textbook are: planning, sourcing, delivering, and returning.

Operations and supply chain processes can be conveniently categorized as planning, sourcing, making, and delivering.

Efficiency means doing the right things to create the most value for the company.

The term "electronic commerce" refers to the use of the internet as an essential element of business activity.

Although planning involves determining how the various supply chain processes (sourcing, making, delivering, and returning) will be met, planning itself is not considered a supply chain process.

One reason for studying operations and supply chain management (OSCM) is which of the following?

Delivering is not considered in supply chain analysis when outside carriers are contracted to move products to customers.

Service innovations can be patented.

Supply networks cannot be constructed for every product or service.

"Business Analytics" involves the analysis of data through a unique combination of linear programming, game theory, and queuing theory to better solve business problems.

Strategy and Sustainability

Forecasting

Strategic Capacity Management

Projects

Manufacturing Processes

Service Processes

Sales and Operations Planning

Material Requirements Planning

Quality Management and Six Sigma

Inventory Management

Lean Supply Chains

Global Sourcing and Procurement

Location, Logistics, and Distribution

Filters