Posted on May 29, 2024 by Abeba Takele2nd Round Logistics and Supply chain Mnanagement Model Exit Exam 171 123456789101112131415161718192021222324252627282930313233343536373839404142434445464748495051525354555657585960616263646566676869707172737475767778798081828384858687888990919293949596979899 2nd Round Logistics and Supply chain Mnanagement Model Exit Exam Choice the Best Answer Name of StudentID NumberModality (egular, Extention or Weekend)Phone Number 1 / 99 Which types of logistics concerned with receiving and storing raw materials and components that are needed for production? Inbound logistics Reverse logistics Outbound logistics Forward logistics 2 / 99 Gourmet Pretzels bakes soft pretzels on an assembly line. It currently bakes 800 pretzels each eight-hour shift. If the production is increased to 1,2… 50 percent 33 percent 25 percent 67 percent 3 / 99 Assume that, AU has recently decided to install a new IT system to improve the efficiency of its payroll function. AU believes this will reduce the cost of running the payroll system by 15%. Which one of the following levels of strategy is the above IT system most closely linked to? Functional strategy Corporate strategy Business strategy Strategic evaluation 4 / 99 Alpha Company has a performance standard of 97% fill rate. Last month it achieved a 94% fill rate. This is an example of… Performance gap Operational performance Supplier operational integration Customer success 5 / 99 Which one of the following wrong procedure in the international competitive bidding? Bidders must be given adequate time to prepare bid documents The bid advertisement shall be published in a newspaper that has wide circulation and accessible to foreign bidders A foreign bidder uses local inputs to satisfy the required object of procurement under the contract The bid advertisement and the bidding documents shall be prepared in local language 6 / 99 Competitiveness does not include Productivity Effectiveness Profitability operations strategy 7 / 99 A supply chain driven by actual customer orders or purchases follows a ________ model. push-based continuous delivery replenishment-driven pull-based 8 / 99 It is cheaper to transport goods in a single 1000 km shipment than in two shipments of 500 km each. Which principle does this refer to? Economies of distance Economies of scale Economies of transport Economies of load 9 / 99 E-commerce payment system in which the buyer is clearly identified and the card is validated against computer of the issuing bank computer before payment is made is known as _____? Identified and online Anonymous and online Identified and offline Anonymous and offline 10 / 99 A research paper is a brief report of research work based on _____ Secondary data Primary Data Researchers behavior Both A & B 11 / 99 The set of shared beliefs and values that underlie a company’s identity is referred to as: Organizational culture Organizational values Organizational mission Organizational beliefs 12 / 99 Which of the following statements about the basic EOQ model is FALSE? If the setup cost were to decrease, the EOQ would fall If annual demand were to double, the number of orders per year would increase If the ordering cost were to increase, the EOQ would rise If annual demand were to double, the EOQ would also double 13 / 99 Which one of the following supply chain phenomena describing small fluctuations in demand at the retail level can cause progressively larger fluctuations in demand at the wholesale, distributor, or raw materials supplier? Lead time Bullwhip effect Price fluctuation Batch ordering 14 / 99 Which of the following is an example of a non-documentary trade barrier? Import duties Quotas Bill of lading Rules of origin 15 / 99 Which one of the following objectives must be a simultaneously achieve to logistical integration? Variance increasing Inventory reduction Responsiveness B and C 16 / 99 The more you can convince the other that you value a particular outcome outside the bargaining range of the other, the more pressure you put on the other party to set by one of the following resistance points: High Low Modest Extreme 17 / 99 Which one of the following economic utilities extremely provided by logistics? Possession and Place utility Form and Time utility Place and Time utility Place and Form utility 18 / 99 Which of the following statement is incorrect regarding PESTEL analysis? PESTEL analysis focuses on analyzing the industry that an organization operates within PESTEL analysis examines the internal and external issues faced by the organization PESTEL analysis is prone to bias, which can reduce its usefulness None 19 / 99 Someone who works at Procter & Gamble, who is responsible for the production, marketing, and profitability of the Tide detergent product line is called a: General manager Line manager Team manager supervisory manager 20 / 99 Which of the following is not a process commonly considered in making products or delivering services? Continuous batch and job shop repetitive subcontracting 21 / 99 Which of the following elements is NOT involved in the controlling process? Measuring actual performance Taking corrective action Determining how to distribute resources Establishing performance standards 22 / 99 Which of the following is not a reason that negotiations fail? Allowing insufficient time for planning Failing to set clear objectives Understanding the strengths and weaknesses of their and the positions other party Depending on being quick and clever during negotiations 23 / 99 Which of the following is not listed as one of the values of service characteristics for transportation? Landed cost Transit time Insurance rate Reliability 24 / 99 Which one of the following statements is false? The Authority may allow cancellation of the goods declaration on good cause prior to the payment of the duty and tax. Any amendment may be made, if authorized by the Authority for any cause. After presentation of goods declaration, with fraudulent intent or gross negligence shall entail penalty Any person having the right to dispose of the goods shall be entitled to act as declarant, and shall be entitled to be represented by a custom clearing agent 25 / 99 Which term refers to the transfer of goods from one mode of transport to another during transit? Cross-docking Transshipment Warehousing Bonded storage 26 / 99 Which one of the following is not the objectives of negotiation? To agree on how to share or divide a limited resource To create something new that neither party could do on his or her own To resolve a problem between the parties To aggravate the disputes between the parties 27 / 99 All are the factors that affect foreign procurement except — Low total landed cost unavoidable duty/tariff Low product volatility, high quality and on-time performance Culture similarities 28 / 99 Which type of items is the appropriate procurement strategy to force competition between suppliers, when there are many suppliers to choose from for these items? Bottleneck items Leverage items Strategic items Noncritical items 29 / 99 Which supply chain strategy would be best when the demand uncertainty is high and firms want to respond to customers quickly? Push-based strategy Agile based strategy Speculation strategy lean strategy 30 / 99 Which one is/are doesn’t explain about narrow span of control More communication between subordinate and superior Short organizational structure and few levels of management Short organizational structure and few levels of management Tall organizational structure and many levels of management 31 / 99 Type of research that aims at finding a solution for an immediate problem faced by any business organization is known as? Applied research Action research Pure Research A&B 32 / 99 The key players in any transportation that takes place within a supply chain are the shipper and the receiver the shipper and the supplier the shipper and the manufacturer the shipper and the carrier 33 / 99 Which one of the following is incorrect about e-commerce? It enables to conducted business across the world It enhances the competitiveness advantage E-commerce is anything digital that a firm owned E-commerce can be everywhere 34 / 99 OB is the study of _____________ in the organization Human Employer Human Behavior Employees 35 / 99 Which one of the following information technology systems, is a highly analytical application whose purpose is to assess plant capacity, material availability, and customer demand? Enterprise resources planning Inventory Management Systems Manufacturing Execution Systems Advanced Planning and Scheduling 36 / 99 Which one of the following characteristics is not necessarily true about groups? Group members are interdependent Groups have two or more members Groups have assigned goals Groups have shared fates 37 / 99 When all the different stages of a supply chain work toward the objective of maximizing total supply chain profitability, rather than each stage devoting itself to its own profitability without considering total supply chain profit, it is known as supply chain coordination forecasting aggregate planning pricing 38 / 99 Which one of the following is not correct about evaluation of tender? Submitted tenders are evaluated against the award criteria described in the tender documentation Submitted tenders are evaluated against the Instructions to bidders described in the tender documentation Advantageous Tender which is a combination of quality and price Suppliers are notified of the outcome and given a written debrief 39 / 99 Senayit Gemechu works as a sales manager at a telecom firm. The company has recently launched a new product in the market. Her work in the next few weeks involves sharing knowledge about the product with her team members. She will also need to inspire them to reach their sales targets and clarify any doubts about the new product. Which of the following roles is Senayit playing? Leader liaison/ negotiator disseminator spokesperson 40 / 99 _____ is the specification of methods and procedures for acquiring the information needed to structure or solve problems. Research Data Research Problem Research Hypothesis Research Design 41 / 99 Which types of information systems produce a variety of information about products and services for internal and external use? Operations Support Systems Decision Support Systems Management Support Systems Executive Information Systems 42 / 99 One is not the economic measure among the following? Personal income Job growth Cost under employment Excessive nutrients 43 / 99 A cost trade-off is a situation where: all costs react according to their individual degrees of inflation in the economy all costs are reflected as a percentage variation from standard costs some costs increase and some costs decrease some costs are eliminated by efficient management controls 44 / 99 Which of the following statements is NOT true regarding supply chain management? Globalization has slowed the growth of supply chain management Supply chain management is a way of viewing operations management Supply chain management has grown as a result of a focus on core competencies Supply chain management is about making the most of relationships with suppliers 45 / 99 A bid may be rejected under all of the following circumstances except cases where: The bidder, or any employee or subcontractor included as part of the bid, has been convicted under the fraud, bribery, fraudulent misrepresentation sections of the Criminal Code of Ethiopia and has not been granted pardon The bidder has performed poorly on other contracts and the department does not want to work with that bidder again The bidder is bankrupt or where, for whatever reason, its activities are rendered inoperable for an extended period Evidence, satisfactory to Ethiopia, of failure to comply with any law protecting individuals against any manner of discrimination has been received with respect to the bidder 46 / 99 All of the following are potential benefits of B2B e-commerce except: increased production flexibility increased product cycle time increased opportunities to collaborate with suppliers and distributors increased visibility and real-time information sharing among all participants in the supply chain network 47 / 99 One key reason for increasing importance of transportation from a supply chain perspective is: cost of gas increased emphasis on global collaborative relationships and outsourcing decrease in the amount of imports green supply chain 48 / 99 ______is a group of people who are the focus of the interest of researcher. Sample Survey Population Sampling: population 49 / 99 Which one of the following is important to provide dependable transportation service and to foster economic development? Economic regulation Economic deregulation Social regulation Social deregulation 50 / 99 The internal growth strategies in which an organization expands itself into different areas, whether related or unrelated to its core business called______. Concentric Diversification Value chain partners Conglomerate diversification Joint venture 51 / 99 Samantha owns a line of shops which sell luxurious cakes and desserts. Most of her ingredients come from Brazil, but a recent increase in tariffs has forced her to think about her supplying options. She is thinking about whether or not to pay for the higher new price or find a new supplier. What does this impact MOST? Quality Procurement Logistics Production 52 / 99 What are the most critical precursors for achieving negotiation objectives? effective strategizing and planning goal setting and target planning defining frames and setting goals framing and strategizing 53 / 99 Ali and Gemechu are both university students studying for a final exam in OB. Both students have a goal of making a grade of 90 percent or better despite the time pressures they seem to be facing. Gemechu studied diligently for six hours and made a grade percent of 92 percent. Ali studied diligently for nine hours and also made a grade of 92 percent. Referring to Scenario 1-3, which of the students was effective Only Gemechu Only Ali Neither Gemechu or Ali Both Gemechu and Ali 54 / 99 A foundry produces circular utility access hatches (manhole covers). If 120 covers are produced in a 10-hour shift, the productivity of the line is 1.2 covers/hr 2 covers/hr 12 covers/hr 1200 covers/hr 55 / 99 The ___________ concept suggests that the customer desires a product offering that is highly tailored to the customer’s exact preferences. market demassification relationship marketing customized customer niche marketing 56 / 99 In which phase of the development process are all design decisions completed? Schematic design phase Bid phase Design development phase Design review phase 57 / 99 One of the current trends in Operations and Supply Chain Management is Sustainable Supply Chain Management, which encourages supply chain managers to consider the three bottom lines listed below, except Environmental Stewardship Economic prosperity Quality management Social responsibility 58 / 99 MRP is a _____________ function computer-integrated manufacturing in-house logistics and materials management planning production and operation product lifecycle management 59 / 99 Felicia manages the training department. She notices that Adam, the training assistant, is bored performing the same, repetitive tasks and often has idle time throughout the day. The low morale of Adam concerns Felicia since he is a good employee. Which of the following actions would BEST address this situation? Micromanage Adam to ensure he is working consistently Redesign the job of Adam responsibilities and tasks Place Adam on probation until he shows improvement Terminate Adam for his lack of enthusiasm 60 / 99 Which of the following supply chain strategies creates value by allowing suppliers to have economies of scale? suppliers becoming part of a company coalition vertical integration long-term partnering with a few suppliers negotiating with many suppliers 61 / 99 A job shop is an example of a(n): Repetitive process Continuous process Line process Intermittent process 62 / 99 _______means that an Ethiopian importer is allowed to use his/her own hard currency for the payment of the goods instead of applying for it and getting it from the government Subsidy Custom free Franco-valuta Non-Tariff 63 / 99 Which type of processing system tends to produce the most product variety? Assembly and Batch Job-Shop Project Continuous 64 / 99 A salesman may be using _____ if he lies to you or makes promises he cannot fulfill. Persuasion Influence Coercion Manipulation 65 / 99 The process of determining what needs to be purchased and when so that it is most helpful to the project is known as what? change review and approval processes procurement planning public relations plans vendor processes 66 / 99 A certain type of computer costs $1,000, and the annual holding cost is 25% of the value of the item. Annual demand is 10,000 units, and the order cost is $150 per order. What is the approximate economic order quantity? 70 110 183 600 67 / 99 Which of the following statements about the class rate system is false? Shipment costs increase in direct proportion to the increase in distance Shippers can reduce their transportation expenses by utilizing fewer, heavier shipments rather than multiple, lighter shipments A commodity’s classification can noticeably impact transportation expenses Origin and destination zip codes are commonly used when calculating a shipment’s total cost 68 / 99 An inventory decision rule states that when the inventory level goes down to 14 gearboxes, 100 gearboxes will be ordered. Which of the following statements is TRUE? One hundred is the reorder point, and 14 is the order quantity Fourteen is the reorder point, and 100 is the order quantity The number 100 is a function of demand during lead time Fourteen is the safety stock, and 100 is the reorder point 69 / 99 What is the purpose of a bill of lading in logistics management? Tracking customer orders Verifying product quality Documenting ownership of goods Coordinating warehouse operations 70 / 99 Quantitative research involves Interviewing people to find out their deeply held views about issues Collecting data in numerical form More rigor than qualitative research Interviewing every member of the target population 71 / 99 A legal document that travels with the shipment and describes exactly what is in the shipment is — certificate of origin Bill of lading Commercial Invoice Fright Invoice 72 / 99 A supply chain is alternatively referred to by what name? Demand chain Value chain Logistics chain Production chain 73 / 99 Which one of the following design options of the transport network is that a truck either delivers a product from a single supplier to multiple retailers or goes from multiple suppliers to a single buyer location? Direct shipment network All shipment via central distribution center Direct shipping with milk runs Shipping via central distribution using milk runs 74 / 99 What is the role of a customs tariff in customs procedures? To track the movement of goods To calculate import duties and taxes To determine the origin of the goods To facilitate cargo insurance coverage 75 / 99 Which one of the following states that end items are to be produced, when these items are needed, and what quantities are needed? Master production schedule Product structure records Inventory status records Bill of materials 76 / 99 What is operations management? What all managers do when they deal with day-to-day activities An organizational function which produces products and services The process of satisfying the needs of internal and external customers The activity of producing products and services 77 / 99 There are five main areas of performance in a logistics measurement system. Which of the five areas measures how cost-effective the organization is at meeting consumer requirements? Asset management Customer service Logistics quality Cost control 78 / 99 Identify the wrong statement regarding contract management and contract administration Contract administration is more strategic than contract management Contract management is broader concept than contract administration Contract management is aimed not at finding fault Contract administration focuses on routine and operational activity 79 / 99 All of the following are typical processes involved in supply chain management except _____. A.   customer-order fulfillment supplier evaluation and selection demand and supply planning cash flow management 80 / 99 Tina is a CEO of a large manufacturing company that she wants to move overseas. The culture there is very different and Tina knows that she has to prepare for the meetings there. Which of the following would be a good solution to one of the first obstacles she is going to encounter? Hiring a tax advisor Lobbying with the government of the country Hiring a translator Hiring an expert on cultural matters 81 / 99 What is the purpose of a packing list in customs procedures? To declare the value of goods To track the movement of goods To calculate shipping costs To describe the contents of a shipment 82 / 99 Sam is a sales manager at a car dealership. He is instituting a salesperson of the month program where the top seller gets a plaque to hang on their office wall along with a free lunch. Sam is using _____ power. Expert Coercive Legitimate Reward 83 / 99 The sales of cycle in a shop in four consecutive months are given as 70, 68, 82, and 95. Exponentially smoothing average method with a smoothing factor of 0.4 is used in forecasting. The expected number of sales in the next month is. 73 85 83 136 84 / 99 Make-to-stock operational strategy is similar to one of the following Supply chain strategies, which one is the SC strategy? Lean SC strategy Agile SC strategy Push SC strategy Postponement SC strategy 85 / 99 What is triple bottom line? An accounting tool that looks at the impact on people, planet, and profits An accounting tool that looks at cost, profit, and loss A management strategy which states all the attention should be on profits A management strategy which focuses on corporate social responsibility 86 / 99 What does the term “free trade zone” refer to? An area where goods can be imported duty-free A trade agreement between two countries A customs procedure for temporary importation of goods A document that allows for simplified customs clearance 87 / 99 The properties of e-money that should be considered in transactions as how well money holds its value over time and how easy money is to store, and access called______. Interoperability Economy Conservation Scalability 88 / 99 The two main styles of research are ______ Vertical & horizontal process Surveys and questionnaires Qualitative and quantitative Sampling and recording 89 / 99 Which supply chain planning function determines how much product is needed to satisfy all customer demands? Order planning Demand planning Just-in-time planning Replenishment planning 90 / 99 What does the consolidation services of a freight forwarder do for the customer? Offers lower costs to importers and exporters while building large margins Offers lower cost to importers and high cost to exporters while building large margins Offers higher costs to importers and exporters while building small margins Offers higher costs to importers and exporters while building large margins 91 / 99 Marisol is using an organizing process in her business. How will the final outcome of this process address position of Marisol as the boss of the company? The controlling function will show her as a command line on the organizational chart The organizational structure will remove her as she delegates her responsibilities The controlling function will identify her as the controller The organizational structure will show her as the top of the chain of command 92 / 99 college or university bookshop wants to get some insights into how students feel about the shop’s merchandise, prices and service. What type of research would be appropriate in the following situation Secondary data Qualitative research Focus groups Quantitative research 93 / 99 All of the following are challenges of Strategic Supply Chain Management, except ________. Mismatch between ordering amount and actual need Product demand uncertainty Supply Chain Resilience and Agility Product demand uncertainty 94 / 99 Which supply chain information system tools are used to automate transactions such as order entry, order processing, transportation, and related financial transactions? Enterprise Resource Planning Electronic Data Interchange Satellite Technology Radio Frequency Exchange 95 / 99 Which one of the features of e-commerce indicated as it can be everywhere? Ubiquity Interactivity Global Reach Universal Standards 96 / 99 One among the following aims to reduce the impact of factors such as pollutants, deforestation, ozone depletion, and global warming affecting the environment Sustainability Supply chain sustainability Reverse logistics Forward logistics 97 / 99 Why is active listening important in integrative bargaining? Because you are listening to truly understand the interests of the other party versus simply thinking of your next response You have to listen hard so you can be ready with a rapid response to keep the other party off balance. You have to act like you are paying attention so the other party does not get angry You have to let the other party finish their thought so that you are not rude. 98 / 99 From the perspective of logistics, customer is ______. A.   End user of product in consumer market Any delivery location in supply chain Intermediate customer organization exist All 99 / 99 Which document is used to prove the value and authenticity of goods? Certificate of origin Bill of lading Commercial invoice Insurance certificate Your score is 0%
