Posted on May 29, 20242nd 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 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 2 / 99 Competitiveness does not include Productivity Effectiveness Profitability operations strategy 3 / 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 4 / 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 5 / 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 6 / 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 7 / 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 8 / 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 9 / 99 Which type of processing system tends to produce the most product variety? Assembly and Batch Job-Shop Project Continuous 10 / 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 11 / 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 12 / 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 13 / 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 14 / 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 15 / 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 16 / 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 17 / 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 18 / 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 19 / 99 In which phase of the development process are all design decisions completed? Schematic design phase Bid phase Design development phase Design review phase 20 / 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 21 / 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 22 / 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 23 / 99 A job shop is an example of a(n): Repetitive process Continuous process Line process Intermittent process 24 / 99 Which of the following is not a process commonly considered in making products or delivering services? Continuous batch and job shop repetitive subcontracting 25 / 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 26 / 99 Which one of the features of e-commerce indicated as it can be everywhere? Ubiquity Interactivity Global Reach Universal Standards 27 / 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 28 / 99 A salesman may be using _____ if he lies to you or makes promises he cannot fulfill. Persuasion Influence Coercion Manipulation 29 / 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 30 / 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 31 / 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 32 / 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 33 / 99 One is not the economic measure among the following? Personal income Job growth Cost under employment Excessive nutrients 34 / 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 35 / 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 36 / 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 37 / 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 38 / 99 MRP is a _____________ function computer-integrated manufacturing in-house logistics and materials management planning production and operation product lifecycle management 39 / 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 40 / 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 41 / 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 42 / 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 43 / 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 44 / 99 Which term refers to the transfer of goods from one mode of transport to another during transit? Cross-docking Transshipment Warehousing Bonded storage 45 / 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 46 / 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 47 / 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 48 / 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 49 / 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 50 / 99 A supply chain driven by actual customer orders or purchases follows a ________ model. push-based continuous delivery replenishment-driven pull-based 51 / 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 52 / 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 53 / 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. 54 / 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 55 / 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 56 / 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 57 / 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 58 / 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 59 / 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 60 / 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 61 / 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 62 / 99 Which one of the following objectives must be a simultaneously achieve to logistical integration? Variance increasing Inventory reduction Responsiveness B and C 63 / 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 64 / 99 The two main styles of research are ______ Vertical & horizontal process Surveys and questionnaires Qualitative and quantitative Sampling and recording 65 / 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 66 / 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 67 / 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 68 / 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 69 / 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 70 / 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 71 / 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 72 / 99 A research paper is a brief report of research work based on _____ Secondary data Primary Data Researchers behavior Both A & B 73 / 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 74 / 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 75 / 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 76 / 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 77 / 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 78 / 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 79 / 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 80 / 99 A supply chain is alternatively referred to by what name? Demand chain Value chain Logistics chain Production chain 81 / 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 82 / 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 83 / 99 OB is the study of _____________ in the organization Human Employer Human Behavior Employees 84 / 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 85 / 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 86 / 99 ______is a group of people who are the focus of the interest of researcher. Sample Survey Population Sampling: population 87 / 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 88 / 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 89 / 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 90 / 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 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 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 93 / 99 Which of the following is an example of a non-documentary trade barrier? Import duties Quotas Bill of lading Rules of origin 94 / 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 95 / 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 96 / 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 97 / 99 Which document is used to prove the value and authenticity of goods? Certificate of origin Bill of lading Commercial invoice Insurance certificate 98 / 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 99 / 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 Your score is 0%
Posted on February 22, 2024March 30, 2024Logistics and supply chain management Model Exit Exam 2016 /96 123456789101112131415161718192021222324252627282930313233343536373839404142434445464748495051525354555657585960616263646566676869707172737475767778798081828384858687888990919293949596 Created by Abeba Takele Logistics and supply chain management Model Exit Exam 2016 Choose the Best Answer From The Alternative Fill the following Name of StudentID NumberModality (egular, Extention or Weekend) Which one is a not logistics performance measurement Financial Measures of Logistics Performance Productivity Measures of Logistics Performance Quality Measures of Logistics Performance Market Distribution Performance Cycles Which one is false about difference between domestic and global logistics integrations is Domestic logistics focuses on performing value-added services to support supply chain integration while global logistics must accommodate operations in a variety of different things Global logistics focuses on performing value-added services to support supply chain integration while domestic logistics must accommodate operations in a variety of different countries Global logistics integration operates in uncontrollable environment while domestic logistics integration the environment which is controllable Global logistics is characterized by increased uncertainty and decreased ability to control while in domestic is not Which one are external integration barriers in logistics? Organization structure Knowledge Hoarding customer needs measurement system Some of the services offered by fourth party logistics (4PL) are Inventory management Freight audit and consulting Shipment tracking and tracing Management of the entire operations Which one of the following is correct about customer accommodation? products or services are more basic than customer needs and requirements Different customers have the same needs and requirements Customer needs and requirements are more basic than products or service Customer accommodation is secondary process of the firm The gap that may exist between customers’ real expectation and managers’ perception of those expectations is Performance gap Knowledge gap Communication gap Standard gap Which one of the following is correct about differences between Forward and reverse logistics? In forward logistics there is a standardized channel but not in reverse logistics In forward logistics transportation is many to one in reverse logistics is transportation is one to many In forward logistics the marketing is complex in reverse logistics clear marketing In forward logistics product quality, packaging, and pricing are not uniform but reverse logistics product quality, packaging, and pricing are relatively uniform Which one are the objectives of supply chain integration Achieve maximum value for customers Achieve maximum value for stakeholders Achieve maximum value for share holders Achieve maximum value for employees In the generic value chain of logistics Inbound and outbound logistics is called A support activity A primary activity Not an activity The only activity Which one of the following are not measures of supply chain operational performance Speed Cost Quality Rigidity Matching the timing of supply with demand requirements by coordinate the flow of materials, products, and information between supply chain partners to reduce duplication and unwanted redundancy to an absolute minimum is Lean logistics logistics synchronization Consolidation shipment Agility in logistics Mr X is electronic products importer into the country. However, he lost documents required for importing that is requested by the custom authority. The intention of the authorities was to check where he brings the products because there are some countries that banned to sell their products to the other countries. Hence, what will be that document that justifies the above statement? Consular invoice Certificate of origin Commercial invoice Pro Forma Invoice An “open account” transaction gives all of the advantages to the Seller Bank Forwarder Buyer The process of overseeing and managing the delivery of goods from origin to destination is Freight forwarding Freight management Custom clearance Shipment management Which one of the following are not types of import customs clearing documents Import License Purchase Order Bill of Lading Bill of exchange Freight classification that treating jewelry and ordinary food items differently is termed as Volume-to-weight ratio Value-to-weight ratio Substitutability Special characteristics When the companies better to use freight forwarders When in house expert is good When the material is accessible in the near place When in-house equipment are full to do international shipping procedure Usually applies to exporting larger volumes of product or high value items Which one is the best known air freight company in the world? DHL global forwarding Mediterranean shipping company China southern airlines Global alliance One of the following is not duties and responsibilities of Ethiopian custom authority to prevent importation and exportation of contraband goods to collect taxes and duties in goods imported and exported to sell or dispose goods without owner to arranging transportation service for shippers A contractual assurance by the foreign buyer's bank to pay once the exporter ships the goods and presents the required documentation to the exporter's bank as evidence is bill of exchange bill of lading letter of credit advance payment Among the following one is not an important factor for freight classification Weight, Length, Height Density and Value Quality of the good Handling and Liability Ethiopian custom route goods entering into or exiting from the country via Somalia is Moyale Togowichale Galaffi Dewelle The correct sequence of supply chain drivers is Production- location-transportation- planning- information Production- location-transportation- inventory- information Production- scheduling-transportation- inventory- information Production- distribution-transportation- inventory- information Supply chain operations that concerns about purchasing, consumption management, vendor selection, contract negotiation and contract management Plan Source Make Deliver The most common dynamics in supply chains is phenomena that have been the bullwhip effect that happens due to small changes in product demand by the consumer at the front of the supply chain translate into wider and wider fluctuates in demand experienced by companies further back in the supply chain. So, among the following one is not major causes of bullwhip effect in the supply chain? Demand forecasting Order batching Product rationing Collaborative Replenishment To create good aggregate plan it is better to use production capacity to match demand by adding or eliminating plant capacity as needed. But, it is risk it doesn’t redeemed the time. So when is best to use production capacity to match demand the cost of carrying inventory is high and the cost of changing capacity plant and workforce is low the cost of carrying inventory is high and the cost of excess capacity is relatively low the cost of capacity and changing capacity is high the cost of carrying inventory and backlogs is relatively low Which one is true about supply chain operation in terms of delivery? involves decisions that determine what activities will be performed in which facilities allocates available capacity to the work that needs to be done generates a purchase order and calls a supplier to fill the order getting the best prices from suppliers Which supply chain operations is part of outbound logistics Plan Source Deliver Make The limiting of products to customers that are in high demand and short supply is Demand Forecasting Order Batching Product Rationing Bull whip Build to stock Performance measures is needed when customized product is ordered by a customer customers need the product in short lead-time customers are tolerated the delay of the product if the product is perishable Forecasting methods that depend up on historical demand pattern is best described by Qualitative Causal Time Series Simulation Safety inventory is intended to compensate for the uncertainty in the supply chain; Seasonal inventory is a compensation for what needed to meet demand in the lead-time anticipation of future demand needed to meet demand when the lead-time is short needed to meet demand when the lead-time is long What is the purpose of collaborative planning, forecasting, and replenishment (CPFR) in supply chain management? To improve internal communication within a company To align supply chain activities with customer demand To establish pricing strategies for products To manage supplier relationships What is the purpose of demand-driven supply chains? To focus on internal production efficiency To increase inventory levels To align supply chain activities with actual customer demand To reduce customer satisfaction Which one of the following is the correct sequence of corporate social responsibility? philanthropic responsibility- economic responsibility- legal responsibility- ethical responsibility economic responsibility- philanthropic responsibility- legal responsibility- ethical responsibility legal responsibility- – philanthropic responsibility- economic responsibility – ethical responsibility economic responsibility- legal responsibility- ethical responsibility- philanthropic responsibility Which one of the following is not allowed in Sustainable Packaging? minimizing the ratio of packaging material to product volume increasing the use of recycled material in products use metal packages to the product reducing energy use in production and consumption of a product Which one of the following is false about sustainable transportation? use electric car use the shortest route consolidated shipment move small cargo There are three main elements of supply chain sustainability are; stakeholders, environmental, and social economic, environmental, and social economic, government, and social economic, environmental and customers Which of the following is NOT a type of supply chain sustainability initiative? Carbon footprint reduction Waste reduction Energy efficiency Maximum profit What is the concept of resilient supply chain in sustainable supply chain management? the ability of the supply chain quickly adapts/recovers to disruptions and maintains operations the focus on cost reduction at all levels of the supply chain the integration of renewable energy sources in to the supply chain operations the focus is to environmental sustainability in supply chain decision making Which one is false about independent and dependent demand inventory? independent demand inventory typically represents the outbound flow of the supply chain and often requires bulk shipments Dependent demand inventory typically represents the inbound flow of the supply chain and often requires bulk shipments Independent demand inventory is an item whose demand is unrelated to other items dependent demand inventory refers to an item whose demand is unrelated to other items Economic order quantity (EOQ) and economic production quantity (EPQ) can share common assumptions except which one Demand for products is known Lead time is constant Products are independent orders received in a single delivery Which one of the following is true about forecasting? Forecasts for individual of items tend to be more accurate than forecasts for group items Forecast accuracy decreases as the time period covered by the forecast increases long-range forecasts are more accurate than shorter-range forecasts Successful forecasting requires intuition Stock discrepancy where the variation between calculated and physical stock is very small compared with the overall quantities involved is Minor discrepancies Major discrepancies Operation discrepancies action discrepancy Kadar has Aqua qorahe water distributor outlet in kebridehar city, in the down town. His annual demand is 20,000 units; the ordering cost is 93 birr and hold/carrying cost 125. So, how much units Kadar should order (EOQ) to minimize cost and increase revenue? 300 units 173 unit 21 unit 205 unit What does the term “Just-in-Time” (JIT) refer to in supply chain management? A production strategy that aims to minimize inventory levels A strategy to increase customer satisfaction A pricing strategy for products A quality control method The term used to describe defined as a system of collaborative inventory management between a buyer and seller is; ABC inventory analysis Vendor managed inventory (VMI) inventory shrinkage inventory control A type of material classification method based on their unit value or rate is called Vital essential, desirable (VED analysis) scarce, difficult, easy (SDE) analysis high, medium, low (HML) analysis fast moving, slow moving, non -moving (FSN analysis) Which one is not about the attributes of negotiation? Discover alternatives for mutual benefit The parties negotiate by consent Negotiation is largely a compulsory process One party cannot negotiate with himself Integrative negotiation is characterized by; Discover alternatives for mutual benefit Modify the other party’s perception of his or her own target The less the other party values an issue To convince the seller to change his resistance point In the fundamental strategies of distributive bargaining, the important tactics that are applied are; Assess the other party’s target, resistance point, and cost of terminating negotiations Define the Problem in a way that is mutually acceptable to both sides Identify and define the problem Avoid judging or evaluating solutions Performance management of contractors involves the following, except the one: performance monitoring collecting data on performance performance measurement Taking appropriate action withholding payments until performance returns to a satisfactory level What is a best alternative to a negotiated agreement (BATNA)? BATNA represents the most attractive option available if negotiations fail BATNA represents the most worst option available if negotiations fail If the buyer has an alternative seller if the current seller fails, that is BANTA for the seller A. If the seller has an alternative buyer if the current buyer fails, that is WANTA for the seller Tactics in negotiation are demonstrated when negotiators conceal their interest in front of the other party is Bogey Nibble Intimidation Good Cop Bad Cop in adversarial tactics of negotiation which of the following reaction and outcome is less likely to happen bad relationship discouragement win-win agreement anger What are the two dilemmas of negotiation? the dilemma of cost and the dilemma of profit margin the dilemma of honesty and the dilemma of trust the dilemma of honesty and the dilemma of profit margin the dilemma of trust and the dilemma of cost The term “contractual remedies” refers to: The penalties imposed on the non-performing party The financial benefits gained from a contract The legal rights and options available to parties in case of a breach The negotiation tactics used to secure a favorable contract The process of actively managing contract performance, including monitoring deliverables and ensuring compliance, is known as Contract administration Contract termination Contract negotiation Contract modification The term “due diligence” in contract management refers to The process of thoroughly investigating and assessing the other party's capabilities and reliability The financial analysis of the contract's performance The negotiation process to ensure fair and equitable terms The legal review of the contract's terms and conditions Public bodies shall use which types of bidding as the ideal procedure of procurement Open Tendering Two-stage Tendering Requests for Proposals Requests for Quotations Which one is false about government procurement plan the time schedule shall be when the supply is widely available in the market consider that the procurement need is eco- friendly the need can be met by using unused resource or property available in the public body A. A Public body shall not split procurements nor deviate from the annual procurement plan once it is approved by the head of the public body A Public body shall issue invitation to bid for a second time under the following circumstances When the first bidder was not competitive to contract the lowest price When the first bidder obedient to the rules and regulations proclaimed by government When the first bidder price is fair and competitive to the current market price Where two bidders get equal merit points in the evaluation If there is no appropriate bidding system in government procurement, then The organization will get quality product The organization will foreign quality product The organization will incur high cost The government will be benefited Restricted tendering is appropriate method of procurement when Due to the urgent nature of the requirement When only one supplier has the exclusive right to the manufacture of the goods The goods, services and works are available locally at prices below international markets Works or services are scattered geographically or spread over time Which one is a not criterion for eligibility requirements for bidder Have the legal capacity to enter into a contract Have not had their business activities suspended Are not subject to legal proceedings Nationality of the bidder where he come If one of the following is there, it is not advised to go into the international market to purchase goods and services When limited domestic capacity When cost factor and market analysis directs to foreign purchasing when the need of superior quality When availability of item domestically is high International tendering process shall be satisfy the following criteria except The bid advertisement and the bidding documents shall be prepared in English the bid advertisement may be posted on the wall of the procuring Public body office if the bidder use local inputs to process the bid, the contract price for local expense shall be stated in birr Bidders getting less than 70% in the evaluation shall be rejected In bid evaluation in international procurement, which one is correct statement The bidder scoring the highest point in the evaluation of the technical proposal with price which is in the capacity of the public body or beyond the capacity of it the bidder scoring the second highest point in the technical proposal to procure the required service if the first scorers price is further than the capacity of the public body the envelopes containing the financial proposals of the unsuccessful bidders shall be compensated the envelopes containing the financial proposals of the unsuccessful bidders shall be not returned to the bidder which one is correct about foreign procurement and domestic procurement there is high complexity in foreign purchasing than domestic purchasing domestic purchasing helps to get abundant of raw materials than foreign purchasing the payment method is the same both in foreign and domestic procurement there are cultural barriers in domestic purchasing than foreign purchasing which one of the following is not compulsory documents in foreign purchasing; Bank permit Import/export license VAT certificate experience The Issuing bank in foreign purchasing is the bank that represents the seller the bank that represents the buyer the bank that advises the seller The bank the make payment to the seller Which of the following is NOT a challenge faced by global supply chains? Language barriers Cultural differences Trade barriers Homogeneous customer needs Which one of the following INCOTREMS is available only for sea and inland waterway? Free On Board ExWorks Carriage Paid To Delivered at Place Specific elements of a security policy who is trying to access the site is Access Control Authentication Secrecy Data integrity Which one of the following is not e- payment methods; Debit card Credit card Visa card Cybercash 1. One frequent problem in supply chain management is the bullwhip effect due to inaccurate information, but, if there is accurate information which one occurred; Cost reduction Information being visible Rapid communication information sharing between members of the supply chain Sending requests for information and prices to suppliers and receiving the responses of suppliers using internet technology is; E-sourcing E-tendering E-reverse auctioning Electronic maintenance If you have water manufacturing company and you have a high market and a good image due to your strong desire for corporate social responsibility. Hence, your company informed customers to return the used bottle to the company with a fair payment to combat climate change. Thus, the return of customers used bottles to the company is related to; Business to Business(B2B) Business to Consumer(B2C) Consumer to Business(C2B) Consumer to Consumer(C2C) the most commonly type of e-commerce model in that helps online businesses attempt to reach individual consumers Business to Business(B2B) Business to Consumer(B2C) Consumer to Business(C2B) Consumer to Consumer(C2C) Which of the following is a benefit of using electronic data interchange (EDI) in supply chain management? Reduced communication costs Increased inventory levels Improved customer satisfaction Enhanced product design collaborative network that uses internet technology to link businesses with their suppliers, customers or other businesses that share common goals internet world wide web intranet extranet Which technology has the potential to revolutionize supply chain transparency by providing an immutable record of transactions? Artificial intelligence (AI) Internet of Things (IoT) Blockchain Virtual reality (VR) Risks and impacts of E-procurement are Software and systems that don't meet companies' needs Standardized and streamlined purchasing practices Improved management information across all areas of purchasing Lower overhead and marketing costs for vendors One of the following is not the reasons behind bank has the right not to approve online financial transaction is; out dated credit line unpaid loans unfinished transactions updated credit line Which of the following is a benefit of implementing a supply chain information system? Increased manual data entry and processing Improved decision-making and efficiency Limited collaboration with suppliers and partners Higher transportation and logistics costs The most important thing in research is Background of the study Identifying the problem Review literature Significance of the study is the device through which the factors that seem to explain what has been observed by researcher in the course of the study can be better understood and it also provides a theoretical conception which can serve as a guide for further researches data collection data analysis report interpretation data tabulation The process of assigning numerals or other symbols to answers so that responses can be put into a limited number of categories or classes is categorized in Coding Classification Tabulation Editing Sampling each element in the population has an equal chance of being included in the sample Systematic sampling Judgmental sampling Convenience sampling Purposive sampling Which one of the following is part of inferential statistics? Mean Median Central tendency Hypothesis testing Among the following one is termed as blue print or glue of research Data sources Research design Statement of the problem Data analysis rejecting the true null hypothesis leads to Type I error Type II error Correct decision False negative Abstract in research is similar with conclusion summary recommendation design The main feature of secondary source of data is It provides first-hand information to the researcher It is more reliable compared to primary data It implies that the data is collected from its original source It involves collecting data from existing sources that had gathered primary data Research process generally starts with Experiments Observation Hypothesis Data Analysis Good research reports will always focus on secondary thins provide results that may be irrelevant focus on addressing the research objectives provide respondents background Your score is LinkedIn Facebook Twitter VKontakte
