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
Abeba Takele
