Questions:
1. Customized products that are more expensive than standard products do not provide customer value.
2. A value chain is different from a supply chain in that it provides additional value on purchases to the company only.
3. Manufacturing strategies include all of the following except:
1. ___ Build to Order
2. ___ Purchase for Resale
3. ___ Build to Forecast
4. ___ Engineer to Order
5. ___ Assemble to Order
4. Vendor managed inventory implies that the:
1. ___ Vendor manages their own warehouse
2. ___ Vendor manages inventory in their plant for customers
3. ___ Vendor manages the procurement of raw materials to produce products for customers
4. ___ Vendor manages the customer's inventories
5. ___ Vendor manages a customer's warehouse
5. Of the following cultural challenges, which doe not below?
1. ___ Climate
2. ___ Topography
3. ___ Inflation
4. ___ Natural Resources
5. ___ All are important
6. Of the following cultural challenges, which does not belong?
1. ___ Religion
2. ___ Language
3. ___ Race
4. ___ Deflation
5. ___ They all belong
7. The following are infrastructure factors except:
1. ___ Railroads
2. ___ Ports
3. ___ Bridges
4. ___ Roads
5. ___ Space Station
8. Of the following economic challenges, which one is the least common?
1. ___ Balance of payments
2. ___ Inflation
3. ___ Deflation
4. ___ Employment
5. ___ Religion
9. Distribution strategies include the following except:
1. ___ In-house transportation
2. ___ Direct investments
3. ___ Direct sales
4. ___ Wholesalers and distributors
5. ___ Third party providers
10. Which of the following are commonly used hedging strategies?
1. ___ Forward market
2. ___ Money market
3. ___ Currency options
4. ___ A & B
5. ___ All of the above
6. ___ none of the above
11. Which of the following are commonly used inventory management models?
1. ___ Economic Order Quantity (EOQ)
2. ___ Just In Time (JIT)
3. ___ Kanban
4. ___ Two bin
5. ___ Materials Requirements Planning ( MRP)
6. ___ B & D
7. ___ All of the above
12. The following are all common forecasting techniques except:
1. ___ Exponential smoothing
2. ___ Trend extrapolation
3. ___ Simulations
4. ___ Regression analysis
5. ___ Black Sholes model
13. Electronic Data Interchange (EDI) is used to:
1. ___ Convert one's data format to another
2. ___ Withdraw cash from an Automated Teller Machine (ATM)
3. ___ Transmit orders electronically
4. ___ Send money orders internationally
5. ___ Send wire transfers
14. Global positioning satellite systems are used to:
1. ___ Position the globe
2. ___ Track movingvehicles
3. ___ Communicate orders
4. ___ Locate customers
5. ___ Locate warehouse inventory
15. Lack of connectivity is also described as "denial of service"
16. Point of Sale terminals refer to mechanical cash registers.
17. The following are contemporary trends in global value chain management:
1. ___ Automation
2. ___ Virtual integration
3. ___ Disintermediation
4. ___ Differentiation
5. ___ Voice over Internet Protocol
18. Comprehensive web services related to global value chain management include all of the following except:
1. ___ Teleconferencing
2. ___ Virtual integration
3. ___ Internet
4. ___ Electronic markets
5. ___ Voice over Internet Protocol
19. The following are contemporary issues in value chain mangement except:
1. ___ Trust between global value chain partners
2. ___ Resolution
3. ___ Identity theft
4. ___ Reliability
5. ___ Security
20. All of the following enhances the global value chain except:
1. ___ Process versus function
2. ___ Customer centered versus supplier centered
3. ___ Bonus plans for executives
4. ___ Execution versus planning
5. ___ Vendor Managed Inventory