1. The term supply chain generally refers to all the activities involved in supplying an end user with a product or service.
a) True
b) False
2. The inventory turnover is calculated using the annual cost of goods sold and the aggregate inventory value on average.
a) True
b) False
3. bullwhip effect occurs more often when the sole transmission of information occurs by handoffs from one link of the chain to the next.
a) True
b) False
4. Water is a good transportation mode for small, high-value, or perishable items.
a) True
b) False
5.------------------------------- may be thought of as the ability of one organization’s computer to communicate with another’s computer.
a) E-business
b) Electronic data interchange
c) E-commerce
d) Redundancy
6. What term describes the execution of business transactions in a paperless environment, primarily through the Internet?
a) E-business
b) Electronic data interchange
c) Electronic commerce
d) Bar coding