Download SCM 186 EXAM QUESTIONS AND ANSWERS 100% VERIFIED and more Exams Supply Management in PDF only on Docsity!
SCM 186 EXAM QUESTIONS AND ANSWERS 100% VERIFIED
Which of these is NOT one of the 10 strategic OM decisions? A.-marketing B.-managing quality C.-scheduling D.-layout strategies - ANSWER A
The father of scientific management is A.-Henry Ford. B.-Henry L. Gantt. C.-Eli Whitney. D.-Frederick W. Taylor. - ANSWER D
Which of the following is NOT a characteristic of services? A.-intangible B.-standardized product C.-unique D.-produced and consumed simultaneously - ANSWER B
Each Hard Rock Café goes through a complete change of ________ every 5-7 years. A.-merchandise B.-memorabilia C.-team leaders D.-menu items - ANSWER B
Which of these statements accurately captures a current trend in operations? A.-Rapid product development. B.-Jobs are increasingly specialized as workers focus on basic assembly tasks. C.-Mass production at the expense of product variety. D.-There is increased focus on local market and local competition. - ANSWER A
What percentage of Hard Rock's profit is derived from retail shop sales? A.-75% B.-25% C.-50% .D.-10% - ANSWER C
Which of the following is NOT one of the four reasons that we study OM? A.-We want to know how goods and services are produced. B.-It is such a costly part of an organization. C.-We want to understand what marketing managers do. D.-it is one of the three major functions of any organization. - ANSWER C
Which appears to provide the best opportunity for increases in productivity? A. capital B. labor C. raw materials D. management - ANSWER D
C.
market survey D. Delphi method - ANSWER A
What mathematical technique is used when planning menu changes? A. standard error of the estimate B. multiple-regression analysis C. correlation analysis Your answer is not correct.D. exponential smoothing - ANSWER B
The goal of CPFR is to A. create good relations with suppliers. B. determine which model needs to be used to predict future events. C. create significantly more accurate information that can power the supply chain. D. ensure product innovation. - ANSWER C
What is a data pattern that repeats itself after a period of days, weeks, months, or quarters?
A.
trend B. cycle C. seasonality D. random variation - ANSWER C
Which of the following is a reality each company faces regarding its forecasting system? A. After automating their predictions using computerized forecasting software, firms closely monitor only the product items whose demand is stable. B. Product family forecast are less accurate than individual product forecasts. C. Outside factors that we cannot predict or control often impact the forecast. D. Most forecasting techniques assume there is no underlying stability in the system. - ANSWER C
A forecasting technique consistently produces a negative tracking signal. This means that A. the MAPE will also consistently be negative. B. the forecasting technique consistently under-predicts. C.
B.
revenue. C. StubHub price. D. opponent rating. E. None of the above. - ANSWER B
What is a data pattern that repeats itself after a period of days, weeks, months, or quarters? A. random variation B. seasonality C. trend .D. cycle - ANSWER B
What is developing the ability to produce goods or services previously purchased or actually buying a supplier or a distributor? A.-outsourcing B.-vertical integration C.-virtual companies D.-horizontal integration - ANSWER B
Which of the following statements is NOT true?
A.-An increased sales effort may help a firm reach its profit goals more easily than would effective cost cutting. .B.-Supply chain management describes the coordination of all supply chain activities, starting with raw materials, and ending with a satisfied customer. C.-A supply chain includes suppliers; manufacturers and/or service providers; and distributors, wholesalers, and/or retailers who deliver the product and/or service to the final customer. D.-The objective of supply chain management is to coordinate activities within the supply chain to maximize the supply chain's competitive advantage and benefits to the ultimate consumer. - ANSWER A
Which of the following statements is NOT one of the response strategy decisions? A.-gather and communicate market research data B.-low setup time C.-fast transportation D.-use buffer stocks to ensure speedy supply - ANSWER A
What is a long-term purchase commitment to a supplier for items that are to be delivered against short-term releases to ship? A.-blanket order B.-drop shipping C.-postponement D.-advanced shipping notice - ANSWER A
Which of the following mitigation tactics could reduce economic risk? A.-purchasing contracts that address price fluctuations B.-subcontractors on retainer C.-franchising and licensing D.-multiple transportation modes and warehouses - ANSWER A
B.-Prices are based upon supplier costs. C.-Prices float based on what the customer is willing to pay. D.-Prices are based in some way upon market standards agreed to by both supplier and purchaser. - ANSWER B
The latest finish of an activity is A.-LFminusActivity time. B.-Min{LS of all immediate following activities}. C.-Max{EF of all immediate predecessors}. D.-ES + Activity time. - ANSWER B
The three phases involved in the management of large projects are A.-planning, scheduling, and evaluating. B.-scheduling, designing, and operating. C.-scheduling, operating, and evaluating. D.-planning, scheduling, and controlling. - ANSWER D
Which of the following activities are NOT part of project scheduling? A.-Compute resources needed at each stage of production. B.-Chart separate schedules for personnel needs by type of skill and materials needs. C.-Decide how long each activity will take. D.-Make sure all necessary activities are finished in proper sequence and on time. - ANSWER D
Which of the following is NOT an element used to compute crash cost per period? A.-optimistic time B.-standard time C.-crash cost
D.-crash time - ANSWER A
Which of these statements is NOT true about project scheduling? A.-Project scheduling shows the relationship of each activity to others. B.-Project scheduling identifies the precedence relationships among activities. C.-Project scheduling helps make better use of resources by identifying the non-critical paths through the network. D.-Project scheduling encourages the setting of realistic time and cost estimates for each activity. - ANSWER C
The project organization may be LESS helpful when A.-work tasks can be defined with a specific goal and deadline. B.-the work contains complex interrelated tasks requiring specialized skills. C.-the job is familiar to the existing organization. D.-the project cuts across organizational lines. - ANSWER C
Dummy activities A.-cannot be on the critical path. B.-are found in both AOA and AON networks. C.-have a duration equal to the shortest non-dummy activity in the network. D.-are used when two activities have identical starting and ending events. - ANSWER D
PERT analysis computes the variance of the total project completion time as A.-the sum of the variances of all activities on the critical path. .B.-the variance of the final activity of the project. C.-the sum of the variances of all activities in the project. D.-the sum of the variances of all activities not on the critical path. - ANSWER A
