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Multiple Choice Quiz
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1
A major supply chain risk is that a company will be blamed by consumers if any of its suppliers engage in unethical activity.
A)True
B)False
2
Every business organization is part of a supply chain.
A)True
B)False
3
Inventory velocity refers to the rate at which inventory moves through the supply chain.
A)True
B)False
4
4 Cross docking occurs when ships are between two docks so they can be unloaded from both sides, thereby cutting unloading time in half.
A)True
B)False
5
Logistics involves the flow of goods and the flow of information in a supply chain.
A)True
B)False
6
Active RFID requires more worker involvement than passive RFID, which can operate independently.
A)True
B)False
7
Strategic sourcing differs from more traditional sourcing in that it emphasizes total cost rather than price.
A)True
B)False
8
Service organizations often have shorter supply chains than manufacturing organizations.
A)True
B)False
9
A key different between active and passive RFID tags is that active tags have a power supply.
A)True
B)False
10
An important goal of purchasing is to obtain low prices for goods and services.
A)True
B)False
11
Supplier audits are intended to keep current on suppliers' production or service capabilities.
A)True
B)False
12
Supply chain visibility is enhanced when supply trucks have a company's name prominently displayed.
A)True
B)False
13
Fill rate refers to the rate at which goods are loaded onto ships or trucks.
A)True
B)False
14
E business enhances the ability of small businesses to compete with large businesses.
A)True
B)False
15
VMI is a way that companies can reduce costs related to replenishing inventory.
A)True
B)False
16
The term bullwhip effect is most closely related to:
A)assertive customers
B)demand variations
C)inventory turnover
D)return of inventory
E)inventory security
17
Cross docking results in cost savings associated with
A)dock space
B)ordering goods
C)cargo ships
D)storage space
E)down time
18
Which one is not a requirement of effective supply chain management?
A)low cost
B)trust
C)event management
D)visibility
19
The term "3PL" is most closely associated with
A)outsourcing
B)e-commerce
C)learning curves
D)mass customization
E)cross docking
20
The letters RFID are most closely associated with
A)outsourcing
B)tracking items
C)cross docking
D)event management
E)None of these.
21
Which one of these would have a negative impact on inventory costs?
A)disintermediation
B)delayed differentiation
C)cross docking
D)bullwhip effect
22
Which one is not a reason for increased emphasis on supply chain management?
A)increased levels of outsourcing
B)increased transportation costs
C)trends towards globalization
D)the need to improve internal operations
23
Which one of these best describes disintermediation?
A)The mediation of supply chain disputes by a disinterested third party.
B)Elimination of supply chain middlemen.
C)Delayed differentiation.
D)Overcoming the bullwhip effect.
24
Which one of these relates to avoiding warehousing costs?
A)cross docking
B)delayed differentiation
C)disintermediation
D)gatekeeping
E)strategic partnering
25
Which one refers to reverse logistics?
A)cross docking
B)delayed differentiation
C)customer refusal to accept damaged goods
D)returned goods
E)retracing the steps in a supply chain





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