Question

1. which of the following is a sourcing strategic decision?

A- which products or services should be supplied from offshore?

B- how should suppliers be managed on an ongoing basis?

C- which suppliers should be selected to provide products or services?

D- all of the above

2. Purchasing actvities include

A- choosing suppliers

B- negotiating contracts

C- managing buyer-suppliers relationships

D- all of the above

3. Which of the following is a purchasing decision?

A- which products and services does the firm want to outsource?

B- what product or services should be supplied from offshore?

C- How will the firm maintain positive relationships with suppliers?

D- all of the above

4. Common goals for sourcing include all of the following except

A- finding suppliers with the advanced technological abilities needed

B- finding suppliers with the lowest price per unit

C- finding suppliers with a certified process for quality control

D- finding suppliers with strong ethical practices

5. Concerning outsourcing, which of the following is considered a qualitatice cost (that is, a cost that is difficult to quantify)?

A- costs of work stappages and supply chain disruptions

B- costs of drafting and negotiating contracts with suppliers

C- inventory carrying costs

D- all of the above

6. ___ partnership of retailers, wholesalers and manufacturers aimed at managing both demand and the supply chain.

A- effective consumer response

B- effective customer reaction

C- effective consumer reply

D- effective consumer response

7. Which of the following is a way to improve the supply chain system?

A- forard and backward integration

B- lean systems

C- major product redesign

D- outsourcing logistics to a third party

8. Which of the following is not one of the distinct processes described in the SCOR model?

A- source

B- plan

C- make

D- recycle

9. The efficient consumer responce movement was formed to

A- reduce the separation of manufatuerer and retailer

B- make supply chains more responsive to chances in consumer demand

C- combat the bullwhip effect

D- do all of the above

10. Planned lead times

A- usually are longer than actual working times

B- ignore interference from other jobs

C- usually are shorted than actual working times

D- assume the work is expedited and completed as quickly as possible

11. Safety stock in an MRP system

A- is never needed

B- is used to provide flexibility to meet changing customer requirements

C- must provide a 100% service level

D- is planned at the part level, independent of the safety stock of other parts

12. The bill of materials

A- shows how much inventory is available

B- is a bill sent to the customer for material ordered

C- is a list of all materials required to produce a part

D- none of the above

13. All of the following help to handle uncertainty when operating a MRP system except

A- safety stock

B- safety lead time

C- safety capacity

D- backup suppliers

Answer 1

As per the expert guidelines we have to answer only the first question.

1)The correct answer is option D- all of the above

As sourcing strategic decision formalizes the way that which products or services should be supplied. It sees how should suppliers be managed on an ongoing basis and which supplier should be selected. It does all the supply related decisions.