Fundamental cycle in cycle-view of supply chain processes

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Reference no: EM132289274

1. Which of the following is NOT a fundamental cycle in the cycle-view of supply chain processes?

(a) Customer order (b) Replenishment (c) Just-In-Time (d) Procurement

2. Which phase of supply chain decisions involves customer orders, allocating production and inventory as a result of customer orders, setting delivery schedules, and placing replenishment orders?

(a) Supply Chain Strategy and Design (b) Supply Chain Planning (c) Supply Chain Purchasing (d) Supply Chain Operation

3. Suppose that the demand for a product is fairly predictable, which would justify the build up of inventory before customer orders are placed. Which type of supply chain processes should this manufacturer implement?

(a) Push System (b) Pull System (c) Kanban System (d) Just-in-Time System

4. Which of the following decisions would NOT be conducted within the supply chain planning phase?

(a) Determine how chosen markets will be supplied from speci?c facilities. (b) The creation of long-term inventory policies. (c) The creation of operating policies. (d) Determining truck delivery schedules

5. Which of the following is NOT a goal of constructing supply chains? (a) Increasing ?rm pro?t at the expense of suppliers. (b) Creating supply chain value. (c) Balancing supply and demand. (d) Creating customer value.

6. Which theory states that ?rms determine to use a market or hierarchy form based only on the cost of a transaction? (a) Transaction Cost Economics (b) Agency Theory (c) Neo-Classical Economics (d) None of the Above

7. Which theory states that ?rms should NOT exist, because the market is the most ef?cient form of resource exchange? (a) Transaction Cost Economics (b) Agency Theory (c) Neo-Classical Economics (d) None of the Above

8. Which theory states that ?rms determine to use a market or hierarchy form based not only on the cost of a transaction, but also the cost to govern the transaction? (a) Transaction Cost Economics (b) Agency Theory (c) Neo-Classical Economics (d) None of the Above

9. When individuals decide to band together and create an organization so that cost savings can be realized as a result of lower transaction costs, the resulting structure is referred to as a(n) (a) Hierarchy (b) Market (c) Band-of-People (d) None of the Above

10. Which of the following re?ects a ?rm’s reason for existing? (a) Strategic Objectives (b) Market-Based Hierarchy (c) Mission Statement (d) Value Proposition

Reference no: EM132289274

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