question

There are 3 components to any software application. Which of the following is not one of the three? a. presentation management b. module management c. business logic management d. data management

answer

b. module management

question

There are 3 components to any software application. Which resides in the server(assuming client/server architecture)? a. presentation management b. module management c. business logic management d. data management

answer

d. data management

question

There are 3 components to any software application. Which resides either partially or completely in the client? a. presentation management b. module management c. business logic management d. data management

answer

a. presentation management

question

To add a module, like supply chain management, to the existing foray of modules that make up the ERP system, one must also add what:

answer

another module management engine

question

Goldratt has proposed three phrases to problem-solving. Which of the following is not one of the three? a. What to change b. Why that is important c. What to change to d. How to cause the change

answer

b. why that is important

question

The integrated group of business processes and activities that form the supply chain include all of the following except.. a. procurement of services, materials and components from suppliers b. production of the products and services c. distribution of products to the customers d. information technology

answer

d. information technology

question

Increased uncertainty and variability in a supply chain typically results in

answer

larger inventories

question

All of the following statements concerning inventory management are true except.. a. In the past, companies could afford to maintain generous inventory levels and not worry so much about cost b. the cost of inventory has increased largely due to product obsolescence c. the average annual cost of manufactured goods inventory is the U.S. is about 30% of the value of the inventory d. maximizing the amount of inventory has become an important objective of inventory management

answer

d. maximizing the amount of inventory has become an important objective of inventory management

question

Maintaining large inventories may be appropriate for all of the following reasons except: a. to meet seasonal peak demand b. to take advantage of price discount c. to meet the demands of JIT companies d. all of the statements above are appropriate reasons for large inventories

answer

d. all of the statements above are appropriate reasons for large inventories

question

Inventory costs for such things as rent, lighting, security, interest, and taxed are usually classified as

answer

carrying costs

question

Cost that are sometimes expressed as a percentage of the value of an item are known as

answer

carrying costs

question

Inventory cost related to transportation, shipping, receiving, and inspection are usually classified as

answer

ordering costs

question

The continuous inventory control system

answer

reduces the amount of inventory on record in the computer system every time a sale occurs

question

Which of the following is not an assumption of the basic EOQ model?

answer

order quantity received gradually over time

question

Warehouse management systems are

answer

highly automated systems that run the day-to-day operations and track inventory at distribution centers

question

Optimizing the placement of items in a warehouse based on demand, product groupings, and the items' physical characteristics is known as

answer

slotting

question

A warehouse management system (WMS) might include all of the following features except: a. transportation management b. human resource management c. order management d. warehouse optimization

answer

b. human resource management

question

Which of the following is not a typical effect of vendor managed inventory (VMI)? a. increased processing speed for manufacturers and distributors b. fewer data entry errors for manufacturers and distributors c. increased stockouts for distributors d. reduced planning and ordering costs for distributors

answer

c. increased stockouts for distributors

question

The most cost-effective means for transporting low-value, high density, bulk products is by

answer

railroads

question

Inventory turnover is computed

answer

by dividing the cost of goods sold by the average aggregate inventory value

question

The fraction of orders filled by a distribution center or warehouse within a specific time period is referred to as the

answer

fill rate

question

Which of the following is a diagnostic tool that provides a cross-industry standard for supply chain management? a. enterprise resource planning (ERP) b. the supply chain operations reference(SCOR) model c. warehouse management analysis d. collaborative planning, forecasting and replenishment (CPFR)

answer

b. the supply chain operations reference(SCOR) model

question

In global trade the total cost of producing, storing, and transporting a product to the site of consumption or another port is referred to as the

answer

landed cost

question

An indirect tax assessed on the increase in value from raw materials to final product is referred to as a

answer

value-added tax

question

Which of the following is not a strategy for managing demand? a. shifting demand into other time periods with incentives, sales promotions and advertising campaigns b. offering products or services with counter-cyclical demand patterns c. partnering with suppliers to reduce information distortion along the supply chain d. increasing inventories and laying off workers when demand is soft

answer

d. increasing inventories and laying off workers when demand is soft

question

If a company places an order for the same quantity each time inventory decreases to a reorder point, it is using a: a. periodic inventory system b. convoluted inventory system c. continuous inventory system d. discrete inventory system

answer

c. continuous inventory system

question

Holding or carrying costs include all of the following except: a. transportation costs b. rent of storage c. interest costs d. lighting e. security

answer

a. transportation costs

question

For a company to use a periodic inventory system, which of the following is true? a. inventory is counted only at a specific time intervals b. the order is for a fixed quantity which minimizes inventory costs c. the inventory system is also referred to as a perpetual inventory system d. the company is using a fixed-order-quantity system

answer

a. inventory is counted only at a specific time intervals

question

Which of the following inventory systems gives you the highest holding cost? a. continuous inventory system b. periodic review inventory system c. quantity discounts d. instantaneous replenishment systems

answer

b. periodic review inventory system

question

Which of the following statements is true? a. in a fixed-order-quantity system, a fixed quantity is ordered after a specific number of days, weeks, or months has passed b. in a periodic inventory system, a new order quantity is ordered when inventory falls to the reorder point c. in a periodic inventory system, a new order quantity must be determined every time an order is made. d. a continuous inventory system requires more safety stock than a periodic inventory system

answer

c. in a periodic inventory system, a new order quantity must be determined every time an order is made.

question

The information architecture underlying ERP systems is known as

answer

N-tier distributed

question

Carrying lots of safety stock is a bad thing because

answer

it increases inventory and thus inventory cost

question

Which of the following is the best strategy for reducing safety stock? a. reduce the standard deviation of daily demand b. reduce the lead time c. reduce the service level and thus the z value d. all of the above

answer

b. reduce the lead time

question

Modern corporate information infrastructures and systems utilize ____ on users desktops. a. thin clients b. thick clients c. internet browsers d. none of these e. a and c only

answer

e. a and c only

question

Today's modern ERP architectures are intended to take advantage of a. reusability b. servers c. thin clients d. all of the above

answer

d. all of the above

question

Advantage of the N-tier architecture used in modern ERP systems includes all of the following but a. data integration b. better use of MIPS on both PCs and servers c. elimination of the 36 month backlog of the centralized MIS shop d. faster development times of new software because of reuse e. diminished visibility across the enterprise

answer

e. diminished visibility across the enterprise

question

Which of the following statements concerning small lot production is true? a. small-lot production allows processes to be physically closer together b. workers producing units in small lots tend to let poor quality pass c. small lot production makes processes more independent of each other d. in small lot production, quality problems are more difficult to detect

answer

a. small-lot production allows processes to be physically closer together

question

When new applications are built in an ERP environment what component invariably gets reused in its entirety? a. module management b. data management c. presentation management d. business logic management

answer

b. data management

question

Best-of-breed refers to _____.

answer

using a variety of ERP modules from different vendors

question

A key element in achieving supply chain integration is ____.

answer

information technology

question

Coordinated workflow, production and procurement can lead to all of the following except: a. production efficiencies b. slower response times c. improved service d. faster time to market

answer

b. slower response times

question

In the list that follows which of the following is not one of the four main ERP modules? a. Finance/Accounting b. Human resources c. production/materials management d. supply chain management e. sales/marketing

answer

d. supply chain management

question

The integrated group of business and activities that form the supply chain include all of the following except: a. procurement of services, materials and components from suppliers b. production of products and services c. distribution of products to the customers d. financing of the infrastructure

answer

b. production of the products and services

question

Landed cost encompasses all of the following except: a. production cost b. marketing cost c. storage cost d. transportation cost

answer

b. marketing cost

question

A process for two or more companies in a supply chain to synchronize their individual demand forecasts in order to develop a single plan for meeting customer demand is known as _____

answer

collaborative planning, forecasting and replenishment

question

Which of the following is not a business process that gets planned and executed by customer relationship management software? a. marketing b. sales c. fulfillment d. manufacturing e. services

answer

d. manufacturing

question

Customer Relationship Management is focused not on products but on _______

answer

customers

question

The suppliers in a supply chain are referred to as ______ supply chain members.

answer

upstream

question

Distributors, warehouses, and retailers are referred to as ______ supply chain members.

answer

downstream

question

Which of the following is not a key to effective supply chain management? a. communication among members b. independence among members c. collaboration among members d. trust among members

answer

b. independence among members

question

Increased uncertainty and variability in a supply chain typically results in ____

answer

larger inventories

question

One way to reduce the bullwhip effect is for supply chain members to ______

answer

share demand forecasts with other supply chain members

question

A computer-to-computer exchange of business documents in a standard format is known as ______

answer

electronic data interchange (EDI)

question

Information sharing among supply chain members will typically result in all of the following except: a. faster response times b. early problem detection c. an increased bullwhip effect d. greater trust and confidence among supply chain members

answer

c. an increase bullwhip effect

question

Which of the following if not one of the three key performance indicators(KPI) used to measure supply chain performance? a. inventory turnover b. postponement rate c. inventory days of supply d. fill rate

answer

b. postponement rate

question

The fraction of orders filled by a distribution center or warehouse within a specific time period is referred to as the _____

answer

fill rate

question

Supply chain management focuses on integrating and managing the flow of ____. a. procurement b. production c. integration d. all of the above

answer

d. all of the above

question

The bullwhip effect can ____

answer

increase inventories

question

All of the following are approaches used in risk pooling within a supply chain except: a. reducing the number and variety of parts b. creating flexible capacity c. encouraging large orders d. combining inventories from multiple locations into one location

answer

c. encouraging larger orders

question

All of the following are enablers of efficient supply chain management except: a. bar codes b. price tags c. RFID tags. d. the internet

answer

b. price tags

question

Companies resist establishing green supply chains for all the following reasons except that______

answer

green initiatives lower cost because fewer resources are consumed

question

_____ is not a perceived advantage of radio frequency identification (RFID) technology

answer

Loss of personal privacy

question

Supply chain integration does not involve _____ among supply chain members

answer

reducing competition

question

Which of the following is not a key performance indicator used in supply chain management? a. fill rate b. day of supply c. cost of goods d. inventory turns

answer

c. cost of goods

question

What a company does best is often referred to as the firm's core ______

answer

competencies

question

______ are web sites where companies and suppliers conduct business-to-business activities.

answer

E-Marketplaces

question

Which mode of transportation transports products in liquid form? a. pipeline b. ocean c. both a and b are correct d. airline

answer

c. both a and b are correct

question

In an attempt to minimize inventory levels companies frequently require their suppliers to use a(n) ______ inventory management system.

answer

on-demand

question

Partnerships require suppliers to provide____. a. higher quality b. prompt delivery c. lower prices d. all of the above

answer

d. all of the above

question

The selection of suppliers is called ____

answer

sourcing

question

Companies often outsource to _______. a focus on core competencies b. achieve greater flexibility c. reduce costs d. all of the above

answer

d. all of the above

question

Benefits of e-procurement include all of the following except: a. lower prices b. faster delivery c. fewer transactions d reduced labor

answer

c. fewer transactions

question

E-procurement is most often used for _____.

answer

indirect goods

question

Distribution includes all of the following activities except: a. packaging b. storing c. shipping d. sourcing

answer

d. sourcing

question

Distribution centers usually ship product to _____

answer

retailers

question

Which of the following is not a feature of a warehouse management system? a. warehouse optimization b. order management c. vendor management d. custom labeling and packaging

answer

c. vendor management

question

The most common mode of transporting products is _____

answer

trucking

question

Long life, high capital cost and low operating costs are associated with which mode of transportation? a. pipeline b. canal c. barges d. water

answer

a. pipeline

question

Factors driving globalization of the supply chain include all of the following except: a. international trade agreement b. advances in information technology c. lower cost transportation d. government intervention

answer

d. government intervention

question

Landed cost includes: a. value added tax b. duties c. customs d. all of the above

answer

d. all of the above

question

Which of the following is not an obstacle to global supply chain management? a. increased documentation b. differences in communication technology c. decreased delivery times d. different business practices

answer

c. decreased delivery times

question

International trade specialists include all of the following except: a. exporting packers b. finance brokers c. purchasing agents d. duty specialists

answer

b. finance brokers

question

Which of the following countries is not an important U.S. trading partner? a. Canada b. Mexico c. Japan d. Russia

answer

d. Russia

question

The focus of distribution, what it accomplishes, is referred to as ______.

answer

order fulfillment

question

Partnerships between customers and suppliers are beneficial because they_______

answer

provide security and stability

question

______ represent a restriction on decision variable values for a linear programming problem.

answer

Constraints

question

The area that contains the values that satisfies all the constraints in a linear programming problem is known as the ______ space.

answer

feasible solution

question

The optimal solution for a linear programming problem will occur ______

answer

at an extreme point

question

For less than or equal to (<) constraint the shadow price represents the ______

answer

maximum amount you would be willing to pay for one additional unit for a resource

question

An assignment problem with 5 jobs to be performed and 5 employees to do these jobs will have how many constraints?

answer

10

question

A transportation problem with three factories and tree warehouses will have how many decision variables?

answer

9

question

An assignment model_______

answer

will have decision variables being binary

question

The problem which deals with the distribution of goods from several sources to several destinations is the _______

answer

transportation problem

question

The difference between the transportation and assignment problems is that _______.

answer

each supply and demand value is 1 in the assignment problem

question

In an assignment problem, ______. a. one agent can do parts of several tasks b. one task can be done by several agents c. each agent is assigned to its own best task d. none of the alternatives is correct

answer

d. none of the alternatives is correct

question

In the linear programming formulation of a transportation network, ______. a. there is one constraint for each node b. there is one variable for each arc c. the sum of variables corresponding to arcs out of an origin node is constrained by the supply at the node d. all of the above are correct

answer

d. all of the above are correct

question

In a transshipment problems, shipments, ________.

answer

cannot occur between two origin nodes

question

Constraints in a transshipment problem _____.

answer

include a variable for every arc

question

The problem which deals with the distribution of goods from several sources to several destinations is the _____.

answer

transportation problem

question

The part of a network that represent the origins are _____.

answer

the nodes

question

The objective of the transportation problem is to _______

answer

minimize the cost of shipping products from several origins to several destinations

question

The number of units shipped from origin i to destination j is represented by ____

answer

Xij

question

Which of the following is not true regarding the linear programming formulation of a transportation problem? a. cost appear only in the objective function b. the number of variables is (number of origins)*(number of destinations) c. the number of constraints is (number of origins) *(number of destinations) d. the constraints' left-hand side coefficients are either 0 or 1

answer

c. the number of constraints is (number of origins) *(number of destinations)

question

The difference between the transportation and assignment problem is that _____

answer

each supply and demand value is 1 in the assignment problem

question

In the general linear programming model of the assignment problem, _____

answer

one agent is assigned to one and only one task

question

The assignment problem is a special case of the _____

answer

transportation problem

question

Simulation analysis is useful for operational problems that _____

answer

can't be solved analytically

question

The ______ technique selects numbers randomly from a probability distribution for use in a trial run of a simulation. a. computer world b. Monaco c. steady-state d. none of the above

answer

d. none of the above

question

After a sufficient number of simulation run a steady state results when the variable being investigated reaches an ______ value that remains constant

answer

average

question

Transporting a product by rail or air often involves the additional cost, inconvenience and time of ______. a. having to move product off the truck and onto the airplane or rail car b. having to move product of the airplane or rail car and onto the truck c. having arrange for transport with another freight forwarder and transporter d. non of the above e. a and b only

answer

e. a and b only

question

The transportation model is formulated for a class of problems that has which of the following characteristics? a. a product is transported form a number of sources to a number of destinations b. each source can supply a fixed amount c. each destination has a fixed demand d. the objective is typically to minimize cost e. all of the above are characteristics

answer

e. all of the above are characteristics

question

In the linear programming formulation of the transportation problem, the cost of transporting one unit of the material from a supply point to a demand point appears in _____

answer

the objective function only

question

Network models like the transportation and transshipment problems are known to have _____

answer

integer solutions

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