Supply Chain
Trees Incorporated is a company that provides chopped-down trees to paper manufacturers. This company is an example of what common supply chain member?
A producer
B retailer
C supplier
D vendor
Who is C? supplier
Why would an organization hold finished goods inventory?
A to hide quality issues
B to meet variation in production demand
C to look for hidden problems
D to execute production strategy needs
What is D? to execute production strategy needs
Why is a receiving procedure important to a business?
A to make sure that all the promised discounts are received
B to receive transportation documentation from the driver
C to establish standards to govern the receiving process
D to assign staff to ensure that all employees receive policies
What is C? to establish standards to govern the receiving process
What is the first step in taking action when a safety issue comes up at work?
A talking to the supervisor
B contacting an outside agency
C defining the problem
D contacting an outside agency
What is C? defining the problem
Which risk might result from ethical misconduct?
A decreased whistle blowing
B decreased company value
C increased positive publicity
D increased employee support of the company
What is B? decreased company value
The purpose of supply chain management is to:
A ensure the company has new products.
B ensure inventory is available to meet demand.
C ensure that vendors stay committed to the company.
D ensure the organization is always aware of what is happening
What is B? ensure inventory is available to meet demand.
Which type of inventory has a function in the input (raw materials) process?
A packing materials
B finished goods
C defective items
D paint supplies
What is A? packing materials
Which method of merchandise checking is used for products such as furniture, vases, and paintings?
A spot
B quality
C direct
D blind
What is B? quality
To maintain a hazard-free work environment, local regulations might require businesses to undergo:
A tax assessments.
B ethics training.
C safety inspections.
D accounting audits.
What is C? safety inspections
To reduce the risk of employees sharing trade secrets with industry rivals, businesses might require their employees to:
A develop a mission statement.
B analyze annual financial reports.
C complete standard personnel forms.
D sign a nondisclosure agreement.
What is D? sign a nondisclosure agreement
Which job is responsible for overseeing process of getting products into the marketplace?
A line supervisor
B inventory manager
C chief financial officer
D supply chain manager
What is D? supply chain manager
Sally drives a truck that transports Nike shoes from the production plant to retail stores. The goods on the truck are:
A safety inventory.
B work-in-process inventory.
C transit inventory.
D maintenance and repair inventory.
What is C? transit inventory
Maintaining an inventory of supplies helps a business to
A locate vendors.
B operate efficiently.
C establish marketing goals.
D evaluate processes.
What is B? operate efficiently
What type of job hazard is falling due to a slippery floor?
A safety
B chemical
C biological
D noise
What is A? safety
To reduce the risk of unauthorized access to confidential data, businesses use security software to protect their:
A spam email.
B intranet systems.
C corporate policies.
D intercom systems.
What is B? intranet systems
One reason companies strive to optimize their supply chain is to:
A lower costs.
B reduce defects.
C increase vendors.
D increase inventory.
What is A? lower costs
Gloves for workers to wear to protect their hands during the production process are examples of what type of inventory?
A transit
B retail
C work-in-process
D maintenance, repair, and operating goods (MRO)
What is D? maintenance, repair and operating goods (MRO)
What are employees who are specially trained to inspect and record newly arrived merchandise called?
A buyers
B managers
C accountants
D receivers
What is D? receivers
How can a business protect itself from shoplifting?
A using dividers between departments
B using closed circuit television
C stocking goods on tall shelf units
D having several entrances and exits
What is B? using closed circuit television
During a staff meeting, the company's president states, "Samari Enterprises experienced a three percent increase during the first quarter and a five percent increase during the second quarter of this fiscal year." What type of information is the president providing?
A explicit knowledge
B personal opinion
C raw data
D tacit knowledge
What is A? explicit knowledge
Which supply chain flow follows items as they progress from raw material to being consumed?
A financial
B information
C product
D technology
What is C? product
A business orders 10% more widgets than it needs because the supply of and the demand for widgets have been difficult to forecast in recent months. Which type of of inventory is the business using?
A transit
B perpetual
C customary
D buffer
What is D? buffer
What is just-in-time inventory?
A A method of managing inventory that keeps a minimal amount of raw materials on hand to meet production needs.
B Inventory held on hand that is over and above what is currently needed to meet demand.
C Items that are used to support and maintain the production process and its infrastructure.
D A balance of inventory holdings or carrying costs incurred from ordering or setting up supplies for the customers.
What is A? A method of managing inventory that keeps a minimal amount of raw materials on hand to meet production needs.
Why is it important for employees to follow established security procedures?
A to develop a healthy environment
B to avoid the risk of accidents
C to reduce the possibility of loss
D to create a pleasant facility
What is C? to reduce the possibility of loss
ABC Corporation makes its employees sign a noncompete agreement. This agreement states that employees who leave the company are restricted from working for a competitor for two years. The purpose of this agreement is to make sure that competitors are unable to obtain ABC Corporation's trade secrets. What type of information is ABC Corporation protecting?
A management
B employee
C technology
D business
What is D? business