Chapter 11 SCM

Chapter 11 SCM

University

10 Qs

quiz-placeholder

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Chapter 11 SCM

Chapter 11 SCM

Assessment

Quiz

Business

University

Practice Problem

Hard

Created by

Sumaiyah Aziz

Used 19+ times

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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A firm that employs a low-cost strategy should minimize inventory throughout the supply chain.

TRUE

FALSE

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

In most manufacturing industries, which of the following would likely represent the largest cost to the firm?

transportation

purchasing

insurance

financing

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

The transfer of some of what are traditional internal activities and resources of a firm to outside vendors is

a standard use of the make-or-buy decision.

not allowed by the ethics code of the Supply Management Institute.

offshoring.

outsourcing.

4.

FILL IN THE BLANK QUESTION

1 min • 1 pt

The ________ decision involves choosing between producing a component or a service internally and purchasing it externally.

5.

FILL IN THE BLANK QUESTION

1 min • 1 pt

Transferring to external vendors a firm's activities that have traditionally been internal is known as _________.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

With the "many suppliers" sourcing strategy, the order usually goes to the supplier that offers the highest quality.

TRUE

FALSE

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Vertical integration, whether forward or backward, requires the firm to become more specialized.

TRUE

FALSE

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