SCM - Reviewer MCQ

SCM - Reviewer MCQ

University

66 Qs

quiz-placeholder

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SCM - Reviewer MCQ

SCM - Reviewer MCQ

Assessment

Quiz

Other

University

Practice Problem

Hard

Created by

Nadine Monton

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66 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The strategic approach to management requires integrative thinking, i.e., the ability to identify and solve problems:

a. from a cross-functional view.

b. without using accounting data.

c. quickly and decisively.

d. under considerable stress.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Firms have responded to the recent changes in business in all but which one of the following ways?

a. down-sizing the workforce

b. developing smaller structures

c. outsourcing service functions

d. promoting more effective policies

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The competitive strategy in which the firm succeeds by producing at the lowest cost in the industry is termed:

a. differentiation

b. cost advantage

c. price strategy

d. cost leadership

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The competitive strategy in which the firm succeeds by developing and maintaining a unique value for the product, as perceived by the customers is termed:

a. differentiation

b. cost advantage

c. price strategy

d. cost leadership

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Skills or competencies that the firm employs especially well are called:

a. critical skills.

b. core competencies.

c. essential strategies.

d. competitive factors.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which one of the following describes the type of information that cost management must provide that is not provided by traditional cost accounting systems?

a. information of a record keeping nature

b. reported financial information

c. reported nonfinancial information

d. information that address the strategic objectives of the firm

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Activities that firms in the industry must perform in the process of taking raw material and converting it into final product are known as:

a. value activities

b. conversion activities

c. production activities

d. production activities

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