Additional_2_Quiz

Businesses sometimes use the term "triple bottom line" to define sustainability in terms of the 3Ps - Increasing profit, improving the planet, and improving people's lives. Which of the following should be added as a 4th P to ensure all the people around the world are included & will benefit from our efforts?

• Purchases

• Philanthropy

• Procurement

• Participation

Obstacles to achieving sustainability in logistics include which one of these?

• Consumer preferences

• Toll roads

• ISO Standards

• Reluctant to change

Produce exactly what is demanded during the period in which is demanded " describe which method of Aggregate Planning method?

• Level

• Optimal

• Chase

• Collaborative

What is one example of engaging with customers in a circular economy model?

• Making the return process of the product accessible and easy if product does not meet the need of consumer

• Leasing your product to customer

• Offering incentive for customer to return product after use

• All the above

Customer service, Ordering/Setup cost, labor and equipment utilization, transportation cost, and quantity discount are issues that result in which type of inventory pressure

• High

• Low

• Conditional

• Aggregate

"Changing economic control empowers creativity and competition. Changes in transportation-fewer or no economic controls over rates and services. Changes in financial institutions blurred traditional differences and increased competition " are some of characteristics of which of following " macro challenges to Sustainability

• The empower consumer

• Power shift in Supply Chain

• Deregulation

• Globalization

A circular economy should rebuild

• All capital

• some capital except human sources

• no capital and maintain the capital in use

• selective capital sources that are most useful for given industry

One of the biggest challenges facing companies today is?

• Hiring and retaining qualified employees

• Global warming

• Government regulation

• Infrastructure issues

The circular supply chain design is:

• Inherently regenerative

• self sufficient and require little practice of planning

• easy implemented

• only is applicable to specific industries

The circular economy is an alternative supply chain design to what traditional supply chain network design?

• Triangle supply chain

• Linear supply chain

• Vertical supply chain

• Web supply chain