1. The surge in gasoline prices leads to several impact on supply chains. Which one is NOT an effect of the higher gasoline prices?

A) Housewives find the price of pork is higher compared with that in previous month. B) Firms split orders into a smaller order size. C) Sales for bikes and fuel-efficient cars strongly increase. D) Government reports a high inflation rate.

2. ABC company just started using a computerized system, which is connected to the ERP systems of its suppliers. Which one is likely the effect of this system on the average inventory level of ABC company?

A) Decrease. B) No change. C) Increase. D) The information above is not sufficient to evaluate the effect.

3. The RMB (Chinese dollar) is getting stronger against the US dollar, which one is NOT an effect of the revaluation of RMB?

A) The products made in the US become more appealing. B) The products made in China are not as cheap as they were. C) The imbalance of US trade with China will be improved. D) The revaluation will accelerate US companies outsourcing production to China.

4. In order to meet customers needs, Three Rights are necessary to be achieved in supply chain activities except for

A) Right quantity B) Right time C) Right quality D) Right locations

5. You are a store manager of Best Buy and want to sell the iPhone 12. It takes 14 days to sell a unit of the iPhone 6 on average. You pay Apple Computer on the 7th day from the day you receive the iPhone 12. All customers pay by credit card and you receive the cash on the 15th day after the transaction on average. What is the number of your cash-to-cash conversion cycle (CCC) days?

A) 6 days B) 8 days C) 22 days D) 36 days