QUESTION 1 6 points Supply chains refer to networks of companies that work together and coordinate their actions to deliver a product to the marketplace O True False QUESTION 2 6 points The participants in a simple supply chain consists of the company, It's suppliers and customers. True False QUESTION 3 6 points Every business fits into one or more supply chains and has a role to play in each of them. True False QUESTION 4 The goal of supply chain management is to increase sales of goods/services to customers while at same time increasing both inventory and operating expenses, 6 points Save True False QUESTIONS 6 points Save and Outsourcing part of your company's business operations to other companies always results in lower costs and higher-quality made products. True False QUESTION 6 6 points Save A Product recalls are always done voluntarily on the part of the manufacturer True False QUESTION 7 3 points Lave ARE Of the 5 major supply chain drivers discussed in the textbook, the driver that involves how much to make and how much to store'is production b. transportation c. Inventory d. location e information QUESTIONS 8 points Save Antwo A major participant in supply chains are service providers. Common service providers in any supply chain includes all except a, retailers b. financial service providers c transportation companies d. advertisers QUESTION 9 Supply chain management involves the strategic coordination of business functions 8 points a. within a particular company and across businesses within the supply chain a for the purpose of improving the long-term performance of the individual companies and the supply chain as a whole c. both 'a' and 'b' d. neither'a' or 'b' QUESTION 10 8 points In an extended supply chain, besides the company and their suppliers and customers - additional participants) is/are a. the supplier's supplier (.e. ultimate supplier) b. the customer's customer (i.e. ultimate customer) c. the service providers d. all of the above QUESTION 11 8 points Micro QUESTION 11 The U.S. Consumer Product Safety Commission is responsible for protecting the public from unreasonable risk of serious injury or death from consumer products a. 8 points b. copyright infringements for products c. misleading television ads for products d. all of the above QUESTION 12 8 points Assume you own a retail store and become aware that a product your store sells has been recalled. Which of the following can you do: a. continue to sell that product until there is none left in your stock continue selling the product but lower its selling price - In order to get rid of the product quickly b. c. Immediately remove that product from the shelves and Inventory d. you can do all of the above
