McqMate
These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Master of Commerce (M.com) .
| 1. |
A supply chain which includes the distribution of finished product and service? |
| A. | Outbound logistics |
| B. | Inbound logistics |
| C. | Supply of goods |
| D. | Transportation |
| Answer» A. Outbound logistics | |
| 2. |
What additional factor does overall equipment effectiveness take into account which makes it more meaningful than efficiency or utilization? |
| A. | Flexibility |
| B. | Speed |
| C. | Cost |
| D. | Quality |
| Answer» A. Flexibility | |
| 3. |
Which of the following is true for supply chain management? |
| A. | The physical material moves in the direction of the end of chain. |
| B. | Flow of the cash backward through the chain. |
| C. | Exchange of information moves in both the direction. |
| D. | All the above |
| Answer» D. All the above | |
| 4. |
The purpose of supply chain management is |
| A. | Provide customer satisfaction |
| B. | Improve quality of a product |
| C. | Integrating supply and demand management |
| D. | Increasing production |
| Answer» C. Integrating supply and demand management | |
| 5. |
VMI stands for |
| A. | Vendor material inventory |
| B. | Vendor managed inventory |
| C. | Variable material inventory |
| D. | Valuable material inventory |
| Answer» B. Vendor managed inventory | |
| 6. |
The major decision areas in supply chain management are |
| A. | Location, production, distribution, inventory |
| B. | Planning, production, distribution, inventory |
| C. | Location, production, scheduling, inventory |
| D. | Location, production, distribution, marketing |
| Answer» A. Location, production, distribution, inventory | |
| 7. |
Logistics is the part of supply chain involved with the forward and reserve flow of |
| A. | Goods |
| B. | Service |
| C. | Cash |
| D. | All of these |
| Answer» D. All of these | |
| 8. |
Reserve logistics is required because |
| A. | Goods are defective |
| B. | Goods are unsold |
| C. | The customer simply change their minds |
| D. | All of the above |
| Answer» D. All of the above | |
| 9. |
3-PL stands for |
| A. | Three points logistics |
| B. | Third party logistics |
| C. | Three points location |
| D. | None of the above |
| Answer» B. Third party logistics | |
| 10. |
The supply concept originated in what discipline? |
| A. | Marketing |
| B. | Operations |
| C. | Logistics |
| D. | Production |
| Answer» A. Marketing | |
| 11. |
Qualified is defined by the customer is |
| A. | An unrealistic definition of quality |
| B. | A user based definition of quality |
| C. | A manufacturing based definition of quality |
| D. | A product based definition of quality |
| Answer» B. A user based definition of quality | |
| 12. |
The supply chain management philosophy emerged in.............. |
| A. | 1960’s |
| B. | 1970’s |
| C. | 1980’s |
| D. | 1990’s |
| Answer» D. 1990’s | |
| 13. |
Positive, long term relationships between supply chain participants refers to |
| A. | Co-operation |
| B. | Tailor logistics |
| C. | Partnership |
| D. | Supply chain management |
| Answer» C. Partnership | |
| 14. |
The input to a transformation process include all of the following except |
| A. | Material |
| B. | People |
| C. | Information |
| D. | Assembly |
| Answer» D. Assembly | |
| 15. |
Zero defects in manufacturing.............. |
| A. | Is a relevant goal only in electronic assembly |
| B. | Is readily achievable in all areas |
| C. | Is the goal of TQM |
| D. | Is an unobtainable and misleading idea |
| Answer» C. Is the goal of TQM | |
| 16. |
Which of the following is not an area responsibility for a logistic manager |
| A. | Inventory |
| B. | Purchasing |
| C. | Warehousing |
| D. | Marketing |
| Answer» D. Marketing | |
| 17. |
Which came last in the development of manufacturing techniques? |
| A. | Learn production |
| B. | Division of labor |
| C. | Mass production |
| D. | Interchangeable parts |
| Answer» D. Interchangeable parts | |
| 18. |
Which one of the following would not generally be considered as an aspect of operations management? |
| A. | Work methods |
| B. | Secured financial resources |
| C. | Maintain quality |
| D. | Product or service design |
| Answer» B. Secured financial resources | |
| 19. |
Inspection, scarp, and repair are example of |
| A. | Internal cost |
| B. | External cost |
| C. | Cost of dissatisfaction |
| D. | Warranty & service cost |
| Answer» B. External cost | |
| 20. |
All the following costs are likely to decrease a result of better quality except |
| A. | Customer dissatisfaction |
| B. | Maintenance cost |
| C. | Scrap cost |
| D. | Warranty and service cost |
| Answer» B. Maintenance cost | |
| 21. |
Which came last in the development of manufacturing process |
| A. | Lean production |
| B. | Division of labor |
| C. | Mass production |
| D. | Craft production |
| Answer» B. Division of labor | |
| 22. |
Which of the following is not a typical supply chain member? |
| A. | Retailer |
| B. | Wholesaler |
| C. | Producer |
| D. | Customer |
| Answer» D. Customer | |
| 23. |
A supply chain includes the chain of entities involved in the planning, procurement, production and.............. of products and services |
| A. | Distribution |
| B. | Supply |
| C. | Demand |
| D. | Transport |
| Answer» A. Distribution | |
| 24. |
Companies manage their supply chain through.............. |
| A. | Information |
| B. | Competitor |
| C. | Internet |
| D. | Skilled operator |
| Answer» A. Information | |
| 25. |
Lean production involves |
| A. | Improvement of speed only |
| B. | Improvement of quality only |
| C. | Elimination of all types of waste |
| D. | Elimination of cost only |
| Answer» C. Elimination of all types of waste | |
| 26. |
Which of the following is not a factor affecting the supply chain? |
| A. | Reduced number of suppliers |
| B. | Increased competition |
| C. | Longer product life cycle. |
| D. | Increased opportunities to strategically use technology |
| Answer» C. Longer product life cycle. | |
| 27. |
TQM refers to |
| A. | Total quantity management |
| B. | Total quality management |
| C. | Total quality marketing |
| D. | Total quotient management |
| Answer» B. Total quality management | |
| 28. |
…………… includes design and administration of system to control the flow of materials, work in progress and finished inventory to support business unit strategy |
| A. | Logistics management |
| B. | Materials management |
| C. | Bills of materials |
| D. | None of these |
| Answer» A. Logistics management | |
| 29. |
………….. and physical distribution are the two major operations of logistics |
| A. | Supply chain management |
| B. | Material management |
| C. | Logistics management |
| D. | None of these |
| Answer» B. Material management | |
| 30. |
Buying according to the requirements is called ………….. |
| A. | Seasonal buying |
| B. | Hand to mouth buying |
| C. | Scheduled buying |
| D. | Tender buying |
| Answer» B. Hand to mouth buying | |
| 31. |
Getting the right goods to the right location at the right time for the least cost is known as |
| A. | Market facilities |
| B. | Market logistics |
| C. | Market distribution |
| D. | None of the above |
| Answer» B. Market logistics | |
| 32. |
………….. are meant to store products for moderate to long period of time |
| A. | Storage warehouses |
| B. | Distribution warehouses |
| C. | Automated warehouses |
| D. | None of the above |
| Answer» A. Storage warehouses | |
| 33. |
………….. uses advanced materials handling systems under the direction of a central computer |
| A. | Storage warehouses |
| B. | Distribution warehouses |
| C. | Automated warehouses |
| D. | None of the above |
| Answer» C. Automated warehouses | |
| 34. |
…………….. encompasses all activities associated with the flow and transformation of goods from the raw materialstage, through to the end user, as well as the associated information flows. |
| A. | Production line |
| B. | Supply chain |
| C. | Marketing channel |
| D. | Warehouse |
| Answer» B. Supply chain | |
| 35. |
Which of the following is not one of the process in the SCOR model |
| A. | Sell |
| B. | Plan |
| C. | Make |
| D. | Return |
| Answer» A. Sell | |
| 36. |
According to Professor Mentzer and colleages, the supply chain concept originated in what discipline? |
| A. | Marketing |
| B. | Operations |
| C. | Logistics |
| D. | Production |
| Answer» C. Logistics | |
| 37. |
………….. is the provision of service to customers before, during and after a purchase |
| A. | Customer service |
| B. | Product management |
| C. | Purchase management |
| D. | None of the above |
| Answer» A. Customer service | |
| 38. |
“Kaizen” is a Japanese term meaning |
| A. | A fool proof mechanism |
| B. | Just in time (JIT) |
| C. | A fishbone diagram |
| D. | Continuous improvement |
| Answer» D. Continuous improvement | |
| 39. |
The most common form of quality control includes: |
| A. | Planning |
| B. | Organizing |
| C. | Inspection |
| D. | Directing |
| Answer» C. Inspection | |
| 40. |
When suppliers, distributors, and customers collaborate with each other to improve the performance of the entire system, they are participating in a ………….. |
| A. | Channel of distribution |
| B. | Value delivery network |
| C. | Supply chain |
| D. | Supply and demand chain |
| Answer» B. Value delivery network | |
| 41. |
A supply chain is a sequence of firms that performance activities required |
| A. | To find products that are similar |
| B. | To facilitate wholesalers inventory selections |
| C. | To create synergy in their training programs |
| D. | To create and deliver goods to consumers |
| Answer» D. To create and deliver goods to consumers | |
| 42. |
Intermediaries play an important role in matching …………. |
| A. | Dealer with customer |
| B. | Manufacture to product |
| C. | Information & promotion |
| D. | Supply & demand |
| Answer» D. Supply & demand | |
| 43. |
Today, a growing number of firms now out source some or all of their logistics to …………… intermediaries |
| A. | Competitors |
| B. | Third party logistics providers |
| C. | Channel members |
| D. | Cross functional teams |
| Answer» C. Channel members | |
| 44. |
What technique deal with the problem of supply sufficient facilities to production lines or individuals that require uneven service? |
| A. | Supply-demand theory |
| B. | PERT |
| C. | Inventory theory |
| D. | Queing theory |
| Answer» D. Queing theory | |
| 45. |
A type of logistics costing |
| A. | Consumer costing |
| B. | Employee costing |
| C. | Activity costing |
| D. | None of these |
| Answer» C. Activity costing | |
| 46. |
Supply chain management is increasingly difficult and complex due to: |
| A. | Increased pace of globalization |
| B. | Population |
| C. | Economies of scale |
| D. | Improvements in communication system |
| Answer» A. Increased pace of globalization | |
| 47. |
The time difference between a business ordering and receiving stock is called the |
| A. | Recorder quantity |
| B. | Lead time |
| C. | Buffer stock |
| D. | Recorder level |
| Answer» B. Lead time | |
| 48. |
The business term that involves choosing a supplier, agreeing what to buy at a certain price and by when is called? |
| A. | Logistics |
| B. | Supply chain management |
| C. | Stock control |
| D. | Procurement |
| Answer» D. Procurement | |
| 49. |
Procurement methods have considerable impact on............... |
| A. | Product pricing |
| B. | Inventory level |
| C. | Warehouse space |
| D. | Transportation modes |
| Answer» B. Inventory level | |
| 50. |
AITS in inventory controls means............... |
| A. | All Inventory Transport System |
| B. | Automated Inventory Tracking and System |
| C. | Alternative Inventory Trading System |
| D. | Adoption of Inventory Tracing Storage |
| Answer» B. Automated Inventory Tracking and System | |
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