1) A unique feature of integrated logistics is:
A) The newness of the concept
B) Its fundamental similar to military operations
C) Complexity and scope of operations
D) The fact that it employs many people
Answer: C
Difficulty: 1 Easy
Topic: The Supply Chain Revolution
Learning Objective: 01-01 The Supply Chain Revolution
Bloom's: Remember
AACSB: Knowledge Application
Accessibility: Keyboard Navigation
2) What is the primary reason that responsiveness has decreased over the past two decades:
A) Improvement in Federal Highways
B) Better Sea Ports
C) Development of Double Stack Containers
D) Information Technology
Answer: D
Difficulty: 1 Easy
Topic: The Supply Chain Revolution
Learning Objective: 01-01 The Supply Chain Revolution
Bloom's: Remember
AACSB: Knowledge Application
Accessibility: Keyboard Navigation
3) A Supply Chain is best described by which of the following:
A) A group of cooperative carriers
B) A group of collaborative companies
C) A formal association of competitive companies
D) Two firms who create a strategic alliance
Answer: B
Difficulty: 1 Easy
Topic: The Supply Chain Revolution
Learning Objective: 01-01 The Supply Chain Revolution
Bloom's: Remember
AACSB: Knowledge Application
Accessibility: Keyboard Navigation
,4) Which of the following best describes an integrative supply chain process:
A) Something that links together independent parts
B) A concept that identifies independent parts
C) A conglomeration of functions
D) The link of critical parts of a supply chain
Answer: D
Difficulty: 2 Medium
Topic: Why Integration Creates Value
Learning Objective: 01-02 Why Integration Creates Value
Bloom's: Understand
AACSB: Knowledge Application
Accessibility: Keyboard Navigation
5) The concept of postponement:
A) Involves two organizations working together to delay delivery
B) Involves strategic delay of the delivery
C) Seeks to reduce the risk of delivery
D) Seeks to reduce the risk of anticipation
Answer: D
Difficulty: 2 Medium
Topic: Integrative Management and Supply Chain Processes
Learning Objective: 01-06 Integrative Management and Supply Chain Processes
Bloom's: Understand
AACSB: Knowledge Application
Accessibility: Keyboard Navigation
6) Collaboration is the act of:
A) Sharing secret information
B) Working with competitors
C) Integrating components of a supply chain
D) Legal in selected supply chain arrangements
Answer: C
Difficulty: 2 Medium
Topic: Integrative Management and Supply Chain Processes
Learning Objective: 01-06 Integrative Management and Supply Chain Processes
Bloom's: Understand
AACSB: Knowledge Application
Accessibility: Keyboard Navigation
, 7) An integrated service supplier (ISP) seeks to:
A) Provide critical operational functionality in a supply chain
B) Specializes in providing a specialized service
C) Bring together two otherwise separate functions
D) None of the above
Answer: A
Difficulty: 1 Easy
Topic: Integrative Management and Supply Chain Processes
Learning Objective: 01-06 Integrative Management and Supply Chain Processes
Bloom's: Remember
AACSB: Knowledge Application
Accessibility: Keyboard Navigation
8) The lowest total process cost:
A) Is always the sum of the lowest cost for each involved function
B) May be the lowest cost of each involved function
C) Is the lowest cost of each involved function
D) Is a product of careful cost integration
Answer: B
Difficulty: 2 Medium
Topic: Integrative Management and Supply Chain Processes
Learning Objective: 01-06 Integrative Management and Supply Chain Processes
Bloom's: Understand
AACSB: Knowledge Application
Accessibility: Keyboard Navigation
9) The Anticipatory Business Model is best described by which statement:
A) Driven by forecast
B) Driven by information technology
C) Builds on the principles of time-based competition
D) Is a low risk strategy
Answer: A
Difficulty: 2 Medium
Topic: Responsiveness
Learning Objective: 01-01 The Supply Chain Revolution
Bloom's: Understand
AACSB: Knowledge Application
Accessibility: Keyboard Navigation
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller evileye251. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $27.24. You're not tied to anything after your purchase.