Exam (elaborations)
MNP2601 - ASSESSMENT 5 - QUESTIONS AND ANSWERS - SEMESTER 2 - 2024
- Course
- Institution
All assessments in this document scored distinctions. Using it correctly guarantees distinction.
[Show more]
1 review
By: DoncabeIntelligentAcademy • 2 months ago
Seller
Follow
sotholesothole0
Reviews received
Content preview
2024 – S1 – MNP2601 – ASSESSMENT 5 – Q&AAssessment 5
Started on Monday, 13 May 2024,
State Finished
Completed on Monday, 13 May 2024,
Time taken
Marks 15.00/15.00
Grade 1000.00 out of 100.00
Question 1
The strategic sourcing matrix categorises long-term capital investments, such as a
cold seal machine for products with a very short shelf life, as a critical project.
True
False
Feedback
The correct answer is 'True'.
Question 2
The ABC analysis assists managers to identify inventory items that would need no
attention.
True
False
Feedback
The correct answer is 'False'.
1
,2024 – S1 – MNP2601 – ASSESSMENT 5 – Q&A
Question 3
A retailer regularly buys selected fresh produce items from a general distributor of
fresh produce. The retailer has reaped the benefits discounts received when paying
the distributor within 10 days, instead of 30 days, after being invoiced. What type of
discount is the retailer receiving from the distributor?
Cash discount
Trade discount
Quantity discount
Promotion discount
Feedback
The correct answer is:
Cash discount
Question 4
Part of the reason why an online fruit and veg retailer only delivers on Saturdays is
because management believes it reduces stock levels and keep waste to a
minimum. Considering the nature of this retailer's product, what in your view is the
inventory holding cost or risk that they face?
Inventory insurance
Damage or loss due to deterioration
Obsolescence
Economic depreciation
2
,2024 – S1 – MNP2601 – ASSESSMENT 5 – Q&A
Feedback
The correct answer is:
Damage or loss due to deterioration
Question 5
Consult figure 9.9 in the prescribed book (both 7th and 8th editions). What critical
element of the Just-in-Time-based (JIT) approach is depicted here?
Based on the horizontal line at the bottom of the figure, the “start to finish” is
longer of JIT purchasing than for conventional purchasing.
Based on the inclusion of quality control block in both types of purchasing,
this step remains a time-consuming step in both conventional and JIT
purchasing.
Based on the size and number of the grey blocks, all steps of the conventional
purchasing process are still followed in during JIT purchasing.
Based on the horizontal line at the bottom of the figure, lead time is reduced
with JIT approach and gives a competitive advantage.
Feedback
The correct answer is:
Based on the horizontal line at the bottom of the figure, lead time is reduced
with JIT approach and gives a competitive advantage.
3
, 2024 – S1 – MNP2601 – ASSESSMENT 5 – Q&A
Question 6
In their effort to run the organisation smoothly, an online retailer operating
from a dark store must have taken considerable time training their contracted
Uber drivers to deliver orders as fast as possible, given the traffic and
complexity of the neighbourhoods where they deliver. Over time, they have
built a solid relationship with an agile team of drivers who obtained valuable
skills. This scenario is an example of the benefits reaped from:
Following the learning curve
Performing a price analysis
Optimising ordering costs
Performing the breakeven analysis
Feedback
The correct answer is:
Following the learning curve
Question 7
During the Covid-19 pandemic, Harry’s shoes, a local handmade shoe shop,
struggled to get raw materials and pay his rent. After the pandemic, all his costs
increased astronomically. At this stage Harry needs to decide if he can afford to keep
his shoe shop open.
Currently Harry’s costs are R300 per pair of shoes, what would the selling price per
pair of shoes be to maintain a 50% mark-up?
4
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
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 sotholesothole0. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $4.24. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
52510 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now