(WGU D072) BUS 2010 Fundamentals for Success in Business - FA Pre Test Guide (WGU D072) BUS 2010 Fundamentals for Success in Business - FA Pre Test Guide (WGU D072) BUS 2010 Fundamentals for Success in Business - FA Pre Test Guide
,1. Multiple Choice: Which of the following is a key factor in
successful supply chain management?
a) Cost reduction
b) Time management
c) Customer satisfaction
d) All of the above
Correct Answer: d) All of the above
Rationale: Successful supply chain management involves a
holistic approach that includes cost reduction, efficient time
management, and ensuring customer satisfaction.
2. Fill-in-the-Blank: The ________ effect is a phenomenon in
forecast-driven distribution channels.
Correct Answer: Bullwhip
Rationale: The Bullwhip effect refers to the increasing swings in
inventory in response to shifts in consumer demand as one moves
further up the supply chain.
3. True/False: Outsourcing logistics operations always reduces the
complexity of supply chain management.
Correct Answer: False
, Rationale: While outsourcing can reduce certain aspects of
complexity, it can also introduce new challenges and dependencies
that must be managed.
4. Multiple Response: Select all that apply. Which of the following
are benefits of utilizing just-in-time (JIT) inventory systems?
a) Reduced inventory holding costs
b) Minimized waste
c) Increased process efficiencies
d) Enhanced supplier relationships
Correct Answers: a) Reduced inventory holding costs, b)
Minimized waste, c) Increased process efficiencies
Rationale: JIT inventory systems focus on reducing inventory
holding costs, minimizing waste, and increasing process efficiencies,
but they do not inherently enhance supplier relationships.
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