BUAD 331 Exam 3 UTK Test with Solutions
What negative outcomes can result from large lot-sized, long lead-time operations?
Correct Ans--Customers dont want the items
-the items are in places and times customers dont want them
-unsold items are sold at reduced prices or scrapped altogether
Procurement, conversion, and logistics are activities that must be done to fulfill the exchange
commitment by creating form, time, and place value. Correct Ans-True
Which of the following is the primary issue enterprise systems are designed to address?
Correct Ans-Information Fragmentation
Which ERP vendor entered the enterprise system market nearly 30 years after the first
solution was introduced? Correct Ans-Oracle
Which enterprise system facilitates an organization working more effectively with its supplier
pool? Correct Ans-SRM
EDI and API are essentially the same thing called by different names. Correct Ans-False.
(EDI are computer to computer communication, API- is a reusable service)
, BUAD 331 Exam 3 UTK Test with Solutions
Business to Business integration Correct Ans-_______________ is the physical integration
of disparate systems among supply chain ecosystem members to exchange information in a
timely and qualitative manner.
Electronic linkages help to ensure large businesses and SMBs can more efficiently and
effectively execute procurement and fulfillment processes? Correct Ans-true
The purpose of a _________ is to observe and document everything he/she sees. Correct
Ans-Watcher
Warehouse automation is another phrase for WMS. Correct Ans-False (Warehouse
management System)
The goal of a _____________ is to facilitate the movement of goods and raw materials from
origin to destination in an efficient, reliable, and cost-effective manner. Correct Ans-TMS (
Transportation Management System)
Which of the following is not a common reason organizations invest in IT? Correct Ans-
Additional funds allocated to the IT operating budget
Approximately 20 percent of supply chain leaders believe the digital supply chain will be the
predominant model within the next five years. Correct Ans-False (Idk why but if yall know
let me know and I'll put it in here lol)
What negative outcomes can result from large lot-sized, long lead-time operations?
Correct Ans--Customers dont want the items
-the items are in places and times customers dont want them
-unsold items are sold at reduced prices or scrapped altogether
Procurement, conversion, and logistics are activities that must be done to fulfill the exchange
commitment by creating form, time, and place value. Correct Ans-True
Which of the following is the primary issue enterprise systems are designed to address?
Correct Ans-Information Fragmentation
Which ERP vendor entered the enterprise system market nearly 30 years after the first
solution was introduced? Correct Ans-Oracle
Which enterprise system facilitates an organization working more effectively with its supplier
pool? Correct Ans-SRM
EDI and API are essentially the same thing called by different names. Correct Ans-False.
(EDI are computer to computer communication, API- is a reusable service)
, BUAD 331 Exam 3 UTK Test with Solutions
Business to Business integration Correct Ans-_______________ is the physical integration
of disparate systems among supply chain ecosystem members to exchange information in a
timely and qualitative manner.
Electronic linkages help to ensure large businesses and SMBs can more efficiently and
effectively execute procurement and fulfillment processes? Correct Ans-true
The purpose of a _________ is to observe and document everything he/she sees. Correct
Ans-Watcher
Warehouse automation is another phrase for WMS. Correct Ans-False (Warehouse
management System)
The goal of a _____________ is to facilitate the movement of goods and raw materials from
origin to destination in an efficient, reliable, and cost-effective manner. Correct Ans-TMS (
Transportation Management System)
Which of the following is not a common reason organizations invest in IT? Correct Ans-
Additional funds allocated to the IT operating budget
Approximately 20 percent of supply chain leaders believe the digital supply chain will be the
predominant model within the next five years. Correct Ans-False (Idk why but if yall know
let me know and I'll put it in here lol)
