Exam (elaborations)

APIC CSCP MODULE 1 EXAM 2024 WITH 100% CORRECT ANSWERS

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Course
Supply chain management

Institution
Supply Chain Management

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apic cscp module 1

Institution Supply chain management
Course Supply chain management

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APIC CSCP MODULE 1
EXAM 2024 WITH 100% CORRECT ANSWERS

"You are working in an organization that is in the second developmental stage of organizational design.
What should you be prepared to do? - Correct Answer Communicate upward or laterally in functional
teams."

"An organization that networks its enterprise resources planning (ERP) systems across corporate
boundaries might do which of the following to reduce the bullwhip effect? - Correct Answer Send
point-of-sale data directly to suppliers."

What would be the best tool to use to balance a set of complex priorities for a supply chain that includes
cost minimization, resilience, and time to market? - Correct Answer Operations research"

"A design engineer is creating a product that conforms to customer needs according to market research.
Which of the following is the most important secondary design element that the engineer should
include in the design? - Correct Answer It can be sold for a positive return."

"Which of the following best describes profit margin? - Correct Answer Difference between sales and
cost of goods sold"

"A SWOT analysis is: - Correct Answer a tool used to analyze an organization's current state and
opportunities."

"Maria sells her paintings in the street market on weekends. What is Tier 2 suppliers in this supply chain
model? - Correct Answer Paint wholesaler"

"If the overall economy of a country is in a trough but economic leading indicators show a healthy
increase in demand for the next quarter, which would be a good strategic choice for a risk-seeking
organization to make? - Correct Answer Hire high-quality new employees at reasonable salaries."

"Direct materials plus direct labor plus manufacturing overhead equals: - Correct Answer the cost of
goods sold."

"What is prompting many countries to adopt the International Financial Reporting Standards (IFRS)? -
Correct Answer Growth in international shareholders and trade"

"If you are working in a firm that is in Stage 1 of supply chain management evolution, you should be
prepared for: - Correct Answer overly optimistic forecasting."

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,"Although it depends upon the type of industry, in most cases supply chain costs can total what
percentage of a company's revenues? - Correct Answer 50%"

"Should the supply chain manager of a channel master monitor the communications process between it
and its strategic trading partners? - Correct Answer Yes. It is important that communications stay
complete, accurate, and respectful."

"Which is a best practice for a person fulfilling a project manager role? - Correct Answer Project
managers admit to mistakes and see them as learning opportunities."

"According to macroeconomic theory, as aggregate prices decrease, what happens to the real gross
domestic product (GDP), and why? - Correct Answer Real GDP increases, because there is more real
wealth."

"A supply chain that produces and sells bar soap using traditional forecasting at each stage has been
experiencing the bullwhip effect. Which of the following has the strongest influence on this effect? -
Correct Answer Safety stock"

"What are the three essential elements of a performance measurement system? - Correct Answer A
criterion, a standard, and a measure"

"According to Michael Porter, in his influential work on business strategy Competitive Advantage, what
else needs to be integrated into a business plan if it already specifies customer service, sales channels, a
value system, and an asset footprint? - Correct Answer Whether to use make-to-stock or some other
operating model"

"In a low-price supermarket chain, the stores, the distribution centers, the third-party logistics provider,
and the manufacturers work together to replace what is sold in the stores within less than 24 hours.
What type of supply chain structure does that illustrate? - Correct Answer Reactive efficient"

"What are the attributes of basic customer service? - Correct Answer Availability, operational
performance, and customer satisfaction"

"After performing an extensive customer survey, what else does an organization need to do to discover
whether there are any customer requirements being missed in the market? - Correct Answer Scan
what the competitors are offering."

"If each step of a supply chain adds value, what else can the customer expect to see aside from utility? -
Correct Answer Attractiveness, price, and availability"

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, "A retailer decides to commission the creation of a line of shoes to sell as an accessory to designer
evening gowns. Which of the following would be the most appropriate business strategy? - Correct
Answer Collaborative design for a unique look"

"Which of the following strategies represents the traditional "over the wall" approach to product
design? - Correct Answer Supplier plays no role in design."

"Proactively managing risk rather than being reactive provides which of these benefits to the
organization? - Correct Answer Competitive advantage"

"Which of the following statements about purchased customer data is true? - Correct Answer The data
may be more useful for new customer acquisition."

"Which two forces have the most significant impact in revolutionizing supply chain management?

Increased project complexity and scope
Market stabilization
Global expansion
Use of third-party logistics providers - Correct Answer I and III"

"Dropping the price of a popular new technological gadget to match the price of a substitute product
just coming out will likely have what effect? - Correct Answer Large increase in demand"

"With a laterally integrated supply chain, an organization may: - Correct Answer make gains in scale
and scope but lose its ability to see the larger processes."

"In a service industry such as an electrical utility supply chain, which of the following is a Tier 1 supplier?
- Correct Answer Facility maintenance"

"The APICS Dictionary, 15th edition, refers to a supply chain as a "global network." Which of the
following correctly indicates what could comprise this network? - Correct Answer Entities and
processes (the engineered flow) of any size or configuration"

"A company that has multiple disconnected legacy systems notes that a competitor is sharing real-time
information and collaboration with first-tier suppliers and customers. The company wants to leap
quickly forward to match or surpass the competitor's supply chain functionality. What stage can this firm
achieve with a single upgrade project, assuming that they have enough capital to invest in the effort? -
Correct Answer Semifunctional enterprise"

"What lesson can be learned from studying a humanitarian and disaster relief supply chain? - Correct
Answer When social and physical infrastructure breaks down, long-term relationships based on trust
become invaluable."

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