CA Foundation Business Economics Questions 2023 - Part 32
Fri, 03 Mar 2023
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APICS Certified Supply Chain Professional CSCP new Practice Questions 2023 - Part 32
1. When choosing a supplier in a market-responsive supply chain, a company most appropriately would make the selection on the basis of quality and:
A) product cost
B) product development capabilities
C) cost of delivery
D) speed
2. A railway company investing in a signaling system to help identify and restore service quickly is an example of:
A) risk resilience
B) risk tolerance
C) risk appetite
D) risk mitigation
3. Understanding the unique needs and wants of a market segment is important because segments may have:
A) varying numbers of customers for the same product or service
B) a focus on transactional interactions
C) a focus on relational interactions
D) varying time demands for the same product or service
4. A work center's demonstrated capacity for the last week was 160 standard hours. Its demonstrated capacity for the last 6 weeks was 140 standard hours. Which of the following numbers would be best to use to determine the appropriate future load for the work center?
A) 160 standard hours, because it reflects what the work center has proven it can do
B) 160 standard hours, because it reflects what happened most recently
C) 150 standard hours, because it is the average of the last two periods
D) 140 standard hours, because it is based on a greater number of periods
5. Value stream mapping provides the most benefit during which of the following tasks?
A) Analyzing a supplier relationship management (SRM) system
B) Identifying non-value-added activities
C) Planning kaizen events
D) Implementing a quality improvement initiative
A) product cost
B) product development capabilities
C) cost of delivery
D) speed
2. A railway company investing in a signaling system to help identify and restore service quickly is an example of:
A) risk resilience
B) risk tolerance
C) risk appetite
D) risk mitigation
3. Understanding the unique needs and wants of a market segment is important because segments may have:
A) varying numbers of customers for the same product or service
B) a focus on transactional interactions
C) a focus on relational interactions
D) varying time demands for the same product or service
4. A work center's demonstrated capacity for the last week was 160 standard hours. Its demonstrated capacity for the last 6 weeks was 140 standard hours. Which of the following numbers would be best to use to determine the appropriate future load for the work center?
A) 160 standard hours, because it reflects what the work center has proven it can do
B) 160 standard hours, because it reflects what happened most recently
C) 150 standard hours, because it is the average of the last two periods
D) 140 standard hours, because it is based on a greater number of periods
5. Value stream mapping provides the most benefit during which of the following tasks?
A) Analyzing a supplier relationship management (SRM) system
B) Identifying non-value-added activities
C) Planning kaizen events
D) Implementing a quality improvement initiative
1. Right Answer: D
Explanation: Reference:https://precoro.com/blog/four-basic-stages-of-supplier-selection/
2. Right Answer: D
Explanation:
3. Right Answer: D
Explanation: Reference:https://www.nust.na/sites/default/files/documents/CAO712S_Schiffman_CB10e_IM_03.pdf
4. Right Answer: D
Explanation:
5. Right Answer: C
Explanation: Reference:https://www.plutora.com/blog/value-stream-mapping
Explanation: Reference:https://precoro.com/blog/four-basic-stages-of-supplier-selection/
2. Right Answer: D
Explanation:
3. Right Answer: D
Explanation: Reference:https://www.nust.na/sites/default/files/documents/CAO712S_Schiffman_CB10e_IM_03.pdf
4. Right Answer: D
Explanation:
5. Right Answer: C
Explanation: Reference:https://www.plutora.com/blog/value-stream-mapping
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