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 51
1. Due diligence for conflict- or high-risk-materials should include which of the following processes:
A) a method to track the country of origin of materials when they leave the country.
B) a system of controls and transparency regarding the traceability of materials through the supply chain.
C) certification primarily by companies that are selling directly to consumers about the firm×?â?¬â?¢s tier one suppliers.
D) ability to provide documentation of the source materials when they are imported into United Nations countries.
2. The Delphi forecasting method offers which of the following advantages?
A) It is based on widely used statistical formulas.
B) It compensates for the individual biases of the participants.
C) It assigns more weight to the demand from key customers.
D) It reduces the risk that a few individuals will dominate the process.
3. Which of the following product records is internationally recognized for providing detailed categorization and descriptions?
A) Stock keeping unit (SKU)
B) Electronic product code (EPC)
C) Harmonized system classification code
D) Universal product code (UPC)
4. When relocating production offshore, volatility in which of the following areas most likely would impact profitability without modifying product landed costs?
A) Labor costs
B) Currency exchange rates
C) Commodity prices
D) Product quality
5. Variability in product design can best be reduced by:
A) initiating 100% product inspection.
B) outsourcing the design process.
C) broadening design specifications.
D) applying Six Sigma principles.
A) a method to track the country of origin of materials when they leave the country.
B) a system of controls and transparency regarding the traceability of materials through the supply chain.
C) certification primarily by companies that are selling directly to consumers about the firm×?â?¬â?¢s tier one suppliers.
D) ability to provide documentation of the source materials when they are imported into United Nations countries.
2. The Delphi forecasting method offers which of the following advantages?
A) It is based on widely used statistical formulas.
B) It compensates for the individual biases of the participants.
C) It assigns more weight to the demand from key customers.
D) It reduces the risk that a few individuals will dominate the process.
3. Which of the following product records is internationally recognized for providing detailed categorization and descriptions?
A) Stock keeping unit (SKU)
B) Electronic product code (EPC)
C) Harmonized system classification code
D) Universal product code (UPC)
4. When relocating production offshore, volatility in which of the following areas most likely would impact profitability without modifying product landed costs?
A) Labor costs
B) Currency exchange rates
C) Commodity prices
D) Product quality
5. Variability in product design can best be reduced by:
A) initiating 100% product inspection.
B) outsourcing the design process.
C) broadening design specifications.
D) applying Six Sigma principles.
1. Right Answer: B
Explanation:
2. Right Answer: D
Explanation: Reference:https://s4be.cochrane.org/blog/2017/11/15/the-delphi-technique/
3. Right Answer: C
Explanation: Reference:http://www.wcoomd.org/-/media/wco/public/global/pdf/topics/nomenclature/activities-and-programmes/30-years-hs/hs-compendium.pdf?la=en
4. Right Answer: B
Explanation:
5. Right Answer: D
Explanation:
Explanation:
2. Right Answer: D
Explanation: Reference:https://s4be.cochrane.org/blog/2017/11/15/the-delphi-technique/
3. Right Answer: C
Explanation: Reference:http://www.wcoomd.org/-/media/wco/public/global/pdf/topics/nomenclature/activities-and-programmes/30-years-hs/hs-compendium.pdf?la=en
4. Right Answer: B
Explanation:
5. Right Answer: D
Explanation:
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