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 58
1. A firm is undertaking a revision of its financial metrics to make them more comprehensive and has decided to use metrics such as return on investment (ROI), return on assets (ROA), and economic value added (EVA). This is an example of utilizing which of the following types of metrics?
A) Activity based
B) Stakeholder focused
C) Financial sustainability
D) Value chain
2. Which of the following ISO standards is used to assist organizations with sustainable development?
A) ISO 31000
B) ISO 14001
C) ISO 26000
D) ISO 9001
3. The mission of the global reporting initiative (GRI) is to provide a:
A) comparison of key metrics for companies in the same industries across the globe.
B) feasible business plan that can be shown to global potential investors.
C) trusted and credible framework for reports regarding sustainability practices.
D) transparent collaboration between non-profit organizations and governments.
4. An effective procurement strategy for commodity products should focus on:
A) driving down cost and reducing risk.
B) spreading purchases equally across suppliers.
C) selecting primary and alternate sources.
D) selecting suppliers with value-added products.
5. A company that sells direct to industrial and commercial businesses has become successful by being responsive to the needs of its customers. The company currently produces in each country all of the products it sells in that country. Several countries in which the company operates have negotiated an agreement to establish a trading bloc. Which of the following actions by the company would be most appropriate if the agreement is implemented?
A) Consolidate production outside the trading bloc to reduce total costs.
B) Consolidate production within the trading bloc to reduce tariffs paid.
C) Outsource the production of products with low sales volumes to reallocate capacity.
D) Reassign products so that each is produced in a single facility within the trading bloc to get economies of scale.
A) Activity based
B) Stakeholder focused
C) Financial sustainability
D) Value chain
2. Which of the following ISO standards is used to assist organizations with sustainable development?
A) ISO 31000
B) ISO 14001
C) ISO 26000
D) ISO 9001
3. The mission of the global reporting initiative (GRI) is to provide a:
A) comparison of key metrics for companies in the same industries across the globe.
B) feasible business plan that can be shown to global potential investors.
C) trusted and credible framework for reports regarding sustainability practices.
D) transparent collaboration between non-profit organizations and governments.
4. An effective procurement strategy for commodity products should focus on:
A) driving down cost and reducing risk.
B) spreading purchases equally across suppliers.
C) selecting primary and alternate sources.
D) selecting suppliers with value-added products.
5. A company that sells direct to industrial and commercial businesses has become successful by being responsive to the needs of its customers. The company currently produces in each country all of the products it sells in that country. Several countries in which the company operates have negotiated an agreement to establish a trading bloc. Which of the following actions by the company would be most appropriate if the agreement is implemented?
A) Consolidate production outside the trading bloc to reduce total costs.
B) Consolidate production within the trading bloc to reduce tariffs paid.
C) Outsource the production of products with low sales volumes to reallocate capacity.
D) Reassign products so that each is produced in a single facility within the trading bloc to get economies of scale.
1. Right Answer: C
Explanation:
2. Right Answer: C
Explanation:
3. Right Answer: C
Explanation:
4. Right Answer: A
Explanation:
5. Right Answer: D
Explanation:
Explanation:
2. Right Answer: C
Explanation:
3. Right Answer: C
Explanation:
4. Right Answer: A
Explanation:
5. Right Answer: D
Explanation:
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