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 6
1. The Global Reporting Initiative (GRI) economic scope includes economic performance, market presence and:
A) product labeling practices
B) quality practices
C) legal practices
D) procurement practices
2. A company recently announced a recall of imported lead-tainted toys sold through a network of retailers. The recall is related to which of the following attributes of an agile supply chain?
A) Visibility
B) Variability
C) Value
D) Velocity
3. Producing finished goods in a manufacturing environment has which of the following financial impacts?
A) Conversion of assets to overhead costs
B) Conversion of overhead costs to assets
C) Conversion of overhead costs to liabilities
D) Conversion of assets to equity
4. Which of the following arguments are made against traditional accounting methods for logistics expenses to an organization?
A) They are more difficult to accumulate
B) They overstate the costs of logistics
C) They obscure important costs
D) They incorrectly state the timing of logistics costs
5. Which of the following actions is most likely to lead to successful implementation of sales and operations planning (S&OP)?
A) Automating data sharing between the sales and operations departments
B) Adjusting the forecast to match the budget forecast
C) Executing the process every month
D) Focusing solely on the short term planning horizon
A) product labeling practices
B) quality practices
C) legal practices
D) procurement practices
2. A company recently announced a recall of imported lead-tainted toys sold through a network of retailers. The recall is related to which of the following attributes of an agile supply chain?
A) Visibility
B) Variability
C) Value
D) Velocity
3. Producing finished goods in a manufacturing environment has which of the following financial impacts?
A) Conversion of assets to overhead costs
B) Conversion of overhead costs to assets
C) Conversion of overhead costs to liabilities
D) Conversion of assets to equity
4. Which of the following arguments are made against traditional accounting methods for logistics expenses to an organization?
A) They are more difficult to accumulate
B) They overstate the costs of logistics
C) They obscure important costs
D) They incorrectly state the timing of logistics costs
5. Which of the following actions is most likely to lead to successful implementation of sales and operations planning (S&OP)?
A) Automating data sharing between the sales and operations departments
B) Adjusting the forecast to match the budget forecast
C) Executing the process every month
D) Focusing solely on the short term planning horizon
1. Right Answer: D
Explanation: Reference:https://www.globalreporting.org/standards/media/1378/item-05-background-on-review-of-gri-201-economic-performance.pdf
2. Right Answer: C
Explanation: Reference:https://www.foodlogistics.com/safety/blog/21033145/qad-inc-how-a-connected-supply-chain-can-minimize-the-effects-of-a-recall
3. Right Answer: C
Explanation: Reference:https://opentextbc.ca/principlesofaccountingv2openstax/chapter/explain-and-identify-conversion-costs-2/
4. Right Answer: C
Explanation: Reference:https://www.researchgate.net/publication/261631481_Supply_Chain_Management_and_Management_Accounting_A_Case_Study_of_Activity-Based_Costing
5. Right Answer: C
Explanation:
Explanation: Reference:https://www.globalreporting.org/standards/media/1378/item-05-background-on-review-of-gri-201-economic-performance.pdf
2. Right Answer: C
Explanation: Reference:https://www.foodlogistics.com/safety/blog/21033145/qad-inc-how-a-connected-supply-chain-can-minimize-the-effects-of-a-recall
3. Right Answer: C
Explanation: Reference:https://opentextbc.ca/principlesofaccountingv2openstax/chapter/explain-and-identify-conversion-costs-2/
4. Right Answer: C
Explanation: Reference:https://www.researchgate.net/publication/261631481_Supply_Chain_Management_and_Management_Accounting_A_Case_Study_of_Activity-Based_Costing
5. Right Answer: C
Explanation:
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