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 87
1. A company has an asset turnover ratio of 1.8, inventory of $3,000, a 20% profit margin, and $5,000 in total assets. What is the total sales volume for the company?
A) $5,400
B) $9,000
C) $15,000
D) $25,000
2. A manufacturing company has several inexpensive items that are critical to the production process. The supply of these items has been depleted several times.Which of the following actions is most likely to reduce stockouts?
A) Assign personnel to manage the items.
B) Standardize the items.
C) Increase minimum inventory levels for the items.
D) Initiate a vendor-managed inventory (VMI) program for the items.
3. Effective data acquisition for supply chain management requires:
A) establishment of market standards for forecasting accuracy.
B) establishment of a six-segment matrix classifying function and innovation.
C) identification of products that have market predictability.
D) identification of the proper supply chain profile for the product type.
4. The primary business advantage of developing an international supply chain is to:
A) reduce transportation costs.
B) decrease inventory costs.
C) limit the number of component suppliers.
D) realize economies of scale in production and distribution.
5. Transforming company policies into objectives and specific goals creates a:
A) performance standard.
B) organizational benchmark.
C) supply chain metric.
D) balanced scorecard.
A) $5,400
B) $9,000
C) $15,000
D) $25,000
2. A manufacturing company has several inexpensive items that are critical to the production process. The supply of these items has been depleted several times.Which of the following actions is most likely to reduce stockouts?
A) Assign personnel to manage the items.
B) Standardize the items.
C) Increase minimum inventory levels for the items.
D) Initiate a vendor-managed inventory (VMI) program for the items.
3. Effective data acquisition for supply chain management requires:
A) establishment of market standards for forecasting accuracy.
B) establishment of a six-segment matrix classifying function and innovation.
C) identification of products that have market predictability.
D) identification of the proper supply chain profile for the product type.
4. The primary business advantage of developing an international supply chain is to:
A) reduce transportation costs.
B) decrease inventory costs.
C) limit the number of component suppliers.
D) realize economies of scale in production and distribution.
5. Transforming company policies into objectives and specific goals creates a:
A) performance standard.
B) organizational benchmark.
C) supply chain metric.
D) balanced scorecard.
1. Right Answer: B
Explanation:
2. Right Answer: C
Explanation:
3. Right Answer: D
Explanation:
4. Right Answer: D
Explanation:
5. Right Answer: A
Explanation:
Explanation:
2. Right Answer: C
Explanation:
3. Right Answer: D
Explanation:
4. Right Answer: D
Explanation:
5. Right Answer: A
Explanation:
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