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 90
1. Sell-side e-commerce must include:
A) automated returns processing.
B) advance ship notice (ASN).
C) electronic data interchange (EDI).
D) automated order entry and tracking.
2. Kaizen is a process used in supply chain networks primarily to achieve:
A) long-term stability of suppliers.
B) radical changes in interorganizational processes.
C) higher profits for the dominant member.
D) improved performance.
3. Which of the following actions is most likely to improve the flow of funds between a group of supply chain partners?
A) Increasing the level of information sharing and collaboration
B) Negotiating a single set of terms for the trading partners
C) Increasing a partner×?â?¬â?¢s cash-to-cash cycle time
D) Selecting a single currency for all group transactions
4. A key assumption of the economic order quantity (EOQ) is that:
A) future demand cannot be projected.
B) the rate of demand is continuous and constant.
C) reorder frequency is fixed.
D) as the lot size decreases, the setup cost per unit decreases.
5. A company is seeking to attract recent college graduates as customers. Which of the following market characteristics should the company use in order to segment its customers?
A) Geographic
B) Demographic
C) Price sensitivity
D) Cultural
A) automated returns processing.
B) advance ship notice (ASN).
C) electronic data interchange (EDI).
D) automated order entry and tracking.
2. Kaizen is a process used in supply chain networks primarily to achieve:
A) long-term stability of suppliers.
B) radical changes in interorganizational processes.
C) higher profits for the dominant member.
D) improved performance.
3. Which of the following actions is most likely to improve the flow of funds between a group of supply chain partners?
A) Increasing the level of information sharing and collaboration
B) Negotiating a single set of terms for the trading partners
C) Increasing a partner×?â?¬â?¢s cash-to-cash cycle time
D) Selecting a single currency for all group transactions
4. A key assumption of the economic order quantity (EOQ) is that:
A) future demand cannot be projected.
B) the rate of demand is continuous and constant.
C) reorder frequency is fixed.
D) as the lot size decreases, the setup cost per unit decreases.
5. A company is seeking to attract recent college graduates as customers. Which of the following market characteristics should the company use in order to segment its customers?
A) Geographic
B) Demographic
C) Price sensitivity
D) Cultural
1. Right Answer: C
Explanation:
2. Right Answer: D
Explanation: Reference:
3. Right Answer: D
Explanation: https://mexicomlogistics.com/how-to-start-applying-the-kaizen-principles-in-logistics-and-supply-chain/
4. Right Answer: B
Explanation: Reference:
5. Right Answer: B
Explanation: http://financialmanagementpro.com/economic-order-quantity-eoq-model/
Explanation:
2. Right Answer: D
Explanation: Reference:
3. Right Answer: D
Explanation: https://mexicomlogistics.com/how-to-start-applying-the-kaizen-principles-in-logistics-and-supply-chain/
4. Right Answer: B
Explanation: Reference:
5. Right Answer: B
Explanation: http://financialmanagementpro.com/economic-order-quantity-eoq-model/
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