1. Which of the following costing approaches directly reflects logistics performance?

A) Activity-based
B) Total landed
C) Standard
D) Weighted average



2. When a company works on controlling stockout frequency, the company is addressing which of the following attributes of customer service?

A) Availability
B) Delivery time
C) Service reliability
D) Service recovery



3. Products that share characteristics of predictable demand and low profit margin will have competition based on which of the following?

A) Fastest to market
B) Lowest landed cost
C) Product improvements
D) Supply flexibility



4. A key challenge in managing the supply chain for an innovative product is that:

A) contribution margins will be slim.
B) the product life cycle will be long.
C) product demand will be volatile.
D) inventory levels must be minimal.



5. Bullwhip effect can be reduced by which of the following combinations of actions?

A) Information sharing, batch ordering, variable pricing
B) Shortage gaming, frequent ordering, consistent pricing
C) Information sharing, frequent ordering, variable pricing
D) Information sharing, frequent ordering, consistent pricing