Bus 230 Wk 2 Quiz Chapter 1 - All Possible Questions

BUS 230 WK 2 Quiz Chapter 1 - All Possible Questions

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BUS 230 WK 2 Quiz Chapter 1 - All Possible Questions

CHAPTER 1 QUIZ

1. The design and management of seamless, value-added processes across organizational boundaries to meet the real needs of the end customer is called:

a. strategic sourcing.
b. value management.
c. customer relationship management.
d. supply chain management.
e. strategic process management.
2. As supply chains have become more global, the risk of supply disruptions has:

a. decreased because risk is spread among suppliers all over the world.
b. decreased because there are also more international laws and treaties.
c. stayed the same because the issues are similar wherever suppliers are located.
d. increased because other countries lack the business ethics of the U.S.
e. increased because of financial and exchange rate fluctuations.
3. Performance of the supply management function can be viewed in two contexts:

a. operational and trouble-avoidance.
b. operational and strategic.
c. operational and transactional.
d. strategic and opportunistic.
e. strategic and future-oriented.
4. The return on assets effect (ROA) quantifies and measures:

a. the indirect contribution of supply management to profitability.
b. any increase in sales that occurs at a greater rate than the cost of assets.
c. the impact of supply actions on inventory and the balance sheet.
d. reductions in the allocations to the operating budget of the supply department.
e. the effect on profitability of reduced spend compared to a sales increase.



5. Supply has the potential to contribute to:

a. cost management, profitability, return on assets, competitive position and corporate social policy.
b. cost management, profitability, return on assets and competitive position.
c. cost management, profitability and...