
Quiz 1_Module 7
Authored by Jabez Molar
Financial Education
12th Grade
Used 1+ times

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15 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the goal of Supply Chain Management (SCM)?
To ignore customer needs
To complicate processes
To increase costs
To match supply to demand effectively and efficiently
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does Logistics refer to in a supply chain?
Managing customer relationships
Forecasting demand
Quality assurance
Movement of goods within a facility
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is RFID technology used for in supply chains?
To decrease supply chain visibility
To improve inventory management
To reduce quality control
To increase shipping costs
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are the key aspects of Supply Chain Management (SCM)?
Matching supply to demand effectively and efficiently
Determining inappropriate levels of outsourcing
Managing risks effectively
Ignoring customer relationships
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main responsibility of SCM managers?
Forecasting demand
Avoiding ethical problems
Sourcing and procurement of materials and services
Ignoring supplier relationships
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are the benefits of outsourcing in a supply chain?
Increased transportation costs
Lower productivity
Loss of control
Ability to focus on core strengths
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are the risks of outsourcing in a supply chain?
Increased effort required to manage the supply chain
Lower prices due to lower labor costs
Permits the conversion of fixed costs to variable costs
Ability to take advantage of a supplier's expertise
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