PSTQUIZ225

PSTQUIZ225

1st Grade

20 Qs

quiz-placeholder

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PSTQUIZ225

PSTQUIZ225

Assessment

Quiz

Business

1st Grade

Practice Problem

Easy

Created by

Fransisca Widjaja

Used 3+ times

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20 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following best defines a supply chain?

A group of retail stores

A company’s internal management

A system of organizations involved in moving a product from supplier to customer 

A warehouse connected to a factory

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which function manages the relationship between supply and demand in the supply chain?

Procurement

Finance

Demand planning 

Invoicing

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the ‘bullwhip effect’ refer to in a supply chain?

Stable product demand

Centralized warehousing

Increasing order variability up the supply chain 

Faster product delivery

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How can good supply chain management contribute to a company's competitiveness?

By reducing product innovation

By lowering delivery speed

By improving cost efficiency and customer satisfaction 

By outsourcing marketing functions

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following strategies can help reduce the bullwhip effect?

Increasing order quantities

Reducing visibility between supply chain partners

Sharing real-time demand data 

Using only one supplier

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

"Making it right the first time" is:

  1. A user-based definition of quality.

  1. A manufacturing-based definition of quality.

  1. A product-based definition of quality.

  1. The definition of quality proposed by the American Society for Quality

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

All of the following costs are likely to decrease as a result of better quality EXCEPT:

  1. customer dissatisfaction costs.

  1. inspection costs.

  1. scrap costs.

  1. warranty and service costs.

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