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OPM530 CHAPTER 9

Total questions: 10

Worksheet time: 20mins

Name
Class
Date
1.

Which of the following would NOT typically be considered as part of a manufacturing firm's supply chain?

a)

suppliers

b)

landscaping contractors

c)

retailers

d)

wholesalers

2.

Which sourcing strategy is particularly common when the product being sourced is iron ore?

a)

few suppliers

b)

many suppliers

c)

keiretsu

d)

vertical integration

3.

One of the advantages of ______________ strategy is obtaining suppliers' willingness to provide technological expertise

a)

few suppliers

b)

many suppliers

c)

keiretsu

d)

vertical integration

4.

A fried chicken fast-food chain that acquired feed mills and poultry farms has performed which of the following?

a)

horizontal integration

b)

forward integration

c)

backward integration

d)

current transformation

5.

A rice mill named Kilang Beras Sembang Gajah Pun Boleh Bawak Kapalterbang purchases the trucking firm that transports packaged rice to distributors. This is an example of which of the following?

a)

horizontal integration

b)

forward integration

c)

backward integration

d)

current transformation

6.

Japanese manufacturers often pursue a strategy that is part collaboration, part purchasing from a few suppliers, and part vertical integration. What is this approach called?

a)

kaizen

b)

doraemon

c)

keiretsu

d)

naruto

7.

___________ strategy allows low capital investment, flexibility, and speed.

a)

Vertical integration

b)

Joint ventures

c)

Keiretsu networks

d)

Virtual companies

8.

Insurance can be used to mitigate all of these supply chains risks, except

a)

Natural catastrophes

b)

Theft/Vandalism

c)

Political instability

d)

Information loss

9.

What are the four stages of supplier selection?

a)

supplier evaluation, supplier development, negotiations, and contracting

b)

supplier evaluation, negotiations, supplier acquisition, and supplier development

c)

introduction, growth, maturity, and decline

d)

supplier evaluation, supplier development, negotiations, and centralized purchasing

10.

In what type of auction does a buyer initiate the process by submitting a description of the desired product or service?

a)

traditional

b)

buyer

c)

reverse

d)

backward