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SC1 Practice Quiz

Total questions: 40

Worksheet time: 25mins

Name
Class
Date
1.

Intermediaries play an important role in matching services to customers and manufacturers.

4 lines
2.

The process of planning, implementing, and controlling the efficient and effective flow and storage of raw materials, semi-finished and finished products, and related information from the point of origin to the point of consumption.

4 lines
3.

In the paragraph above, what does CRM stand for?

a)

Customer Related Management

b)

Customer Relationship Management

c)

Customs Relationship Managerial

d)

Customs Relationship Management

4.

A supply chain is a sequence of activities by different parties with one objective. What is the correct management of warehouses, transport, and materials that integrate different functions of the business process?

a)

Customer Relations Management

b)

Delivery Order

c)

Flexible Trade

d)

Integrated Logistics Architecture

5.

The act of reducing the selling price of merchandise is known as?

a)

Entertainment

b)

Goods Production

c)

Price Reduction

d)

Storage/Transportation

6.

What is the quality attribute of logistics that refers to the ability to perform the promised service accurately and dependably?

a)

Best Practices

b)

Export Performance

c)

Performance Level

d)

Service Reliability

7.

A service provider that used time-related positioning of resources to meet user requirements.

a)

a. Export

b)

b. Import

c)

c. Logistics

d)

d. Transshipment

8.

As used in the supply chain, who does the end customer refer to?

a)

Buyer

b)

Consumer

c)

Retailer

d)

Wholesaler

9.

Logistics is the part of the supply chain involved with the forward and reverse flow of these items:

a)

All of the Above

b)

Cash

c)

Goods

d)

Services

10.

The growing number of firms now outsource some or all of their logistics to so of intermediaries.

a)

Channel Members

b)

Competitors

c)

Cross-Functional Teams

d)

Third-Party Logistics Providers

11.

Which of the following is not a part of the supply chain management system?

a)

a. Competitor

b)

b. Information flow

c)

c. Manufacturer

d)

d. Supplier

12.

It is a form of flexible logistics used to avoid storage and handling of slow-moving products through the mainstream of the echeloned logistics structure.

a)

Customer Relations Management

b)

Delivery Order

c)

Flexible Trade

d)

Integrated Service Provider

13.

A supply chain is a sequence of firms that perform activities required:

a)

to create and deliver goods to consumers

b)

to create synergy in their training programs

c)

to facilitate wholesalers' inventory selections

d)

to find similar products

14.

It is the term for the goods available for sale and raw materials used to produce goods. It represents one of the most important assets of a business because its turnover represents one of the primary sources of revenue generation and subsequent earnings for the company's shareholders.

a)

Equipment

b)

Inventory

c)

Materials

d)

Profit

15.

The process by which ideas, goods, and services spread throughout the world. In business, the term is often used in an economic context to describe an integrated economy marked by free trade, the free flow of capital, and corporate use of foreign labor markets to maximize returns and benefit the common good.

a)

Free Trade

b)

Global Marketplace

c)

Globalization

d)

Global Trade

16.

These are operational locations that are linked by information and transportation.

a)

Connecting Point

b)

Distribution Center

c)

Echelon

d)

Nodes

17.

To reduce inventory management costs, many companies use a system that involves carrying only small inventories of parts or merchandise, often only enough for a few days of operation. What is this system called?

a)

Economic Order Quantity

b)

Just-In-Time Logistics

c)

Reduction-Inventory Management

d)

Supply Chain Management

18.

It is an internationally accepted commercial term defining the respective roles of the buyer and the seller.

a)

A-Terms

b)

Incoterms

c)

Issuing Documents

d)

Traceability

19.

Supply Chain Management systems are inter-organizational systems that enable companies to efficiently handle the flow of goods from suppliers to customers. A supply chain is a network of organizations and facilities that transforms raw materials into products delivered to customers. The purpose of supply chain management is:

a)

Provide Customer Satisfaction

b)

Increase Production

c)

Improve Quality of a Product

d)

Integrating Supply and Demand Management

20.

For the logistics company to achieve complete delivery of goods, it is advisable to use:

a)

Barcode

b)

Warehouse Management Mobile Application

c)

Barcode and mobile application

d)

Internet and wifi

21.

Today, a growing number of firms now outsource some or all of their logistics to intermediaries through the help of:

a)

third-party logistics providers

b)

competitors

c)

cross-functional teams

d)

channel members

22.

Most of the companies manage their supply chains through this kind of method.

a)

Knowing competitors

b)

Using Information

c)

The Internet

d)

Transportation Modes

23.

Which of the following best describes the primary user groups of an Advanced Planning and Optimization System (APOS)?

a)

Manufacturer and Supplier

b)

Merchant and Customer

c)

Seller and Logistics

d)

Supplier and Seller

24.

It is a model that allows management and employees to better achieve organizational goals through a structured process of employee development.

a)

Management Cycle

b)

Performance Cycle

c)

Product Cycle

d)

Production Cycle

25.

What is the deduction from inventory after the manufacturing stage of the parts was used?

a)

Back Flushing

b)

Backhaul

c)

Back Order

d)

Bench Marking

26.

A supply chain is a sequence of firms that perform activities required to deliver and:

a)

to create and deliver goods to consumers

b)

to facilitate wholesalers' inventory selections

c)

to create synergy in their training programs

d)

to find similar products

27.

It means that all discounts and allowances are factored into the selling price.

a)

Dead net pricing

b)

Good pricing

c)

Stock pricing

d)

All of the above

28.

Companies manage their supply chains through this method because it is the latest trend.

a)

competitors

b)

information

c)

the Internet

d)

transportation modes

29.

Which of the following is not a component of 4PL?

a)

Resource providers

b)

Information

c)

Control room

d)

Recycling

30.

A supply chain is essentially a sequence of linked parties. Who are the parties involved?

a)

suppliers and customers

b)

warehousing and wholesaling units

c)

supplier and manufacturer

d)

customer and prospects

31.

It is the time required to convert raw material or inventory purchases into sales revenue.

a)

a. Cash spin

b)

b. Cash-to-cash conversion

c)

c. Dwell time

d)

d. None of the above

32.

It refers to the inventory quantity available for each period.

a)

Available Stock

b)

Market Stock

c)

Reserved Stock

d)

Work-in-progress stock

33.

The marketing logistics objective is to bring the product to the right customer in the right place and right time, from among the enumerated below, which one does not conform to the said objective.

a)

a. Controlling the physical flow of goods, services, and information

b)

b. Gathering customer's ideas for new products

c)

c. Implementing the plan for the flow of goods and services

d)

d. Planning the physical flow of goods and services

34.

The set of activities concerned with the efficient movement of finished goods from the end of the production operation to the consumer.

a)

Logistics Management

b)

Physical Distribution

c)

Material Management

d)

Freight Forwarding Management

35.

What is the systematic process to make the delivery of goods more efficient by determining which goods, in what quantities, and at what location are required to meet anticipated demand?

a)

Distribution Resource Planning

b)

Distribution Reverse Planning

c)

Distribution Requirement Planning

d)

Dividend Requirement Planning

36.

The ratio of time inventory sits idle in comparison to the amount of time productivity moved to a desired location in the supply chain. It is an ecosystem of connected, collaborative data partners, whereby information gets collected, analyzed, and utilized in real-time. All stakeholders within the critical path obtain accurate visibility, identify weaknesses, streamline processes, and mitigate risk.

a)

Dwell Time

b)

Order-Interval Time

c)

Processing Time

d)

Production Time

37.

Warehouse management system means;

a)

Arranging the warehouse and its inventory.

b)

Having and maintaining the appropriate equipment.

c)

Managing new stock coming into the facility.

d)

Those choices from a, b, and c.

38.

The major decision areas in supply chain management are:

a)

Location, Production, Scheduling, and Inventory

b)

Location, Production, Distribution, and Marketing

c)

Location, Production, Inventory

d)

Planning, Production, Distribution, and Inventory

39.

It is the inventory between stages in the supply chain and the final customer determines the safety inventories in the individual stage of the supply chain.

a)

Customer Relationship Management

b)

Echelon

c)

Responsiveness

d)

Reverse Logistics

40.

It is the important distinction between import/export involvement and establishment of local presence on the fund they used.

a)

Degree of Investment

b)

Free Trade

c)

Global Marketplace

d)

Globalization