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QUESTION NO: 1
The globalization of a supply chain typically increases uncertainty and:
A.production lead time.
B.local competition.
C.documentation complexity.
D.product standardization.
Answer: C

QUESTION NO: 2
A manufacturer has direct relationships with its tier 1 suppliers. Which of the following supplier capabilities is a benefit to the manufacturer establishing a direct relationship with lower-tier suppliers?
A.Provides smaller lot sizes
B.Provides components with short lead times
C.Provides Just in Time deliveries
D.Provides information about impending shifts in the economy
Answer: D

QUESTION NO: 3
Which of the following actions is most appropriate when implementing a strategy to create customer-affordable value?
A.Use a more rapid transportation mode.
B.Increase safety stock.
C.Extend product warranty.
D.Employ lean principles.
Answer: D

QUESTION NO: 4
In an assemble-to-order manufacturing environment, the master production schedule is typically the schedule of:
A.resources.
B.customer orders.
C.components and subassemblies.
D.the final assembly.
Answer: C

QUESTION NO: 5
Which of the following conditions are most indicative of a company that is effectively managing its cash?
A.Low accounts receivable, low inventory, high accounts payable
B.High accounts receivable, low inventory, high accounts payable
C.Low accounts receivable , high inventory, low accounts payable
D.High accounts receivable, high inventory, low accounts payable
Answer: A

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Updated: May 27, 2022