old  Supply Chain (correlates to chapter 11) practice quiz

1.
In general, the lower your inventory velocity, the greater your customers' satisfaction.
A. True
B. False


2.
To utilize supply chains more effectively, businesses must become tightly integrated with their suppliers, business partners, distributors, and customers.
A. True
B. False


3.
A demand chain refers to the flow of materials, information, money, and services from suppliers to the end customer.
A. True
B. False


4.
Sourcing from external suppliers takes place in the internal segment of the supply chain.
A. True
B. False


5.
The push model is most closely associated with mass production.
A. True
B. False


6.
Friction manifests itself along a supply chain as increased time, increased inventory, increased costs, and decreased customer satisfaction.
A. True
B. False


7.
Problems along the supply chain include which of the following?
A.
Poor customer service
B.
High inventory costs
C.
Loss of revenue
D.
Increase cycle times
E.
All of the above


8.
The bullwhip effect refers to predictable, relatively constant shifts in orders up and down the supply chain.
A. True
B. False


9.
Whether inventory levels are too high or too low, a company faces additional costs of some kind.
A. True
B. False


10.
Electronic data interchange is a communication standard that enables the electronic transfer of routine documents between business partners.
A. True
B. False


11.
Extranets provide access to certain parts of business partners' intranets.
A. True
B. False


12.
Extranets can be centered around a single company or a group of companies.
A. True
B. False


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