CSCP practice questions 121–130

1. Question 121 · 505 in bank

   The United Nations Global Compact uses 10 guiding principles to:

   • Areduce uncertainty for multinational firms regarding legal, import/export, labor, and environmental standards across countries.
   • Bset minimum levels of compliance across a broad range of transactional areas for businesses operating in multiple geographic regions.
   • Calign the needs of businesses to increase profitability and the needs of individual countries to ensure their specific legal requirements are met.
   • Dhelp ensure that markets, commerce, technology, and finance promote advancement of economies and societies everywhere.

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   Answer: D

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2. Question 122 · 505 in bank

   A firm has discovered a product quality issue. What should be the first step in responding to this issue?

   • ADetermine the root cause of the quality issue.
   • BSeparate the non-conforming products.
   • CTrace the location of the faulty product in the supply chain.
   • DReplace faulty products when they are returned by the end user.

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   Answer: C

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3. Question 123 · 505 in bank

   Direct shipment distribution typically offers which of the following advantages?

   • ARisk pooling is facilitated.
   • BDemand variability is reduced.
   • CService levels are increased.
   • DLead times are reduced.

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   Answer: D

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4. Question 124 · 505 in bank

   Which of the following distribution approaches for a low-volume, high-variety product line typically will result in the highest level of customer service and the lowest total distribution costs?

   • ADirect shipment from plant to customers
   • BShipment from a central distribution warehouse
   • CShipment through a multi-echelon distribution network
   • DOutsourcing the distribution function

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   Answer: A

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5. Question 125 · 505 in bank

   The most cost-effective way to increase the velocity of goods in a supply chain is to:

   • Aimprove the way the supply chain handles goods that are not in motion.
   • Bswitch to a faster mode of transportation.
   • Cestablish warehouses near major retail outlets.
   • Dsubcontract with multiple third-party logistics (3PL) providers who are located at strategic locations.

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   Answer: A

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6. Question 126 · 505 in bank

   A company has designed its supply chain so that financial losses in one part of the supply chain will be offset by gains in another part. The company is employing which of the following strategies to address global risk?

   • ASpeculation
   • BFlexibility
   • CProduct shifting
   • DHedging

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   Answer: D

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7. Question 127 · 505 in bank

   In order to bring a new product to market quickly while maximizing customer value and minimizing costs, a company should leverage:

   • Atop performing suppliers in the areas of quality, cost, and availability.
   • Bcrowdsourcing for design capital requirements.
   • Ce-commerce trading methods.
   • Dconcurrent engineering or participative design.

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   Answer: D

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8. Question 128 · 505 in bank

   Which of the following objectives is a major principle of theory of constraints (TOC) accounting when applied to a supply chain?

   • ATotal inventory reduction
   • BMaximize process utilization
   • CMaximize revenue generation
   • DProduct design simplification

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   Answer: C

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9. Question 129 · 505 in bank

   The design process by which a firm structures and manages the supply chain to achieve optimization is called:

   • Aan information network.
   • Bnetwork planning.
   • Csmoothing.
   • Dlogistical planning.

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   Answer: B

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10. Question 130 · 505 in bank

    A company distributes its products through wholesale, retail stores, and its e-commerce website. Inventory and demand forecasting for each channel is managed separately. The company is experiencing high levels of obsolete inventory. Which of the following strategies is most likely to reduce the levels of obsolescence?

    • APlace smaller orders with suppliers.
    • BPool inventory and the forecast.
    • COpen more outlet stores.
    • DNegotiate lower costs with suppliers.

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    Answer: B

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CSCP practice, question 121. 505 questions available.