CSCP practice questions 461–470

1. Question 461 · 505 in bank

   Which of the following challenges is a major concern when sourcing globally if a contract requires significant local content percentage?

   • AIdentifying sources capable of producing the materials
   • BProtecting the firm's intellectual property
   • CCommunicating with suppliers and transportation companies
   • DGuaranteeing the security of product in transit

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   Answer: A

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2. Question 462 · 505 in bank

   Which of the following benefits may be realized by participating within a trading bloc?

   • AMembers of the trading bloc will pay the same tariffs as non-members.
   • BSmall companies have incentives to produce and sell products within a trading bloc.
   • CMember countries within the trading bloc have barriers reduced or removed.
   • DTrading blocs are generally geographically close.

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   Answer: C

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3. Question 463 · 505 in bank

   What is the most likely outcome when a company adopts blockchain technology?

   • AImproved traceability
   • BReduced costs
   • CImproved customer service
   • DReduced transportation times

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   Answer: A

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4. Question 464 · 505 in bank

   A company consumes 50 units daily, has a 10-day replenishment lead time, and maintains 10 units in safety stock. The company should order additional units when inventory reaches:

   • A50 units.
   • B150 units
   • C490 units.
   • D510 units.

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   Answer: D

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5. Question 465 · 505 in bank

   Customer relationship management (CRM) technology is designed to:

   • Aaccept customer orders in a wide range of formats.
   • Bmake inventory stocking decisions based on customers' past purchases.
   • Cextend the functionality of the enterprise resources planning (ERP) software.
   • Ddevelop optimal functional design for the end user.

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   Answer: C

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6. Question 466 · 505 in bank

   Which of the following reasons supports dividing component purchases among numerous suppliers instead of utilizing a single supplier for multiple components?

   • ADifferent suppliers enable averaging overall purchase pricing, allowing for more accurate product costing.
   • BDifferent suppliers tend to protect any one supplier from access to overall design intellectual property.
   • CFewer supplier product requirements allow each supplier to focus major efforts on required product quality.
   • DEach supplier will be more responsive as they attempt to be recognized and approved for additional purchasing.

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   Answer: B

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7. Question 467 · 505 in bank

   When negotiating with a supplier for strategic components that have high demand variability, which of the following types of contracts would be the best for the buyer to minimize stockouts and unused inventory?

   • ARevenue sharing
   • BBuy-back
   • CSales rebate
   • DFirm-fixed price

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   Answer: B

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8. Question 468 · 505 in bank

   What is the best key performance indicator (KPI) to measure customer satisfaction?

   • ACost of goods sold (COGS)
   • BFill rates
   • CProduction quality
   • DAsset turns

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   Answer: B

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9. Question 469 · 505 in bank

   Which planning function utilizes material requirements planning (MRP) output by converting it into loads and matching it to an available work center?

   • AAdvanced planning and scheduling (APS)
   • BDemand planning
   • CCapacity requirements planning (CRP)
   • DAdvanced production planning

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   Answer: A

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10. Question 470 · 505 in bank

    In order to simplify comparison of accounts among international users, global trade has resulted in the development of which of the following regulations?

    • AG4 Sustainability Reporting Guidelines
    • BInternational Financial Reporting Standards (IFRS)
    • CInternational Organization for Standardization (ISO)
    • DGenerally accepted accounting principles (GAAP)

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    Answer: B

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CSCP practice, question 461. 505 questions available.