 Question 1

5 out of 5 points
________ measures the incremental costs that are independent of the size
of the order.
Selected  
Answer:
Incremental fixed cost per
order
Answers:  
Incremental fixed cost per
order
Incremental variable cost per
unit
Incremental indirect cost per
order
Average sale price
 Question 2
5 out of 5 points
Seasonal inventory is inventory that is built up to counter predictable
variability in demand.
Selected  Tru
Answer: e
Answers:  Tru
e
False
 Question 3
5 out of 5 points
Which of the following are key components of transportation decisions
when designing and operating a supply chain?
Selected  
Answer: Mode of
transportation
Answers: Source selection
 
Mode of
transportation
Warehouse
selection
Software selection
 Question 4
5 out of 5 points
 The places in the supply chain network where product is stored,
assembled, or fabricated are known as
Selected  
Answer:
facilities.
Answers:  
facilities.
inventory.
transportati
on.
information.
 Question 5
5 out of 5 points
Companies using seasonal inventory will maintain a level inventory
increase rate of production for periods of high demand.
Selected  Fals
Answer: e
Answers: True
 Fals
e
 Question 6
5 out of 5 points
Average inbound transportation cost and average outbound transportation
cost are ideally measured on a per unit basis.
Selected  Tru
Answer: e
Answers:  Tru
e
False
 Question 7
5 out of 5 points
Dogz reports total revenue of $47,561, cost of goods sold of $32,856 and
net receivables of $19,595. Their property, plant and equipment is
$19,813 and they have $16,240 of inventory. Which ratio is highest - ART,
INVT or PPET?
Selected  
Answer: ART
Answers:  
ART
INVT
PPET
 cannot be determined from the information
provided
 Question 8
5 out of 5 points
Lisa rented her goats out to anyone interested in clearing underbrush the
natural way on their acreage. She received a call from her client Mary on
June 21 and delivered her herd of goats to the site on June 24. The goats
were done on June 30 and Lisa presented Mary with an invoice the same
day. Mary wrote Lisa a check on July 18 and Lisa cashed it on July 21.
What was Lisa's days payable outstanding for Mary's job?
Selected  
Answer: 18
days
Answers: 30
days
27
days
 
18
days
24
days
 Question 9
5 out of 5 points
On a recent road trip to the Big Easy, the absentee landlord recorded his
gasoline purchases in a logbook that he intended to support his rental
expenses for the year. The entries are in the table below:

Gallons Total Cost

15 $44.40
16 $36.32
  13.5 $34.70
18 $45.90
 8 $23.36
12 $30.72

What is the average order size of the gasoline?

Selected  
Answer: 13.7
5
Answers: 14.2
5
  
13.7
5
15.0
0
14.7
5
 Question 10
5 out of 5 points
Dogz reports total revenue of $47,561, cost of goods sold of $32,856 and
net receivables of $19,595. Their property, plant and equipment is
$19,813 and they have $16,240 of inventory. What is their accounts
receivable turnover?
Selected  
Answer:
2.4
2
Answers: 2.2
3
 
2.4
2
1.6
7
2.0
2
 Question 11
0 out of 5 points
On a recent road trip to the Big Easy, the absentee landlord recorded his
gasoline purchases in a logbook that he intended to support his rental
expenses for the year. The entries are in the table below:

Gallons Total Cost

15 $44.40
16 $36.32
  13.5 $34.70
18 $45.90
 8 $23.36
12 $30.72

What is the range of sale price of the gasoline per gallon?

Selected  
Answer:
 22.5
4
Answers: 7.51
22.5
4
10
 
0.69
 Question 12
5 out of 5 points
A facility with little excess capacity will likely be no more or less efficient
per unit of product it produces than one with a lot of unused capacity.
Selected  Fals
Answer: e
Answers: True
 Fals
e
 Question 13
5 out of 5 points
A company's ability to find a balance between responsiveness and
efficiency that best matches the needs of the customer it is targeting is
the key to achieving strategic fit.
Selected  Tru
Answer: e
Answers:  Tru
e
False
 Question 14
5 out of 5 points
All raw materials, work in process, and finished goods within a supply
chain are known as
Selected  
Answer:
inventory.
Answers: facilities.
 
inventory.
transportati
on.
information.
 Question 15
 5 out of 5 points
The inventory held in case demand exceeds expectation in order to
counter uncertainty is called
Selected  
Answer: safety
inventory.
Answers: sourcing.
 
safety
inventory.
seasonal
inventory.
cycle inventory.
 Question 16
5 out of 5 points
Procurement should be designed to decrease both the total cost of
ownership and the supply chain surplus.
Selected  Fals
Answer: e
Answers: True
 Fals
e
 Question 17
5 out of 5 points
Information is potentially the biggest driver of performance in the supply
chain as it directly affects each of the other drivers.
Selected  Tru
Answer: e
Answers:  Tru
e
False
 Question 18
5 out of 5 points
Transforming forecasts into plans of activity to satisfy the projected
demand is known as
Selected  
Answer:
aggregate planning.
Answers: revenue
management.
 
aggregate planning.
 supply chain
coordination.
forecasting.
 Question 19
5 out of 5 points
Moving inventory from point to point in the supply is known as
Selected  
Answer: transportati
on.
Answers: facilities.
inventory.
 
transportati
on.
information.
 Question 20
5 out of 5 points
Which of the following are key components of information that must be
analyzed to increase efficiency and improve effectiveness in a supply
chain?
Selected  
Answer:
Forecasting and aggregate
planning
Answers: Source selection
Warehouse selection
 
Forecasting and aggregate
planning
Software selection