CA Foundation Business Economics Questions 2023 - Part 32
Fri, 03 Mar 2023
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APICS Certified Supply Chain Professional CSCP new Practice Questions 2023 - Part 34
1. A formal currency review as an approach for managing supply chain risk is appropriate when relative currency value:
A) moves above a certain level
B) moves below a certain level
C) moves above or below a certain level
D) maintains a constant value
2. Which of the following statements best characterizes the use of the Supply Chain Operations Reference (SCOR) model?
A) It is used as a reference model for distribution planning
B) It is used to describe and improve any supply chain
C) It is a required reference for reverse logistics
D) It is a requirement for ISO 9000 standards
3. Which of the following characteristics are reflective of a resilient supply chain?
A) Proactive in anticipating events and fast recovery from undesirable events
B) Reactive in anticipating events and fast recovery from undesirable events
C) Proactive in anticipating events and slow recovery from undesirable events
D) Reactive in anticipating events and slow recovery from undesirable events
4. In order to achieve economies of scale, a manufacturer is interested in producing large quantities. Which of the following functions of inventory will assist the manufacturer in achieving this goal?
A) Geographical specialization
B) Decoupling
C) Balancing supply and demand
D) Buffering uncertainty
5. A lean supply chain transformation initiative requires:
A) external resources
B) top management commitment
C) social responsibility
D) positive return on investment (ROI)
A) moves above a certain level
B) moves below a certain level
C) moves above or below a certain level
D) maintains a constant value
2. Which of the following statements best characterizes the use of the Supply Chain Operations Reference (SCOR) model?
A) It is used as a reference model for distribution planning
B) It is used to describe and improve any supply chain
C) It is a required reference for reverse logistics
D) It is a requirement for ISO 9000 standards
3. Which of the following characteristics are reflective of a resilient supply chain?
A) Proactive in anticipating events and fast recovery from undesirable events
B) Reactive in anticipating events and fast recovery from undesirable events
C) Proactive in anticipating events and slow recovery from undesirable events
D) Reactive in anticipating events and slow recovery from undesirable events
4. In order to achieve economies of scale, a manufacturer is interested in producing large quantities. Which of the following functions of inventory will assist the manufacturer in achieving this goal?
A) Geographical specialization
B) Decoupling
C) Balancing supply and demand
D) Buffering uncertainty
5. A lean supply chain transformation initiative requires:
A) external resources
B) top management commitment
C) social responsibility
D) positive return on investment (ROI)
1. Right Answer: A
Explanation:
2. Right Answer: B
Explanation: Reference:https://scm.ncsu.edu/scm-articles/article/the-scor-model-for-supply-chain-strategic-decisions
3. Right Answer: A
Explanation: Reference:https://www.google.com/search?client=ubuntu&hs=otO&channel=fs&sxsrf=ALeKk026VkxsYFVUbIfkI3jzruYNCMm6nw%3A1606333445888&ei=BbS-X4DkNciDhbIPz4q7sAk&q=resilient+supply+chain+Proactive+in+anticipating+events+and+fast+recovery+from+undesirable+events&oq=resilient+supply+chain+Proactive+in+anticipating+events+and+fast+recovery+from+undesirable+events&gs_lcp=CgZwc3ktYWIQAzIFCAAQyQMyAggAMgcIABAUEIcCMgIIADICCAAyAggAMgIIADICCAAyAggAMgIIADoECAAQR1C9sRBYsc0QYJHOEGgAcAJ4AYABlgiIAeQekgEJNC0yLjIuMS4xmAEAoAEBoAECqgEHZ3dzLXdpesgBCMABAQ&sclient=psy-ab&ved=0ahUKEwjA- rqzup7tAhXIQUEAHU_FDpYQ4dUDCAw&uact=5
4. Right Answer: C
Explanation:
5. Right Answer: B
Explanation:
Explanation:
2. Right Answer: B
Explanation: Reference:https://scm.ncsu.edu/scm-articles/article/the-scor-model-for-supply-chain-strategic-decisions
3. Right Answer: A
Explanation: Reference:https://www.google.com/search?client=ubuntu&hs=otO&channel=fs&sxsrf=ALeKk026VkxsYFVUbIfkI3jzruYNCMm6nw%3A1606333445888&ei=BbS-X4DkNciDhbIPz4q7sAk&q=resilient+supply+chain+Proactive+in+anticipating+events+and+fast+recovery+from+undesirable+events&oq=resilient+supply+chain+Proactive+in+anticipating+events+and+fast+recovery+from+undesirable+events&gs_lcp=CgZwc3ktYWIQAzIFCAAQyQMyAggAMgcIABAUEIcCMgIIADICCAAyAggAMgIIADICCAAyAggAMgIIADoECAAQR1C9sRBYsc0QYJHOEGgAcAJ4AYABlgiIAeQekgEJNC0yLjIuMS4xmAEAoAEBoAECqgEHZ3dzLXdpesgBCMABAQ&sclient=psy-ab&ved=0ahUKEwjA- rqzup7tAhXIQUEAHU_FDpYQ4dUDCAw&uact=5
4. Right Answer: C
Explanation:
5. Right Answer: B
Explanation:
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