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 46
1. In a reverse supply chain, which of the following tools enables forecasting the usability of each part in the returned product?
A) Reverse network design
B) Warranty return rate analysis
C) A disassembly bill of material (BOM)
D) Design for service
2. 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?
A) Speculation
B) Flexibility
C) Product shifting
D) Hedging
3. Which of the following actions by trading partners will likely reduce the goods that will be processed by the reverse supply chain?
A) Contracting with a third party to process returned goods
B) Designing products that are easy to disassemble
C) Working to delay regulations that require accepting returns
D) Providing support and service for proper product use
4. In order to bring a new product to market quickly while maximizing customer value and minimizing costs, a company should leverage:
A) top performing suppliers in the areas of quality, cost, and availability.
B) crowdsourcing for design capital requirements.
C) e-commerce trading methods.
D) concurrent engineering or participative design.
5. Quality function deployment (QFD) is a methodology designed to ensure that:
A) quality is maintained at all levels of the organization.
B) suppliers providing high-quality parts are certified.
C) defective products do not reach customers.
D) customer requirements are understood and met.
A) Reverse network design
B) Warranty return rate analysis
C) A disassembly bill of material (BOM)
D) Design for service
2. 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?
A) Speculation
B) Flexibility
C) Product shifting
D) Hedging
3. Which of the following actions by trading partners will likely reduce the goods that will be processed by the reverse supply chain?
A) Contracting with a third party to process returned goods
B) Designing products that are easy to disassemble
C) Working to delay regulations that require accepting returns
D) Providing support and service for proper product use
4. In order to bring a new product to market quickly while maximizing customer value and minimizing costs, a company should leverage:
A) top performing suppliers in the areas of quality, cost, and availability.
B) crowdsourcing for design capital requirements.
C) e-commerce trading methods.
D) concurrent engineering or participative design.
5. Quality function deployment (QFD) is a methodology designed to ensure that:
A) quality is maintained at all levels of the organization.
B) suppliers providing high-quality parts are certified.
C) defective products do not reach customers.
D) customer requirements are understood and met.
1. Right Answer: C
Explanation:
2. Right Answer: D
Explanation: Explanation -Hedge inventory is not a commonly used term in organizations, but many organizations do practice hedging when it comes to inventory. Hedging involves managing risk by building, buying, or contractually guaranteeing additional inventory at a set price if supply could be threatened or prices could rise. These decisions involve speculating on events such as the weather, the economy, labor strikes, civil strife, or political actions.
3. Right Answer: D
Explanation:
4. Right Answer: A
Explanation:
5. Right Answer: D
Explanation:
Explanation:
2. Right Answer: D
Explanation: Explanation -Hedge inventory is not a commonly used term in organizations, but many organizations do practice hedging when it comes to inventory. Hedging involves managing risk by building, buying, or contractually guaranteeing additional inventory at a set price if supply could be threatened or prices could rise. These decisions involve speculating on events such as the weather, the economy, labor strikes, civil strife, or political actions.
3. Right Answer: D
Explanation:
4. Right Answer: A
Explanation:
5. Right Answer: D
Explanation:
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