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 8
1. Known barriers to implementing an integrated supply chain are:
A) technology, information and measurement systems
B) globalization, transit times and time zones
C) commercial invoices, incotermsֲ® and pro-forma invoices
D) harmonized tariffs, free-trade zones and modes of transportation
2. Which of the following continuous improvement tools would be most appropriate to sequence a series of improvement ideas based on an agreed-upon weighted criteria?
A) Affinity diagram
B) Matrix diagram
C) Prioritization matrix
D) Cause-and-effect diagram
3. Mass customization results in savings due to economies of scale and which of the following additional benefits?
A) An opportunity to invest in equipment and training
B) A greater appeal of differentiated products to different markets
C) Facilitation of a pull system
D) Elimination of friction among distributors
4. In which of the following forms of electronic commerce do suppliers attempt to offer the lowest price to buyers?
A) Dutch auction
B) Reverse auction
C) Business-to-business commerce (B2B)
D) Business-to-consumer sales (B2C)
5. The primary purpose for establishing trade blocs is to:
A) establish common methodology for transportation of goods
B) establish common reporting regulations for trade within the bloc
C) organize and establish common currency exchange rates
D) remove trade barriers between member countries in the bloc
A) technology, information and measurement systems
B) globalization, transit times and time zones
C) commercial invoices, incotermsֲ® and pro-forma invoices
D) harmonized tariffs, free-trade zones and modes of transportation
2. Which of the following continuous improvement tools would be most appropriate to sequence a series of improvement ideas based on an agreed-upon weighted criteria?
A) Affinity diagram
B) Matrix diagram
C) Prioritization matrix
D) Cause-and-effect diagram
3. Mass customization results in savings due to economies of scale and which of the following additional benefits?
A) An opportunity to invest in equipment and training
B) A greater appeal of differentiated products to different markets
C) Facilitation of a pull system
D) Elimination of friction among distributors
4. In which of the following forms of electronic commerce do suppliers attempt to offer the lowest price to buyers?
A) Dutch auction
B) Reverse auction
C) Business-to-business commerce (B2B)
D) Business-to-consumer sales (B2C)
5. The primary purpose for establishing trade blocs is to:
A) establish common methodology for transportation of goods
B) establish common reporting regulations for trade within the bloc
C) organize and establish common currency exchange rates
D) remove trade barriers between member countries in the bloc
1. Right Answer: B
Explanation:
2. Right Answer: A
Explanation: Reference:https://www-pub.iaea.org/MTCD/publications/PDF/te_1491_web.pdf(48)
3. Right Answer: B
Explanation:
4. Right Answer: D
Explanation:
5. Right Answer: D
Explanation: Reference:https://www.sesric.org/files/article/191.pdf(4)
Explanation:
2. Right Answer: A
Explanation: Reference:https://www-pub.iaea.org/MTCD/publications/PDF/te_1491_web.pdf(48)
3. Right Answer: B
Explanation:
4. Right Answer: D
Explanation:
5. Right Answer: D
Explanation: Reference:https://www.sesric.org/files/article/191.pdf(4)
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