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 88
1. A well-grounded program in which a company focuses on customer success involves:
A) a thorough understanding of individual customers�Ò?¬Ò?’ requirements.
B) a commitment to focus on short-term business relationships.
C) a focus on relationships having high profitability and low potential for growth.
D) making similar commitments to customers in order to maintain lasting relationships.
2. A company faces highly unpredictable demand for an end item. Which of the following production methods would work best for meeting customer demand within a reasonable lead time?
A) Engineer-to-order (ETO)
B) Make-to-order (MTO)
C) Assemble-to-order (ATO)
D) Make-to-stock (MTS)
3. One of the key benefits of adopting a lean supply chain philosophy is the reduction of inventories that allow:
A) decreased obsolescence.
B) freeing up working capital for investment.
C) reduced material handling surcharges.
D) lower transaction costs.
4. Which of the following measures of a supply chain performance is most desirable from a stockholder perspective?
A) Diversity of sales channels
B) Lean manufacturing performance
C) Time to market of new products
D) Velocity and return on assets (ROA)
5. Using new housing construction data as a predictor of construction equipment sales is an example of what type of forecasting method?
A) Causal
B) Time series
C) Judgement
D) Market survey
A) a thorough understanding of individual customers�Ò?¬Ò?’ requirements.
B) a commitment to focus on short-term business relationships.
C) a focus on relationships having high profitability and low potential for growth.
D) making similar commitments to customers in order to maintain lasting relationships.
2. A company faces highly unpredictable demand for an end item. Which of the following production methods would work best for meeting customer demand within a reasonable lead time?
A) Engineer-to-order (ETO)
B) Make-to-order (MTO)
C) Assemble-to-order (ATO)
D) Make-to-stock (MTS)
3. One of the key benefits of adopting a lean supply chain philosophy is the reduction of inventories that allow:
A) decreased obsolescence.
B) freeing up working capital for investment.
C) reduced material handling surcharges.
D) lower transaction costs.
4. Which of the following measures of a supply chain performance is most desirable from a stockholder perspective?
A) Diversity of sales channels
B) Lean manufacturing performance
C) Time to market of new products
D) Velocity and return on assets (ROA)
5. Using new housing construction data as a predictor of construction equipment sales is an example of what type of forecasting method?
A) Causal
B) Time series
C) Judgement
D) Market survey
1. Right Answer: D
Explanation:
2. Right Answer: D
Explanation:
3. Right Answer: C
Explanation:
4. Right Answer: B
Explanation:
5. Right Answer: D
Explanation:
Explanation:
2. Right Answer: D
Explanation:
3. Right Answer: C
Explanation:
4. Right Answer: B
Explanation:
5. Right Answer: D
Explanation:
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