Supply Chain Flexibility Quiz: Key Concepts and Insights

4/1/24, 3:58 PM M4.C1A: Quiz 4: 2023F BIA 674-WS https://sit.instructure.com/courses/68393/quizzes/98644 1/3 M4.C1A: Quiz 4 Due Oct 8, 2023 at 11:59pm Points 100 Questions 10 Time Limit 30 Minutes Allowed Attempts 2 This quiz is no longer available as the course has been concluded. Attempt History Attempt Time Score LATEST Attempt 1 1 minute 100 out of 100  Answers will be shown after your last attempt Score for this attempt: 100 out of 100 Submitted Oct 3, 2023 at 5:45pm This attempt took 1 minute.  Question 1 10 / 10 pts True False  Question 2 10 / 10 pts True False  Question 3 10 / 10 pts Decisions made during the supply chain design phase regarding significant investments in the supply chain, such as the number and size of plants to build, the number of trucks to purchase or lease, and whether to build or lease warehouse space, cannot be altered in the short term. The degree of demand and price uncertainty has a significant influence on the appropriate portfolio of long- and short-term warehousing space that a firm should carry. If price and demand vary over time in a global network, flexible production capacity can be reconfigured to maximize profits in the new environment.

4/1/24, 3:58 PM M4.C1A: Quiz 4: 2023F BIA 674-WS https://sit.instructure.com/courses/68393/quizzes/98644 2/3 True False  Question 4 10 / 10 pts True False  Question 5 10 / 10 pts True False  Question 6 10 / 10 pts True False  Question 7 10 / 10 pts True False  Question 8 10 / 10 pts True False  A firm may choose to build a flexible global supply chain even in the presence of little demand or supply uncertainty if certainty exists in exchange rates or prices. Offshoring typically lowers labor, working capital and fixed costs but increases risk and freight costs. Appropriate flexibility is an effective approach for a global supply chain to deal with a variety of risks and uncertainties. Extra flexibility is always worth the cost. The present value of a stream of cash flows is what that stream is worth in today's dollars. The rate of return k is also referred to as the present value of capital.

4/1/24, 3:58 PM M4.C1A: Quiz 4: 2023F BIA 674-WS https://sit.instructure.com/courses/68393/quizzes/98644 3/3 Question 9 10 / 10 pts True False  Question 10 10 / 10 pts True False Quiz Score: 100 out of 100 The value of flexibility increases with an increase in uncertainty. In reality, demand and prices are highly uncertain and are likely to fluctuate during the life of any supply chain decision.

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Quiz 4

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