1.Consumer only wants low price product no need for quality YesNo 2.Choose the best from below in terms of more supply points Pipe lineAir transportRoad Transport 3.Packaging cannot be considered in Supply Chain Management YesNO 4.Pick Goods is the function of ware housing YesNo 5.When considering moving goods following factor is very important PerishabilityLook of the productNeed of the product 6.Which one of Below are the categories of inventory Safety StockOpen stockClosed stock 7.Ultimate goal of SCM is Customer satisfaction with profitability YesNo 8.ISO9001 is a international quality standard YesNo 9.Storage of goods is a part of warehousing YesNo 10.Purpose of holding inventory is for Improve stock in handImprove company stcokImprove customer Service 11.Purchasing merely reflects the acts of acquisition. YesNo 12.Procurement is the full range of activities related to purchasing of goods YesNo 13.A physical resource that a firm holds in stock with the intent of selling it or transforming it into more valuable state is PurchaseQualityInventory 14.A product confirms to the specifications . It is called Quality YesNo 15.FCL means Full container LoadFlow Continous LiquidNone of the above 16.Design criteria is among one of the ware house operating principles YesNo 17.Incoterms is between Seller and BuyerProduction manager and BuyerProduction Manager and Seller 18.Which one is very critical When considering agreement between 2 parties Terms of DeliveryTerms of PaymentAll the above 19.Pipe line Transportation is used for transporting packages YesNo 20.which one Following to be more considered for ware housing Location nearer to the customer baseLocation Near to the ManufacturerLocation Near to the transporter 21.Bio medical research is supply chain management YesNo 22.Which one of the below is Incoterms Ex worksEx workerEx Wears 23.Please choose from below your supply chain partners Freight ForwarderCommissioner of EducationCommisisoner of Immigration 24.Which of the following suits to types of ware houses Private warehousesContract warehousesAll the above 25.Evaluation and selection of suppliers not a part of procurement YesNo 26.When to Rebates,Refunds ,Remissions to be considered , during WarehousingProdcution planningImport/Export 28.What is carriers in the Transportation Carrier of GoodsCarrier of CashCarrier of documents 29.Below are the types of inventory Raw materialMROAll the above 30.On time Delivery one the criteria for Supplier Selection YesNO 31.Production plan is part of SCM NoYes

Answered: Consumer only wants low price product…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Related questions

Question

1.Consumer only wants low price product no need for quality

Yes

2.Choose the best from below in terms of more supply points

Pipe line

Air transport

Road Transport

3.Packaging cannot be considered in Supply Chain Management

Yes

4.Pick Goods is the function of ware housing

Yes

5.When considering moving goods following factor is very important

Perishability

Look of the product

Need of the product

6.Which one of Below are the categories of inventory

Safety Stock

Open stock

Closed stock

7.Ultimate goal of SCM is Customer satisfaction with profitability

Yes

8.ISO9001 is a international quality standard

Yes

9.Storage of goods is a part of warehousing

Yes

10.Purpose of holding inventory is for

Improve stock in hand

Improve company stcok

Improve customer Service

11.Purchasing merely reflects the acts of acquisition.

Yes

12.Procurement is the full range of activities related to purchasing of goods

Yes

13.A physical resource that a firm holds in stock with the intent of selling it or transforming it into more valuable state is

Purchase

Quality

Inventory

14.A product confirms to the specifications . It is called Quality

Yes

15.FCL means

Full container Load

Flow Continous Liquid

None of the above

16.Design criteria is among one of the ware house operating principles

Yes

17.Incoterms is between

Seller and Buyer

Production manager and Buyer

Production Manager and Seller

18.Which one is very critical When considering agreement between 2 parties

Terms of Delivery

Terms of Payment

All the above

19.Pipe line Transportation is used for transporting packages

Yes

20.which one Following to be more considered for ware housing

Location nearer to the customer base

Location Near to the Manufacturer

Location Near to the transporter

21.Bio medical research is supply chain management

Yes

22.Which one of the below is Incoterms

Ex works

Ex worker

Ex Wears

23.Please choose from below your supply chain partners

Freight Forwarder

Commissioner of Education

Commisisoner of Immigration

24.Which of the following suits to types of ware houses

Private warehouses

Contract warehouses

All the above

25.Evaluation and selection of suppliers not a part of procurement

Yes

26.When to Rebates,Refunds ,Remissions to be considered , during

Warehousing

Prodcution planning

Import/Export

28.What is carriers in the Transportation

Carrier of Goods

Carrier of Cash

Carrier of documents

29.Below are the types of inventory

Raw material

MRO

All the above

30.On time Delivery one the criteria for Supplier Selection

Yes

31.Production plan is part of SCM

Yes

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Consumers prefer lower price but they give importance to the quality of the product.

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Consumer only wants low price product no need for quality Yes No