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

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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1.Consumer only wants low price product no need for quality
 
Yes
No
 
 
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
NO
 
 
4.Pick Goods is the function of ware housing
 
Yes
No
 
 
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
No
 
 
8.ISO9001 is a international quality standard
 
Yes
No
 
 
9.Storage of goods is a part of warehousing
 
Yes
No
 
 
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
No
 
 
12.Procurement is the full range of activities related to purchasing of goods
 
Yes
No
 
 
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
No
 
 
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
No
 
 
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
No
 
 
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
No
 
 
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
No
 
 
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
NO
 
 
31.Production plan is part of SCM
 
No
Yes
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