CA Foundation Business Economics Questions 2023 - Part 32
Fri, 03 Mar 2023
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APICS Certified Supply Chain Professional CSCPPractice Questions 2023 - Part 31
1. A company most likely would consider moving a portion of its manufacturing to a second location to:
A) improve competitive advantage through economies of scale.
B) avoid manufacturing downtime due to material shortages.
C) maximize security for customer shipments.
D) minimize the impact of natural disasters.
2. Which of the following strategies can be used to help manage global risks?
A) Direct shipment
B) Cross-docking
C) Mass customization
D) Flexibility
3. Potential customers of a company's new product have tight tolerance requirements. The company plans to purchase a critical component. To meet customer requirements, the company should first:
A) implement statistical process control for the component.
B) bring manufacturing of the critical component in-house.
C) develop an alternate source of supply.
D) certify the supplier of the component.
4. A company's supply chain depends heavily on sourcing from international suppliers. Conditions increasingly threaten supply continuity. Which of the following actions is most appropriate?
A) Source from domestic suppliers.
B) Conduct a risk assessment.
C) Carry additional safety stock.
D) Spread logistics across multiple carriers.
5. Managing supply chain risks includes which of the following activities?
A) Developing alternatives to key suppliers
B) Setting aside funds for disruption-recovery efforts
C) Charging each supply chain partner a portion of risk cost
D) Creating extra inventory to cover disruptions in the supply chain
A) improve competitive advantage through economies of scale.
B) avoid manufacturing downtime due to material shortages.
C) maximize security for customer shipments.
D) minimize the impact of natural disasters.
2. Which of the following strategies can be used to help manage global risks?
A) Direct shipment
B) Cross-docking
C) Mass customization
D) Flexibility
3. Potential customers of a company's new product have tight tolerance requirements. The company plans to purchase a critical component. To meet customer requirements, the company should first:
A) implement statistical process control for the component.
B) bring manufacturing of the critical component in-house.
C) develop an alternate source of supply.
D) certify the supplier of the component.
4. A company's supply chain depends heavily on sourcing from international suppliers. Conditions increasingly threaten supply continuity. Which of the following actions is most appropriate?
A) Source from domestic suppliers.
B) Conduct a risk assessment.
C) Carry additional safety stock.
D) Spread logistics across multiple carriers.
5. Managing supply chain risks includes which of the following activities?
A) Developing alternatives to key suppliers
B) Setting aside funds for disruption-recovery efforts
C) Charging each supply chain partner a portion of risk cost
D) Creating extra inventory to cover disruptions in the supply chain
1. Right Answer: D
Explanation:
2. Right Answer: D
Explanation:
3. Right Answer: D
Explanation:
4. Right Answer: B
Explanation:
5. Right Answer: A
Explanation:
Explanation:
2. Right Answer: D
Explanation:
3. Right Answer: D
Explanation:
4. Right Answer: B
Explanation:
5. Right Answer: A
Explanation:
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