Question 1

A company's competitive strategy defines the set of customer needs that it seeks to satisfy through its products and services.

Accepted Answer

A) True 
 B)False

Question 2

The key weakness of the ________ view is that different functions within a firm may have conflicting objectives.

Accepted Answer

A)   Intrafunctional scope
B)   Intraoperation scope
C)   Interfunctional scope
D)   Intercompany scopeE) None of the above
F) B) and C)

Question 3

Which element in the value chain is responsible for transforming inputs into outputs?

Accepted Answer

A)   Operations
B)   Marketing
C)   Distribution
D)   All elements of the value chain do this.E) C) and D)
F) A) and C)

Question 4

A company's product development strategy defines the set of customer needs that it seeks to satisfy through its products and services.

Accepted Answer

A) True 
 B)False

Question 5

Supply chain responsiveness includes the ability to do which of the following?

Accepted Answer

A)   Handle supply uncertainty
B)   Understand customers and supply chain uncertainty
C)   Match supply chain responsiveness with the implied uncertainty of demand
D)   Ensure that all functional strategies within the supply chain support the supply chain's level of responsivenessE) A) and B)
F) A) and C)

Question 6

The curve that shows the lowest possible cost for a given level of responsiveness is referred to as the

Accepted Answer

A)   supply chain responsiveness curve.
B)   supply chain efficiency curve.
C)   cost-responsiveness efficient frontier.
D)   responsiveness spectrum.E) All of the above
F) A) and B)

Question 7

The degree of supply chain responsiveness should be consistent with the implied uncertainty.

Accepted Answer

A) True 
 B)False

Question 8

A company's supply chain strategy

Accepted Answer

A)   defines the set of customer needs that it seeks to satisfy through its products and services.
B)   specifies the portfolio of new products that it will try to develop.
C)   specifies how the market will be segmented and how the product will be positioned, priced, and promoted.
D)   determines the nature of procurement and transportation of materials as well as manufacture and distribution of the product.E) All of the above
F) B) and D)

Question 9

Risks and opportunities have increased for supply chains due to

Accepted Answer

A)   the decreasing value of the U.S. dollar.
B)   increasing globalization.
C)   the increasing population.
D)   a decline in energy prices.E) B) and D)
F) C) and D)

Question 10

A company's supply chain strategy determines the nature of procurement and transportation of materials as well as the manufacture and distribution of the product.

Accepted Answer

A) True 
 B)False

Question 11

One motivation for companies to shed noncore functions to their supply chains has been to

Accepted Answer

A)   increase supply chain membership and participation.
B)   increase supply chain complexity to ease supply chain alignment.
C)   maximize focus on local objectives.
D)   take advantage of supplier and customer competencies that they did not possess.E) A) and D)
F) A) and C)

Question 12

Over the past several decades, the supply chains of most firms have become easier to coordinate.

Accepted Answer

A) True 
 B)False

Question 13

The relationship where increasing implied uncertainty from customers and supply sources is best served by increasing responsiveness from the supply chain is known as the

Accepted Answer

A)   implied uncertainty spectrum.
B)   responsiveness spectrum.
C)   uncertainty/responsiveness map.
D)   zone of strategic fit.E) None of the above
F) All of the above

Question 14

The value chain consists of direct and indirect activities. Which of the following is an indirect activity for an enterprise?

Accepted Answer

A)   Marketing
B)   Distribution
C)   Human Resources
D)   ServiceE) C) and D)
F) None of the above

Question 15

Which of the following determines the nature of procurement of raw materials, transportation of materials to and from the company, manufacture of the product or operation to provide the service, and distribution of the product to the customer along with follow-up service?

Accepted Answer

A)   Competitive strategy
B)   Product development strategy
C)   Marketing and sales strategy
D)   Supply chain strategyE) A) and B)
F) A) and C)

Question 16

Intercompany scope is broader than intrafunctional scope.

Accepted Answer

A) True 
 B)False

Question 17

Scope of strategic fit refers to both the

Accepted Answer

A)   function within the firm and the satisfaction of the customer.
B)   satisfaction of the customer and the profits returned to the shareholders.
C)   function within the firm and stages across the supply chain.
D)   profits returned to the shareholders and the stages across the supply chain.E) A) and B)
F) All of the above

Question 18

The uncertainty of customer demand for a product is the

Accepted Answer

A)   rate of strategic uncertainty.
B)   demand uncertainty.
C)   implied demand uncertainty.
D)   average forecast error.E) B) and D)
F) None of the above

Question 19

Over the past several decades

Accepted Answer

A)   the life cycle of products has increased.
B)   most firms have become more vertically integrated.
C)   the number of owners per supply chain has increased.
D)   product variety has decreased.E) B) and C)
F) A) and B)

Question 20

Supply chain responsiveness includes the ability to do which of the following?

Accepted Answer

A)   Understand customers and supply chain
B)   Meet a very high service level
C)   Match supply chain responsiveness with the implied uncertainty of demand
D)   Ensure that all functional strategies within the supply chain support the supply chain's level of responsivenessE) None of the above
F) All of the above

Exam 2: Supply Chain Performance: Achieving Strategic Fit and Scope

The curve that shows the lowest possible cost for a given level of responsiveness is referred to as the

Correct AnswerverifiedShow Answer

Scope of strategic fit refers to both the

Correct AnswerverifiedShow Answer

Over the past several decades, the supply chains of most firms have become easier to coordinate.

Correct AnswerverifiedShow Answer

Risks and opportunities have increased for supply chains due to

Correct AnswerverifiedShow Answer

A company's supply chain strategy determines the nature of procurement and transportation of materials as well as the manufacture and distribution of the product.

Correct AnswerverifiedShow Answer

Supply chain responsiveness includes the ability to do which of the following?

Correct AnswerverifiedShow Answer

The degree of supply chain responsiveness should be consistent with the implied uncertainty.

Correct AnswerverifiedShow Answer

The relationship where increasing implied uncertainty from customers and supply sources is best served by increasing responsiveness from the supply chain is known as the

Correct AnswerverifiedShow Answer

Over the past several decades

Correct AnswerverifiedShow Answer

The uncertainty of customer demand for a product is the

Correct AnswerverifiedShow Answer

Intercompany scope is broader than intrafunctional scope.

Correct AnswerverifiedShow Answer

A company's supply chain strategy

Correct AnswerverifiedShow Answer

The value chain consists of direct and indirect activities. Which of the following is an indirect activity for an enterprise?

Correct AnswerverifiedShow Answer

Which of the following determines the nature of procurement of raw materials, transportation of materials to and from the company, manufacture of the product or operation to provide the service, and distribution of the product to the customer along with follow-up service?

Correct AnswerverifiedShow Answer

One motivation for companies to shed noncore functions to their supply chains has been to

Correct AnswerverifiedShow Answer

The key weakness of the ________ view is that different functions within a firm may have conflicting objectives.

Correct AnswerverifiedShow Answer

A company's competitive strategy defines the set of customer needs that it seeks to satisfy through its products and services.

Correct AnswerverifiedShow Answer

Which element in the value chain is responsible for transforming inputs into outputs?

Correct AnswerverifiedShow Answer

Supply chain responsiveness includes the ability to do which of the following?

Correct AnswerverifiedShow Answer

A company's product development strategy defines the set of customer needs that it seeks to satisfy through its products and services.

Correct AnswerverifiedShow Answer

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