1			Supply-chain strategy concepts are applicable to what types of companies?
			A)	Manufacturing
			B)	Service
			C)	Restaurants
			D)	Airlines
			E)	All of the above of companies

Reference: 0801
Consider the following data from a company annual report:

Sales	1,000,000
Cost of Goods Sold	800,000
Raw Materials Inventory	100,000
Finished Goods Inventory	75,000
Work-in-Process	25,000

2			Refer To: 0801 The inventory turnover for this company is:
			A)	4.0
			B)	8.0
			C)	10.67
			D)	32
			E)	2.0
3			Refer To: 0801 Lower values of inventory turn are considered better for a company.
			A)	True
			B)	False
4			Which of the following product promotional activities would probably help make the supply chain more efficient?
			A)	Price promotions that expire on a specific date
			B)	An "everyday" low price strategy where prices are not dependent on quantity delivered with a specific order
			C)	Special packaging for a specific event that occurs one time each year
			D)	A 2 for 1 price promotion
			E)	All of the above
5			The phenomenon of magnification of demand variability as we move from the customer to the producer in the supply-chain is referred to as the:
			A)	Postponement effect
			B)	Elasticity of demand
			C)	Bullwhip effect
			D)	Price deflator
			E)	Just-in-time approach
6			According to Hau Lee, which of the following types of products need to be delivered with efficient supply chains?
			A)	Custom products
			B)	Innovative products
			C)	Grocery products
			D)	High technology products
			E)	Responsive products
			F)	All of the above
7			Supply-chain response relates to the following:
			A)	How quickly a customer order can be filled
			B)	How quickly a company can react to a new competing product
			C)	How inexpensive the product is
			D)	A and B
			E)	All of the above
8			What factors do companies need to consider when sourcing product?
			A)	Material costs
			B)	Transportation cost
			C)	Production costs
			D)	Outsourcing costs
			E)	All of the above
9			An important strategy for localizing a product in the context of supply-chain design is the following:
			A)	Postponing the task of differentiating a product until the last point in the supply network
			B)	Minimizing reengineering cost
			C)	Very high volume sales
			D)	Minimizing inventory cost
			E)	Low direct labor cost