UNIT
WISE QUESTION BANK OF MULTIPLE CHOICES FOR QUIZ
UNIT-1
Choose the correct Answer:
1.
A supply chain that includes suppliers of the
immediate supplier and customers of the immediate customer, all involved in the
upstream and/or downstream flows of products, services, finances, and/or
information is known as:
a)
Direct supply chain c) Ultimate supply chain
b)
Extended supply chain d) Agile supply chain
(Ans -b)
2.
The downstream supply chain is:
a)
Exclusively inside an organization
b)
Involved with procurement of materials from
suppliers
c)
The distribution of products or delivery of
services to customers
d)
None of the above
(Ans –c)
3.
The process of planning, implementing, and
controlling the efficient, cost-effective flow of raw materials, in process
inventory, finished goods and related information from the point of consumption
to the point of origin for the purpose of recapturing value or value disposal
is known as:
a) Flows in
supply chain b) Agile supply chain
c) Reverse
supply chain d)
Supply chain network
(Ans –b)
4.
In customer order cycle, the process in which
customers informing the retailer what products they want to purchase and the retailer allocating products is known
as:
c)
Customer arrival c) Customer order receiving
d)
Customer order fulfillment d) Customer order
entry
(Ans – d)
5.
The four major drivers of supply chain
performance are facilities, information, inventory and-------
a) Material handling c) Transportation
b) Physical Distribution d) Quality
control
(Ans
– c)
6.
Core competency’ is associated with the
following fundamental feature of SCM.
a) Single entity concept c) Systems
approach
b) Inventory perspective d) doing
what one can do best
(Ans -d)
7.
A key characteristic of an Agile Supply chain
is:
a) Connectivity c)
Relationship
b) Flexibility d)
Rigidity
(Ans – b)
8.
The processes that focus on the interface
between firm and its suppliers comes under:
a) CRM
c) SRM
b) SCM
d) ISCM
(Ans – c)
9.
The flow in the value chain of SCM which in
general flows in both the directions.
a) Cash flow c)
Information flow
b) Fund flow d)
Value flow
(Ans – c)
10.
To achieve the ‘core competency’ was the
objective of which era?
a) Independent Business function era
b)
Limited Internally Integrated business function era
c) Fully Internally Integrated Business
function era
d) Externally Integrated Business
function era
(Ans – d)
11.
Which flow in the value chain of SCM majorly is
in forward direction?
a)
Value
flow c)
Cash flow
b)
Information flow d ) Fund flow
(Ans – a)
12.
An aircraft company is a good example of one of
the following types of logistics systems.
a)
Balanced system c)
Heavy outbound
b)
Heavy Inbound d)
Reverse systems
(Ans – b)
13.
The activities associated with receiving
storing and disseminating inputs to the product, such as material handling,
inventory control, inbound inspection, scheduling, returns to supplies etc. are
part of the:
a)
Downstream logistics c) Reverse logistics
b)
Up stream logistics d) None of these
(Ans – b)
14.
Which among the following is not a primary
component of logistics management?
a)
Network Design c)
Procurement
b)
Inventory management d) Transportation
(Ans – c)
15.
A cause of Bullwhip effect in which the
customers order intentionally present manufactures with a false picture of
consumer demand is known as:
a)
Order Batching c)
Gaming
b)
Demand forecast updating d) Price fluctuations
(Ans –c)
UNIT-1I
1.
The models that allow prediction of demand
based on past data or other parameters that are independently available are:-
a)
Allocation models c) Scheduling models
b)
Inventory models d) Forecasting models
i.
(Ans – d)
2.
The warehouse which is licensed and authorized
by the custom authorities for storing of goods till import duty due it is paid-
owned either by the government or private parties is known as:
a)
Field warehouse c)
Buffer storage warehouse
b)
Export and import warehouse d) Bonded warehouse
(Ans –d)
3.
The function of warehouse in which a warehouse
receives and consolidates materials/goods from different production plants and
then dispatches the same to a particular customer on a single transportation
shipment is known as:
a)
distribution function c) consolidation function
b)
movement function d) break-bulk function
(Ans –c)
4.
The distribution channel structure in which two
or more unrelated companies join together, so as to have pooled resources to
exploit an emerging marketing opportunity is known as:
a) Indirect
distribution channel c Horizontal
marketing systems
b) Vertical
marketing systems d) Contractual
vertical marketing systems.
(Ans -c)
5.
The wholesaler who accumulates orders from
retailers and purchases sizeable quantities from the manufacturer at a
discount, although they themselves carry no stock and make themselves no
deliveries are called:
a)
Cash & carry wholesalers c) Rack jobber
b)
Drop-shipper d)
Mail order wholesaler
(Ans – b)
6.
The method of procurement of all types of
materials, supplies, equipment etc through a single department under the direct
control and superintendence of one responsible person.
a)
single vendor concept c) decentralized purchasing
b)
centralized purchasing d) hand to mouth purchasing
(Ans – b)
7.
The vendor rating method in which the members
of buying staff are required to assign the plus or minus notations against each
factor provided for the evaluation purposes of the suppliers so as to assess
the performance of each supplier is:
a)
The weighted point method c) Performance appraisal
b)
The cost-ratio plan d) Categorical plan
(Ans –d)
8.
Blanket purchase orders are given for items:
a)
continuously used c) large single orders
b)
normal purchases d) small value purchases
(Ans – a)
9.
The report prepared as soon as materials are
cleared from receiving sections and sent for inspections from the stores is
known as:
a)
Advice note c)
Clearance report
b)
Materials received report d) Final goods inward report
(Ans – b)
10. The accounting
method used for pricing the material issues, in which material issues are
charged at a predetermined, budgeted or estimated price which reflects a normal
or an effected future price is called:
a)
Replacement price method c) Average cost method
b)
Market price method d) Standard price method
(Ans –d)
11. The method of
stock verification in which all the items are verified relatively on the
continuous basis is known as:
a)
Periodic inventory verification c) Perpetual inventory verification
b)
Categorical plan d) FSN analysis
(Ans –c)
12. If small orders
are placed frequently (rather than placing large orders infrequently), then
total inventory cost:
a) Increased c)
Either increased or reduced
b) Reduced d)
minimized
(Ans –c)
UNIT-
II1
1.
If orders are placed with size determined by
the EOQ, then the reorder costs
component
a)
Equal to the holding cost component:
b)
greater than the holding cost component
c)
less than the holding cost component
d)
either greater than or less than the holding cost component
(Ans – a)
2.
Which costs can vary with order quantity?
a) Unit cost only c)
holding cost only
b) Reorder cost only d)
All of these
(Ans –d)
3.
If the total investment in stock is limited,
will the best order quantity for each item:
a) Equal the economic order quantity
b) Be greater than the EOQ
c) Be less than EOQ
d) Be either greater or less than the EOQ
(Ans – c)
4.
The basic information required for an efficient
control of inventory is:
a) What items should be stock?
b) When should an order be placed to replenish inventory?
c) How much should be ordered in each replenishment?
d) all of the above
(Ans – d)
5.
The basic reorder point policy is:
a) (s, Q) policy c)
(s, T) policy
b) (T,s,S) policy d)
none of the above
(Ans – a)
6.
ABC analysis depends on the:
a)
Quality of materials, c) Cost of materials,
b)
Quantity of materials used, d) Annual consumption value of material.
(Ans – d)
7.
The rent for the stores where materials are
stored falls under:
a)
Inventory carrying cost c) Procurement cost
b)
Ordering cost d)
Stocking cost
(Ans –a)
8.
As the order quantity increases, this cost will
reduce:
a)
Ordering cost c)
Inventory carrying cost
b)
Insurance cost d)
Stock out cost
(Ans – a)
9.
Economic Batch Quantity is given by: (where, C1
= Inventory carrying cost, C3= Ordering cost, r = Demand for
the product):
a)
(2C1/C3)1/2 c) 2C3 r/C1
b)
(2C3/C1r) ½ d)
(2C3 r/C1) 1/2
(Ans – d)
10.
The VED analysis depends on:
a)
Annual consumption cost of materials, c) Time of arrival of materials
b)
Unit price of materials d) Criticality of materials
(Ans – d)
11.
In FSN analysis the letter S stands for:
a)
Slack materials c)
Slow moving materials
b)
Stocked materials d) Standard materials
(Ans – c)
12.
The lead-time is the time:
a)
To place orders of materials
b)
Time of receiving materials
c)
Time between receipt of material and using
materials
d)
Time between placing the order and receiving
the materials.
(Ans d)
13.
The inter company computer to computer exchange
of business documents in standard formats is known as:
a)
Electronic Data interchange c) Enterprise Resource
planning
b)
E Commerce d)
Artificial Intelligence
(Ans
– a)
14. The
technologies aimed at making computers
imitate human reasoning and are concerned with symbolic reasoning rather
than numeric processing:
a)
EDI c)
AI
b)
ERP d)
RF technologies
(Ans – c)
15.
Which of the following input information is not
required by the MRP?
a)
Inventory status file c) Bill of materials
b)
Master production schedule d) Sales forecasts
(Ans – d)
UNIT-1V
1.
The business activity of framing out identified
non-core activities to external agencies is known as:
a)
Procurement c)
Benchmarking
b)
Vendor rating d)
Outsourcing
(Ans – d)
2.
A set of interrelated and interdependent
functions for collection, storage, analysis and retrieval of information in
required format so as to facilitate a smooth flow of input goods from their
sources to the processing facilities and outputs to their final destination of
use is known as:
a)
MIS c)
DSS
b)
DBMS d)
LIS
(Ans – d)
3.
Processes that focus on downstream interactions
between the enterprise and its customers are
known as:
a)
SCM c)
CRM
b)
SRM d)
ISCM
(Ans – c)
4.
The hardware-cum-software technology that
allows placement of computer readable codes on different items so that they can
be easily recorded at various points of storage or use is known as:
a)
Classification c) RF tags
b)
Codification d)
Bar coding
(Ans – d)
5.
An integrator that assembles the capabilities,
technology and resources of its own organization and other organizations to
design, build and run comprehensive supply chain solutions is known as:
a)
3PL c) LIS
b)
AI d)
4PL
(Ans – d)
6.
A time-based representation of the processes
and activities that are involved as the materials or products move through the
supply chain:
a)
Flow chart c)
Supply chain operations reference
b)
Supply chain mapping d) Operations program
(Ans – b)
7.
While Benchmarking the second phase is:
a)
Planning c)
Analysis
b)
Integration d)
Action
(Ans – c)
8.
Which of the following statement regarding
Benchmarking is extremely false?
a)
Benchmarking includes comparing one company
with the industry average.
b)
Benchmarking includes comparing one company
with a key competitor
c)
If the industry average for gross profit is 35%
and your company average is 40%, this would be considered favorable.
d)
If the industry average for cost of goods sold
is 50% and your company average is 60%, this would be considered favorable
(Ans –d)
9.
Which among the following is not a component of
a 4PL?
a)
Integrator c)
Informdiary
b)
Control room d)
Spokesperson
(Ans – d)
10.
The step ‘continuous improvement’ comes in the
following phase of Benchmarking:
a)
Planning c)
Integration
b)
Analysis d)
Action
(Ans – d)
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