See Attached

1. Customized products that are more extensive than standard products do not provide customer value.

T F

2. A value chain is different from a supply chain in that it provides additional value on purchases to the company only.

T F

3. Manufacturing strategies include all of the following except:

a. ___ Build to Order

b. ___ Purchase for Resale

c. ___ Build to Forecast

d. ___ Engineer to Order

e. ___ Assemble to Order

4. Vendor managed inventory implies that the:

a. ___ Vendor manages their own warehouse

b. ___ Vendor manages inventory in their plant for customers

c. ___ Vendor manages the procurement of raw materials to produce products for customers

d. ___ Vendor manages the customer’s inventories

e. ___ Vendor manages a customer’s warehouse

5. Of the following cultural challenges, which doe not below?

a. ___ Climate

b. ___ Topography

c. ___ Inflation

d. ___ Natural Resources

e. ___ All are important

6. Of the following cultural challenges, which does not belong?

a. ___ Religion

b. ___ Language

c. ___ Race

d. ___ Deflation

e. ___ They all belong

7. The following are infrastructure factors except:

a. ___ Railroads

b. ___ Ports

c. ___ Bridges

d. ___ Roads

e. ___ Space Station

8. Of the following economic challenges, which one is the least common?

a. ___ Balance of payments

b. ___ Inflation

c. ___ Deflation

d. ___ Employment

e. ___ Religion

9. Distribution strategies include the following except:

a. ___ In-house transportation

b. ___ Direct investments

c. ___ Direct sales

d. ___ Wholesalers and distributors

e. ___ Third party providers

10. Which of the following are commonly used hedging strategies?

a. ___ Forward market

b. ___ Money market

c. ___ Currency options

d. ___ A & B

e. ___ All of the above

f. ___ none of the above

11. Which of the following are commonly used inventory management models?

a. ___ Economic Order Quantity (EOQ)

b. ___ Just In Time (JIT)

c. ___ Kanban

d. ___ Two bin

e. ___ Materials Requirements Planning ( MRP)

f. ___ B & D

g. ___ All of the above

12. The following are all common forecasting techniques except:

a. ___ Exponential smoothing

b. ___ Trend extrapolation

c. ___ Simulations

d. ___ Regression analysis

e. ___ Black Sholes model

13. Electronic Data Interchange (EDI) is used to:

a. ___ Convert one’s data format to another

b. ___ Withdraw cash from an Automated Teller Machine (ATM)

c. ___ Transmit orders electronically

d. ___ Send money orders internationally

e. ___ Send wire transfers

14. Global positioning satellite systems are used to:

a. ___ Position the globe

b. ___ Track moving vehicles

c. ___ Communicate orders

d. ___ Locate customers

e. ___ Locate warehouse inventory

15. Lack of connectivity is also described as “denial of service”

T F

16. Point of Sale terminals refer to mechanical cash registers.

T F

17. The following are contemporary trends in global value chain management:

a. ___ Automation

b. ___ Virtual integration

c. ___ Disintermediation

d. ___ Differentiation

e. ___ Voice over Internet Protocol

18. Comprehensive web services related to global value chain management include all of the following except:

a. ___ Teleconferencing

b. ___ Virtual integration

c. ___ Internet

d. ___ Electronic markets

e. ___ Voice over Internet Protocol

19. The following are contemporary issues in value chain mangement except:

a. ___ Trust between global value chain partners

b. ___ Resolution

c. ___ Identity theft

d. ___ Reliability

e. ___ Security

20. All of the following enhances the global value chain except:

a. ___ Process versus function

b. ___ Customer centered versus supplier centered

c. ___ Bonus plans for executives

d. ___ Execution versus planning

___ Vendor Managed Inventory