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BUAD 331 Exam 1 Questions and Answers 100% Solved
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BUAD 331 Exam 1 Questions and Answers 100% Solved
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BUAD 331 Exam 1 Questions and Answers 100% SolvedTotal value optimization involves: Correct Ans-Finding the optimal balance between
increasing revenue and minimizing cost
What part of the Supply Chain Operations Reference (SCOR) model involves turning the raw
material into a finished product? Correct Ans-Make
What negative outcomes can result from large lot-sized, long lead-time operations?
Correct Ans-A. Customers don't want the items that are available.
B. The items are located in places and at times customers that don't want them.
C. Unsold products are sold at reduced prices or scrapped altogether.
D. All of the above
"Bending the chain" refers to: Correct Ans-A move from a linear supply chain model to an
integrated, overlapping one
What is the first step Caterpillar took to better integrate its supply chain functions? Correct
Ans-Formed an integrated supply chain group to manage its supply chain
Which of the following would be a metric for a senior-level supply chain manager? Correct
Ans-Operating profit
, BUAD 331 Exam 1 Questions and Answers 100% Solved
What is a company's optimal service level? Correct Ans-The point where the cost and
revenue curves are farthest apart
The Supply Chain value proposition framework represents the interactions between:
Correct Ans-Revenues, costs and assets
According to an E&Y survey of supply chain professionals, what is the priority of the supply
chain organization? Correct Ans-improving product and service quality
Which of these is an example of a "tax haven"? Correct Ans-a country or jurisdiction with
very low corporate taxes
Which of the following actions will most directly will lead to more cash availability?
Correct Ans-Collect account receivable more quickly
In 2016, Apple Computer reported the following results for 4th Quarter of operations: Cost of
Goods Sold = US$46,852 million, Gross Margin = US$17,813 million, Net Income = US$9,014
million, Current Assets = US$128,645 million, Total Assets = US$375,319 million Correct
Ans-2.4%
Sales: $460,000
Accounts Receivable Balance: $40,000
Cost of Goods Sold: $300,000
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