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1. A cost that exhibits a variability of the total amount of costs that is in direct proportion to changes in the operational activity is referred to as?
A) Indirect costs of supply management operations.
B) Fixed costs of supply management operations.
C) Variable costs of supply management operations.
D) Constant costs of supply management operations.
2. All of the following should occur in the mission statement of the organization or function EXCEPT.
A) Establish how the supply management function will be seen in the organization.
B) Develop key metrics through which performance will be gauged.
C) Identify key activities through which success will be achieved.
D) Link the supply management activity to the organizational strategic goals.
3. Developing the strategic supply management plan establishes the supply architecture for the organization.
Which of the following is NOT one of the components the plan ensures alignment of?
A) Basic costs
B) Supply base
C) Strategic planning components
D) Resources required
4. One of the operational factors of leasing where the lessee does not own the a piece of equipment and cannot modify it without the permission of the lessor is referred to as?
A) Obsolescence type of supply management lease.
B) "Lease terms" type of supply management lease.
C) Customization type of supply management lease.
D) Operating costs type of supply management lease.
5. The best asset tracking system for warehouse tracking would be? Choose the BEST response.
A) Kanban indexing for improved tracking.
B) Hand count for tracking and paper audit.
C) Excel databases for tracking electronically.
D) Radio frequency identification devices.
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: B | Question # 3 Answer: A | Question # 4 Answer: C | Question # 5 Answer: D |
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