MCQOPTIONS
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MCQOPTIONS
This section includes 16 Mcqs, each offering curated multiple-choice questions to sharpen your Master of Commerce (MDotcom) knowledge and support exam preparation. Choose a topic below to get started.
| 1. |
What additional factor does overall equipment effectiveness take into account which makes it more meaningful than efficiency or utilization? |
| A. | Flexibility |
| B. | Speed |
| C. | Cost |
| D. | Quality |
| Answer» B. Speed | |
| 2. |
. refers to the process of having the right item in the right quantity at the right time at the right place for the right condition to the right customers |
| A. | Business logistics |
| B. | Engineering logistics |
| C. | Management logistics |
| D. | None of these |
| Answer» E. | |
| 3. |
To reduce inventory management costs , many companies use a system called .. , which involves carrying only small inventories of parts or merchandise , often only enough for a few days of operation |
| A. | Reduction inventory management |
| B. | Supply chain management |
| C. | Economic order quantity |
| D. | Just in time logistics |
| Answer» E. | |
| 4. |
Which aggregate planning strategy, involves a stable machine capacity and workforce are maintained with a constant output rate? |
| A. | Chase strategy |
| B. | Flexibility strategy |
| C. | Level strategy |
| D. | None of these |
| Answer» B. Flexibility strategy | |
| 5. |
Which of the following document is a contract between the owner of goods and carrier (as with domestic shipments)? |
| A. | Consular invoice |
| B. | Commercial invoice |
| C. | Certificate of value |
| D. | Bill of lading |
| Answer» E. | |
| 6. |
Which phase of supply chain design process, decides on which market will be supplied from which locations? |
| A. | Supply chain strategy |
| B. | Supply chain planning |
| C. | Supply chain operation |
| D. | None of these |
| Answer» C. Supply chain operation | |
| 7. |
A supply chain is made up of a series of process that involve an input, a .., and an output |
| A. | Shipment |
| B. | Supplier |
| C. | Customer |
| D. | Transformation |
| Answer» E. | |
| 8. |
.. encompasses all activities associated with the flow and transformation of goods from the raw materialstage, through to the end user, as well as the associated information flows. |
| A. | Production line |
| B. | Supply chain |
| C. | Marketing channel |
| D. | Warehouse |
| Answer» C. Marketing channel | |
| 9. |
According to Professor Mentzer and colleages, the supply chain concept originated in what discipline? |
| A. | Marketing |
| B. | Operations |
| C. | Logistics |
| D. | Production |
| Answer» D. Production | |
| 10. |
includes design and administration of system to control the flow of materials, work in progress and finished inventory to support business unit strategy |
| A. | Logistics management |
| B. | Materials management |
| C. | Bills of materials |
| D. | None of these |
| Answer» B. Materials management | |
| 11. |
When suppliers, distributors, and customers collaborate with each other to improve the performance of the entire system, they are participating in a .. |
| A. | Channel of distribution |
| B. | Value delivery network |
| C. | Supply chain |
| D. | Supply and demand chain |
| Answer» C. Supply chain | |
| 12. |
Today, a growing number of firms now out source some or all of their logistics to intermediaries |
| A. | Competitors |
| B. | Third party logistics providers |
| C. | Channel members |
| D. | Cross functional teams |
| Answer» D. Cross functional teams | |
| 13. |
.. is a tool to chart how individual process are currently be conducted and to help lay out to new improve process |
| A. | Process mapping |
| B. | Pareto charting |
| C. | Supply chain design |
| D. | Design chain mapping |
| Answer» B. Pareto charting | |
| 14. |
The business term that involves choosing a supplier, agreeing what to buy at a certain price and by when is called? |
| A. | Logistics |
| B. | Supply chain management |
| C. | Stock control |
| D. | Procurement |
| Answer» E. | |
| 15. |
Which one of the following would not generally be considered as an aspect of operations management? |
| A. | Work methods |
| B. | Secured financial resources |
| C. | Maintain quality |
| D. | Product or service design |
| Answer» C. Maintain quality | |
| 16. |
A supply chain includes the chain of entities involved in the planning, procurement, production and.............. of products and services |
| A. | Distribution |
| B. | Supply |
| C. | Demand |
| D. | Transport |
| Answer» B. Supply | |