IDIS 343 Final Real Exam Questions with Complete Solutions / Correct Answers Which of the following product characteristics is the most related to the utilization of the transportation equipment and the inventory space?•Value-to-weight ratio Value of the product Weight-to-volume ratio Substitutability - Correct Answer Weight to Volume Ratio Which of the following products would more likely need a responsive supply chain?Ball point pens Christmas ornaments Customized birthday gifts Toilet papers - Correct Answer Customized birthday gifts Which of the following is NOT associated with efficient supply chains?Finished good inventory Large shipment sizes Premium transportation Batch order processing - Correct Answer Premium Transportation Which of the following product characteristics is related to perishability, flammability and ease to steal?Value-to-weight ratio Weight-to-volume ratio Risk factors Substitutability - Correct Answer Risk Factors Which of the following products is NOT in its maturity stage?Laptops Electric cars 1 / 3
Coca cola Lamps - Correct Answer Electric Cars Regarding the size of the distribution network for different consumer products, which of the following ordering is correct?
Distribution network size: specialty < shopping < convenience
Distribution network size: shopping < convenience < specialty
Distribution network size: specialty = shopping = convenience
Distribution network size: convenience < shopping - specialty - Correct Answer Distribution network
size: specialty < shopping < convenience
Which of the following is NOT a characteristic of a responsive (supply-to-order) supply chain?Frequent premium shipping Low inventory cost Larger production runs Short lead times - Correct Answer Larger production runs Logistics create value in terms of
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ii. Time iii. Possession iv. Place - Correct Answer ii and iv Which of the following provides motivation to study logistics i customer service expectations are increasing ii length of supply chains are increasing.iii logistics adds customer value - Correct Answer i, ii, and iii Which of the following is NOT a phase in product life-cycle?Introduction Growth Maturity 2 / 3
Research and Development - Correct Answer Research and Development Optimal service level occurs when______?profit is maximized all of the above marginal revenue = marginal cost slope of the revenue function is equal to the slope of the cost function - Correct Answer All of the above A supplier offers a unit price of $5 when the buyer purchases fewer than 3,000 units, and the price fol unit is $4 for any quantity exceeding 3,000. This is an example of which of the following pricing methods?freight equalization pricing quantity discounts base point pricing zone pricing - Correct Answer quantity discounts Which of the following is correct for supply chains?Information flows in both directions between downstream and upstream.All of the above.Materials generally flow from upstream to downstream Money generally flows from downstream to upstream - Correct Answer All of the above Which of the following is NOT a primary activity in supply chains?Inventory Management Transportation
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