Practice Quiz

Supply Chain Manager Exam Prep - Question List

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31.

Globalization was possible majorly due to the _________ will to allow open import and export across countries through __________.

  1. Political; agreements
  2. Social; agreements
  3. Traders'; organizations
  4. Customers'; organizations
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32. Excluded countries can experience a reduction in their exports because of the trade diverting effect of a ___________.
  1. PTA
  2. PTS
  3. CRM
  4. SRS
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33. Why must firms decide which inventory to build and which to not?
  1. Due to limited demand.
  2. Due to limited production.
  3. Due to access demand season.
  4. Due to limited labor.
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34. In a ______________, inventory status is checked at a regular episodic intervals and an order is placed to raise the inventory level to a specified threshold.
  1. Non-periodic review
  2. Periodic review
  3. Continuous review
  4. All of the above.
See answer
35.

Firms that target customers who value short response times need to be _________.

  1. Located near consumers
  2. Located far from consumers
  3. Able to move from one place to another
  4. All of the above
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