Question 1

Excluding cost, which of the following sets of criteria describes the primary drivers for transportation mode selection?

Options :

A : Capacity, transit time, reliability, safety, and supply chain security participation

B : Accessibility, capacity, transit time, reliability, and financial stability

C : Accessibility, capacity, transit time, reliability, and safety

D : Capacity, transit time, safety, supply chain security participation, and availability

Answer: D

Question 2

Which of the following dimensions compose the full scope of supply chain sustainability?

Options :

A : Modes, network, finance, and materials

B : Efficiency, eco-friendly, economic, and education

C : Energy, risk, social responsibility, and waste management

D : Economic, environment, education, and ethics

Answer: C

Question 3

Which of the following attributes best represents how an organization regards the relationship between the cost of lost sales and inventory costs?

Options :

A : Willingness to spend increasing amounts on inventory to decrease lost sales at a greater rate

B : Willingness to spend increasing amounts on inventory but expect only minor changes in lost sales

C : Unwillingness to spend increasing amounts on inventory because they see no correlation between inventory costs and the cost of lost sales

D : Unwillingness to spend increasing amounts on inventory even though they understand that an inverse relationship exists between inventory costs and the cost of lost sales

Answer: C

Question 4

Which of the following costs are the most intangible and subjective of all the carrying cost elements?

Options :

A : Risk cost

B : Storage cost

C : Service cost

D : Capital cost

Answer: D

Question 5

A firm is deciding to increase the number of warehouses from 4 to 5. If the safety stock level of the product is currently at 500 units, which of the following quantities is an estimate of the revised safety stock levels as a result of increasing the number of warehouses?

Options :

A : 250

B : 450

C : 560

D : 660

Answer: C

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