EXAM 31. Which of the following represent a set of KPI’s that would best help achieve a strategic goal ofearning an “A” grade in BA 331?a. High school GPA, UT GPA, SAT scoreb. BA 201 grade, BA 332 grade, money in your walletc. Class attendance, solitaire playing, web surfingd. Class attendance, time spent studying, % of time you are able to answer classmate’s questions2. Which of the following is an example of risk mitigation through redundancy?a. Marty’s Wall Art only sells a small variety of picture frames in order to reduce supply chain complexityb. Good Reads Book Retailers upgrade their information technology to improve visibility across their 50 U.S. locations and throughout their supply chainc. Mega Star T-shirts keeps a large inventory of blank shirts and waits to print team logos on them until after the Super Bowld. The Builder Buddy Tool Company maintains two production facilities, one in Topeka and one in Pittsburgh, in case one has to close down3. In creating a sustainable supply chain, which of the following falls in the area of product development and stewardship?a. Traceability and chain of command/custodyb. Lifecycle analysisc. Return management/policiesd. Remanufacturing4. Paying extra to a supplier to ensure higher quality service, resulting in a lower and total supply chain cost is an example of what kind of thinking?a. Open Communicationb. Verticalc. Traditionald. Collective Bargaininge. Win-Win5. As discussed in class, Hewlett-Packard holds a large inventory of finished printers without power cables or documentation at their distribution centers throughout the world. After receivingan order, the company then pairs power cable, printer, and documentation to match the printer’s destination country. This is an example of…a. Visibilityb. Business Continuityc. Postponementd. Redundancy6. Fill in the blanks: “What gets _____, gets _____.”a. Measured, managedb. Forecasted, madec. Predicted, mitigatedd. Benchmarked, improved7. We learned that risk sometimes manifests itself in ways that seem pretty farfetched prior to their occurrence—a particular example we discussed involved Nestle’s KitKat bars. Which of the following best describes the key players from this example?a. An oil supplier, orangutans, and Greenpeaceb. A hurricane, palm trees, and a manufacturing facilityc. A rain forest, a packaging company, and the Sierra Clubd. The Hershey company, UPS, and cattle farmerse. A shipping firm, pirates, and the US Navy8. Which of the following lowers the risk of supply chain vulnerability due to disruption or delay?a. Decreasing supply chain inventoryb. The globalization of supply chainsc. The trend toward increased outsourcingd. Increasing supply chain flexibilitye. A reduction of the supplier base9. What is the main problem with the traditional order process (see figure above)?a. Activities create a positive physical work environment for employeesb. Activities are circular and have to be repeatedc. Activities are parallel and integrated through many functionsd. Activities are sequential and thrown “over the wall” to the downstream functional area10. According to the video “Mast Store – Sustainability,” what is one of the ways Mast Store practices sustainability?a. Touring supplier facilities to ensure sustainable practices before purchasing productsb. Ensuring all new Mast Store locations are LEED certifiedc. Breaking down boxes and sending them back to the DC for re-used. Using only bio-degradable packaging to reduce waste11. According to the video “Mast Store – Supply Chain Complexity,” what is one potential drawback of carrying so many different styles and sizes of Smart Wool Socks?a. Mast’s suppliers offer bulk discounts regardless of the variety of socks purchasedb. The complexity require may outweigh the profit gained from sale of the socksc. There are too many varieties of socks to fit on a single sales rackd. Hikers will wear any style of sock, so variety is unnecessary 12. Why is cargo theft so attractive to criminals?a. Once stolen freight crosses national borders, firms in the country of origin lose the right to prosecute the criminalsb. Citizens don’t often complain about cargo theft, and so these issues are given little attentionc. Freight in transit is rarely marked or tracked and is virtually untraceabled. Targeted loads are seldom left unattended13. Which of the following is a component of creating a supply chain risk management culture?a. Real options thinkingb. Supply chain intelligencec. Supplier developmentd. Board-led responsibility and leadership14. Which type of risk is concerned with questions about the ability to replenish our raw materials and sub-components?a. Demand Riskb. Control Riskc. Supply Riskd. Environmental Riske. Process Risk15. As discussed in class, which automotive company is not known for its positive partnerships with suppliers?a. Toyotab. Nissanc. Honda d. GMe. Ford16. What is the purpose of conducting risk profile assessments?a. To determine the risk of failure for a new productb. To determine the probability and magnitude of new market demandc. To determine the demand penetration pointd. To determine the location of future factoriese. To determine the area of greatest vulnerability to disruption in the SC17. Which of the following is true about cargo theft?a. All product types are equally likely to be stolen in transitb. Cargo crime modi operandi remain relatively the same regardless of locationc. Cargo theft is considered a low risk, high reward opportunityd. A single governing body presides over all cargo theft in North America18. Which type of manager should you strive to be?a. Ob. Vc. Ad. Te. B19. Which of the following is a component of the “Traditional View of Competition”?a. Low-cost productionb. Information basedc. Virtual networks d. Customer value oriented20. As discussed in class, what allowed Nokia to remain relatively unaffected by the fire at a Philips microchip plant in New Mexico?a. Utilized a flexible strategy that allowed them to switch suppliers quicklyb. Assisted the Philips facility in recovering from the fire within a weekc. Invested US$400m to build their own production facility and reduce their dependence on Philipsd. Held large amounts of inventory to reduce the risk of stockouts21. “Producing more value in terms of products/services with less resources, waste, and pollution” is called:a. Social responsibilityb. Environmental
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