Emerging Trends In Management Set 2
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This set of Emerging Trends in Management Multiple Choice Questions & Answers (MCQs) focuses on Emerging Trends In Management Set 2
Q1 | Which of the following is not an area of responsibility for a logisticsmanager?
- warehousing
- inventory
- information systems
- marketing
Q2 | To reduce inventory management costs, many companies use a system called…………, which involves carrying only small inventories of parts ormerchandise,often only enough for a few days of operation.
- limited inventory logistics
- supply chain management
- reduction-inventory management
- just-in-time logistics
Q3 | Which of the following transportation modes is used for digital products?
- ship
- rail
- air
- the internet
Q4 | Companies manage their supply chains through………… .
- skilled operators
- information
- transportation modes
- the internet
Q5 | Julie Newmar recognizes that her company needs to provide better customer service and trim distribution costs through teamwork, both insidethe company and among all marketing channel organizations. Julie will begin the practice of………..
- customer relationship management
- horizontal marketing system management
- supply chain management
- integrated logistics management
Q6 | Smart companies coordinate their logistics strategies and forge strongpartnership with suppliers and customers to improve customer service and reduce channel cost through………………
- cross-company teams
- partnering
- segregated departmentalization
- cross –functional,cross-company teams
Q7 | Today , a growing number of firms now outsource some or all of theirlogistics to…………..
- disintermediaries
- competitors
- cross-functional teams
- third-party logistics providers
Q8 | Rolex watches can only be found in a limited number of intermediaries.This is an example of……….
- high-end distribution
- intensive distribution
- quality distribution
- exclusive distribution
Q9 | _______ analysis relates to what processes, activities, and decisionsactually create costs in your supply chain.
- cost driver
- value proposition
- cost reduction
- target costing
Q10 | In the 1980s, Toyota and Honda outcompeted American carmakersbecause they relied on suppliers for approximately _______ percent of a car’s value.
- 30
- 45
- 60
- 80
Q11 | The _______ has made it possible for other companies to eliminateintermediaries and sell directly to the end consumer.
- scm
- internet
- competition
- global sourcing
Q12 | Value stream mapping is an application of process mapping, developed toapply _______ principles to process improvement.
- management
- lean
- supply chain
- cycle time
Q13 | A supply chain is made up of a series of processes that involve an input, a_______, and an output.
- shipment
- supplier
- customer
- transformation
Q14 | _______ is a tool to chart how individual processes are currently beingconducted and to help lay out new improved processes.
- process mapping
- pareto charting
- supply chain design
- design chain mapping
Q15 | Identify from the following list a major strategic risk associated withoutsourcing.
- outsourcing landed cost is usually higher than insourcing cost.
- the supplier is purchased by a competitor
- the business loses sight of market trends.
- the cost of supplied material is passed on to the customer.
Q16 | _______ is the design of seamless value-added processes acrossorganization boundaries to meet the real needs of the end customer.
- operations
- supply chain management
- process engineering
- value charting
Q17 | The impact of cost reduction on profits is much larger than the impact ofincreased
- innovation.
- production.
- information.
- sales. 43. _______ considers how your organization competes and is an essential
Q18 | “3PL” involves using a supplier to provide _______ services.
- marketing
- design
- logistics
- contract manufacturing
Q19 | The collective learning in the organization, especially how to coordinatediverse production skills and integrate multiple streams of technologies, is called
- innovative constraint.
- second-tier competency.
- corporate skill.
- core competency.
Q20 | Integration of business economics and strategic planning has given rise toa new area of study called__________.
- micro economics
- corporate economics
- macro economics
- managerial economics
Q21 | ………….. happens in manufacturing when information about consumerdemand for any product becomes increasingly distorted as it moves upstream in the manufacturing process.
- information effect
- bullwhip effect
- supply effect
- demand effect
Q22 | Supply chain is also referred as…………
- supply force
- chain of manufacturing centre
- logistic network
- warehouse network
Q23 | ………….. is a set of approaches utilized to efficiently intergrate suppliers ,manufacturers,warehouses,and stores,so that merchandise is produced anddistributed,at the right quantities,to the right location ,and at the right time,in order to minimize system wide costs while satisfying service level requirements.
- logistic management
- supply chain management
- operational management
- production management
Q24 | The Globel Supply Chain Form identified ………………key process thatmake up the core of supply chain management.
- five
- six
- seven
- eight
Q25 | The fundamental objective of supply chain management is……….
- supply goods
- create goods
- add value
- identify supplier