- (Topic 3)
A large bicycle company has outsourced manufacturing and needs to respond immediately to any logistics problems in the supply chain. The best technological solution to meet this need is:

1. A. enterprise resources planning.
2. B. supply chain event management.
3. C. supplier relationship management.
4. D. a transportation management system.

Correct Answer: B

- (Topic 3)
ABC Corporation is implementing a website that connects clothing distributors and retailers with many different garment manufacturers from whom they can buy finished goods. This website would be an example of:

1. A. virtual auction site.
2. B. intranet commerce.
3. C. a vertical exchange.
4. D. an Internet storefront.

Correct Answer: C

- (Topic 1)
Which of the following benefits of supplier relationship management typically results from collaboration with a few critical suppliers?

1. A. Automation of supplier sales activities
2. B. Elimination of formal contracts
3. C. Reduction in customer and supplier inventories
4. D. Standardization of communications

Correct Answer: C

- (Topic 3)
Which of the following processes ensures that functional plans are consistent?

1. A. Strategic planning
2. B. Sales and operations planning
3. C. Project planning
4. D. Master scheduling

Correct Answer: B

- (Topic 3)
The most useful inventory costing method which enables purchase price variance analysis
is:

1. A. average costing.
2. B. standard costing.
3. C. last in first out (LIFO) costing.
4. D. first in first out (FIFO) costing.

Correct Answer: B