Apics Exam Questions Essay

32501 Words Sep 13th, 2011 131 Pages
Question Number: 1 BASICS OF SUPPLY CHAIN MGMT (BSCM) :Businesswide Concepts

The basic elements of the supply chain include:
A) supply, manufacture, distribution.
B) design, manufacture, inventory.
C) engineer, design, manufacture.
D) supply, engineer, manufacture.

The correct answer is: A

Even though different companies produce different products, the basic elements are the same: supply, manufacture, and distribution.
(Arnold, Introduction to Materials Management, Chapter 1).

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Question Number: 2
BASICS OF SUPPLY CHAIN MGMT (BSCM) :Businesswide Concepts

In order to maximize profit, a company must have all of the following objectives except:
A) Best customer service
B) Most accurate production forecast
C)
…show more content…
(Arnold, Introduction to Materials Management, Chapter 9).

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Question Number: 11
BASICS OF SUPPLY CHAIN MGMT (BSCM) :Businesswide Concepts

Which of the following would be included in the cost of carrying inventory?
I.Heating and lighting a warehouse
II.Obsolete inventory
III. Labor to move material
IV.Damaged inventory

A) I, II, and III
B) II, III, and IV
C) I, III, and IV
D) I, II, III, and IV

The correct answer is: D

All of the above costs would be included in the cost of inventory. Any costs incurred as the result of having inventory should be included.
(Arnold, Introduction to Materials Management, Chapter 9).

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Question Number: 12
BASICS OF SUPPLY CHAIN MGMT (BSCM) :Businesswide Concepts

Which of the following best describes a normal distribution?
A) Most values clustered near a central point
B) Warehouses centrally located to markets
C) Values accumulated at six sigma
D) A critical ratio of 1.0

The correct answer is: A

Normal distribution refers to the statistical distribution of values where the majority of values will accumulate around the mean. The resulting graph is shaped like a bell. It is often known as a "bell curve".
(Arnold, Introduction to Materials Management, Chapter 11).

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Question Number: 13
BASICS OF SUPPLY CHAIN MGMT

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