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Copyright ? 2018 Pearson Education, Inc.
TEST BANK
CHAPTER 5: THE SUPPLY CHAIN MANAGEMENT CONCEPT
Multiple Choice Questions (correct answers are bolded)
1. An underperforming supply chain is defined as one that exhibits poor service, unproductive assets, or ___________.
a. high variable operating costs
b. outdated information technology
c. high fixed costs
d. transactional exchanges
[LO: Material at beginning of the chapter; Moderate; Synthesis; AACSB Category 3: Analytical thinking]
2. The supply chain management concept originated in what discipline?
a. marketing
b. operations
c. logistics
d. production
[LO 5.1: To explain the concept of supply chains and how the network of interorganizational relationships is managed; Moderate; Application; AACSB Category 3: Analytical thinking]
3. The early to mid-___________ witnessed a growing recognition that there could be value in coordinating various business functions within and across organizations.
a. 1960s
b. 1970s
c. 1980s
d. 1990s
[LO 5.1: To explain the concept of supply chains and how the network of interorganizational relationships is managed; Moderate; Application; AACSB Category 3: Analytical thinking]
4. What concept can be viewed as a combination of processes, functions, activities, relationships, and pathways along which products, services, information, and financial transactions move in and between enterprises from original producer to ultimate end user or consumer?
a. logistics
b. supply chain
c. marketing channel
d. interorganizational coordination
[LO 5.1: To explain the concept of supply chains and how the network of interorganizational relationships is managed; Moderate; Concept; AACSB Category 3: Analytical thinking]
5. Although nearly any organization can be part of a supply chain, supply chain management requires (SCM) ___________.
a. the involvement of third-party logistics companies
b. the participation of world-class organizations
c. at least one organization
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