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Question: Which of the following is correct? O a. The transportation department is responsible for transporting all the items that are inbound from your suppliers. O b. The transportation department is responsible for transporting all the items that are to be shipped from one of your plants to another. O c. The transportation department is responsible for transporting all the finished products to customers. O d. All of the above. Question: Which of the following is not true about the sales department? O a. O b. The sales department gets information about the customer's requirements from the customer. The sales department supplies a forecast of what the buyer is expected to purchase. Both a and b are correct. Both a and b are incorrect. O c. O d. Question: Which of the following is not true about the sales department? O a. The sales department gets information about the customer's requirements from the customer The sales department supplies a forecast of what the buyer is expected to purchase. Both a and b are correct. O c. O d. Both a and b are incorrect. Will Question: Which of the following is the correct method for calculating inventory turnover? Inventory Turnover = Cost of Goods Sold / Average Inventory Ob. Inventory Turnover = Cost of Goods Sold / Actual Demand Inventory Turnover = Inventory Carrying Cost x Average Inventory O d. d. Inventory Turnover Actual Demand - Forecast Demand Question: When the supply chain management is reactive: O a. The company pre-empts the customer's needs and reacts accordingly. O b. The company is in the driver seat and guides the customer regarding his/her requirements. Both a and b. O d. Neither a nor b. Question: The transportation department of a company has the capability to increase profits for the customer. This statement, according to the course: Is false, Is true for certain industries. O a. Ob. O c. O d. Is true. May or may not be true. Question: Which is the following statements is/are true? O a. The transportation department can cause customers to purchase more from you by decreasing their spending with your competition by ensuring your lead time is shorter. O b. The transportation department can reduce the amount of cash going out to suppliers by getting lower/better rates on inbound shipments that originally were freight pre-paid. O c. Only a O d. Both a and b Question: Buyers will often pay more for a product if they feel: O a. It improves their profile and reputation. b. A sense of kinship with a supplier that strives to help them save money. The product or service is more reliable or readily available. O d. None of the above. Question: The ordering cost of an inventory is $50 with a carrying cost of $2. Calculate the economic order quantity (EOQ) for an annual demand of 500,000 units and subsequently calculate the total number of orders to place in a year. O a. O b. . O d. EOQ = 50, Number of orders = 10 EOQ = 100, Number of orders = 500 EOQ = 500, Number of orders = 100 EOQ = 1000, Number of orders = 500 Question: Which of the following is not true about the power of cash? O a. You can reach more new customers when you have the cash to advertise more than your competition can. O b. O c. O d. The more cash you have, the stronger is your image as a reliable and honest company. The more cash you have, the longer you can hold out for the best opportunities. More investors will invest with you based on the amount of cash that you have

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