Chap 6

A firm may choose to build a flexible global supply chain even in the
presence of little demand or supply uncertainty if

Selected
Answer: uncertainty exists in both exchange rates
and prices.
Answers: uncertainty exists in both exchange rates
and prices.

uncertainty exists in exchange rates or
prices.
certainty exists in exchange rates or prices.
certainty exists in both exchange rates and

prices.
Simulation methods are very good at evaluating a decision where the path
itself is decision dependent.
Selected Tru
Answer: e
Answers: True
Fals
e
The discount factor used to obtain the present value of money in the next
period where k represents the rate of return is
Selected
Answer:
1 + k.
Answers: 1 + k.

1/(1
+ k).
k.
k /(1
+ k).
Strategic planning and financial planning
Selected
Answer: should be performed concurrently during supply chain
network design.
Answers: should be performed sequentially during supply chain
network design.
should be performed independently during supply chain
network design.
should be performed concurrently during supply chain
network design.

should be combined during supply chain network design.
A global supply chain with offshoring would tend to see metrics associated
with which of these performance dimensions decline in performance?
Selected Answer:
On time delivery
Answers:
Inventories
Clarity of order
communication
Supply chain
visibility
On time delivery
One of the best ways to speed up the process of financial

analysis and arrive at a good decision is to
Selected
Answer: use estimates of inputs when it appears that
finding a very accurate input would take an
inordinate amount of time.
Answers:
use estimates backed up by sensitivity analysis
when it appears that finding a very accurate
input would take an inordinate amount of time.
use estimates of inputs except when it appears
that finding a very accurate input would take an
make sure that every detail is very accurate.
use estimates of inputs when it appears that

finding a very accurate input would take an
The ability to produce a variety of products within a short

period of time is called
Selected
Answer: modular
flexibility.
Answers: chained
flexibility.

mix flexibility.
modular
flexibility.
volume
flexibility.
Question 9
0 out of 5 points
A firm may choose to build a flexible global supply chain
even in the presence of little demand or supply
uncertainty if certainty exists in exchange rates or
prices.
Selected Tru
Answer: e
Answers: True
Fals
e
The rate of return k is also referred to as the
Selected
Answer:
discount rate.
Answers: discount rate.
hurdle rate.
opportunity cost of
capital.

All of these
The main advantage of simulation models is that they can

provide low-cost evaluations of complex situations.
Selected Tru
Answer: e
Answers: True
Fals
e
Decision tree analysis is based on Bellman's principle, which
states that for any choice of strategy in a given state,
Selected
Answer: the optimal strategy is the one that is selected
if the entire analysis is assumed to begin in the
last period.
Answers:
the optimal strategy in the next period is the
one that is selected if the entire analysis is
assumed to begin in the next period.
the optimal strategy is the one that is selected
last period.
the optimal strategy is the one that is selected
first period.
the optimal strategy in the next period is the
one that is selected if the entire analysis is
assumed to begin in the last period.
Based on the Accenture survey on sources of risk that

affect global supply chain performance, which of the
following was found to have affected the highest
percentage of supply chains?
Selected
Answer:
shortage of skilled resources
Answers:
volatility of fuel prices
customs delays
shortage of skilled resources
inflexible supply chain

technology
A global supply chain with offshoring would tend to see metrics associated
with which of these performance dimensions decline in performance?
Selected
Answer: Supply chain visibility
Answers:
Inventories
Clarity of order
communication
Supply chain visibility
On time delivery
As flexibility is increased,
the total cost of flexibility is decreased.
the marginal benefit of additional flexibility is decreased.

the total flexibility is decreased.
the marginal benefit of additional flexibility is increased.
The tailored strategy "Focus on low-cost, decentralized capacity for

predictable demand" follows which risk mitigation strategy?
Selected
Answer:
Increase
responsiveness.
Answers: Get redundant
suppliers.
Increase
responsiveness.
Increase inventory.

Increase capacity.
In a complex decision tree there are

Selected
Answer: an infinite number of possible paths that may result from the
first period to the last.
Answers: less than thirty possible paths that may result from the first
period to the last.

thousands of possible paths that may result from the first period
to the last.
only a few possible paths that may result from the first period to
the last.
an infinite number of possible paths that may result from the
first period to the last.

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A firm may choose to build a flexible global supply chain even in the

presence of little demand or supply uncertainty if

certainty exists in both exchange rates and

One of the best ways to speed up the process of financial

use estimates of inputs when it appears that

The ability to produce a variety of products within a short

The main advantage of simulation models is that they can

Based on the Accenture survey on sources of risk that

shortage of skilled resources

inflexible supply chain

the marginal benefit of additional flexibility is decreased.

The tailored strategy "Focus on low-cost, decentralized capacity for

In a complex decision tree there are

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