APICS APICS Certifications CSCP Questions & Answers

• Question 941:

  The ___________ nature of supply chain management demands ___________ support before companies can create a world-class supply chain.

  A. cross-functional, functional

  B. functional, cross-functional

  C. unstable, stable

  D. stable, unstable

  Correct Answer: A

• Question 942:

  All of the following are typical of innovative products EXCEPT:

  A. 3 month to 1 year product life cycles

  B. contribution margins of 5% to 20%

  C. high product variety

  D. 10% to 40% average stockout

  E. 10% to 25% average forced end-of-season markdowns

  Correct Answer: B

• Question 943:

  What two distinct types of functions does supply chains perform?

  A. physical and market mediation

  B. physical and logistics

  C. logistics and market mediation

  D. purchasing and market mediation

  E. purchasing and logistics

  Correct Answer: A

• Question 944:

  For functional products, what is the typical average forced end-of-season markdown as percentage of full price?

  A. less than 1%

  B. 5%

  C. 10% to 25%

  D. 25% to 50%

  E. greater than 50%

  Correct Answer: A

• Question 945:

  For innovative products, what is the typical average forced end-of-season markdown as percentage of full price?

  A. less than 1%

  B. 5%

  C. 10% to 25%

  D. 25% to 50%

  E. greater than 50%

  Correct Answer: B

• Question 946:

  For functional products, what is the typical average margin of forecast error at the time production is committed?

  A. 1%

  B. 10%

  C. 25%

  D. 40% to 100%

  E. 200%

  Correct Answer: BC

• Question 947:

  For innovative products, what is the typical average margin of forecast error at the time

  production is committed?

  A. 1%

  B. 10%

  C. 25%

  D. 40% to 100%

  E. 200%

  Correct Answer: D

• Question 948:

  All of the following are typical of functional products EXCEPT:

  A. product life cyle is more than 2 years

  B. contribution margins of 5% to 20%

  C. product variety is high

  D. 10% average margin of error in the forecast

  E. 1% to 2% average stockout rate

  Correct Answer: C

• Question 949:

  All of the following are characteristics of functional products EXCEPT:

  A. stable demand

  B. long life cycles

  C. higher profit margins

  D. demand is predictable

  E. product variety is low

  Correct Answer: C

• Question 950:

  All of the following are characteristics of innovative products EXCEPT:

  A. higher profit margins

  B. demand is stable

  C. life cycle is short

  D. demand is unpredictable

  E. product variety is high

  Correct Answer: B