APICS APICS Certifications CSCP Questions & Answers

• Question 971:

  Which of the following is NOT a coordinated strategy to manage uncertainty of demand?

  A. continue to strive to reduce uncertainty

  B. avoid uncertainty by cutting lead times

  C. decrease supply chain flexibility

  D. hedge against uncertainty with buffers of inventory

  Correct Answer: C

• Question 972:

  Which of the following is true regarding functional products?

  A. Functional products have unstable and unpredictable demand, and high profit margins.

  B. Functional products satisfy basic needs, have stable and predictable demand, and long lifecycles.

  C. Functional products have unstable and unpredictable demand, and low profit margins.

  D. Functional products satisfy basic needs, have unstable and unpredictable demand, and longlife cycles.

  Correct Answer: B

• Question 973:

  What distinct function/s does a supply chain perform?

  A. market mediation

  II. indirect

  III. physical

  B. I

  C. II

  D. II and III

  E. I and III

  F. I, II, and III

  Correct Answer: D

• Question 974:

  Out of the following, which of these would most likely be the first step in devising an effective supply chain strategy?

  A. analyze the demand for the company's product

  B. introduce new products

  C. decrease product prices

  D. analyze competitors' products

  Correct Answer: A

• Question 975:

  In a recent study of the U.S. food industry it was estimated that ____________was/were wasting $30 billion annually.

  A. upper management

  B. logistic operations

  C. poor partner coordination

  D. price wars between companies

  Correct Answer: C

• Question 976:

  All of the following are examples of functional products that have become innovative products over time EXCEPT:

  A. Colgate toothpaste

  B. Ben and Jerry's ice cream

  C. Starbucks Coffee

  D. Mrs. Field's cookies

  Correct Answer: A

• Question 977:

  Which of the following is a characteristic of a market responsive supply chain?

  A. maintains high utilization rate with regards to manufacturing

  B. suppliers are selected primarily to reduce cost

  C. its product design strategy utilizes modular design to allow for postponement ofdifferentiation in products

  D. meets predictable demand efficiently at the lowest possible cost

  Correct Answer: C

• Question 978:

  All of the following are characteristics of functional products EXCEPT:

  A. product life cycle is greater than 2 years

  B. the contribution margin is between 5 and 20%

  C. it has only 10 to 20 products in each product category

  D. its average stock out rate is between 10 and 40 %

  Correct Answer: D

• Question 979:

  Which statement concerning physical cost and mediation costs is most often true?

  A. The physical and market mediation costs are approximately the same for supply chains,independent of whether the chain supports innovative or functional products.

  B. The physical cost exceeds the market mediation costs for the supply chain of a functionalproduct.

  C. The market mediation costs exceed the physical costs for the supply chain of a functionalproduct.

  D. Neither cost is taken into consideration when designing and managing a supply chain.Product?

  Correct Answer: B

• Question 980:

  If for a product, the annual flow through the warehouse is 1000 units, the inventory turnover ratio is 10.0 and each unit takes 10 square feet of floor space, what is the required space in the warehouse devoted to this product?

  A. 10 square feet

  B. 100 square feet

  C. 1000 square feet

  D. 2000 square feet

  E. 6000 square feet

  Correct Answer: E