Question 1

A firm is expanding into a new market with import/export tariffs and needs a warehouse to accept, store, and ship its general merchandise product. What type of public warehouse in the new market would best meet the firm's needs?

Options :

A : Bonded

B : Subcontracted

C : Specialty

D : Network aligned

Answer: A

Question 2

Which of the following terms represents a time series forecasting technique?

Options :

A : Mean absolute deviation (MAD)

B : Moving average

C : Causal

D : Multiple regression

Answer: B

Question 3

A company that produces a set of standard products, which are sold through multiple channels, would segment its sales by:

Options :

A : brand

B : product

C : customer

D : region

Answer: C

Question 4

Two individuals are travelling by train to the same location, departing from two different cities. Both purchased tickets when they arrived for

departure, yet paid different prices. Which of the following pricing strategies was most likely practiced by the train company?

Options :

A : Regional pricing

B : Coupons and rebates

C : Product versioning

D : Channel pricing

Answer: A

Question 5

A company has applied lean thinking and tools to its internal operations over the last several years. The company is now concerned about its ability to recover from a supply disruption. Which of the following actions would be most appropriate for the company to take to increase its resiliency?

Options :

A : Arrange for multiple sources for key components.

B : Maintain 1 week-s supply of safety stock for key components.

C : Require the suppliers of key components to maintain safety stock.

D : Add capacity to enable quick recovery from a disruption.

Answer: A

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