MGMT614 Final Term Quiz 2 July 2023 by Miss Mehwish

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Q1. The simplest CPFR scenario to implement is: Options:

1. DC Replenishment Collaboration
2. Retail Event Collaboration
3. All of these
4. Collaborative assortment planning

Correct option: D) Collaborative assortment planning

Q2. Time flexibility from workforce means: Options:

1. All of these
2. Existing labor works overtime
3. Subcontracting
4. Hiring seasonal workforce

Correct option: A) All of these

Q3. The growth or decline in demand is called: Options:

1. Level
2. Trend
3. Seasonality
4. Forecast error

Correct option: B) Trend

Q4. A firm can provide price promotion during periods of: Options:

1. High Demand
2. All of the given options
3. Stable demand
4. Low demand

Correct option: B) All of the given options

Q5. ________ can be used to counter the Bullwhip effect caused by Order Batching. Options:

1. Capacity reservation
2. Allocating stock based on past sales
3. EDLP
4. Discount on assorted truckload

Correct option: A) Capacity reservation

Q6. How can a firm meet increased seasonal demand? Options:

1. Offer a price promotion during off season
2. All of the given options
3. Build up inventory during the off season
4. Carry enough manufacturing capacity

Correct option: B) All of the given options

Q7. The availability of suppliers, transportation services, communication, utilities, and warehousing infrastructure are considered to be: Options:

1. Soft infrastructure
2. Firm infrastructure
3. Hard infrastructure
4. Macro infrastructure

Correct option: C) Hard infrastructure

Q8. Which of the following is used for forecasting when there are both seasonality and trend in the data?

1. Judgments
2. Winter’s Model
3. Exponential Smoothing
4. Moving Average

Correct option: B) Winter’s Model