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Midterm - 1 MIDTERM EXAM MKT 636 SUPPLY CHAIN T/F = 2 MC =...

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1 MIDTERM EXAM MKT 636 SUPPLY CHAIN T/F = 2, MC = 3. Essay = 9. 1. Every organization has an operations function. Answer: True 2. Most organizations function as part of a larger supply chain. Answer: True 3. The supply chain is a network of manufacturers and service providers that work together to convert and move goods from the raw materials stage to the end user. Answer: True 4. Of the three flows linking organizations in a supply chain, information and monetary flows always move upstream and physical flows always move downstream. Answer: True 5. Which of the following is NOT a flow typically found in a supply chain? a. physical b. information c. monetary d. risk Answer: D - Risk 6. Which of the following is primarily a supply chain management decision? 7. Which of the following is NOT a trend in operations management? 8. In general, core competencies make excellent strategies.
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2 9. Which of these is NOT one of the primary objectives of an operations and supply chain strategy? 10. Which of these statements about time performance is best?
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