1. Goods that are identical in nature and cannot be separated from each other are:
2. In the retail setting, the most important factor in determining when the buyer has
taken title and owns
GSC: Practice Exam 1
I) Supply and Demand Review
(In the following decide what is/are affected: quantity demanded, quantity
supplied, supply, demand, equilibrium price, equilibrium quantity)
1) If price of shoes goes up, what happens in the shoe market?
1. One goal of supply chain management is to decrease inventories.
2. SCM systems are a type of interorganizational information system.
3. SCM systems are located only within an orgnization.
4. It is complicated to design an
1. Trends that have led to the supply chain concept include all of the following except:
A) modern organizations are focusing on their core competencies
B) modern organizations are concentrating on becoming more agile and flexible
C) modern organizations
1. Optimization models are often used to:
A. establish the best relationship between price and sales and marketing budgets.
B. determine the proper mix of products within a given market to maximize profits.
C. determine the price of a product given fluctu
Study Guide for Final Exam: 6, 7, 10 (U.N/E.U Portion), and 13
Chapter 6: Military Force and Terrorism
Weapons of Mass Destruction
Ballistic Missile Defenses
Study Guide Midterm Exam
1. Terrorism is an often discussed and not very well understood issue in
international relations. Analyze what we know about terrorism and the role of
state and nonstate actors in either promoting or preventing its use.
2. What do
Green Supply Management
Minority- And Women-Owned Business Enterprises
Many forces motivate a buying firm to ensure that MWBE businesses receive a
share of the firms business, such as:
Federal and s
Which of the following is not a characteristic of unstructured decisions?
b) fuzzy and unclear
c) standard solutions exist
d) human intuition involved
e) all of the above are characteristics of unstructured decisions
Which type of decision requ
Customer-facing CRM applications are those applications where an organizations
sales, field service, and customer interaction center representatives actually interact
These applications include:
Determining the Monopolists Price and Output
Draw the firm's marginal revenue curve.
Determine the output the monopolist will produce by the intersection of the MC and
Determine the price the monopolist will charge for that output.
Monopoly Profit Maximization
A Model of Monopoly
How much should the monopolistic firm choose to produce if it wants to maximize
The Monopolists Price and Output Numerically
The first thing to remember is that marginal revenue is the change in tot
In contrast to competitive bidding, reverse auctions produce real-time interaction.
Though effective for achieving cost savings, reverse auctions are not appropriate for all
Reverse bid process can have an adverse affect on lo
The development of mobile commerce is driven by which of the following factors?
a) widespread availability of mobile devices
b) the cell phone culture
c) declining prices of wireless devices
d) bandwidth improvement
e) all of the above
Which of the follow
Many firms try to not exceed more than 15 to 25 percent of any one suppliers
This issue became all too real in the early 2000s
Many companies cancelled orders that had long supplier lead times, which
resulted in suppliers being
Supply Base Reduction
Supply base reduction is achieved through both reducing variety and increasing
Two benefits of supply base reduction cited by John Deere are:
increased leverage with suppliers
better focus and supplier integration in pr
Managers must ensure the suppliers perform as required.
Suppliers must meet the firms long-term needs.
If suppliers are unlikely to meet future requirements the firm may:
Assist with financing / technological assistance.
Develop new sou
If you buy a science fiction book from Amazon.com, the companys software will
automatically recommend similar books bought by other readers. This is an
c) one-to-one marketing
d) viral marketing
e) permission mar