1. Manufacturers usually carry work-in-process inventory. True or False ?

2. Companies belonging to the same industry segment should have the same inventory turns.  True or False ?

3. The goal of inventory management is to have the right ______, in the right _______, at the right _______.

A. product, range, season

B. price, place, supplier

C. price, range, season

D. product, place, time

4. C&A has on average $6000 in inventory and its daily sales are $200. What are C&A’s weekly inventory turns (assuming demand occurs seven days a week)?

A. 85.7

B. 28.6

C. .23

D. 0.3

5. C&A sells two kinds of sandwiches: regular and deluxe. Each regular sandwich costs $1 to make and each deluxe sandwich costs $2 to make. On average, C&A has 5 regular and 10 deluxe sandwiches in inventory and 0.5 days-of-supply. How many sandwiches does C&A expect to sell each day?

A. 15

B. 30

C. 50

D. 100

6. A supply chain with a distributor has more product handling than one without a distributor. True or False?

7. Lead time is a way to measure the availability of inventory. True or False?

8. A supply chain for goods and services consists of a __________ of firms and locations that begins with __________ and ends with _________.

A. merging, public entities, private entities

B. merging, private entities, public entities

C. network, final users, raw materials

D. network, raw materials, final users

9. A supply chain that involves suppliers of raw materials in Germany, manufacturers in China, distributors in Spain, and retailers in the United States has ______ different levels or stages.

A. 5

B. 4

C. 3

D. 2

10. Company A provides corn to Company B to make into corn syrup. Company B sells its corn syrup to Company C, who makes ice cream for sale at Company D. Company A is a ___________ in the supply chain of ice cream.

A. tier 2 supplier

B. tier 1 supplier

C. manufacturer

D. retailer