1. Which of the following best describes the contemporary book industry?

A. Consolidation continues

B. Online Booksellers have changed the way books are sold

C. The content of books is remarkably varied

d. An increasing number of outlets are selling books

E. All of these

2. Integration refers to acquiring capabilities at the front of the supply chain, whereas integration refers to acquiring capabilities toward the back end of the supply chain.

a. Vertical; horizontal

b. upward; downward

c. forward; backwards

d. backward; forward

3. In ABC Printing, Queen’s black is a popular input with an annual demand of 50,000 gallons. ordering cost of $50 per order, and the holding cost is $5 per unit per year; the economic order quantity is 1000. Hence during the year, they used 1000 as the order quantity. An audit of the costs revealed that the true ordering cost was only $25 and the true holding cost was $10 per gallon per year. The correct order quantity would have been 500. How much did ABC lose due to incorrect cost information during the year?

A 0

B 1250

C-1250

D 500

E Cannot be found without additional information.