Test Bank For Principles of Supply Chain Management a Balanced Approach by Joel D. Wisner, Keah-Choon Tan, G. Keong Leong 7th Edition Chapter 1-14 Chapter 1
True / False 1. According to the textbook, the keys to successful supply chain management include trust, cooperation, collaboration and honest, accurate communications between supply chain partners. a. True b. False ANSWER: True POINTS: 1 DIFFICULTY: Easy KEYWORDS: Bloom’s: Knowledge OTHER: Analytic NOTES: 1-1 2. According to the textbook, retail stores are considered the focal firms in modern supply chains. a. True b. False ANSWER: False POINTS: 1 DIFFICULTY: Easy KEYWORDS: Bloom’s: Knowledge OTHER: Analytic NOTES: 1-1 3. One definition of supply chain management is "The planning and management of all activities involved in sourcing and procurement, conversion, and all logistics management activity." a. True b. False ANSWER: True POINTS: 1 DIFFICULTY: Easy KEYWORDS: Bloom’s: Knowledge OTHER: Analytic NOTES: 1-1 4. The universally accepted definition of supply chain management is "the management and integration of the parties involved in producing the end items coveted by consumers." a. True b. False