Coyle Supply Chain Management: A Logistics Perspective, 9th Edition CHAPTER 1 TEST QUESTIONS True-False 1. The first decade of the twenty-first century was a period of rapid change for organizations, especially businesses. ANSWER: True 2. A key element in Wal-Mart’s ability to discount brand name products was an understanding of the criticality of efficiency in its logistics and supply chain system. ANSWER: True 3. Globalization has had little effect on consumers. ANSWER: False 4. Supply and demand has become less volatile as managers become more adept at controlling the elements. ANSWER: False 5. Outsourcing is a fairly new concept. ANSWER: False 6. The world economy still favors the United States and European countries, even though China and India can participate in the global economy much more readily. ANSWER: False 7. It is predicted that social networks such as Facebook and Twitter will influence supply chains because of their impact on customer demand and the speed of information transfers. ANSWER: True 8. Supply chain managers no longer need to worry about suboptimization in light of today’s technology. ANSWER: False 9. Beginning in the late 1970;s and into the 1980s the US transportation industry was deregulated. The net result was a less competitive environment. ANSWER: False Multiple Choice 10. Most retailers are essentially supply chain companies since a. they dominate the consumer market. b.
own their warehouses and trucks.
c.
they buy products produced by others.
d.
engage in off-shore sourcing.
ANSWER: c 11. Which of the below is not one of the external forces driving the rate of change and shaping our economic and political landscape?
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