SOLVED

51) The three stages of vendor selection, in order, are A) vendor evaluation, vendor development, and negotiations B) vendor development, vendor evaluation, and vendor acquisition C) introduction, growth, and maturity D) vendor evaluation, negotiations, and vendor development E) EDI, ERP, and ASN 52) Which one of the following distribution systems offers quickness and reliability when emergency supplies are needed overseas? A) trucking B) railroads C) airfreight D) waterways E) pipelines 53) With the growth of JIT, which of the following distribution systems has been the biggest loser? A) trucking B) railroads C) airfreight D) waterways E) pipelines 54) By which distribution system is 90 percent of U.S. coal shipped? A) railroads B) trucks C) waterways D) pipelines E) none of the above 55) Which distribution system is the fastest growing mode of shipping? A) railroads B) trucks C) airfreight D) waterways E) pipelines 56) Which of the following devices represents an opportunity for technology to improve security of container shipments? A) devices that identify truck and container location B) devices that sense motion C) devices that measure radiation or temperature D) devices that can communicate the breaking of a container lock or seal E) all of the above 57) Which one of the following performance measures is not true of a world class firm? A) short time placing an order B) high percentage of accepted material C) large lead time D) high percentage of on-time deliveries E) low number of shortages per year 58) Consider a firm with a 2007 net income of $20 million, revenue of $60 million and cost of goods sold of $25 million. If the balance sheet amounts show $2 million of inventory and $500,000 of property, plant & equipment, how many weeks of supply does the firm hold? A) 12.50 B)  5.20 C)  2.60 D)  0.08 E)  4.16