APICS CSCP Practice Questions and Sample Tests

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In a JIT system, reduction in lot sizes may result in which of the following tradeoffs?
A. Increased inventory accumulation
B. Increased holding costs
C. Increased handling costs
D. Increased cumulative setup time

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A sporting goods store sells some items at a low margin and steady demand, such as tennis balls, some items at a high margin and unpredictable demand, such as jogging outfits, and some items only during certain seasons, such as snowboarding equipment. Which of the following would provide the simplest and most effective supply chain solution for this company?
A. One supply chain for steady low-margin goods and one for exceptions
B. One supply chain for all goods
C. One supply chain for seasonal goods and one for the remaining goods
D. One supply chain for steady low-margin goods, one for unpredictable high-margin goods, and one for seasonal goods

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A manager decides to source their key Just-in-Time (JIT) manufacturing goods from a local producer even though an overseas producer sells identical goods for less, even with the added cost of shipping. Which of the following is this manager most likely emphasizing?
A. Affordability
B. Positive supply chain contribution
C. Quality
D. Availability

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Strategic objectives and KPIs for supplier relationship management would be developed during which stage of the SCOR model?
A. Sourcing
B. Making
C. Planning
D. Delivering

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If a firm locates a centralized procurement and processing facility in a low-tax foreign country, which of the following tax rates will apply to income generated at the facility?
A. A compromise rate between the local and home country rates
B. A special international rate
C. The local country rate
D. The rate in the country of the headquarters

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Which one of the following approaches to production scheduling accurately incorporates the theory of constraints?
A. Speed up production after the bottleneck.
B. Decrease inventory at the front of the bottleneck.
C. Speed up production in front of the bottleneck.
D. Slow the process down to the bottleneck's speed.

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A focus on quality, affordability, or availability indicates a focus on which of the following?
A. Social value
B. Financial value
C. Customer value
D. Collaborative value

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A nucleus firm in the banking industry uses independent brokers to market new stock issues and has been successful in this channel. After investing some profits in the firm itself, they choose to reward their stockholders by distributing all remaining profits in a special dividend even though independent brokers are prohibited from owning these shares. Which of the following has this firm forgotten to account for in its creation of financial value?
A. Gains must be fairly distributed among stakeholders.
B. Tradeoffs must not be self-defeating.
C. Independent brokers should be rewarded through social incentives and reminded that shareholders must come first.
D. It takes money to make money.