ĐỀ LOGin LẦN 1 Past Paper PDF
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2024
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This is a past paper from 23/05/2024, containing examination questions and answers on business and supply chains for undergraduate business studies students from Vietnam.
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ĐỀ LOGin LẦN 1 (23/05/2024) Question 1 One Future Company is considering choosing one of the two distribution channels: long channels (consisting of at least 4 levels) and short channels (consisting of only 2-3 levels). Assuming that other factors, such as product characteristics and competitive cha...
ĐỀ LOGin LẦN 1 (23/05/2024) Question 1 One Future Company is considering choosing one of the two distribution channels: long channels (consisting of at least 4 levels) and short channels (consisting of only 2-3 levels). Assuming that other factors, such as product characteristics and competitive characteristics to make the final decision. The market of the firm is a very large one that is widely and equally spread from the north to the south of Vietnam. Which distribution channels should the company apply? A. Long channels B. Short channels C. Long channels in the North and short channels in the South D. Long channels in the South and short channels in the North Question 2 Fill in the blanks with the suitable words: “In the light of supply chain disruption caused by crises that make customers hoard goods, the re-evaluation of … inventory is outlined.” A. Transit B. Just in case C. Decoupling D. Just in time Question 3 Which of the following is NOT a characteristic of a product focused strategy? A. Low-variety B. Continuous process C. Modular D. High-volume Question 4 Fill in the blank with suitable words: “In the … concept, the exact number of items is presented for picking, then the unit load of one product line is picked to waiting customer orders, and the picking continues until that line is exhausted.” A. Batch picking B. Pick-to-order C. Pick-by-line / Pick-to-zero D. Wave picking Question 5 A stationery company sells calculators to the LS&C office at $16 each. The marginal production cost for the stationery company is $3 per set. LS&C office prices the calculators to its customers at $35 and expects demand over the next two months to be normally distributed, with a mean of 9,000 and a standard deviation of 1,500. The LS&C office places a single order with the stationery company for delivery at the beginning of the two-month period. Currently, LS&C discounts any unsold calculators at the end of two months down to $9, and any calculators that did not sell at full price sell at this price. How many calculators should the LS&C office order? (Round the result to the nearest unit digit) A. 8,584 calculators B. 9,428 calculators C. 9,919 calculators D. 8,248 calculators Question 6 One Future Company sells electric gaming devices that require careful packaging during transit. The company uses the following materials for packaging, with data given in Table 1. The company’s employees get $1,500 per hour to operate the packing process, and it takes them 30 minutes to package each unit. The packaging equipment costs $200 per unit. The company delivers 300 units of a single product monthly. The company wants to optimize its packaging costs by using different packaging equipment, and the proposed cost for the new equipment is $150 per unit. Assuming that the cost of packaging materials and labour stays the same, what is the proposed total packaging cost, and how much can the company save per unit? Packaging materials Cost Corrugated boxes $5 per box Bubble wrap $2 per foot Tapes $0.50 per yard Labels $1 per label Table 1: The cost of packaging materials A. The proposed packaging cost is $272,550 and the company can save $15,000 per unit B. The proposed packaging cost is $287,550 and the company can save $50 per unit C. The proposed packaging cost is $272,550 and the company can save $50 per unit D. The proposed packaging cost is $287,550 and the company can save $15,000 per unit Question 7 Which of the following supply chain metrics is most useful for measuring customer satisfaction in a make-to-stock system? A. Inventory days of supply B. Fill rate by line item C. Asset turns D. Order fulfillment lead time Question 8 Match transportation networks with their characteristics: (1) Direct shipping (2) Direct shipping with milk runs (3) All shipments via Intermediate Distribution Center with storage (4) All shipments via Intermediate Transit Point with cross-dock a) No intermediate warehouse – Simple to coordinate b) Transportation choice best matches needs of individual product and store c) The quantity destined for each location is too small to fill a struck but multiple locations are close enough to each other such that their combined quantity fills the truck d) Increased inventory cost and handling at distribution center e) Highest coordination complexity f) Low inventory requirement and lower transportation cost through consolidation A. 1-a, 2-c, 3-d, 4-g B. 1-b, 2-e, 3-a, 4-c C. 1-g, 2-e, 3-d, 4-b D. 1-a, 2-e, 3-d, 4-c Question 9 How many of the following statements are true? (i) Some external factors that have an impact on shippers of freight when choosing the models of transport are: the basic infrastructure in the country, trade barrierss, export controls and licenses, law and taxation, and climate. (ii) When considering selecting a suitable mode of transport, a methodical selection process is not necessary. (iii) The four key stages in the selection process of transportation modes are: operational factors, characteristics of transport modes, consignment factors, and cost and service requirements. (iv) Customer characteristics do not have an impact on the choice of transportation modes. (v) Road freight provides door-to-door service. (vi) Sea freight generally requires single handling. A. 2 B. 5 C. 4 D. 3 Question 10 Which of the following supply chain metric is used to measure the time from when an order is placed to when it is received by the customer? A. Delivery performance B. Asset turns C. Order fulfillment leadtime D. Inventory days of supply Question 11 Company X has three electric power plants that supply the needs of four cities. Each power plant can supply the following numbers of kilowatt-hours (kWh) of electricity: plant 1 – 45 million; plant 2 – 32 million; plant 3 – 50 million. The lowest power demands in these cities (in kWh): city 1 – 20 million; city 2 – 35 million; city 3 – 30 million; city 4 – 25 million. The cost of sending 1 million kWh of electricity from plant to city depend on the distance the electricity must travel, as shown in the below table: To From City 1 City 2 City 3 City 4 Plant 1 $4 $5 $1 $3 Plant 2 $3 $2 $4 $4 Plant 3 $4 $6 $4 $5 Consider Xij = number of (million) kWh produced at plant i and sent to city j (for i = 1, 2, 3 and j = 1, 2, 3, 4). Which below is the objective function for solving the linear programming problem so as to minimize the cost of meeting each city’s electricity needs? A. F(X) = 4X11 + 5X12 + X13 + 3X14 + 4X21 + 6X22 + 4X23 + 5X24 + 3X31 + 2X32 + 4X33 + 4X34 B. F(X) = 4X11 + 3X12 + 4X13 + 5X14 + X21 + 3X22 + 2X23 + X24 + 3X31 + 2X32 + 6X33 + 4X34 C. F(X) = 4X11 + 5X12 + X13 + 3X14 + 3X21 + 2X22 + 4X23 + 4X24 + 4X31 + 6X32 + 4X33 + 5X34 D. F(X) = 4X11 + 3X12 + 4X13 + 5X14 + 2X21 + 6X22 + X23 + 4X24 + 4X31 + 3X32 + 4X33 + 5X34 Question 12 Company A imported five 40 feet containers to Cat Lai Port using shipping services from carrier B. the carrier offers 5 free days of container demurrage (DEM) at the port and 7 free days of storage (Storage) in the yard. After this period, a penalty of 30 USD/40 feet/day applies for DEM AND 15 USD/40 feet/day for Storage. Additionally, the date the container waas unloaded from the ship and brought to C.Y Cat Lai was May 3, 2024; and the date that the item was cleared from C.Y was May 24, 2024. Choose the correct answer. A. Company A’s shortage penalty fee is 315 USD. B. Company A’s DEM penalty fee is 480 USD. C. The total amount company A had to pay is 840 USD. D. The number of days company A had been charged for DEM fee is 21 days. Question 13 One Future Company plans to manufacture a product consisting of two components: a cable with a standard HDMI connector and a 3.5mm mini plug. The company makes both cables on the same assembly line and can onle make one cable at a time (either the HDMI connector or the mini-plug cable). There is a setup time when switching from one cable to another. The assembly line costs $450 per hour to operate, and this is charged whether the line is being set up or actually making cables. The current batch size is 150 units; the line plans to make 150 units of HDMI connectore, then 150 units of mini-plug cable, then 150 units of HDMI connectors, and so on, where the setup and run times for each unit are given in Table 1. The firm attempts to reduce the cost per unit by increasing the batch size to 250 units, but the cost of the assembly line is going to increase to $500 per hour. Determine which option is more optimised in terms of the cost per unit: the batch size of 150 units or the batch size of 250 units? (Assuming the packaging of the two cables is done in another assembly line and doesn’t need to be considered in the above analysis. Rounding up to the nearest hundredth). Component Setup time Run time/Unit HDMI connector 4 minutes 0.25 minutes Mini-plug cable 2 minutes 0.5 minutes Table 1: Data of setup and run time in an assembly line manufacturing HDMI connectors and mini-plug cables A. The batch size of 150 units B. Both options resulting in the same cost per unit C. The batch size of 250 units D. None of the above Question 14 Determine the number of mobile shelves to store 10 tons of canned goods. Know that this is a shelf, it has seven shelves. The size of one shelf is 3000x800x550 mm. items are stored in boxes measuring 300x250x420 and weighing 5kg per box. A. 8 mobile shelves B. 11 mobile shelves C. 10 mobile shelves D. 9 mobile shelves Question 15 A company is likely to be in a strong negotiating position when purchasing items of which category? A. Leverage B. Strategic C. Non-critical D. Bottleneck Question 16 LogiLogi is a famous garment company. Currently, they supply silk to ATK firm with 3 different choices for transportation, which are mentioned in the following table: Mode of Transit time (day) Rate ($/unit) Shipment size (units) transportation Ship 17 32 10000 Train 10 45 8000 Truck 5 85 5000 ATK firm purchases 50,000 units per year at a delivered contract price of $500 per unit. Inventory carrying cost for both companies is 25% per year. Based on the steps to find the suitable vehicles below, from which step the solution is wrong. (Round the results to the nearest unit digit) Step 1 Transport cost 1,600,000 2,250,000 4,250,000 Step 2 In-transit inventory cost 272,466 155,822 71,062 Inventory cost of LoGiN Step 3 485,000 520,000 365,875 (supplier) Inventory cost of Epple Firm Step 4 645,000 590,000 358,500 (Buyer) Total cost 3,002,466 3,515,822 5,045,037 Ship has the lowest total cost A. Step 2 B. Step 1 C. Step 4 D. Step 3 Question 17 One Future Company is a company specializing in providing building materials, especially bricks. The weekly demand for bricks at One Future Company is shown in Table 1. The planning team of this firm has forecast the number of bricks that the company should order to be able to meet demand of customers, and the forecast data is shown in Table 2. Using the provided data, measure the Bullwhip effect and evaluate the amplification in the supply chain of One Future Company. (Rounding up to the nearest hundredth) Week The demand for bricks (kg) 1 123 2 143 3 145 4 122 5 110 6 109 Table 1: The weekly demand for bricks Week The forecast amount of bricks that the company should order 1 125 2 142 3 147 4 125 5 109 6 115 Table 2: The forecast amount of bricks that the company should order A. There is no amplification in the supply chain of One Future Company B. There is dampening scenario in the supply chain of One Future Company as orders move up the supply chain towards suppliers C. None of the above D. The amplification is present in the supply chain of One Future Company Question 18 What is the similarity between Bearer bill of lading and Order bill of lading? A. Delivery will be made to whoever holds the B/L B. A carrier delivers the shipment to its consignee on presentation of an identification under these B/L C. Both of them are used when goods have already been paid for D. Both of them are negotiable Question 19 How many of the following statements are true about cost concepts in distribution management? (i) One of the greatest problems with accounting costs is that it cannot determine the exact allocation among various products or services of a company (ii) Economic costs and accounting costs are the same (iii) When it comes to running a business or investing in a business model, it is important to consider social costs. (iv) Sunk costs are usually considered when companies make any future decisions (v) Separable costs are any costs incurred before the split-off point in a production process and are included in the main cost of the product. (vi) Activity-based costing allocates-costs based on the volume of the activities and doesn’t take other factors into consideration. A. 1 B. 4 C. 3 D. 2 Question 20 The April transaction record of Peyzpal Retail, a corporation purchasing products from manufacturers and selling those products to smaller retailers, is as follows: April 01: 300 units on hand at $45 each April 06: 450 units purchased at $75 each April 13: 350 units sold at $108 each April 18: 1000 units purchased at $75 each April 24: 250 units sold at $102 each April 29: 300 units purchased at $93 each On April 30, which method would have a higher cost of inventory on hand, how much more would the company have using that method? (Assume that the company uses the periodic inventory method) A. FIFO method: $15,500 B. FIFO method: $14,400 C. LIFO method: $17,000 D. LIFO method: $18,600 Question 21 Ineffective allocation of SKU locations in the warehouse prolongs travel time, thereby increasing costs and leaving locations underultilized. So, prior to laying out a warehouse, deciding on the most appropriate handling equipment, installing storage systems, and deciding on which form of picking system to introduce, a full ABC analysis of stock movements and stock held should take place. Based on ABC analysis, goods will be divided into different product groups, and different strategies can be introduced for each sectors. Please select the correct option: A. High frequency, higher sales: Have a good relationship with your supplier, increase the sale price and service level, and count stock frequently. B. Lower sales, low frequency: Usually use a relatively low stock value per item, use simple ordering principles, and have a good relationship with your supplier. C. Lower sales, high frequency: Order big lot sizes, high risk of obsolescence, usually high stock value based on a few items. D. Low frequency, higher sales: Spend time on forecasting, usually low stock value, and be close to the customers. Question 22 The distribution center of One Future Company is located at point O, and then the company has to serve two delivery point, which are point A and point B. The distance from point O to point A, from point O to point B, and from point A to point B is 1500 miles, 3000 miles, and 1000 miles, respectively. One Future Company is currently using a single vehicle to serve each delivery point, and they are considering using only one vehicle in a single trip. Calculate the saving distance save by combining the routes. A. 3500 miles B. 3005 miles C. 3000 miles D. 3050 miles Question 23 Depending on the nature of the product in terms of weight, crusahability, … It is likely tha the heights will vary between products. The number of pallets that can be stored in the storage space is determined by the aisle width, the type of racking, and the size of the pallet. Based on the following dimensions: - Warehouse height: 10m - Storage area width: 64m - Storage area length: 150m - Aisle width: 3m - Pallet size: 1.2m * 1.0m - Width of upright: 0.12m - Clearance (sides): 0.1m - Clearance (height): 0.15m - Clearance back-to-back pallets: 0.1m - Racking beam height: 0.14m - Height of goods: 1.3m - Height of pallet: 0.15m What is the total pallet capacity? Know that each module contains 2 pallets vertically and 2 pallets horizontally. A. 15264 pallets B. 12960 pallets C. 12720 pallets D. 13780 pallets Question 24 LSCM is a company specialized in manufacturing handbags. After production, the finished products are brought into the warehouse at the factory. Then, these finished products are transported to other locations of the company. The company usually uses trains to transport goods from the manufacturing plant on the East coast to the company’s warehouse on the West coast. The average transportation time by train between these two locations is T = 21 days. At each storage point, there is an average amount of goods of 100,000 units with an average price of each product being C = $30. The inventory cost is I = 30% per year compared to the product price. Which kind of transportation should the company choose to minimize total cost? Knowing that the average transportation time can be shortened from the current level (21 days). The total annual demand for the warehouse on the West coast is D = 700,000 units of products. The company can use some transportation method as follows: Transportation cost Means of transport Delivery time (day) ($/product) Train 0.1 21 Trailer 0.15 14 Truck 0.2 4 Plane 1.4 2 (Round the nearest results to the nearest unit digit) A. Trailer B. Truck C. Train D. Plane Question 25 Which of the following are aspects of enterprise resource planning (ERP) systems? I. Multifunctional – able to provide data concerning many parts of the firm II. Modular – able to combine selected components into a single system III. Independent – each functional area has its own system and data and maintains control of that system and data IV. Facilitate classic manufacturing planning and control activities – able to forecast, plan production and manage inventory V. Support the sales and operations plan – able to produce the required products now and in the future VI. Monitor details associated with how well process – able to meet design specifications for the items being produced A. I, II, and III B. I and II only C. II, III, and IV D. I, II, and IV Question 26 TG company ships its electronic goods according to customer orders from four warehouses (A, B, C and D). The shipping costs per unit ($) from each warehouse to each customer are shown in the table below: Destination Warehouse A Warehouse B Warehouse C Warehouse D Customer C1 9 7 14 8 Customer C2 6 8 9 11 Customer C3 12 10 5 7 Demand from each customers is shown below: Customer Demand C1 375 C2 225 C3 500 The availability quantity of each warehouse is given in the following table: Warehouse Available Quantity A 255 B 345 C 350 D 150 Use VOGEL’S APPROXIMATION METHOD to calculate the lowest cost for the company to transport shipments from warehouses to customers? A. $6385 B. $6835 C. $5385 D. $5835 Question 27 Which of the following sequences correctly represents the FIRST THREE steps in order processing? A. Verify and Validate, Allocate Stock, Ship Orders B. Receive the Order, Verify and Validate, Allocate Stock C. Receive the Order, Invoice & Notify Customers, Pick/Pack Products D. Invoice & Notify Customers, Pick/Pack Products, Ship Orders Question 28 L&SC is a famous garment company in Vietnam. They will operate a new project and need to use high-volume printers in the next 5 months. The company can rent the printer for 70.000.000 VND payable at the end of each month. They may also opt for making a lump sum payment on the day the printer is delivered. If they are offered a discount rate of 1% per month, the maximum lump sum payment L&SC should choose to make is: A. 339,740,187 VND B. 338,742,186 VND C. 340,742,186 VND D. 340,743,185 VND Question 29 Shipment exported from Ho Chi Minh City according to DDP New Orleans Incoterms 2020 commercial terms has weight: 8.5 MT; Volume: 62 CBM. If there is loss, damage or total breakdown of goods during transportation, knowing that FBL transport documents are used, determine who has the right to complain and who is responsible? A. Seller B. Buyer and Seller C. Seller and MTO D. Buyer and MTO Question 30 The warehouse of One Future Company consists of a small number of slow-moving products and a large quantity of fast-moving ones. Slow-moving products are placed near the dispatch area to reduce movement, while the fast-moving ones are put further away. Which picking concept should the company apply to optimize picking costs? A. Pick-to-order for fast-moving products and Batch picking for slow-moving ones B. Pick-to-zero for fast-moving products and Batch picking for slow-moving ones C. Pick-to-zero for both slow-moving and fast-moving products D. Batch picking for both slow-moving and fast-moving products Question 31 The use of voice technology is increasing in warehouses globally; it can eliminate a number of steps in the picking process, leading to increased productivity and accuracy. Warehouse A said that after using the technology, they achieved a 10% increase in employee’s productivity during operation. With the current scale, the warehouse handles 39,000 orders per day, with a total of 40 employees. The number of hours worked in a day by employees is 7.5. So how much has the application of technology in operation helped the company cut employees? A. 3 B. 4 C. 2 D. 5 Question 32 The LSC Group owns factories in three towns (W, Y, and Z), which distribute to three clothing stores in three other cities (A, B, and C). Unit costs for each shipping route are in dollars. The following table summarizes factory availability, projected store demands, and unit shipping costs: Clothing Store Clothing Store Clothing Store Factory From/To A B C availability Factory W 4 5 3 35 Factory Y 5 8 7 50 Factory Z 8 2 5 50 Store demand 30 65 40 135 What is the optimal total cost of the basic feasible solution? A. 490 USD B. 450 USD C. 510 USD D. 530 USD Question 33 The ATO (Assemble to order) business production strategy uses which type of inventory? A. Work in process B. Finished goods C. Raw materials and components D. Maintenance, repair, and operations Question 34 To minimize the impact of the loss of production due to the changeover, parts are made in batches rather than one at a time. The number of units made in a batch is 30. And we have set a safety stock of five units. Combined with the table below, please tell us how the company plans its production. Period On hand 1 2 3 4 5 Forecast 15 5 9 10 15 Projected available balance 30 Master production schedule A. Period 3, 60 units B. Period 2, 30 units C. Period 3, 30 units D. Period 4, 60 units Question 35 A company in Vietnam has a shipment that needs to be sent to the US by air transport, including 12 packages, each pakage has a weight of 10 kg. The dimensions of the shipment are 50 x 45 x 35 cm. The applicable freight rate for shipments from 0 – 50 kg is 4 USD; from 55 to 120 kg is 3.5 USD/kg; more than 120 kg is 2.5 USD. Because they often send goods in containers/pallets of airline K, they are allowed to apply freight charges according to the “group rate” with a maximum discount of 25%. How much fee does this company need to pay? (Round the result to the nearest unit digit) A. 315USD B. 295 USD C. 394 USD D. 420 USD Question 36 An Auro distributor of Macbook laptop computers wants to develop monthly indices for sales. Data from the past 3 years, by month, is available. DEMAND Month Year 1 Year 2 Year 3 January 85 90 110 February 75 85 85 March 80 93 82 April 90 95 115 May 115 125 131 June 105 115 125 July 100 102 110 August 88 102 108 September 85 90 95 October 77 78 85 November 75 82 83 December 83 78 80 If next year’s annual demand is 1200 laptops, use seasonal indices to forecast the monthly demand. Accordingly, how much is the demand for laptops in June? A. 127 B. 118 C. 115 D. 122 Question 37 One Future Company’s distribution centre receives 60 vehicles per day and 86 pallets per load, with a pallet size of 1.5 * 1.3 metres. It takes 70 minutes per load to unload, 50 minutes per load to check, and the centre operates an eight-hour shift. Determine the square metres of pallet floor space that the centre needs to contruct to be able to handle the loads. A. 2515.50 square metres B. 5215.50 square metres C. 1255.50 square metres D. 2155.50 square metres Question 38 In the charter party contract (C/P), there were regulations on cargo handling time and loading/unloading bonuses/penalties as follow: “Goods must be loaded within 4 working days in good weather condition, excluding Sundays and holidays whether worked or not (4 WWDSHEXEIU)”. The ship arrived at the port, gave NOR at 9:00 a.m. and began calculating cargo handling time at 1:00 p.m. on Monday. The cargo handling process continued on Tuesday and Wednesday. At 10:00 a.m. on Thursday, it rained continuously so it was impossible to handle cargo. The rain just stopped completely at 8:00 a.m. on Saturday. Then people continued to make goods without stopping unit 1:00 p.m. on Monday, when all the goods were ready to load on board. In this case the charterer will: A. Be received commision from cargo owners B. Be penalized for late loading and unloading C. Be rewarded for quick loading and unloading D. Be neither penalized nor rewarded Question 39 A component is used in the assembly of several products, with an annual demand of 6,000 units. The component is obtain from an outside supplier at a cost of $12 per unit. The cost of capital is 25% per annum. To process and coordinate an order, it costs $50 regardless of the size of the order. The supplier has offered the following schedule of prices and quantities. Determine the optimal order quantity. Quantity Unit Prices ($) 0 – 249 10.00 250 – 499 9.95 500 – 749 9.90 750 – 999 9.85 1000 or more 9.80 A. 750 units B. 500 units C. 1000 units D. 491 units Question 40 LSC Company has an imported FCL shipment at Saigon Port consisting of 10 containers 20’. The vessel arrived on March 1, and the shipping line granted LSC a DEM (Demurrage) period of 5 days and a DET (Detention) period of 7 days. However, due to delays in arranging storage space, LSC left the cargo at Saigon Port until March 10, before retrieving it. The DEM charges are as follows: Days 1-3: 20 USD/20’ container/day Days 4-7: 30 USD/20’ container/day Day 8 and beyond: 40 USD/20’ container/day The DET charges are double the DEM charges. Supposedly on March 18, LSC finally finished unloading the cargo and returned the containers to the shipping line. Will there be a fine for LSC? In such a case, what will the fine be? A. LSC will not be fined B. LSC will be fined DEM charge with 1800 USD and DET charge is 1600 USD C. LSC will be fined DEM charge with 1680 USD D. LSC will be fined DEM charge with 1200 USD and DET charge with 1400 USD