1.Tier 2 suppliers are primary suppliers to manufacturers. Trueor False?
2. Which of the following statements is TRUE regarding tier 1suppliers?
A. Tier 1 suppliers are the starting point of a supplychain.
B. Tier 1 suppliers are the primary suppliers to tier 2suppliers.
C. Tier 1 suppliers are the primary suppliers to retailers.
D. Tier 1 suppliers are the primary suppliers tomanufacturers.
3. Company A fails to satisfy some 15% of customers’ orders lastmonth. What is Company A’s in-stock probability?
A. 15%
B. 85%
C. 100%
D. Cannot be determined
4. A wide and short density function has a large ____________relative to the _________.
A. standard deviation, mean
B. standard deviation, outcome
C. mean, standard deviation
D. mean, outcome
5 Store A uses the newsvendor model to manage its inventory.Demand for its product is normally distributed with a mean of 500and a standard deviation of 300. Store A purchases the product for$10 each unit and sells each for $25. Inventory is salvaged for $5.What is its maximum profit?
A. $5000
B. $7500
C. $8000
D. $12,500
