1. The supply chain planning phase involves matching inventory to orders as they arrive.
   1. True
   2. False
2. Warehouse storage costs must be considered when determining the optimal amount of safety inventory
   1. True
   2. False
3. Every day low pricing is a better strategy than Hi/Low pricing
   1. True
   2. False
4. The 'zone of strategic fit' considers the relative position of companies on the cost-responsiveness efficient frontier and Implied demand uncertainty
   1. True
   2. False
5. The purchase price is the most important factor to consider when purchasing items to support the needs of the supply chain
   1. True
   2. False
6. The Krajlic matrix is used to manage:
   1. Inventory
   2. Customers
   3. Suppliers
   4. Creditors
   5. None of the above
7. A supply chain design with distributor storage with list mile delivery aims to be
   1. Cost efficient
   2. Responsive
   3. Resilient to disruption
   4. Environmentally friendly
   5. None of the above
8. In forecasting, the quality of different forecasting methods can be measured and compared using:
   1. The coefficient of determination
   2. The mean squared error
   3. Level
   4. Trend
   5. None of the above
9. To accurately forecast a data set that shows the presence of seasonality, the best method to apply would be:
   1. Simple linear regression
   2. Exponential smoothing
   3. Moving average
   4. Static Model
   5. None of the above
10. The process of differential pricing by seasons for selling seasonal products is referred to as:
    1. Price discrimination
    2. Revenue management
    3. Yield management
    4. All of the above
    5. None of the above