BUAD 331 Final Exam Questions with Complete Solutions (Latest 2025) the best starting point to improve profitability - Correct Answers ✅determining the service levels different customers desire and are willing to pay for Total Cost of Ownership - Correct Answers ✅a financial estimate intended to help buyers and owners determine the direct and indirect costs (true costs) of a product or system; takes into account maintenance, disposal, returns managements, training etc.Strategic Profit Model demonstrates the following principle? - Correct Answers ✅small improvements in supply chain activities can yield large improvements on return on assets Strategic Profit Model Formula - Correct Answers ✅NPM * Asset Turnover = ROA cash-to-cash cycle - Correct Answers ✅the time it takes to convert a payment for raw materials into collection of revenue for the finished goods Pareto Chart - Correct Answers ✅20% of the customers create 80% of revenue form utility - Correct Answers ✅the value a customer sees in a finished product 1 / 2
BUAD 331 Final Exam Questions with Complete Solutions (Latest 2025) total cost of inventory - Correct Answers ✅storage space, service, capital, inventory risk costs Role of SCM - Correct Answers ✅Satisfy demand by putting the product in customers' hands at the right time, right place, right quantity, and right price.Which of the following is a deficiency of traditional supply chain performance measurements? - Correct Answers ✅Ignores customer perceptions of value received, bias toward heavy use of cost metrics, focus on internal definitions of customer service "red flags" that signal a mismatch between supply and demand - Correct Answers ✅focus on the reduction of per unit SCM definition - Correct Answers ✅the systematic coordination of purchasing, manufacturing management, and distribution upstream with suppliers and downstream to customers Traditional cost accounting procedures allocate costs to
customers based upon: - Correct Answers ✅the percent of
total sales represented by each customer
- / 2