Question 1

The mode of transportation which is the most versatile in terms of shipping products door to door is

Accepted Answer

A) trucks. 
B) rail. 
C) air. 
D) maritime shipping. 
A) trucks. 
B) rail. 
C) air. 
D) maritime shipping.

Question 2

Demand created as managers conceptualize forecasts and guess at future demand is known as dependent demand.

Accepted Answer

A) True 
 B)False

Question 3

Which of the following is not a factor in computation of landed costs?

Accepted Answer

A) Transportation costs 
B) Ordering costs 
C) Final product selling price 
D) Required order quantity 
A) Transportation costs 
B) Ordering costs 
C) Final product selling price 
D) Required order quantity

Question 4

More economically advanced countries spend ________ as a percentage of GDP on logistics than less economically advanced countries.

Accepted Answer

The answer of More economically advanced countries spend ________ as...

Question 5

From a process perspective,which one of the following is not a function that logisticians manage?

Accepted Answer

A) Product design 
B) Demand processing 
C) Inventory management 
D) Warehousing 
A) Product design 
B) Demand processing 
C) Inventory management 
D) Warehousing

Question 6

Taking small shipments and combining them into more economical larger shipments is known as ________.

Accepted Answer

consolidat

Question 7

More economically advanced countries spend less as a percentage of GDP on logistics than less economically advanced countries.

Accepted Answer

A) True 
 B)False

Question 8

The ability of companies to deliver their product or services to a market affordably is known as ________.

Accepted Answer

The answer of The ability of companies to deliver their...

Question 9

A large load of KitchenAid blenders is shipped to a large regional warehouse of a major retailer.The received shipment pallets are broken down,so that two blenders may be shipped to one store,another 3 shipped to a second store and so on.Such a technique is known as

Accepted Answer

A) consolidation warehousing. 
B) cross docking. 
C) break bulk facilities. 
D) hub and spoke system. 
A) consolidation warehousing. 
B) cross docking. 
C) break bulk facilities. 
D) hub and spoke system.

Question 10

The mode of transportation which has the lowest variable cost is ________.

Accepted Answer

The answer of The mode of transportation which has the...

Question 11

Logistics provides ________ and ________ utility.

Accepted Answer

The answer of Logistics provides ________ and ________ utility....

Question 12

An individual or company that facilitates moving product from producer to final destination often across international borders is known as ________.

Accepted Answer

The answer of An individual or company that facilitates moving...

Question 13

The standard of service performance in terms of inventory availability and capability provided at a reasonable cost is known as ________.

Accepted Answer

threshold

Question 14

If transportation prices continue to rise and if inventory costs continue to fall,holding the minimal inventories prescribed by lean manufacturing may become more expensive.

Accepted Answer

A) True 
 B)False

Question 15

In which of the following areas does logistics not contribute a direct competitive advantage?

Accepted Answer

A) Cost 
B) Product access 
C) Product design 
D) Sustainability 
A) Cost 
B) Product access 
C) Product design 
D) Sustainability

Question 16

The mode of transportation which is the cheapest per tonnage is rail.

Accepted Answer

A) True 
 B)False

Question 17

Logistics provides which of the following utilities?

Accepted Answer

A) Form 
B) Place 
C) Time 
D) Both A and B above 
E) Both B and C above 
A) Form 
B) Place 
C) Time 
D) Both A and B above 
E) Both B and C above

Question 18

The mode of transportation which has the highest fixed cost is

Accepted Answer

A) trucks. 
B) rail. 
C) air. 
D) maritime shipping. 
A) trucks. 
B) rail. 
C) air. 
D) maritime shipping.

Question 19

At present,a firm has 75,000 units of safety stock located in 25 facilities.They are considering reducing the number of warehouses and consolidating to 16 facilities.What will be the new safety stock inventory as a result?

Accepted Answer

A) 45,000 units 
B) 60,000 units 
C) 75,000 units 
D) 100,000 units 
A) 45,000 units 
B) 60,000 units 
C) 75,000 units 
D) 100,000 units

Question 20

Logistics is concerned with only the transportation of goods across the supply chain.

Accepted Answer

A) True 
 B)False

The mode of transportation which is the most versatile in terms of shipping products door to door is

Demand created as managers conceptualize forecasts and guess at future demand is known as dependent demand.

Which of the following is not a factor in computation of landed costs?

More economically advanced countries spend ________ as a percentage of GDP on logistics than less economically advanced countries.

From a process perspective,which one of the following is not a function that logisticians manage?

Taking small shipments and combining them into more economical larger shipments is known as ________.

More economically advanced countries spend less as a percentage of GDP on logistics than less economically advanced countries.

The ability of companies to deliver their product or services to a market affordably is known as ________.

A large load of KitchenAid blenders is shipped to a large regional warehouse of a major retailer.The received shipment pallets are broken down,so that two blenders may be shipped to one store,another 3 shipped to a second store and so on.Such a technique is known as

The mode of transportation which has the lowest variable cost is ________.

Logistics provides and utility.

An individual or company that facilitates moving product from producer to final destination often across international borders is known as ________.

The standard of service performance in terms of inventory availability and capability provided at a reasonable cost is known as ________.

If transportation prices continue to rise and if inventory costs continue to fall,holding the minimal inventories prescribed by lean manufacturing may become more expensive.

In which of the following areas does logistics not contribute a direct competitive advantage?

The mode of transportation which is the cheapest per tonnage is rail.

Logistics provides which of the following utilities?

The mode of transportation which has the highest fixed cost is

At present,a firm has 75,000 units of safety stock located in 25 facilities.They are considering reducing the number of warehouses and consolidating to 16 facilities.What will be the new safety stock inventory as a result?

Logistics is concerned with only the transportation of goods across the supply chain.

Introduction to Supply Chain and Operations Management

Supply Chain and Operations Strategy

Product and Process Design and Mapping

Service Design

Customer Relationship Management

Strategic Sourcing

Supplier Management

Demand Management and Forecasting

Inventory Management Fundamentals and Independent Demand

Sales and Operations Planning and Enterprise Resource Planning

Project Management

Supply Chain Quality Management

Statistical Process Control

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Exam 11: Logistics

The mode of transportation which is the most versatile in terms of shipping products door to door is

Demand created as managers conceptualize forecasts and guess at future demand is known as dependent demand.

Which of the following is not a factor in computation of landed costs?

More economically advanced countries spend ________ as a percentage of GDP on logistics than less economically advanced countries.

From a process perspective,which one of the following is not a function that logisticians manage?

Taking small shipments and combining them into more economical larger shipments is known as ________.

More economically advanced countries spend less as a percentage of GDP on logistics than less economically advanced countries.

The ability of companies to deliver their product or services to a market affordably is known as ________.

A large load of KitchenAid blenders is shipped to a large regional warehouse of a major retailer.The received shipment pallets are broken down,so that two blenders may be shipped to one store,another 3 shipped to a second store and so on.Such a technique is known as

The mode of transportation which has the lowest variable cost is ________.

Logistics provides ________ and ________ utility.

An individual or company that facilitates moving product from producer to final destination often across international borders is known as ________.

The standard of service performance in terms of inventory availability and capability provided at a reasonable cost is known as ________.

If transportation prices continue to rise and if inventory costs continue to fall,holding the minimal inventories prescribed by lean manufacturing may become more expensive.

In which of the following areas does logistics not contribute a direct competitive advantage?

The mode of transportation which is the cheapest per tonnage is rail.

Logistics provides which of the following utilities?

The mode of transportation which has the highest fixed cost is

At present,a firm has 75,000 units of safety stock located in 25 facilities.They are considering reducing the number of warehouses and consolidating to 16 facilities.What will be the new safety stock inventory as a result?

Logistics is concerned with only the transportation of goods across the supply chain.

Introduction to Supply Chain and Operations Management

Supply Chain and Operations Strategy

Product and Process Design and Mapping

Service Design

Customer Relationship Management

Strategic Sourcing

Supplier Management

Demand Management and Forecasting

Inventory Management Fundamentals and Independent Demand

Sales and Operations Planning and Enterprise Resource Planning

Project Management

Supply Chain Quality Management

Statistical Process Control

New Section

Filters

Logistics provides and utility.