Question 1

Trading speed of delivery with saving fuel is known as a cost-to-service trade-off.

Accepted Answer

A) True 
 B)False

Question 2

Transportation is usually the largest cost,even higher than the cost of goods sold that a company will incur.

Accepted Answer

A) True 
 B)False

Question 3

Which of the following is not part of the logistics function?

Accepted Answer

A) Transportation of goods 
B) Storage of goods 
C) Customer selection 
D) Managing customer returns 
A) Transportation of goods 
B) Storage of goods 
C) Customer selection 
D) Managing customer returns

Question 4

Logistics cost as a percentage of GDP for the United States is approximately ________.

Accepted Answer

The answer of Logistics cost as a percentage of GDP...

Question 5

Logisticians must consider the ________ trade-off when deciding how much safety stock they need to store.

Accepted Answer

The answer of Logisticians must consider the ________ trade-off when...

Question 6

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

Accepted Answer

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

Question 7

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

Accepted Answer

The answer of Demand created as managers conceptualize forecasts and...

Question 8

Logistics provides place and form utility.

Accepted Answer

A) True 
 B)False

Question 9

Trading the cost of improving service with service levels is known as a

Accepted Answer

A) cost-to-cost trade-off. 
B) modal trade-off. 
C) cost-to-service trade-off. 
D) none of the above. 
A) cost-to-cost trade-off. 
B) modal trade-off. 
C) cost-to-service trade-off. 
D) none of the above.

Question 10

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 11

As interest costs and cost of capital increase,firms will place less emphasis on lean inventory management.

Accepted Answer

A) True 
 B)False

Question 12

The mode of transportation which is the cheapest per tonnage is

Accepted Answer

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

Question 13

Two of the important inventory decisions that logistics managers need to make are when to order and how much to order.

Accepted Answer

A) True 
 B)False

Question 14

The threshold service level is the maximum level of service beyond which customer satisfaction starts decreasing.

Accepted Answer

A) True 
 B)False

Question 15

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

Accepted Answer

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

Question 16

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 17

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

Accepted Answer

A) True 
 B)False

Question 18

Places where large shipments of the same items are broken out and separated to go to separate locations are 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 19

Trading speed of delivery with saving fuel is known as a ________ trade-off.

Accepted Answer

The answer of Trading speed of delivery with saving fuel...

Question 20

As the minimum required order quantity increases without any change in the procurement price,landed costs will ________.

Accepted Answer

The answer of As the minimum required order quantity increases...

Trading speed of delivery with saving fuel is known as a cost-to-service trade-off.

Transportation is usually the largest cost,even higher than the cost of goods sold that a company will incur.

Which of the following is not part of the logistics function?

Logistics cost as a percentage of GDP for the United States is approximately ________.

Logisticians must consider the ________ trade-off when deciding how much safety stock they need to store.

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 ________.

Logistics provides place and form utility.

Trading the cost of improving service with service levels is known as a

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

As interest costs and cost of capital increase,firms will place less emphasis on lean inventory management.

The mode of transportation which is the cheapest per tonnage is

Two of the important inventory decisions that logistics managers need to make are when to order and how much to order.

The threshold service level is the maximum level of service beyond which customer satisfaction starts decreasing.

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

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

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

Places where large shipments of the same items are broken out and separated to go to separate locations are known as

Trading speed of delivery with saving fuel is known as a ________ trade-off.

As the minimum required order quantity increases without any change in the procurement price,landed costs will ________.

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

Lean and Six Sigma Management and Leading Change

Filters

Exam 11: Logistics

Trading speed of delivery with saving fuel is known as a cost-to-service trade-off.

Transportation is usually the largest cost,even higher than the cost of goods sold that a company will incur.

Which of the following is not part of the logistics function?

Logistics cost as a percentage of GDP for the United States is approximately ________.

Logisticians must consider the ________ trade-off when deciding how much safety stock they need to store.

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 ________.

Logistics provides place and form utility.

Trading the cost of improving service with service levels is known as a

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

As interest costs and cost of capital increase,firms will place less emphasis on lean inventory management.

The mode of transportation which is the cheapest per tonnage is

Two of the important inventory decisions that logistics managers need to make are when to order and how much to order.

The threshold service level is the maximum level of service beyond which customer satisfaction starts decreasing.

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

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

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

Places where large shipments of the same items are broken out and separated to go to separate locations are known as

Trading speed of delivery with saving fuel is known as a ________ trade-off.

As the minimum required order quantity increases without any change in the procurement price,landed costs will ________.

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

Lean and Six Sigma Management and Leading Change

Filters