Question 1

What is meant by third party logistics?

Accepted Answer

A) Suppliers' logistics. 
B) External establishments that carry out logistics activities. 
C) Internal organizations that carry out logistics activities. 
D) None of the above. 
A) Suppliers' logistics. 
B) External establishments that carry out logistics activities. 
C) Internal organizations that carry out logistics activities. 
D) None of the above. B

Question 2

The three main phases through which logistics delivers value to customers are:

Accepted Answer

A) Inbound logistics, process logistics, and outbound logistics. 
B) Warehousing, packaging, and transportation. 
C) Inbound processing, order processing, and outbound processing. 
D) Order processing, warehousing, and packaging. 
A) Inbound logistics, process logistics, and outbound logistics. 
B) Warehousing, packaging, and transportation. 
C) Inbound processing, order processing, and outbound processing. 
D) Order processing, warehousing, and packaging. A

Question 3

The term "costs of system" can be best described as:

Accepted Answer

A) Interest rate of the bounded capital, insurance, depreciation, loss by theft. 
B) Fix costs of the warehouse equipment, efforts for transfer to and release from stock. 
C) Planning, realization, and control of the material flow. 
D) Planning of production program, control, and order processing. 
A) Interest rate of the bounded capital, insurance, depreciation, loss by theft. 
B) Fix costs of the warehouse equipment, efforts for transfer to and release from stock. 
C) Planning, realization, and control of the material flow. 
D) Planning of production program, control, and order processing. C

Question 4

The 6 "R" of logistics are:

Accepted Answer

A) Right Product, Right Storage, Right Quantity, Right Handling, Right Quality, and Right Costs. 
B) Right Equipment, Right Place, Right Quantity, Right Production, Right Quality, and Right Distribution 
C) Right Area, Right Place, Right Quantity, Right Handling, Right Transport, and Right Storage. 
D) Right Product, Right Place, Right Quantity, Right Time, Right Quality, and Right Costs. 
A) Right Product, Right Storage, Right Quantity, Right Handling, Right Quality, and Right Costs. 
B) Right Equipment, Right Place, Right Quantity, Right Production, Right Quality, and Right Distribution 
C) Right Area, Right Place, Right Quantity, Right Handling, Right Transport, and Right Storage. 
D) Right Product, Right Place, Right Quantity, Right Time, Right Quality, and Right Costs.

Question 5

At a micro level, logistics works as a bridge between ____________ and _____________.

Accepted Answer

A) Customers; managers 
B) Customer demand; physical supply 
C) Customer demand; creditor 
D) Manufacturer; firms 
A) Customers; managers 
B) Customer demand; physical supply 
C) Customer demand; creditor 
D) Manufacturer; firms

Question 6

What is the primary objective of logistics in supply chain management?

Accepted Answer

A) To help customers meet creditors so that they can fulfill their needs. 
B) To move the inventory in a supply chain effectively and efficiently to extend the desired level of customer service at the lowest cost. 
C) To plan, decide and sample a new product. 
D) None of the above. 
A) To help customers meet creditors so that they can fulfill their needs. 
B) To move the inventory in a supply chain effectively and efficiently to extend the desired level of customer service at the lowest cost. 
C) To plan, decide and sample a new product. 
D) None of the above.

Question 7

What is the correct order of the logistic cycle?

Accepted Answer

A) Raw material, converting industry, primary industry, commerce, and recycling industry. 
B) Raw material, primary industry, converting industry, commerce, final consumer, and recycling industry. 
C) Converting industry, commerce, final consumer, government, and bank. 
D) Primary industry, raw material, manufacturing industry, commerce, final consumer, and government 
A) Raw material, converting industry, primary industry, commerce, and recycling industry. 
B) Raw material, primary industry, converting industry, commerce, final consumer, and recycling industry. 
C) Converting industry, commerce, final consumer, government, and bank. 
D) Primary industry, raw material, manufacturing industry, commerce, final consumer, and government

Question 8

Logistics management is not required in which of the following industries?

Accepted Answer

A) Insurance. 
B) Rock Music. 
C) Cotton Manufacturing. 
D) All of the above. 
A) Insurance. 
B) Rock Music. 
C) Cotton Manufacturing. 
D) All of the above.

Question 9

What are the key activities required to facilitate the flow of a product from point of origin to point of consumption?

Accepted Answer

A) Purchasing, producing, allocating, storing, and retailing, 
B) Demand forecasting, managing the movement of raw materials into an organization, processing of raw materials into finished goods, and movement of finished goods toward the end customer. 
C) Customer service, demand forecasting, inventory management, storing and retailing, and material handling. 
D) Customer service, demand forecasting, inventory management, logistics, and material handling. 
A) Purchasing, producing, allocating, storing, and retailing, 
B) Demand forecasting, managing the movement of raw materials into an organization, processing of raw materials into finished goods, and movement of finished goods toward the end customer. 
C) Customer service, demand forecasting, inventory management, storing and retailing, and material handling. 
D) Customer service, demand forecasting, inventory management, logistics, and material handling.

Question 10

Logistics management is used as a means to ___________.

Accepted Answer

A) Maintain and improve the profitability of a manufacturing enterprise 
B) Help boost the economy only 
C) Effectively deploy available resources 
D) Organize the given resources 
A) Maintain and improve the profitability of a manufacturing enterprise 
B) Help boost the economy only 
C) Effectively deploy available resources 
D) Organize the given resources

Question 11

Logistics are a vital cost for firms, making up ______ percent of the cost.

Accepted Answer

A) 10 
B) 25 
C) Unable to be calculated. 
D) 0 
A) 10 
B) 25 
C) Unable to be calculated. 
D) 0

Question 12

If the final inspector at a tractor paint shop discovers that the paint on the tractor has a poor finish, the tractor may have to be completely rescinded and repainted. What type of cost does this situation describe?

Accepted Answer

A) External failure cost 
B) Appraisal cost 
C) Prevention cost 
D) Internal failure cost 
A) External failure cost 
B) Appraisal cost 
C) Prevention cost 
D) Internal failure cost

Question 13

What does the term logistics refer to?

Accepted Answer

A) All attempts to measure and minimize the ecological impact of logistics activities. 
B) A chain of activities that a firm operating in a specific industry performs in order to deliver a valuable product or service for the market. 
C) A group of organizations and people involved in moving a product or service from supplier to customer. 
D) The process of developing, executing, and adjusting procedures for the efficient and effective transportation and storage of goods from the point of origin to the point of consumption. 
A) All attempts to measure and minimize the ecological impact of logistics activities. 
B) A chain of activities that a firm operating in a specific industry performs in order to deliver a valuable product or service for the market. 
C) A group of organizations and people involved in moving a product or service from supplier to customer. 
D) The process of developing, executing, and adjusting procedures for the efficient and effective transportation and storage of goods from the point of origin to the point of consumption.

What is meant by third party logistics?

The three main phases through which logistics delivers value to customers are:

The term "costs of system" can be best described as:

The 6 "R" of logistics are:

At a micro level, logistics works as a bridge between and _.

What is the primary objective of logistics in supply chain management?

What is the correct order of the logistic cycle?

Logistics management is not required in which of the following industries?

What are the key activities required to facilitate the flow of a product from point of origin to point of consumption?

Logistics management is used as a means to ___________.

Logistics are a vital cost for firms, making up ______ percent of the cost.

If the final inspector at a tractor paint shop discovers that the paint on the tractor has a poor finish, the tractor may have to be completely rescinded and repainted. What type of cost does this situation describe?

What does the term logistics refer to?

Core Concepts

Customer Relationship Management

Demand

Design and Improvement

Dynamics

Efficiency

Global Management

Inventory

Managing Supply

Market Segments

Risk

Supplier Relationship Management

Strategy Alignment

Sustainability

Filters

Exam 9: Logistics

What is meant by third party logistics?

The three main phases through which logistics delivers value to customers are:

The term "costs of system" can be best described as:

The 6 "R" of logistics are:

At a micro level, logistics works as a bridge between ____________ and _____________.

What is the primary objective of logistics in supply chain management?

What is the correct order of the logistic cycle?

Logistics management is not required in which of the following industries?

What are the key activities required to facilitate the flow of a product from point of origin to point of consumption?

Logistics management is used as a means to ___________.

Logistics are a vital cost for firms, making up ______ percent of the cost.

If the final inspector at a tractor paint shop discovers that the paint on the tractor has a poor finish, the tractor may have to be completely rescinded and repainted. What type of cost does this situation describe?

What does the term logistics refer to?

Core Concepts

Customer Relationship Management

Demand

Design and Improvement

Dynamics

Efficiency

Global Management

Inventory

Managing Supply

Market Segments

Risk

Supplier Relationship Management

Strategy Alignment

Sustainability

Filters

At a micro level, logistics works as a bridge between and _.