Question 1

As a firm spends more on transportation service, cost of lost sales increases.

Accepted Answer

A) True 
 B)False

Question 2

An important sustainability issue that has received much more scrutiny in recent years is the:

Accepted Answer

A)  focus on adequate inventory levels. 
B)  reduction in packaging waste by using alternate materials. 
C)  effort to move warehouse storage closer to consumers. 
D)  emphasis on materials handling and warehouse design. 
A)  focus on adequate inventory levels. 
B)  reduction in packaging waste by using alternate materials. 
C)  effort to move warehouse storage closer to consumers. 
D)  emphasis on materials handling and warehouse design.

Question 3

The most important trade-off in logistics is between:

Accepted Answer

A)  warehousing and packaging. 
B)  inventory and packaging. 
C)  transportation and warehousing. 
D)  transportation and inventory. 
A)  warehousing and packaging. 
B)  inventory and packaging. 
C)  transportation and warehousing. 
D)  transportation and inventory.

Question 4

The utility created through the basic marketing activities is known as place utility.

Accepted Answer

A) True 
 B)False

Question 5

A(n) _____ relationship exists between the cost of lost sales and inventory cost.

Accepted Answer

A)  reverse 
B)  proportional 
C)  inverse 
D)  nonlinear 
A)  reverse 
B)  proportional 
C)  inverse 
D)  nonlinear

Question 6

Which of the answers below is an example of the creation of form utility by a logistics activity?

Accepted Answer

A)  When lumber is cut and made into a chair 
B)  When a firm's finance manager approves customer purchases on a credit basis 
C)  When Dell combines components with software to produce a computer to a customer's specifications 
D)  When bulk products are broken and repackaged at a distribution center 
A)  When lumber is cut and made into a chair 
B)  When a firm's finance manager approves customer purchases on a credit basis 
C)  When Dell combines components with software to produce a computer to a customer's specifications 
D)  When bulk products are broken and repackaged at a distribution center

Question 7

What is often the largest component of logistics costs?

Accepted Answer

A)  Inventory costs 
B)  Transportation costs 
C)  Shipper-related costs 
D)  Administrative costs 
A)  Inventory costs 
B)  Transportation costs 
C)  Shipper-related costs 
D)  Administrative costs

Question 8

Logistics creates which utility through production forecasting, production scheduling, and inventory control?

Accepted Answer

A)  Form utility 
B)  Quantity utility 
C)  Time utility 
D)  Possession utility 
A)  Form utility 
B)  Quantity utility 
C)  Time utility 
D)  Possession utility

Question 9

The utility that is created by moving goods from production points to market points where demand exists is referred to as _____ utility.

Accepted Answer

A)  form 
B)  place 
C)  time 
D)  possession 
A)  form 
B)  place 
C)  time 
D)  possession

Question 10

How does logistics add value in the economy? How does logistics add value for firms? What, if any are the differences?

Accepted Answer

Five principle types of economic utility

Question 11

Time utility depends on:

Accepted Answer

A)  when the carrier picks up the shipment. 
B)  transportation companies delivering on time. 
C)  proper forecasting. 
D)  having the product available when the user wants it. 
A)  when the carrier picks up the shipment. 
B)  transportation companies delivering on time. 
C)  proper forecasting. 
D)  having the product available when the user wants it.

Question 12

A _____ analysis examines a logistics system over a long time period or range of output.

Accepted Answer

A)  cost center 
B)  dynamic 
C)  link node 
D)  least cost 
A)  cost center 
B)  dynamic 
C)  link node 
D)  least cost

Question 13

As the weight density of a product decreases, transportation cost per pound:

Accepted Answer

A)  increases. 
B)  decreases. 
C)  stays the same. 
D)  can't be determined. 
A)  increases. 
B)  decreases. 
C)  stays the same. 
D)  can't be determined.

Question 14

As the dollar value of a product decreases, its transportation cost:

Accepted Answer

A)  increases. 
B)  decreases. 
C)  stays the same. 
D)  can't be determined. 
A)  increases. 
B)  decreases. 
C)  stays the same. 
D)  can't be determined.

Question 15

In a logistics system, warehousing should be optimized at the expense of related logistics activities, such as transportation and procurement.

Accepted Answer

A) True 
 B)False

Question 16

Transportation is the physical movement or flow of goods.

Accepted Answer

A) True 
 B)False

As a firm spends more on transportation service, cost of lost sales increases.

An important sustainability issue that has received much more scrutiny in recent years is the:

The most important trade-off in logistics is between:

The utility created through the basic marketing activities is known as place utility.

A(n) _____ relationship exists between the cost of lost sales and inventory cost.

Which of the answers below is an example of the creation of form utility by a logistics activity?

What is often the largest component of logistics costs?

Logistics creates which utility through production forecasting, production scheduling, and inventory control?

The utility that is created by moving goods from production points to market points where demand exists is referred to as _____ utility.

How does logistics add value in the economy? How does logistics add value for firms? What, if any are the differences?

Time utility depends on:

A _____ analysis examines a logistics system over a long time period or range of output.

As the weight density of a product decreases, transportation cost per pound:

As the dollar value of a product decreases, its transportation cost:

In a logistics system, warehousing should be optimized at the expense of related logistics activities, such as transportation and procurement.

Transportation is the physical movement or flow of goods.

Supply Chain Management: an Overview

Global Dimensions of Supply Chains

Distribution and Omni Channel Network Design

Sourcing Materials and Services

Operations Producing Goods and Services

Demand Management

Order Management and Customer Service

Managing Inventory in the Supply Chain

Distribution

Transportation

Aligning Supply Chains

Supply Chain Performance Measurement and Financial Analysis

Supply Chain Technology

Strategic Challenges and Change for Supply Chains

Filters

Exam 3: Role of Logistics in Supply Chains

As a firm spends more on transportation service, cost of lost sales increases.

An important sustainability issue that has received much more scrutiny in recent years is the:

The most important trade-off in logistics is between:

The utility created through the basic marketing activities is known as place utility.

A(n) _____ relationship exists between the cost of lost sales and inventory cost.

Which of the answers below is an example of the creation of form utility by a logistics activity?

What is often the largest component of logistics costs?

Logistics creates which utility through production forecasting, production scheduling, and inventory control?

The utility that is created by moving goods from production points to market points where demand exists is referred to as _____ utility.

How does logistics add value in the economy? How does logistics add value for firms? What, if any are the differences?

Time utility depends on:

A _____ analysis examines a logistics system over a long time period or range of output.

As the weight density of a product decreases, transportation cost per pound:

As the dollar value of a product decreases, its transportation cost:

In a logistics system, warehousing should be optimized at the expense of related logistics activities, such as transportation and procurement.

Transportation is the physical movement or flow of goods.

Supply Chain Management: an Overview

Global Dimensions of Supply Chains

Distribution and Omni Channel Network Design

Sourcing Materials and Services

Operations Producing Goods and Services

Demand Management

Order Management and Customer Service

Managing Inventory in the Supply Chain

Distribution

Transportation

Aligning Supply Chains

Supply Chain Performance Measurement and Financial Analysis

Supply Chain Technology

Strategic Challenges and Change for Supply Chains

Filters