Question 1

___________ refers to the delay of value-added activities such as assembly,production,and packaging to the latest possible time.

Accepted Answer

A) Building block 
B) Lean manufacturing 
C) Deferral 
D) Postponement 
A) Building block 
B) Lean manufacturing 
C) Deferral 
D) Postponement D

Question 2

The ownership channel consists of all parties except:

Accepted Answer

A) customers. 
B) manufacturers. 
C) wholesalers. 
D) retailers. 
A) customers. 
B) manufacturers. 
C) wholesalers. 
D) retailers. A

Question 3

Logistics managers use the ___________ approach to coordinate materials management and physical distribution in a cost-efficient manner.

Accepted Answer

A) total cost 
B) supply chain 
C) balanced 
D) intrafunctional logistics 
A) total cost 
B) supply chain 
C) balanced 
D) intrafunctional logistics A

Question 4

Logistics clearly contributes to ___________ and ___________ utility.

Accepted Answer

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

Question 5

The four basic components of the marketing mix include all of the following except:

Accepted Answer

A) price. 
B) production. 
C) place. 
D) promotion. 
A) price. 
B) production. 
C) place. 
D) promotion.

Question 6

Interfunctional logistics attempts to coordinate materials management and physical distribution in a cost-efficient manner that supports an organization's customer service objectives.

Accepted Answer

A) True 
 B)False

Question 7

Stockouts refer to a situation in which a company is out of an item at the same time that there is demand for that item.

Accepted Answer

A) True 
 B)False

Question 8

The most significant contribution that the logistics channel makes to the overall channel process is the sorting function.

Accepted Answer

A) True 
 B)False

Question 9

World trade has grown at an average annual rate of approximately ___________ percent since 1990.

Accepted Answer

A) 6 
B) 5 
C) 4 
D) 3 
A) 6 
B) 5 
C) 4 
D) 3

Question 10

Landed costs refer to:

Accepted Answer

A) the costs of a product shipped via surface transport. 
B) the costs of a product that is quoted cash on delivery (CO
D) ). 
C) the costs of a prepaid shipment. 
D) a price that includes both the cost of the product plus transportation to the buyer. 
A) the costs of a product shipped via surface transport. 
B) the costs of a product that is quoted cash on delivery (CO
D) ). 
C) the costs of a prepaid shipment. 
D) a price that includes both the cost of the product plus transportation to the buyer.

Question 11

Logistics offers many companies an important route for creating marketing superiority.

Accepted Answer

A) True 
 B)False

Question 12

There is no link between the promotions and logistics channels.

Accepted Answer

A) True 
 B)False

Question 13

A cost trade-off is a situation where:

Accepted Answer

A) all costs react according to their individual degrees of inflation in the economy. 
B) all costs are reflected as a percentage variation from standard costs. 
C) some costs increase and some costs decrease. 
D) some costs are eliminated by efficient management controls. 
A) all costs react according to their individual degrees of inflation in the economy. 
B) all costs are reflected as a percentage variation from standard costs. 
C) some costs increase and some costs decrease. 
D) some costs are eliminated by efficient management controls.

Question 14

Absolute and relative logistics costs in relation to gross domestic product (GDP))vary from country to country.

Accepted Answer

A) True 
 B)False

Question 15

The movement and storage of materials into a firm refers to ___________.

Accepted Answer

A) physical distribution 
B) materials management 
C) supply chain management 
D) materials handling 
A) physical distribution 
B) materials management 
C) supply chain management 
D) materials handling

Question 16

Demand forecasting is not considered to be a logistics-related activity.

Accepted Answer

A) True 
 B)False

Question 17

___________ are stores with large amounts of both floor space and product for sale.

Accepted Answer

A) Mass merchandisers 
B) Power retailers 
C) Big-box retailers 
D) Do-it-yourself (DIY))retailers 
A) Mass merchandisers 
B) Power retailers 
C) Big-box retailers 
D) Do-it-yourself (DIY))retailers

Question 18

Which concept refers to the storage of finished product and movement to the customer?

Accepted Answer

A) supply chain management 
B) business logistics 
C) physical distribution 
D) materials management 
A) supply chain management 
B) business logistics 
C) physical distribution 
D) materials management

Question 19

The finance department tends to measure inventory in terms of units whereas logistics tends to measure inventory in terms of its cost or value.

Accepted Answer

A) True 
 B)False

Question 20

Superior logistics is an essential component of corporate strategies for many big-box retailers.

Accepted Answer

A) True 
 B)False

___________ refers to the delay of value-added activities such as assembly,production,and packaging to the latest possible time.

The ownership channel consists of all parties except:

Logistics managers use the ___________ approach to coordinate materials management and physical distribution in a cost-efficient manner.

Logistics clearly contributes to _ and _ utility.

The four basic components of the marketing mix include all of the following except:

Interfunctional logistics attempts to coordinate materials management and physical distribution in a cost-efficient manner that supports an organization's customer service objectives.

Stockouts refer to a situation in which a company is out of an item at the same time that there is demand for that item.

The most significant contribution that the logistics channel makes to the overall channel process is the sorting function.

World trade has grown at an average annual rate of approximately ___________ percent since 1990.

Landed costs refer to:

Logistics offers many companies an important route for creating marketing superiority.

There is no link between the promotions and logistics channels.

A cost trade-off is a situation where:

Absolute and relative logistics costs in relation to gross domestic product (GDP))vary from country to country.

The movement and storage of materials into a firm refers to ___________.

Demand forecasting is not considered to be a logistics-related activity.

___________ are stores with large amounts of both floor space and product for sale.

Which concept refers to the storage of finished product and movement to the customer?

The finance department tends to measure inventory in terms of units whereas logistics tends to measure inventory in terms of its cost or value.

Superior logistics is an essential component of corporate strategies for many big-box retailers.

Logistics and Information Technology

Strategic and Financial Logistics

Organizational and Mangerial Issues in Logistics

The Supply Chain Management Concept

Procurement

Demand Management, order Management

Inventory Management

Facility Location

Warehousing Management

Packaging and Materials Handling

Transportation

Transportation Management

International Logistics

Filters

Exam 1: An Overview of Logistics

___________ refers to the delay of value-added activities such as assembly,production,and packaging to the latest possible time.

The ownership channel consists of all parties except:

Logistics managers use the ___________ approach to coordinate materials management and physical distribution in a cost-efficient manner.

Logistics clearly contributes to ___________ and ___________ utility.

The four basic components of the marketing mix include all of the following except:

Interfunctional logistics attempts to coordinate materials management and physical distribution in a cost-efficient manner that supports an organization's customer service objectives.

Stockouts refer to a situation in which a company is out of an item at the same time that there is demand for that item.

The most significant contribution that the logistics channel makes to the overall channel process is the sorting function.

World trade has grown at an average annual rate of approximately ___________ percent since 1990.

Landed costs refer to:

Logistics offers many companies an important route for creating marketing superiority.

There is no link between the promotions and logistics channels.

A cost trade-off is a situation where:

Absolute and relative logistics costs in relation to gross domestic product (GDP))vary from country to country.

The movement and storage of materials into a firm refers to ___________.

Demand forecasting is not considered to be a logistics-related activity.

___________ are stores with large amounts of both floor space and product for sale.

Which concept refers to the storage of finished product and movement to the customer?

The finance department tends to measure inventory in terms of units whereas logistics tends to measure inventory in terms of its cost or value.

Superior logistics is an essential component of corporate strategies for many big-box retailers.

Logistics and Information Technology

Strategic and Financial Logistics

Organizational and Mangerial Issues in Logistics

The Supply Chain Management Concept

Procurement

Demand Management, order Management

Inventory Management

Facility Location

Warehousing Management

Packaging and Materials Handling

Transportation

Transportation Management

International Logistics

Filters

Logistics clearly contributes to _ and _ utility.