当代物流学习题2英文版

PARTIIIEXAMINATIONQUESTIONSCHAPTER1:LOGISTICSANDTHESUPPLYCHAINMultipleChoiceQuestionsLogisticsasapercentageofU.S.GrossDomesticProductisapproximately(within2%):5%10%15%20%noneoftheabove(b;p.4)Logisticsclearlycontributesto___________and___________utility.time;placeform;timeplace;formpossession;timenoneoftheabove(a;p.4)___________utilityreferstothevalueorusefulnessthatcomesfromacustomerbeingabletotakepossessionofaproduct.timeplaceformpossession(d;p.4)___________utilityreferstohavingproductsavailablewheretheyareneededbycustomers.possessiontimeplaceform(c;p.5)1Allofthefollowingtermshavebeenusedtorefertobusinesslogisticsexcept:businesslogisticsindustrialdistributionlogisticsmanagementphysicaldistributionalloftheabovearecorrect(e;p.5)6. “Howwellacompanydoeswhatitsaysit ’sgoingtodo ”represents___________.efficiencyproductivityleadingedgelogisticseffectiveness(d;p.6)Everycustomergettingthesametypeandlevelsoflogisticsservicerefersto___________.tailoredlogisticsmasslogisticseffectivenessefficiency(b;p.7)Whichofthefollowingisnotareasonfortheincreasedimportanceoflogistics?growingpowerofmanufacturersreductionineconomicregulationglobalizationoftradetechnologicaladvances(a;pp.8–10)Whatlogistics“outsider”developedtheconceptofthevaluechain?DonaldBowersoxGusPagonisMichaelPorterMichaelHammer(c;p.8)210.The___________approachindicatesthatacompany’sobjectivescanberealizedbyrecognizingthemutualinterdependenceofmajorfunctionalareas.supplychainsystemsinterfunctionalitytotalcost(b;p.10)Themovementandstorageofmaterialsintoafirmrefersto:physicaldistributionmaterialsmanagementmaterialshandlinginboundlogistics(d;p.10)Themovementandstorageofmaterialswithinafirmrefersto:physicaldistributioninboundlogisticsmaterialsmanagementprocurement(c;p.10)Logisticsmanagersusethe___________approachtocoordinateinboundlogistics,materialsmanagement,andphysicaldistributioninacostefficientmanner.totalcostsupplychainmasslogisticsinterfunctional(a;p.11)Acosttrade-offisasituationwhere:allcostsreactaccordingtotheirindividualdegreesofinflationintheeconomyallcostsarereflectedasapercentagevariationfromstandardcostssomecostsincrease,somedecrease,andtheneteffectisthattotalcostsdecreasesomecostsareeliminatedbyefficientmanagementcontrols(c;p.13)3Thecashflowassociatedwithholdinginventoryisknownasinventory___________.turnovervaluationstockfloat(d;p.14)__________ensivedistributionco-brandingco-generationselectivedistribution(b;p.14)Phantomfreightrefersto:a.payingmorefortransportationthantheactualcostlateshipmentsshipmentsacceptedbynon-certifiedcarriersfreightthat“disappears”intransit(a;pp.15–16)Freightabsorptionrefersto:aspecialratetocoverincreasingfuelcostsratesthatarehigherthanothercarrierschargetheabilityofcardboardtoabsorbmoisturetransportationpaymentslowerthantheactualcostsincurredtoshiptheproduct(d;p.16)Landedcostsreferto:aproductthatisshippedviasurfacetransportaproductthatisquotedcostondelivery(COD)aprepaidshipmentapricethatincludesboththecostoftheproductplustransportationtothebuyer(d;p.15)4___________istheexcessfreightbillpaidbycustomerswholiveneartheshippingpoint.freightabsorptiondeliveredpricephantomfreightlandedprice(c;p.15)InFOBoriginpricing,allofthefollowingaretrueexcept:pricesquoteddonotincludetransportationtotheconsigneemarketerscanadoptuniformpricesonaregionalornationalbasisconsigneesmustarrangeforthetransportationofthepurchasedproducttheselleralwaysreceivesthesamenetfromeachsale(b;p.15)___________referstoasituationwheretheapplicablechargesarepaidatthetimeashipmentistenderedtoacarrier.freightprepaidfreightabsorptionphantomfreightFOBorigin(a;p.16)___________referstochargesbeingpaidatthetimeofshipmentdelivery.freightabsorptionfreightyieldfreightcollectFOBdestination(c;p.16)Thefourbasiccomponentsofthemarketingmixincludeallofthefollowingexcept:priceproductionproductplace(b;p.14)5Themostcommoninterfacebetweenproductionandlogisticsgenerallyinvolves:theuseofplasticversuswoodpalletsthemodeoftransportationshipmentpricingthelengthofproductionruns(d;p.18)___________referstothedelayofvalue-addedactivitiessuchasassembly,production,andpackagingtothelatestpossibletime.buildingblocksdeferraldemurragepostponement(d;p.19)Theownershipchannelconsistsofallpartiesexcept:customersmanufacturerswholesalersretailers(a;p.19)The____________channelhandlesthephysicalflowofproduct.ownershipnegotiationslogisticspromotions(c;p.19)Whichchannelcoversthemovementoftitletothegoods?promotionslogisticsfinanceownership(d;p.21)6Whichofthefollowingisnotpartofthemarketingchannel?thelogisticschannelthenegotiationschannelthepromotionchannelthefinancechannelallarepartofthemarketingchannel(e;p.19)Channelintermediaries:assumetemporaryownershipofthegoodsfillnichesdisappearasthemarketbecomesorganizedtendtolackfocus(b;p.24)Intermediariesinthemarketingchannelperformallofthefollowingfunctionsexcept:supplyinformationmatchbuyersandsellersassumetemporaryownershipofthegoodsdevelopandfillniches(c;pp.23–24)Themostcostlylogisticsactivityinmanyfirmsis____________.industrialpackagingwarehousingmanagementordermanagementtransportationmanagement(d;p.27)____________isbringingtogethersimilarstocksfromdifferentsources.accumulatingassortingauditingallocating(a;p.23)7____________referstobreakingahomogenoussupplyintosmallerlots.sortingoutallocatingaccumulatingassorting(b;p.23)True-FalseQuestionsAbsoluteandrelativelogisticscostsinrelationtoGrossDomesticProductvaryfromcountrytocountry.(True;p.4)Logisticsclearlycontributestotimeandformutility.(False;p.4)Thecurrentdefinitionoflogistics,aspromulgatedbytheCouncilofLogisticsManagement,suggeststhatlogisticsispartofthesupplychainprocess.(True;p.6)Thepurposeoflogisticsistomaximizecustomerservice.(False;p.7)Logisticalprinciplesapplyonlytofor-profitorganizations.(False;p.7)Twoofthefiveprimaryactivitiesinthevaluechainareinboundlogisticsandoutboundlogistics.(True;pp.8–9)Thekeyaspectofthetotalcostapproachistomaximizecustomersatisfaction.(False;13)TheInternethasdonelittletoimprovelogisticaleffectivenessandefficiency.(False;9)Stock-keepingunits(SKUs)arethesameaslineitemsofinventory.(True;p.10)Inboundlogisticsreferstothemovementandstorageofmaterialsintoafirm.(True;p.10)Inboundlogisticsissynonymouswithmaterialsmanagement.(False;p.10)Interfunctionallogisticsattemptstocoordinateinboundlogistics,materialsmanage-ment,andphysicaldistributioninacostefficientmannerthatsupportsanorganization’scustomerserviceobjectives.(False;p.10)13.Commonsenseisoneofthekeystobeinganeffectivelogisticsmanager.(True;p.11)8Thekeytothetotalcostapproachisthatallrelevantcostitemsareconsideredsimultaneouslywhenmakingadecision.(True;p.13)Logisticsoffersmanycompaniesanimportantrouteforcreatingmarketingsuperiority.(True;p.14)Co-brandingisaretailingstrategythatisassociatedwithplacedecisions.(True;p.14)Asageneralrule,marketerspreferFOBoriginpricingratherthanFOBdestinationpricing.(False;pp.15–16)PhantomfreightandfreightabsorptionareassociatedwithFOBoriginpricing.(False;pp.15–16)Itisbetterforalogisticsmanagertobeageneralistratherthanaspecialist.(False;p.27)Stockoutsrefertoasituationwhereacompanyisoutofanitematthesametimethatthereisdemandforthatitem.(True;p.18)Longproductionrunssometimesresultinexcessiveinventoryofproductswithlimiteddemandforthem.(True;p.18)Intermediariesassumeownershipofgoodswhilethey’reinthemarketingchannel.(False;p.24)23.Channelmembersareusuallymoreconcernedaboutsellers’needsthanwithbuyersneeds.(False;p.20)Thenegotiationschannelistheonewherebuyandsellagreementsarereached.(True;p.21)Thereisnolinkagebetweenthepromotionsandlogisticschannel.(F