View the step-by-step solution to:

Cargo is: Freight b. freight plus mail 2. The downstream end of a supply chain is: supplier end b. customer end 3. In the 'unionist perspective':


 

1.     Cargo is:

a.      Freight

b.     freight plus mail

 

2.     The downstream end of a supply chain is:

a.      supplier end

b.     customer end

 

3.     In the 'unionist perspective':

a.      logistics is a part of SCM

b.     SCM is a part of logistics

 

4.     In the 'traditionalist' perspective:

a.      logistics is a part of SCM

b.     SCM is a part of logistics

 

5.     Containerisation was first developed in:

a.      the 1950's

b.     the 1970's

 

6.     A low value, high volume shipment has:

a.      a high transport cost penalty

b.     a low transport cost penalty

 

7.     The term supply chain management was introduced around:

a.      the 1960s

b.     the 1980s

 

8.     A supply chain is best understood as:

a.      a linear chain

b.     a multidimensional network

 

9.     Effective transport deregulation typically aims to achieve (at least in theory):

a.      cost reduction

b.     service improvement

c.      both

 

10. Ethnocentricity involves:

a.      adopting the perspective only of the home country where its headquarters are located

b.     adopting the host country perspective

c.      the company not adopting any particular country perspective(s)

 

11. In the context of global logistics the acronym 'TNC' stands for:

a.      transnational corporation

b.     transnational competence


 

12. Which type of company portrays more of a global identity:

a.      a transnational corporation

b.     a multinational company

 

13. Offshoring can be defined as:

a.      the transfer of specific processes to lower cost locations in other countries

b.     the transfer to a third party of the management and delivery of a process previously performed by the company itself

 

14. Geocentricity involves:

a.      adopting the perspective only of the home country where its headquarters are located

b.     adopting the host country perspective

c.      the company not adopting any one particular country perspective(s)

 

15. Craft production allows:

a.      high output volume with low output variety

b.     high output variety with low output volume

 

16. Another name for postponement is:

a.      delayed product design

b.     delayed product differentiation

 

17. An agile supply chain strategy works best with:

a.      short lead time, unpredictable demand

b.     short lead time, predictable demand

 

18. Another term used to describe the 'functional' nature of many organisations is:

a.      silo

b.     corporate

 

19. A leagile supply chain strategy works best with:

a.      long lead time, predictable demand

b.     long lead time, unpredictable demand

 

20. The consignee is:

a.      the company or individual who sends the consignment

b.     the company or individual who actually receives the shipment

 

21. The term NVOCC is an acronym for:

a.      non-vessel-owning common carrier

b.     non-vessel-operating common carrier

 

22. The term NVOCC:

a.      is associated with the activity known as groupage

b.     is not associated with the activity known as groupage

 

 

 

23. How many groups of incoterms are there?

a.      Two

b.     Three

c.      Four

 

24. In the hierarchy of needs for freight purchasing decision makers will typically first consider which of the following issues:

a.      avoidance of risk

b.     price

 

25. Which of the following is correct?

a.      sourcing = procurement + purchasing

b.     procurement = sourcing + purchasing

 

26. The acronym 'OEM' stands for:

a.      original electronics manufacturing

b.     original equipment manufacturer

 

27. A higher score on the environmental separation index between an outsourcer and an outsourcee indicates:

a.      large differences in work practices, culture and perceptions between an outsourcer and an outsource

b.     small differences in work practices, culture and perceptions between an outsourcer and an outsource

 

28. Which of the following statements is correct?

a.      In order to be an order winner a factor must first be an order qualifier

b.     In order to be an order qualifier a factor must first be an order winner

 

29. The acronym 'RFI' as understood in the procurement process means:

a.      request for identification

b.     road freight information

c.      request for information

 

 

30. Very slow moving items of inventory are likely to be classified in an ABC inventory classification system as:

a.      'A' items

b.     'B' items

c.      'C' items

 

31. The square root rule is concerned with:

a.      deciding how much inventory to re-order

b.     reducing total system inventory by reducing the number of locations within which inventory is held

c.      transit inventory

 


 

32. In the economic order quantity (EOQ) model the following two sets of costs are considered:

a.      Inventory carrying costs and order set-up costs

b.     Inventory carrying costs and costs associated with inventory in transit

c.      Order set-up costs and sourcing costs

 

33. Inventory turnover is the ratio of:

a.      value of average inventory held throughout the year divided by cost of all goods sold in a year

b.     cost of all goods sold in a year divided by value of average inventory held throughout the year

c.      value of average inventory held throughout the year divided by value of all goods sold in a year

 

34. A JIT system is likely to be charcaterised by:

a.      frequent orders of small quantities

b.     less frequent orders of large quantities

                                                                                                                                                      

35. Which of these is not a value-adding activity in warehousing?

  1. Break bulk
  2. Smooth supply
  3. Chase demand

 

36. Cross docking is:

a.      A process that bypasses storage

b.     A process that reduces materials handling

c.      A process that improves product quality

 

37. Which of these is the cause of the Houlihan Effect?

a.      Non-zero lead times and demand signal processing

b.     Order batching

c.      Rationing and gaming

 

38. Materials requirements planning (MRP) systems are used to:

a.      Plan and control orders with dependent demand

b.     Plan and control orders with independent demand

c.      Forecast demand

 

39. Which of these is not an information task performed by warehouse management systems (WMS)?

a.      Cycle counting

b.     Purchase order generation

c.      Pick accuracy confirmation

 

40. Warehouse technologies must be:

a.      More flexible than human operators

b.     The very latest technologies

c.      Fit for purpose

 

41. Socio-technical systems (STS) theory considers four elements of an operation. Which is not one of these elements?

a.      Structure

b.     People

c.      Materials

 

42. Which of these is a fundamental principle of socio-technical systems (STS) theory?

a.      Automated warehouse systems

b.     Semi-autonomous teams

c.      Employee recruitment

 

43. Pick-to-voice technologies can be used to:

a.      Eliminate the need for warehouse operatives to read and write

b.     Eliminate the need for warehouse operatives to handle goods

c.      Eliminate the need for warehouse operatives to waste time talking to co-workers

 

44. The acronym 'ITU' stands for:

a.      Integrated transit unit

b.     Intermodal transport unit

c.      Integrated transport unit

 

45. When factory gate pricing is used who usually arranges transportation of the freight:

a.      The consignor

b.     The consignee

c.      The carrier

 

46. The acronym 'FCL' stands for:

a.      Final container load

b.     Full container load

c.      Final cargo load

 

47. Volumetric charging uses which of the following criteria to determine a freight rate:

a.      Dimensions

b.     Weight

 

48. Which of these is not a key driver of developing improved supply chain information systems?

  1. Information proliferation
  2. Information velocity
  3. Information sensitivity

 

49. Information visibility is:

a.      The ability to see information at various points across the supply chain

b.     The ability to transfer information between supply chain partners

c.      The ability to see all supply chain information on a single user interface

 

50. Electronic data interchange (EDI) is:

a.      A technology for the electronic interchange of data between two or more companies

b.     A technology for marketing products and services to customers

c.      A technology for managing suppliers

 

51. Radio frequency identification (RFID) offers:

a.      Improved product knowledge

b.     Remote communication of data

c.      Faster information reporting

 

52. Which of these is not a typical operational improvement offered by RFID?

a.      Shipment and item tracking

b.     Item tracking within a manufacturing plant

c.      Customer tracking within a retail store

 

53. Which of these statements is correct?

a.      Knowledge is gained from synthesising different information sources

b.     Data is gained from synthesising different information sources

c.      Information is gained from synthesising different knowledge sources

 

54. What type of exposure relates to exposure to potential financial loss as a result of trading in another currency:

a.      Transaction exposure

b.     Translation exposure

 

55. CVP analysis is:

a.      Cost, value, profit analysis

b.     Cost, volume, profit analysis

c.      Cash, value, profit analysis

 

56. The income statement is another name for:

a.      The balance sheet

b.     The profit and loss account

c.      The cash flow statement

 

57. Management accounting is sometimes called:

a.      Cost accounting

b.     Financial accounting

 

58. Which of these is a term used to describe the total costs associated with sourcing and receiving products from another location?

a.      Total logistics costs

b.     Total shipping costs

c.      Total landed costs

 

59. Benchmarking is:

a.      a method that enables companies to monitor their performance relative to the best-in-class

b.     a method that enables companies to set different KPIs to those of their competitors

c.      a method that enables companies to copy their competitors

 

60. An 'SLA' is:

a.      a supplier location agreement

b.     a service level agreement

c.      a service location agreement

 

61. The acronym 'CSI' used in a logistics context stands for:

a.      Carrier Safety Initiative

b.     Container Security Initiative

c.      Carrier Security Implementation

 

62. The ability of a system to return to its original (or desired) state after being disturbed can be described as:

a.      Robustness

b.     Resilience

 

63. The Sarbanes-Oxley Act originated in:

a.      Europe

b.     Asia

c.      The US

 

64. Which of these is not a primary mode of integration within a supply chain?

  1. Internal integration
  2. Forward integration
  3. Systems integration

 

65. Supply chain integration is:

a.      A term that embodies various communication channels and linkages within a supply chain

b.     A term that describes how information technology linkages are established within a supply chain

c.      A term that illustrates the complexity and multiplicity of a supply chain

 

66. Which of these is not a stage along the journey to collaboration as defined by Spekman et al, (1998)?

a.      Coordination

b.     Cooperation

c.      Cohabitation

 

67. Collaboration is:

a.      enabled by integration

b.     the same as integration

c.      an enabler of integration

 

68. Vertical integration is:

a.      the collaboration between competitors and other supply chain actors

b.     the collaboration between suppliers and customers

c.      the collaboration between two third party logistics providers


 

69. Which of these is not an enabler of improved supply chain collaboration?

a.      Supply base rationalisation

b.     Supplier development

c.      Supplier coercion

 

70. The transition to an advanced collaborative planning, forecasting and replenishment (CPFR) solution requires:

a.      A state-of-the-art information system to have been developed beforehand

b.     A long-term relationship to have been developed beforehand

c.      A detailed market analysis to have been developed beforehand

 

71. Which of these statements is correct?

a.      Supply chain collaboration cannot be achieved through information technology solutions alone

b.     Vendor managed inventory (VMI) is dependent upon decentralised supply chain control

c.      CPFR is not constrained by scale and complexity, when it is implemented

 

72. The acronym 'RMA' stands for:

a.      Return Material / Merchandise Activity

b.     Reverse Management of Assets

c.      Return Material / Merchandise Authorisation

 

73. Research suggests that the cost of processing a return can be:

a.      2-3 times that of an outbound shipment

b.     One half to one third that of an outbound shipment

 

74. The maximum potential capacity of the latest generation of container ships is:

a.      1,450 TEUs

b.     14,500 TEUs

c.      145,000 TEUs

 

75. Increased scale (such as larger container vessels) tends to:

a.      decrease the environmental impact of logistics activities per unit

b.     increase the environmental impact of logistics activities per unit

 

76. Effective supply chain management usually focuses upon a philosophy that concentrates on moving from:

a.      transactions to translations

b.     transactions to relationships

c.      relationships to transactions

 

77. Some commentators suggest that as much as what percentage of carbon savings are only achievable at the supply chain design stage:

a.      over 20%

b.     over 50%

c.      over 80%

 

78. The transportation model is an example of what category of modelling techniques:

a.      optimisation techniques

b.     simulation techniques

Recently Asked Questions

Why Join Course Hero?

Course Hero has all the homework and study help you need to succeed! We’ve got course-specific notes, study guides, and practice tests along with expert tutors.

-

Educational Resources
  • -

    Study Documents

    Find the best study resources around, tagged to your specific courses. Share your own to gain free Course Hero access.

    Browse Documents
  • -

    Question & Answers

    Get one-on-one homework help from our expert tutors—available online 24/7. Ask your own questions or browse existing Q&A threads. Satisfaction guaranteed!

    Ask a Question