RF technology and on board computers with satellite tracking are examples of : A). Remote access B).management control systems C).ability to observe workers from a remote access D).data management in the new century.
11. Motor Rebuilders, Inc. does custom rebuilding of automobile and truck engines and transmissions. As a rule, when an individual rebuilding order completed, a trucking company was contacted to transport the item to the buyer. Motor Rebuilders pays higher rates for shipping small loads to the shipper’s destination. Motor’s logistics manager suggested that the rebuilt items be held in temporary storage until enough weight is accumulated to qualify for shipment in truckload quantity enabling payment of lower rates. Motor Rebuilders created a physical distribution inventory for which reason? a. transportation savings b. production savings c. seasonal demand d. goods for resale
10. Modular Desk manufactures custom desk units for businesses. Amalgamated Products ordered 50 custom units for its new facility. The desks were ordered F.O.B. Origin because Amalgamated has a private truck fleet to transport the desks. After arrival at Amalgamated, 14 of the desks were found damaged. Amalgamator’s driver inspected the desks at Modular’s plant and found them all to be in good condition. Who files the damage claim with the insurance company? a. Modular Desk b. Amalgamated Products c. the common carrier e. the building contractor.
9. Marketers have begun to recognize the strategic value of place in the marketing mix, and the benefits resulting from high-quality logistical services. As a result which has been recognized as the interface activity between marketing and logistics? a. product b. promotion c. price d. customer service
8. In the simple EOQ model, the reorder point is: A). the maximum amount needed for sales during the time it takes to replenish inventory B). the minimum amount needed for sales during the time it takes to replenish inventory C). the time necessary for a company to process an order D). a concept required to minimize total inventory costs
7. In the Item Procurement Importance Matrix, what describes high risk, low value a. Generics b. Commodities c. Criticals d. Distinctives
6. How does containerization change the materials handling function? A). from being capital intensive to labor intensive B). from being labor intensive to capital intensive C). from being an ancillary function to a primary function D). to being a market intensive activity
5. How does a carrier’s reliability or consistency of transit time effect a shipper? A). the complexity of interface functions encountered B). safety stock requirements C). the degree of intermodal sufficiency D). the amount of materials handling cost incurred
4. Any governmental unit or authority at any level that owns, operates, or otherwise provides wharf, dock, and other terminal facilities at port locations refers to: a. country government b. a maritime unit C). a free trade zone D).a port authority7.
3. A product’s form utility is created when value is added to the product through a manufacturing, production or assembly process. However, logistics activity can provide form utility also. Which describes the creation of form utility by a logistics activity? 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 bulk computer disks in different colors, are packed in three color assortments for sale to computer users D). when flour, milk, and shortening are combined to bake loaves of bread
2. A private warehouse requires a high volume of warehouse throughput for efficient operation. Which is the best reason for this? A). to spread out fixed cost over large output volumes B.) to spread out variable cost over large output volumes C.) so total unit costs can be allocated on the basis of traffic volume D). to accomplish total utilization of facilities with declining variable costs
1. A containerized shipment of French beauty products arrives at the port of Miami. The containers arc off-loaded onto rail cars for shipment to Orlando, Florida. This describes which type of maritime bridge? a. microbridge b. minibridge c. macrobridge d. mainbridge