Test Bank for Global Logistics and Supply Chain Management 3rd Edition

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Test Bank for Global Logistics and Supply Chain Management 3rd Edition

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  1. Cargo is:
    1. Freight
    2. freight plus mail

 

  1. The downstream end of a supply chain is:
    1. supplier end
    2. customer end

 

  1. In the ‘unionist perspective’:
    1. logistics is a part of SCM
    2. SCM is a part of logistics

 

  1. In the ‘traditionalist’ perspective:
    1. logistics is a part of SCM
    2. SCM is a part of logistics

 

  1. Concerning the difference between logistics and SCM, which of the following perspectives is most popular:

Re-labelling                 Traditionalist               Unionist                      Intersectionist

 

  1. A low value, high volume shipment has:
    1. a high transport cost penalty
    2. a low transport cost penalty

 

  1. A supply chain is best understood as:
    1. a linear chain
    2. a multidimensional network

 

  1. Effective transport deregulation typically aims to achieve (at least in theory):
    1. cost reduction
    2. service improvement
    3. both

 

  1. Ethnocentricity involves:
    1. adopting the perspective only of the home country where its headquarters are located
    2. adopting the host country perspective
    3. the company not adopting any particular country perspective(s)

 

  1. In the context of global logistics the acronym ‘TNC’ stands for:
    1. transnational corporation
    2. transnational competence

 

 

  1. Which type of company portrays more of a global identity:
    1. a transnational corporation
    2. a multinational company

 

  1. Offshoring can be defined as:
    1. the transfer of specific processes to lower cost locations in other countries
    2. the transfer to a third party of the management and delivery of a process previously performed by the company itself

 

  1. Geocentricity involves:
    1. adopting the perspective only of the home country where its headquarters are located
    2. adopting the host country perspective
    3. the company not adopting any one particular country perspective(s)

 

  1. Craft production allows:
    1. high output volume with low output variety
    2. high output variety with low output volume

 

  1. Another name for postponement is:
    1. delayed product design
    2. delayed product differentiation

 

  1. An agile supply chain strategy works best with:
    1. short lead time, unpredictable demand
    2. short lead time, predictable demand

 

  1. Another term used to describe the ‘functional’ nature of many organisations is:
    1. silo
    2. corporate

 

  1. A leagile supply chain strategy works best with:
    1. long lead time, predictable demand
    2. long lead time, unpredictable demand

 

  1. The consignee is:
    1. the company or individual who sends the consignment
    2. the company or individual who actually receives the shipment

 

  1. The term NVOCC is an acronym for:
    1. non-vessel-owning common carrier
    2. non-vessel-operating common carrier

 

  1. The term NVOCC:
    1. is associated with the activity known as groupage
    2. is not associated with the activity known as groupage

 

 

 

  1. How many groups of incoterms are there?
    1. Two
    2. Three
    3. Four

 

  1. Which of the following is correct?
    1. sourcing = procurement + purchasing
    2. procurement = sourcing + purchasing

 

  1. The acronym ‘OEM’ stands for:
    1. original electronics manufacturing
    2. original equipment manufacturer

 

  1. A higher score on the environmental separation index between an outsourcer and an outsourcee indicates:
  2. large differences in work practices, culture and perceptions between an outsourcer and an outsourcee
  3. small differences in work practices, culture and perceptions between an outsourcer and an outsourcee

 

  1. Which of the following statements is correct?
  2. In order to be an order winner a factor must first be an order qualifier
  3. In order to be an order qualifier a factor must first be an order winner

 

 

  1. Very slow moving items of inventory are likely to be classified in an ABC inventory classification system as:
  2. ‘A’ items
  3. ‘B’ items
  4. ‘C’ items

 

  1. The square root rule is concerned with:
  1. deciding how much inventory to re-order
  2. reducing total system inventory by reducing the number of locations within which inventory is held
  3. transit inventory

 

 

 

  1. In the economic order quantity (EOQ) model the following two sets of costs are considered:
  2. Inventory holding costs and order processing costs
  3. Inventory holding costs and costs associated with inventory in transit
  4. Order processing costs and sourcing costs

 

  1. Inventory turnover is the ratio of:
  2. value of average inventory held throughout the year divided by cost of all goods sold in a year
  3. cost of all goods sold in a year divided by value of average inventory held throughout the year
  4. value of average inventory held throughout the year divided by value of all RDCEOQgoods sold in a year

 

  1. A JIT system is likely to be charcaterised by:
    1. frequent orders of small quantities
    2. less frequent orders of large quantities

 

  1. Cross docking is:
  1. A process that bypasses storage
  2. A process that reduces materials handling
  3. A process that improves product quality

 

  1. Which of these is the cause of the Houlihan Effect?
  1. Non-zero lead times and demand signal processing
  2. Order batching
  3. Rationing and gaming

 

  1. Materials requirements planning (MRP) systems are used to:
  1. Plan and control orders with dependent demand
  2. Plan and control orders with independent demand
  3. Forecast demand

 

  1. Which of these is not an information task performed by warehouse management systems (WMS)?
  1. Cycle counting
  2. Purchase order generation
  3. Pick accuracy confirmation

 

  1. Socio-technical systems (STS) theory considers four elements of an operation. Which is not one of these elements?
  1. Structure
  2. People
  3. Materials

 

  1. Dedicated warehouses to service internet shopping are known as:
  1. Bright stores
  2. Dark stores
  3. Restores

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