当代物流学习题2.docx

当代物流学习题2.docx

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当代物流学习题2

PARTIII

EXAMINATIONQUESTIONS

CHAPTER1:

LOGISTICSANDTHESUPPLYCHAIN

MultipleChoiceQuestions

1.LogisticsasapercentageofU.S.GrossDomesticProductisapproximately（within2%）:

a.5%

b.10%

c.15%

d.20%

e.noneoftheabove

（b;p.4）

2.Logisticsclearlycontributesto___________and___________utility.

a.time;place

b.form;time

c.place;form

d.possession;time

e.noneoftheabove

（a;p.4）

3.___________utilityreferstothevalueorusefulnessthatcomesfromacustomerbeingabletotakepossessionofaproduct.

a.time

b.place

c.form

d.possession

（d;p.4）

4.___________utilityreferstohavingproductsavailablewheretheyareneededbycustomers.

a.possession

b.time

c.place

d.form

（c;p.5）

5.

Allofthefollowingtermshavebeenusedtorefertobusinesslogisticsexcept:

a.businesslogistics

b.industrialdistribution

c.logisticsmanagement

d.physicaldistribution

e.alloftheabovearecorrect

（e;p.5）

6.“Howwellacompanydoeswhatitsaysit’sgoingtodo”represents___________.

a.efficiency

b.productivity

c.leadingedgelogistics

d.effectiveness

（d;p.6）

7.Everycustomergettingthesametypeandlevelsoflogisticsrefersto___________.

a.tailoredlogistics

b.masslogistics

c.effectiveness

d.efficiency

（b;p.7）

8.Whichofthefollowingisnotareasonfortheincreasedimportanceoflogistics?

a.growingpowerofmanufacturers

b.reductionineconomicregulation

c.globalizationoftrade

d.technologicaladvances

（a;pp.8–10）

9.Whatlogistics“outsider”developedtheconceptofthevaluechain?

a.DonaldBowersox

b.GusPagonis

c.MichaelPorter

d.MichaelHammer

（c;p.8）

10.

The___________approachindicatesthatacompany’sobjectivescanberealizedbyrecognizingthemutualinterdependenceofmajorfunctionalareas.

a.supplychain

b.systems

c.interfunctionality

d.totalcost

（b;p.10）

11.Themovementandstorageofmaterialsintoafirmrefersto:

a.physicaldistribution

b.materialsmanagement

c.materialshandling

d.inboundlogistics

（d;p.10）

12.Themovementandstorageofmaterialswithinafirmrefersto:

a.physicaldistribution

b.inboundlogistics

c.materialsmanagement

d.procurement

（c;p.10）

13.Logisticsmanagersusethe___________approachtocoordinateinboundlogistics,materialsmanagement,andphysicaldistributioninacostefficientmanner.

a.totalcost

b.supplychain

c.masslogistics

d.interfunctional

（a;p.11）

14.Acosttrade-offisasituationwhere:

a.allcostsreactaccordingtotheirindividualdegreesofinflationintheeconomy

b.allcostsarereflectedasapercentagevariationfromstandardcosts

c.somecostsincrease,somedecrease,andtheneteffectisthattotalcostsdecrease

d.somecostsareeliminatedbyefficientmanagementcontrols

（c;p.13）

15.

Thecashflowassociatedwithholdinginventoryisknownasinventory___________.

a.turnover

b.valuation

c.stock

d.float

（d;p.14）

16.__________referstoonelocationwherecustomerscanpurchaseproductsfromtwoormorebrand-nameretailers.

a.intensivedistribution

b.co-branding

c.co-generation

d.selectivedistribution

（b;p.14）

17.Phantomfreightrefersto:

a.payingmorefortransportationthantheactualcost

b.lateshipments

c.shipmentsacceptedbynon-certifiedcarriers

d.freightthat“disappears”intransit

（a;pp.15–16）

18.Freightabsorptionrefersto:

a.aspecialratetocoverincreasingfuelcosts

b.ratesthatarehigherthanothercarrierscharge

c.theabilityofcardboardtoabsorbmoisture

d.transportationpaymentslowerthantheactualcostsincurredtoshiptheproduct

（d;p.16）

19.Landedcostsreferto:

a.aproductthatisshippedviasurfacetransport

b.aproductthatisquotedcostondelivery（COD）

c.aprepaidshipment

d.apricethatincludesboththecostoftheproductplustransportationtothebuyer

（d;p.15）

20.

___________istheexcessfreightbillpaidbycustomerswholiveneartheshippingpoint.

a.freightabsorption

b.deliveredprice

c.phantomfreight

d.landedprice

（c;p.15）

21.InFOBoriginpricing,allofthefollowingaretrueexcept:

a.pricesquoteddonotincludetransportationtotheconsignee

b.marketerscanadoptuniformpricesonaregionalornationalbasis

c.consigneesmustarrangeforthetransportationofthepurchasedproduct

d.theselleralwaysreceivesthesamenetfromeachsale

（b;p.15）

22.___________referstoasituationwheretheapplicablechargesarepaidatthetimeashipmentistenderedtoacarrier.

a.freightprepaid

b.freightabsorption

c.phantomfreight

d.FOBorigin

（a;p.16）

23.___________referstochargesbeingpaidatthetimeofshipmentdelivery.

a.freightabsorption

b.freightyield

c.freightcollect

d.FOBdestination

（c;p.16）

24.Thefourbasiccomponentsofthemarketingmixincludeallofthefollowingexcept:

a.price

b.production

c.product

d.place

（b;p.14）

25.

Themostcommoninterfacebetweenproductionandlogisticsgenerallyinvolves:

a.theuseofplasticversuswoodpallets

b.themodeoftransportation

c.shipmentpricing

d.thelengthofproductionruns

（d;p.18）

26.___________referstothedelayofvalue-addedactivitiessuchasassembly,production,andpackagingtothelatestpossibletime.

a.buildingblocks

b.deferral

c.demurrage

d.postponement

（d;p.19）

27.Theownershipchannelconsistsofallpartiesexcept:

a.customers

b.manufacturers

c.wholesalers

d.retailers

（a;p.19）

28.The____________channelhandlesthephysicalflowofproduct.

a.ownership

b.negotiations

c.logistics

d.promotions

（c;p.19）

29.Whichchannelcoversthemovementoftitletothegoods?

a.promotions

b.logistics

c.finance

d.ownership

（d;p.21）

30.

Whichofthefollowingisnotpartofthemarketingchannel?

a.thelogisticschannel

b.thenegotiationschannel

c.thepromotionchannel

d.thefinancechannel

e.allarepartofthemarketingchannel

（e;p.19）

31.Channelintermediaries:

a.assumetemporaryownershipofthegoods

b.fillniches

c.disappearasthemarketbecomesorganized

d.tendtolackfocus

（b;p.24）

32.Intermediariesinthemarketingchannelperformallofthefollowingfunctionsexcept:

a.supplyinformation

b.matchbuyersandsellers

c.assumetemporaryownershipofthegoods

d.developandfillniches

（c;pp.23–24）

33.Themostcostlylogisticsactivityinmanyfirmsis____________.

a.industrialpackaging

b.warehousingmanagement

c.ordermanagement

d.transportationmanagement

（d;p.27）

34.____________isbringingtogethersimilarstocksfromdifferentsources.

a.accumulating

b.assorting

c.auditing

d.allocating

（a;p.23）

35.

____________referstobreakingahomogenoussupplyintosmallerlots.

a.sortingout

b.allocating

c.accumulating

d.assorting

（b;p.23）

True-FalseQuestions

1.AbsoluteandrelativelogisticscostsinrelationtoGrossDomesticProductvaryfromcountrytocountry.（True;p.4）

2.Logisticsclearlycontributestotimeandformutility.（False;p.4）

3.Thecurrentdefinitionoflogistics,aspromulgatedbytheCouncilofLogisticsManagement,suggeststhatlogisticsispartofthesupplychainprocess.（True;p.6）

4.Thepurposeoflogisticsistomaximizecustomer.（False;p.7）

5.Logisticalprinciplesapplyonlytofor-profitorganizations.（False;p.7）

6.Twoofthefiveprimaryactivitiesinthevaluechainareinboundlogisticsandoutboundlogistics.（True;pp.8–9）

7.Thekeyaspectofthetotalcostapproachistomaximizecustomersatisfaction.（False;p.13）

8.TheInternethasdonelittletoimprovelogisticaleffectivenessandefficiency.（False;p.9）

9.Stock-keepingunits（SKUs）arethesameaslineitemsofinventory.（True;p.10）

10.Inboundlogisticsreferstothemovementandstorageofmaterialsintoafirm.（True;p.10）

11.Inboundlogisticsissynonymouswithmaterialsmanagement.（False;p.10）

12.Interfunctionallogisticsattemptstocoordinateinboundlogistics,materialsmanagement,andphysicaldistributioninacostefficientmannerthatsupportsanorganization’scustomerobjectives.（False;p.10）

13.Commonsenseisoneofthekeystobeinganeffectivelogisticsmanager.（True;p.11）

14.Thekeytothetotalcostapproachisthatallrelevantcostitemsareconsideredsimultaneouslywhenmakingadecision.（True;p.13）

15.Logisticsoffersmanycompaniesanimportantrouteforcreatingmarketingsuperiority.（True;p.14）

16.Co-brandingisaretailingstrategythatisassociatedwithplacedecisions.（True;p.14）

17.Asageneralrule,marketerspreferFOBoriginpricingratherthanFOBdestinationpricing.（False;pp.15–16）

18.PhantomfreightandfreightabsorptionareassociatedwithFOBoriginpricing.（False;pp.15–16）

19.Itisbetterforalogisticsmanagertobeageneralistratherthanaspecialist.（False;p.27）

20.Stockoutsrefertoasituationwhereacompanyisoutofanitematthesametimethatthereisdemandforthatitem.（True;p.18）

21.Longproductionrunssometimesresultinexcessiveinventoryofproductswithlimiteddemandforthem.（True;p.18）

22.Intermediariesassumeownershipofgoodswhilethey’reinthemarketingchannel.（False;p.24）

23.Channelmembersareusuallymoreconcernedaboutsellers’needsthanwithbuyers’needs.（False;p.20）

24.Thenegotiationschannelistheonewherebuyandsellagreementsarereached.（True;p.21）

25.Thereisnolinkagebetweenthepromotionsandlogisticschannel.（False;pp.22–23）

26.Themostsignificantcontributionthatthelogisticschannelmakestotheoverallchannelprocessisthesortingfunction.（True;p.23）

27.Thesortingfunctionhasfoursteps.（True;p.23）

28.Thesortingfunctiontakesplacebetweenretailersandtheconsumer.（False;p.23）

29.Abrokerisatypeofintermediaryoftenassociatedwiththenegotiationschannel.（True;p