1、C. Weekly output per component D. Weekly output per end item 205. The correct answer is B. Pipeline inventory is stock kept on hand to fill orders while the next lot is in transit. It is also known as transportation inventory. Inventory held to cover transit time is called which of the following?A.
2、Work-in-process inventory B. Pipeline inventory C. Fluctuation inventory D. Anticipatory inventory 206. The correct answer is B. Risk pooling is a means of reducing the risk of stockouts by consolidating inventory in a central warehouse. With a larger store of goods in the central warehouse, even th
3、e largest, unexpected order will have less chance of exhausting the inventory, as it might in a smaller warehouse. With fewer facilities adding safety stock to their orders (plus the lower stockout risk), the total amount of inventory can be reduced, and less inventory means lower holding and handli
4、ng expenses. Lead times may go up, however, for deliveries made to customers that are more distant from the central warehouse than from the smaller facilities it replaced. Which of the following may increase as a tradeoff when a logistics chain institutes risk pooling by moving inventory from severa
5、l smaller warehouses to a larger central storage facility?A. Inventory handling costs B. Delivery lead times C. Number of stockouts D. Total amount of inventory held at one time207. The correct answer is D. Retail trade is forbidden inside a foreign trade zone. All the other activities are specifica
6、lly permitted. Which one of the following is not allowed in a foreign trade zone?A. Repackaging or otherwise altering cargo to remedy potential customs violations B. Storing goods tax-free for an indefinite period of time C. Performing break-bulk operations to reduce import duties owed D. Retail tra
7、de 208. The correct answer is D. The routing and work center files contain all the times necessary to calculate the total lead time. Lead time can be determined from the information in which of the following?A. Work center file B. Routing file C. Open order file D. Both a and b 209. The correct answ
8、er is C. The public builds and maintains the infrastructure used by trucks, so they have low fixed costs. But they have relatively high variable costs for operation and maintenance. Which of the following correctly identifies the cost structure of trucking?A. Low fixed costs, low variable costs B. H
9、igh fixed costs, low variable costs C. Low fixed costs, high variable costs D. High fixed costs, high variable costs 210. The correct answer is B. Historical analogy forecasts use demand data from one product to forecast demand for a different but similar product, such as a new product for which no
10、past data exist. Which of the following forecast methods predicts demand for one product by looking at data from a different product?A. Personal insight B. Historical analogy C. Visionary method D. Market research 211. The correct answer is D. Forecast data should include demand for all product opti
11、ons as well as total demand for the product. You want to know when items were in demand, not when they were shipped. Competitors product introductions are likely to affect your forecasts. Returns and cancellations should be subtracted from orders when calculating actual demand. Which one of the foll
12、owing represents a sound approach to tracking data to use in demand forecasting?A. Exclude cancellations and returns. B. Exclude consideration of competitors activities. C. Include data by ship date, not order date. D. Include all product options. 212. The correct answer is C. Incoterms were first i
13、ssued in 1936 by the International Chamber of Commerce, which has updated them several times since then to reflect the changing conditions of international trade. Which one of the following entities is responsible for issuing and updating Incoterms?A. World Trade Organization B. United Nations C. In
14、ternational Chamber of Commerce (ICC) D. U.S. Department of Commerce213. The correct answer is A. The three-month moving average forecast for May is 20.33, which is the average monthly demand for the months from February through April (17 + 22 + 22 = 61 / 3 = 20.33); the naive forecast is taken from
15、 the period preceding the forecast period, which in this case is 22, the actual demand for May. Note that the naive forecast (22) is more nearly accurate in this case, because it adjusts faster than the moving average. However, it could just as easily have been less accurate if demand had changed in a different direction or by a different amou
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