Question 1

All of the following are business trends currently having a strong influence on the job of the supply chain manager EXCEPT:

Accepted Answer

A)   bar coding and radio frequency technology.
B)   the advancement of computer technology.
C)   the outsourcing of logistical functions.
D)   replenishment benchmarking.
E)   electronic distribution.

Question 2

_____ provides time utility to buyers and sellers and aids manufacturers in managing supply and demand.

Accepted Answer

A)   Containerization
B)   Distribution
C)   Storage
D)   Direct sourcing
E)   Channelization

Question 3

Another name for outsourcing is contract logistics.

Accepted Answer

A) True 
 B)False

Question 4

Water transportation is by far the most expensive mode of transportation,but it is also the most reliable.

Accepted Answer

A) True 
 B)False

Question 5

The six criteria important in selecting a transportation mode are relative cost,transit time,reliability,capability,accessibility,and traceability.

Accepted Answer

A) True 
 B)False

Question 6

Supplier integration occurs when multiple firms in a supply chain coordinate their activities and processes so that they are seamlessly linked to one another in an effort to satisfy the customer.

Accepted Answer

A) True 
 B)False

Question 7

Both air transportation costs and traceability are high when compared with any other transportation mode.

Accepted Answer

A) True 
 B)False

Question 8

Which of the following describes a disadvantage associated with water transportation?

Accepted Answer

A)   Cannot be used for international trade
B)   High cost
C)   Capability
D)   Lack of speed
E)   Product weight restrictions

Question 9

The mode of transportation that provides the most accessibility is:

Accepted Answer

A)   pipelines
B)   air freight
C)   truck freight
D)   water transport
E)   railroad

Question 10

Which of the following is a key principle of supply chain management that means multiple firms working together to perform tasks as a single unified system rather than as several individual companies acting in isolation?

Accepted Answer

A)   Pareto principle
B)   80/20 principle
C)   Systems approach
D)   Win-win approach
E)   Integrative approach

Question 11

A firm that provides functional logistics services to others is called a(n) :

Accepted Answer

A)   third-party logistics firm (3PL) 
B)   intermediate distributor
C)   industrial distributor
D)   merchant wholesaler
E)   ABC firm

Question 12

The connected chain of all of the business entities,both internal and external to the company,that perform or support the logistics function is known as the:

Accepted Answer

A)   channel of distribution.
B)   intermediary link.
C)   physical distribution integration.
D)   reseller network.
E)   supply chain.

Exam 25: Supply Chain Management

Water transportation is by far the most expensive mode of transportation,but it is also the most reliable.

Correct Answer
verified

Which of the following is a key principle of supply chain management that means multiple firms working together to perform tasks as a single unified system rather than as several individual companies acting in isolation?

Correct Answer
verified

The six criteria important in selecting a transportation mode are relative cost,transit time,reliability,capability,accessibility,and traceability.

Correct Answer
verified

Which of the following describes a disadvantage associated with water transportation?

Correct Answer
verified

_____ provides time utility to buyers and sellers and aids manufacturers in managing supply and demand.

Correct Answer
verified

Both air transportation costs and traceability are high when compared with any other transportation mode.

Correct Answer
verified

Another name for outsourcing is contract logistics.

Correct Answer
verified

All of the following are business trends currently having a strong influence on the job of the supply chain manager EXCEPT:

Correct Answer
verified

The connected chain of all of the business entities,both internal and external to the company,that perform or support the logistics function is known as the:

Correct Answer
verified

Supplier integration occurs when multiple firms in a supply chain coordinate their activities and processes so that they are seamlessly linked to one another in an effort to satisfy the customer.

Correct Answer
verified

The mode of transportation that provides the most accessibility is:

Correct Answer
verified

A firm that provides functional logistics services to others is called a(n) :

Correct Answer
verified

Exam 25: Supply Chain Management

Water transportation is by far the most expensive mode of transportation,but it is also the most reliable.

Correct AnswerverifiedShow Answer

Which of the following is a key principle of supply chain management that means multiple firms working together to perform tasks as a single unified system rather than as several individual companies acting in isolation?

Correct AnswerverifiedShow Answer

The six criteria important in selecting a transportation mode are relative cost,transit time,reliability,capability,accessibility,and traceability.

Correct AnswerverifiedShow Answer

Which of the following describes a disadvantage associated with water transportation?

Correct AnswerverifiedShow Answer

_____ provides time utility to buyers and sellers and aids manufacturers in managing supply and demand.

Correct AnswerverifiedShow Answer

Both air transportation costs and traceability are high when compared with any other transportation mode.

Correct AnswerverifiedShow Answer

Another name for outsourcing is contract logistics.

Correct AnswerverifiedShow Answer

All of the following are business trends currently having a strong influence on the job of the supply chain manager EXCEPT:

Correct AnswerverifiedShow Answer

The connected chain of all of the business entities,both internal and external to the company,that perform or support the logistics function is known as the:

Correct AnswerverifiedShow Answer

Supplier integration occurs when multiple firms in a supply chain coordinate their activities and processes so that they are seamlessly linked to one another in an effort to satisfy the customer.

Correct AnswerverifiedShow Answer

The mode of transportation that provides the most accessibility is:

Correct AnswerverifiedShow Answer

A firm that provides functional logistics services to others is called a(n) :

Correct AnswerverifiedShow Answer

Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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