T/F Questions: 1. Transportation costs can affect the natural boundaries of a products market. True False 2.
Question:
T/F Questions:
1. Transportation costs can affect the natural boundaries of a product’s market.
True
False
2. Packaging is primarily designed for material protection during shipping operations.
True
False
3. The rise of information technology has had no effect on global logistics.
True
False
4. Information and data are the same thing.
True
False
5. Production managers like long runs on producing goods.
True
False
6. Von Thunen’s city-state theory stated that the value of goods marketed decreases in accordance with their distance from city markets.
True
False
7. Effective logistics management always drives every element towards optimizing its individual operational costs.
True
False
8. “Make to stock” is not a production concept.
True
False
9. Six Sigma is not a valid quality control management system
True
False
10. Reverse Flow management is becoming recognized as a valuable profit stream.
True
False
Multiple Choice questions: 2 points each
1. Several types of functions are associated with warehousing. Which of the below is NOT?
a. Receiving
b. Cross docking
c. Kitting
d. Data storage
2. Distribution operations would normally encompass which of the following resources:
a. Warehouses, transportation
b. Production, reverse flows
c. Marketing, international law
d. Rate making, IT development
3. Weber’s Material Index can relate to which of the following:
a. Inventory management and distribution
b. Location of industry to raw materials
c. Marketing and finances
d. Reverse flows and recycling
4. Information technology systems involves which of the following components:
a. Hardware, software, interfaces, data
b. Technicians, managers, analysts, metrics
c. Logistics, production, human resources, marketing
d. Inputs, processing, output, feedback
5. Stockouts would NOT normally involve which type of cost?
a. Loss of customer
b. Accumulation of inventory
c. Loss of sale
d. Backorder actions
Short Answer questions: 5 points each
1. Warehouses have been described as market extenders through enhancement of transportation. Describe how this can be true.
2. Explain shortly when one would use a push system and when one would use a pull system.
3. Explain how Value Pricing in transportation can help both carriers and shippers
4. List, shortly, the steps involved with managing sourcing and procurement processes
5. Why does a transporter think in terms of keeping equipment moving?
Differential Equations and Linear Algebra
ISBN: 978-0131860612
2nd edition
Authors: Jerry Farlow, James E. Hall, Jean Marie McDill, Beverly H. West