Please answer all 14 multiple choice questions.

SLO-1.1 There has been increased recognition of logistics because of

a. Reduced imports.

b. The value of inventory and the need to optimize it.

c. Increased labor costs.

d. All of the above.

e. None of the above.

NEWSLO-1.2 The best value inventory can have is

a. To be in transit to the store.

b. To be turned into cash.

c. Dependent upon the stock market.

d. All of the above.

e. None of the above.

NEWSLO-1.3 In an effective supply chain management system, it is important to have

a. The optimal amount of inventory to effectively serve customers.

b. The optimal amount of inventory to provide maximum profitability.

c. The optimal amount of inventory to reduce inventory carrying costs.

d. All of the above.

e. None of the above.

SLO-2. Recognize tradeoffs in inventory-driven customer service.

NEWSLO 2.1 A main problem with too much inventory is

a. Poor customer service.

b. Difficulty in managing it.

c. Higher than optimal inventory carrying costs.

d. Negative customer perception.

e. None of the above.

NEWSLO-2.2 Inventory carrying costs include

a. Housing inventory.

b. Security of inventory.

c. Taxes and insurance on inventory.

d. Risk of obsolescence of inventory.

e. All of the above.

SCM 4353 SLO-3 Be able to calculate inventory economic ordering quantity.

NEWSLO-3.1 ABC Corporation has steady demand of the product it sells. Therefore it uses only the economic ordering quantity (EOQ). to determine inventory size. Determine its EOQ if Order cost is $25 Annual demand is 100,000 units Average inventory carrying cost is 30 percent Average value of one unit is $100

A. About 100 units.

B. About 213 units.

C. About 408 units

D. About 560 units.

E. Cannot be calculated given above data.

NEWSLO-3.2 DEF Corporation has steady demand of the product it sells. Therefore it uses only the economic ordering quantity (EOQ) to determine inventory size. Determine its EOQ if Order cost is $200 Annual demand is 600,000 units Average inventory carrying cost is 32 percent Average value of one unit is $1,500

a. About 122 units.

b. About 707 units.

c. About 926 units

d. About 1,121 units.

e. Cannot be calculated given above data.

SCM 4353 SLO-4 Recognize roles of different forms of transportation in the supply chain.

NEWSLO-4 .1 The primary advantage for motor carriers is _______________.

a. Reliability.

b. Speed.

c. Capability.

d. Flexibility.

e. None of the above.

NEWSLO-4 .2 Why do railroad trains get such good fuel mileage?

a. The combination of diesel power with electric transmissions.

b. The advantage of the rear of a train running downhill while the front of the train is going uphill.

c. Slack action.

d. Minimal friction of steel wheels on steel rails.

e. Land bridges.

SCM 4353 SLO-5 Understand basic roles of materials handling and warehousing.

NEWSLO-5.1 A key word in the definition of warehousing is ___________________

a. Distribution.

b. Processes.

c. Storing.

d. Dissemination.

e. Transportation.

NEWSLO-5.2 Which of the following are warehoused?

a. Raw materials.

b. Parts.

c. Goods-in-process.

d. All of the above.

e. None of the above.

NEWSLO-5.3 The basic unit in unit loading is:

a. A box.

b. A crate.

c. A pallet.

d. A container.

e. None of the above.

NEWSLO-5.4 Moving goods from one vehicle through a warehouse and immediately, or almost immediately onto another vehicle is called

a. Picking.

b. Cross-docking.

c. Staging.

d. Loading.

e. Receiving and putting away.

NEWSLO-5.5 For which of the following do warehouses provide savings through economies of scale?

a. Production and transportation.

b. Inventory carrying costs.

c. Information technology

d. Accounting.

e. None of the above.