Logistic MCQ
Logistic MCQ
Logistic MCQ
D. All
4. Logistic is the part of a supply chain involved with the forward and reverse flow
of
A. goods
B. services
C. cash
D. all of the above.
5. Reverse logistic is required because
Defective
Unsold
Customer changed mind
D. ALL of bove
8. If customers perceive that price of product is greater than the value it provides to
customer then the customer
A. would get free products
B. would get discount
C. would buy product
D. would not buy product.
9. If the company provides products or services less than its cost then the company
will
A get more loss
B. get more profits.
C get more discounts
D. both a and b
11. In the product life cycle, the emphasis in marketing mis during growth stage is
A. Distribution
B. Promotion
C. Price
D. Cost reduction.
15. Inbound and outbound logistics is _______ in the generic value chain of
logistics
A. a support activity
B. primary activity.
C not an activity
D. the only activity
22. Which of the following is not an area of responsibility for a logistics manager?
A. inventory
B marketing
C. warehousing
D. purchasing
23. To reduce inventory management costs, many companies use a system called....
which involves carrying only small inventories of parts or merchandion, often only
enough for a few days of operation.
A reduction
B. Inventory management
C supply chain management
D. economic order quantity
25 The warehousing function that combines the logistical flow of several small
shipments to a specific market area is
A. Break bulk function
B. Operational function.
C. Stockpiling function
D. Consolidation function
Logistics is that part of supply chain process that plans, implements and
controls the efficient, effective flow and storage of goods, services and related
information from the point of origin to the point of consumption in order to meet
customer's requirements.
A. Systems
B. Activities
C. Business
D Management
The goal of the total cost concept is to..... the total cost of logistics activities rather
focusing each activities isolation
A. Rise up
B. Increase
C. Make small
D Reduce
Customer service is a process for providing significant benefits to the supply chain
in cost effective way
A.value added
B. sale
C revenue
D. turnover
supply and demand may make it necessary for a firm to hold inventory
A. Balancing
B. Seasonal
C. Different
D. Competitive
Cycle inventory is inventory that result from the replenishment process in order to
meet the.....under conditions of certainty
A. Supply
B. requirements
C. demand
D. customer service
Speculative stock is inventory held for..... other than satisfying current demand
A. reasons
B. profit
C. balance
D. demand
Bonded warehouses would undertake surety bonds from customs and place their
premises under the custody of an agent The advantage of the bonded warehouses
are that....and exercise taxes not be paid until the merchandize is sold
A. import duties
B. export duties
C. import and export duties
D. VAT duties
Order Cycle time include....., order entry, order processing order picking and
packing and delivery
A. order communication
B. order input
C. order placing
D. order cycle
Density refer to product's... to-volume ratio ex: steel canned foodspaper goods..)
A. Gross weight
B.net weight
C. Kilo
D. weight
......... includes design and administration of system to control the flow of material,
WIP and finishes inventory to support business unit strategy
A. Logistics management
B.Material management
C. Bill of materials
D.Inventory management
Is the time that elapses between issuing replenishment order and receiving the
material in stores
A. Replenishment time
B. Lead-time
C. Real time
D.Order cycle time
Is the task of buying goods of right quality in the right quantities, at the right time
and at the right price
A.Supplying
B. Purchasing
C. Customer service
D. transportation
..........is the provision of service to customers before during and after a purchase
A. Customer service
B. Product management
C. Purchase management
D. None of the above
Many organizations hold safety stocks as part of their inventory. Which of the
following is a reason for holding safety stocks?
A. To improve stack holding levels
B. To improve stock accuracy levels
C. To cater for demand forecast errors.
D. To cater for a large storage capacity
When using the 'ABC approach to stock categorization Which of the following
describes class C' items?
A. High value, high risk
B. High value, low risk
C. Low value, high risk
D. Low value, low risk.
….....refers to the raw materials, component parts and supplies bought from outside
organizations to support a company's operations.
A. Inbound logistics
B. Procurement.
C. Materials management
D. Supply management