MCQOPTIONS
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MCQOPTIONS
This section includes 143 Mcqs, each offering curated multiple-choice questions to sharpen your Uncategorized topics knowledge and support exam preparation. Choose a topic below to get started.
| 1. |
.includes design and administration of systems to control the flow of materials, WIP and finished inventory to support business unit strategy. |
| A. | Logistics Management |
| B. | Materials Management |
| C. | Bill of Materials |
| D. | Distribution Management |
| Answer» B. Materials Management | |
| 2. |
Which of the following is not an area to responsibilities for a logistics manager? |
| A. | Inventory |
| B. | Marketing |
| C. | Warehousing |
| D. | Purchasing |
| Answer» C. Warehousing | |
| 3. |
In Railway transportation the ownership in with . |
| A. | Manufacturer |
| B. | Third Party |
| C. | Buyer |
| D. | Government |
| Answer» E. | |
| 4. |
is the time that elapses between issuing replenishment order and receiving the material in stores. |
| A. | Replenishment time |
| B. | Lead time |
| C. | Idle time |
| D. | Replacement Time |
| Answer» C. Idle time | |
| 5. |
The first thing that the consumer will notice about the product is the . Of the product. |
| A. | Price |
| B. | Packaging |
| C. | Expiry date |
| D. | Bar code |
| Answer» C. Expiry date | |
| 6. |
..can move carton loads or pallet loads horizontally or vertically. |
| A. | Conveyor belts |
| B. | Cranes |
| C. | Elevators |
| D. | Forklift trucks |
| Answer» E. | |
| 7. |
A Supply chain process is viewed as |
| A. | Birds eye view |
| B. | Technical view |
| C. | strategic view |
| D. | cyclic and push/pull view |
| Answer» E. | |
| 8. |
.. concept is similar to the concept of unitization and has the similar objective of space reduction |
| A. | Logistical Packaging |
| B. | Cube Minimization |
| C. | Building block |
| D. | Palletizing |
| Answer» C. Building block | |
| 9. |
Supply chain is concerned with the |
| A. | flow of raw materials, WIP and finished products in the forward direction |
| B. | flow of information in both the directions |
| C. | flow of materials in the forward direction, cash in the reverse direction and information in both the directions |
| D. | flow of materials in the forward direction and that of cash in the reverse direction |
| Answer» D. flow of materials in the forward direction and that of cash in the reverse direction | |
| 10. |
Dell supply chain is characterized by |
| A. | Lean production systems |
| B. | Zero product variety |
| C. | Vertical integration |
| D. | Individual customization |
| Answer» E. | |
| 11. |
Ford supply chain is characterized by |
| A. | Increased product variety |
| B. | Loosely-held supplier networks |
| C. | Vertical integration |
| D. | Long-term relationship with the suppliers |
| Answer» D. Long-term relationship with the suppliers | |
| 12. |
The objective of performance measure is to achieve a |
| A. | Benchmark |
| B. | Perfect distribution |
| C. | Perfect order |
| D. | Goal |
| Answer» D. Goal | |
| 13. |
RO-RO concept means: |
| A. | Roll on Ride Off |
| B. | Ride on- Ride off |
| C. | Roll Off- Roll on |
| D. | Roll on- Roll off |
| Answer» E. | |
| 14. |
..refers to supply chain practices that strive to reduce energy and environmental footprints in terms of freight distribution. |
| A. | Inbound Logistics |
| B. | Green Logistics |
| C. | Outbound Logistics |
| D. | SCM |
| Answer» C. Outbound Logistics | |
| 15. |
..involves streamlining the distribution process in terms of physical and information efficiency. |
| A. | Technical Integration |
| B. | Channel Integration |
| C. | Channel Hierarchy |
| D. | Vertical Marketing System |
| Answer» C. Channel Hierarchy | |
| 16. |
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. | Scrutinizing |
| C. | Selling |
| D. | Purchasing |
| Answer» E. | |
| 17. |
Break-Bulk warehouse performs function. |
| A. | Warehousing |
| B. | Collecting |
| C. | Sorting |
| D. | Supply |
| Answer» D. Supply | |
| 18. |
is related with a single manufacturing location, not multiple manufacturing centres. |
| A. | Safety Stock |
| B. | EOQ |
| C. | ROL |
| D. | Decoupling |
| Answer» E. | |
| 19. |
..is the provision of service to customers before, during and after a purchase. |
| A. | Customer Service |
| B. | Product Management |
| C. | Purchase management |
| D. | Logistics Management |
| Answer» B. Product Management | |
| 20. |
The term .refers to any idle resources that can be put to some future use. |
| A. | Inventory |
| B. | Warehousing |
| C. | Logistics |
| D. | Procurement |
| Answer» B. Warehousing | |
| 21. |
Integration of business economics and strategic planning has given rise to ane area of study called . |
| A. | Micro Economics |
| B. | Corporate Economics |
| C. | Macro Economics |
| D. | Managerial Economics |
| Answer» C. Macro Economics | |
| 22. |
Managing predictable variability is |
| A. | managing the seasonal demand |
| B. | managing the change in demand that can be forecasted |
| C. | forecasted error ratio |
| D. | managing stock out situation |
| Answer» C. forecasted error ratio | |
| 23. |
Marketing logistics involves getting the right product to the right customer in the r ight place at the right time. Which one of the following is not included in this process? |
| A. | implementing the plan for the flow of goods and services |
| B. | planning the physical flow of goods and services |
| C. | gathering customer's ideas for new productsontrolling the physical flow of goods,services, and information |
| D. | none |
| Answer» D. none | |
| 24. |
From the economic system's point of view, the role of marke ting intermediaries is to transform the assortment of products made by producers into the assortment of products wanted by . channel members |
| A. | manufacturers |
| B. | marketers |
| C. | distributors |
| D. | consumers |
| Answer» E. | |
| 25. |
Factors affecting network design decisions |
| A. | strategic factor |
| B. | micro economic factor |
| C. | competitive factor |
| D. | all the above |
| Answer» E. | |
| 26. |
Intermediaries play an importan t role in matching . |
| A. | dealer with customer |
| B. | manufacturer to product |
| C. | information and promotion |
| D. | supply and demand |
| Answer» E. | |
| 27. |
To reduce inventory management costs, many companies use a system called , which involves carrying only small inventories of parts or merchandise, often only enough for a few days of operation. |
| A. | reduction |
| B. | inventory management |
| C. | supply chain management |
| D. | economic order quantity |
| Answer» C. supply chain management | |
| 28. |
Companies manage their supply chains through . |
| A. | information |
| B. | transportation modes |
| C. | competitors |
| D. | skilled operators |
| Answer» E. | |
| 29. |
World classic Supply chain Companies |
| A. | TOYOTA |
| B. | APPLE |
| C. | WALMART |
| D. | All the above |
| Answer» E. | |
| 30. |
Julie Newmar recognizes that her company needs to provide better customer service and trim distribution costs through team work, both inside the company and among all the marketing channel organizations. Julie will begin the practice of . |
| A. | intermediation |
| B. | customer relationship management |
| C. | integrated logistics management |
| D. | horizontal marketing syste m management |
| Answer» D. horizontal marketing syste m management | |
| 31. |
Today, a growing number of firms now outsource some or all of their logistics to . intermediaries |
| A. | competitors |
| B. | third - party logistics providers |
| C. | channel member |
| D. | ross - functiona l teams |
| Answer» E. | |
| 32. |
From the economic system's point of view, the role of marketing intermediaries is to transform the assortment of products made by producers into the assortment of products wanted by channel members. |
| A. | manufacturers |
| B. | marketers |
| C. | distributors |
| D. | consumers |
| Answer» D. consumers | |
| 33. |
According to Professor Mentzer and colleagues, the supply chain concept originated in what discipline? |
| A. | marketing |
| B. | operations |
| C. | logistics |
| D. | production |
| Answer» C. logistics | |
| 34. |
A encompasses all activities associated with the flow and transformation of goods from the raw material stage, through to the end user, as well as the associated information flows. |
| A. | production line |
| B. | supply chain |
| C. | marketing channel |
| D. | warehous |
| Answer» C. marketing channel | |
| 35. |
Cross docking is the major SC technique used by |
| A. | Flipkart |
| B. | Wall mart |
| C. | Dell |
| D. | Zara |
| Answer» C. Dell | |
| 36. |
Positive, long - term relationships between supply chain participants refer to: |
| A. | co - opetition |
| B. | tailored logistics |
| C. | partnerships |
| D. | supply chain management |
| Answer» E. | |
| 37. |
The method of payment where the exporter relies on the undertaking of a bank to pay is |
| A. | Bank guarantee. |
| B. | Letter of credit. |
| C. | Letter of comfort. |
| D. | None of the above. |
| Answer» E. | |
| 38. |
Cooperative supply chain relationships developed to enhance the overall business performance of both parties is a definition of: |
| A. | third - party logistics |
| B. | supply chain collabor ation |
| C. | dovetailing |
| D. | relationship marketing |
| Answer» C. dovetailing | |
| 39. |
What is a perfect order? |
| A. | simultaneous achievement of relevant customer metrics |
| B. | an order that arrives on time |
| C. | an order that arrives undamaged |
| D. | an order that is e asy for the receiver to fill |
| Answer» B. an order that arrives on time | |
| 40. |
The beneficiary under a letter of credit is |
| A. | The bank opening the credit. |
| B. | The customer of the opening bank. |
| C. | The confirming bank. |
| D. | The exporter. |
| Answer» E. | |
| 41. |
The warehouses located near the port is |
| A. | Field warehouse. |
| B. | Buffer storage warehouse. |
| C. | Bonded warehouse. |
| D. | Export and import warehouse. |
| Answer» E. | |
| 42. |
Under an acceptance letter of credit, the responsibility of the issuing bank is |
| A. | Only to accept the bill. |
| B. | To pay against the bill. |
| C. | To accept the bill immediately and also to pay the amount of the bill on its due date. |
| D. | To get the acceptance of the importer on the bill. |
| Answer» D. To get the acceptance of the importer on the bill. | |
| 43. |
Intermediaries play an important role in matching .. |
| A. | product to tegion |
| B. | demand & supply |
| C. | information & promotion |
| D. | dealer with customer |
| Answer» C. information & promotion | |
| 44. |
In the automotive industry, the person who is responsible for translating customer requirements into actual orders and arranges delivery dates is the car maker: |
| A. | supply manager |
| B. | purchasing manager |
| C. | supply chain manager |
| D. | production manager |
| Answer» D. production manager | |
| 45. |
When a letter of credit does not indicate whether it is revocable or irrevocable, it is treated as |
| A. | Revocable. |
| B. | Irrevocable. |
| C. | Revocable or irrevocable in the option of the beneficiary. |
| D. | Revocable or irrevocable in the option of the negotiating bank. |
| Answer» C. Revocable or irrevocable in the option of the beneficiary. | |
| 46. |
It is estimated that the logistics costs of a new car are about: |
| A. | 10-20% |
| B. | 25-30% |
| C. | 20-25% |
| D. | 30-40% |
| Answer» C. 20-25% | |
| 47. |
An appropriate strategy to maximise efficiency of promotions is: |
| A. | revision of organisation processes supported by information systems |
| B. | integrate this activity is integrated into all supply chain planning |
| C. | efficient replacement |
| D. | efficient store assortments |
| Answer» C. efficient replacement | |
| 48. |
An appropriate strategy to optimise the productivity of retail space and inventory is: |
| A. | integrate this activity is integrated into all supply chain planning |
| B. | efficient store assortments |
| C. | revision of organisation processes supported by information systems |
| D. | efficient replacement |
| Answer» C. revision of organisation processes supported by information systems | |
| 49. |
An appropriate strategy to optimise for time and cost in the ordering process is: |
| A. | efficient store assortments |
| B. | revision of organisation processes supported by information systems |
| C. | efficient replacement |
| D. | integrate this activity is integrated into all supply chain planning |
| Answer» D. integrate this activity is integrated into all supply chain planning | |
| 50. |
analysis relates to what processes, activities, and decisions actually create costs in your supply chain. |
| A. | Cost driver |
| B. | Value proposition |
| C. | Cost reduction |
| D. | Target costing |
| Answer» B. Value proposition | |