Question 1

Which of the following is not included in the logistic costs?
A)Storage of material and waste
B)External and internal transport
C)Storage of semi-finished products
D)None of these

Accepted Answer

All the options listed (A, B, C) are components of logistic costs, hence none of them is an exception.

Question 2

Which cost element is included in inventory holding?
A)Service cost
B)Risk cost
C)Storage cost
D)All of these

Accepted Answer

Inventory holding costs include service costs, risk costs, and storage costs, encompassing all expenses related to keeping inventory on hand.

Question 3

Which of the following is considered as fixed cost for supply chain costing?
A)Driver salary
B)Depreciation of vehicle
C)Warehouse building property tax
D)All of these

Accepted Answer

Fixed costs are expenses that do not change with the level of output, including driver salaries (assuming they are salaried and not paid per delivery), depreciation of vehicles, and property taxes on a warehouse building.

Question 4

Which of the following is not included in logistics costs?
A)Storage of material and waste
B)External and internal transport
C)Storage of semi-finished products
D)None of these

Accepted Answer

All the options listed (A, B, C) are components of logistics costs, hence none of these options is excluded from logistics costs. Logistics costs encompass a wide range of activities including storage, transportation, and handling of materials at various stages of the supply chain.

Question 5

What refers to the distance to and from a delivery zone?
A)Drop distance
B)Stem distance
C)Petal distance
D)None of these

Accepted Answer

Stem distance refers to the distance a delivery vehicle travels to reach the delivery zone from its starting point and back. It's a term used in logistics and supply chain management to optimize routes and reduce transportation costs.

Question 6

Which logistics net work modeling technique, is often referred to a "rule of thumb"?
A)Optimization modeling
B)Simulation models
C)Heuristic model
D)None of these

Accepted Answer

Heuristic models are often referred to as "rule of thumb" because they use practical methods derived from experience rather than strict mathematical or logical analysis to solve complex problems.

Question 7

Which of the following document is a contract between the owner of goods and carrier (as with domestic shipments)?
A)Consular invoice
B)Commercial invoice
C)Certificate of value
D)Bill of lading

Accepted Answer

The Bill of Lading acts as a contract between the owner of the goods and the carrier, detailing the type, quantity, and destination of the goods being carried.

Question 8

What is included in the product segmentation while undertaking supply chain segmentation?
A)Size
B)Temperature regime
C)Hazard
D)All of these

Accepted Answer

Product segmentation in supply chain management often includes various factors such as size, temperature regime, and hazard, as these elements significantly impact how products are handled, stored, and transported.

Question 9

Which phase of supply chain design process, decides on which market will be supplied from which locations?
A)Supply chain strategy
B)Supply chain planning
C)Supply chain operation
D)None of these

Accepted Answer

Supply chain planning involves decisions about which markets will be supplied from which locations, aligning supply and demand effectively.

Question 10

Which of the following is not a part of logistics?
A)Production scheduling
B)Replenishment
C)Procurement
D)Meandering

Accepted Answer

Meandering is not a part of logistics. Logistics involves the detailed organization and implementation of a complex operation, focusing on the movement and storage of goods, services, or information within a supply chain. Meandering, which refers to following a winding course or aimlessly wandering, does not fit into the structured and goal-oriented nature of logistics activities like production scheduling, replenishment, and procurement.

Question 11

Non destructive methods of inspecting and identify goods in transportation systems is called
A)Radiography
B)Cargo scanning
C)Produce inspection
D)Goods verification

Accepted Answer

Cargo scanning is the non-destructive method used to inspect and identify goods in transportation systems. It allows for the examination of the contents of containers and packages without opening them, ensuring security and compliance with regulations.

Question 12

The word 'logistics' is derived from the French word …………..
A)Logic
B)Loger
C)Longer
D)Logos

Accepted Answer

The word 'logistics' is derived from the French word 'loger', which means to lodge or to quarter, reflecting its military origins related to the movement and supply of troops.

Question 13

Logistics is typically considered as a subset of ……………
A)Marketing
B)Supply chain management
C)Human resource management
D)None of these

Accepted Answer

Logistics is typically considered a subset of supply chain management. It focuses on the movement and storage of goods and materials, which is a key component of the broader supply chain management discipline that encompasses procurement, production, distribution, and logistics.

Question 14

4PL stands for
A)Fourth Party Logistic Provider
B)Four Point Logistics Provider
C)Location Provider
D)None of these

Accepted Answer

4PL stands for Fourth Party Logistic Provider, which is a model where a firm outsources the organization and oversight of its supply chain to another company.

Question 15

Integrated logistics systems included
A)Materials management
B)Materials flow systems
C)Physical distribution supported by information technology
D)All of the above

Accepted Answer

The answer of Integrated logistics systems included
A)Materials management
B)Materials flow systems
C)Physical...

Question 16

…………..are the products that emerge when new products arrive to replace old products
A)Innovative products
B)Replacement products
C)Imitative products
D)All of these

Accepted Answer

Replacement products are specifically designed to replace older versions of the same product, offering improvements or updates.

Question 17

………… was the first kind of packaging Materials used in the history
A)Basket
B)Glass
C)Metal
D)None of these

Accepted Answer

Baskets were among the first types of packaging materials used by humans, primarily because they could be made from readily available natural materials like leaves, twigs, and branches.

Question 18

Which of the following is not an input into logistics
A)Land
B)Competitive advantage
C)Facilities
D)Equipment

Accepted Answer

Competitive advantage is not considered a direct input into logistics. Logistics primarily involves tangible inputs such as land, facilities, and equipment to manage the flow of goods and services. Competitive advantage is an outcome or goal that organizations strive to achieve through efficient logistics and other business strategies.

Question 19

…………. is referred as professional working in the field of logistics management?
A)Manager
B)Warehouse man
C)Logistician
D)None of these

Accepted Answer

A logistician is the professional specifically referred to in the context of logistics management. They are responsible for analyzing and coordinating an organization's supply chain—the system that moves a product from supplier to consumer.

Question 20

What is the primary objective for material management?
A)Efficient materials planning
B)Maintaining good supplier and customer relationship
C)Supply and distribution of materials
D)All of these

Accepted Answer

The primary objective of material management encompasses efficient materials planning, maintaining good supplier and customer relationships, and ensuring the effective supply and distribution of materials. All these aspects are crucial for the smooth operation and success of material management.

Quiz 2: Supply Chain Management: Logistics Costs, Segmentation, and Strategies

Which of the following is not included in the logistic costs?

Which cost element is included in inventory holding?

Which of the following is considered as fixed cost for supply chain costing?

Which of the following is not included in logistics costs?

What refers to the distance to and from a delivery zone?

Which logistics net work modeling technique, is often referred to a "rule of thumb"?

Which of the following document is a contract between the owner of goods and carrier (as with domestic shipments) ?

What is included in the product segmentation while undertaking supply chain segmentation?

Which phase of supply chain design process, decides on which market will be supplied from which locations?

Which of the following is not a part of logistics?

Non destructive methods of inspecting and identify goods in transportation systems is called

The word 'logistics' is derived from the French word …………..

Logistics is typically considered as a subset of ……………

4PL stands for

Integrated logistics systems included

…………..are the products that emerge when new products arrive to replace old products

………… was the first kind of packaging Materials used in the history

Which of the following is not an input into logistics

…………. is referred as professional working in the field of logistics management?

What is the primary objective for material management?