Test your basic knowledge |

Business Logistics Management

Subject : business-skills
Instructions:
  • Answer 50 questions in 15 minutes.
  • If you are not ready to take this test, you can study here.
  • Match each statement with the correct term.
  • Don't refresh. All questions and answers are randomly picked and ordered every time you load a test.

This is a study tool. The 3 wrong answers for each question are randomly chosen from answers to other questions. So, you might find at times the answers obvious, but you will see it re-enforces your understanding as you take the test each time.
1. Right: information - partner - quantity - format - time - place - cost

Warning: Invalid argument supplied for foreach() in /var/www/html/basicversity.com/show_quiz.php on line 183


2. The time that elapses from when a buyer places an order until receipt of the order






3. Providing time and place utility/value of materials and products in support of Functional management organization objectives.






4. Analyze and evaluate on organizations efficiency over a time period.






5. Random Variation - Trend - Seasonal Patterns - Normal Business Cycle






6. Enlightened - Educated - easy access to Internet






7. Customers trade partnership against terrorism






8. Represents an alternative that may imply even greater involvement than the partnership or strategic alliance






9. Real and recognized benefits to all members - Dynamic creation - measurement - and evolution of collaborative partnerships - Co-buyer and co-seller relationships - Flexibility and security - Collaboration across all stages of business process integ






10. Organizations require collaboration or cooperation.






11. Order Fill Rate - Perfect Order






12. Time Utility - Place Utility - Quantity Utility






13. Deregulation: Transportation - Communications - and Financial Institutions






14. Adding value to products by making them available when they're needed.






15. The most pervasive and important global shipment method. Low rates - wide variety of products






16. Product/Service - Information - Finance






17. Time - Quality - Cost - Supporting Metrics






18. Growth to a global or worldwide scale. Important Issues in a SC: More volatile supply and demand - shorter product lifetimes - blurring of organizational boundaries.






19. Management of Product/Service - Information - and Cash Flows.






20. How firms in this industry create value for their commercial clients






21. Return on Assets.






22. Measures cost and performance of activities.






23. The design and integration of all aspects of support for the operational capability of the military forces and their equipment to ensure readiness - reliability and efficiency.






24. Producer to Store - servicing the customer






25. Management of materials in motion and at rest.






26. Strategically positioning customers to improve the profitability of the organization and enhance its relationship with its customer base






27. Form Utility






28. Free Alongside Ship






29. Assembles and manages the resources - capabilities - and technology of its own organization with those of complementary service providers to deliver a comprehensive supply chain solution.






30. Marketing - Manufacturing/operations - Finance - Accounting






31. Channel Satisfaction - Transaction Cost and Revenue - Logistics Operations - Logistics Service






32. Getting the right product - to the right customer - in the right quantity - in the right condition - at the right place - at the right time - and at the right cost.

Warning: Invalid argument supplied for foreach() in /var/www/html/basicversity.com/show_quiz.php on line 183


33. Time - Dependability - Communications - Convenience






34. Free On Board






35. Materials Requirement Planning






36. Coordination and Integration can reduce the inventory level on horizontal and vertical levels in the SC. (the bullwhip effect [when inventory is duplicated])






37. Distribution Requirement Planning






38. Both parties in a vendor relational are said to be at "arm's" length.






39. Acquisition - scheduling and management of the facilities/ assets - personnel and materials to support and sustain a service operation or business.






40. The dual flow of Product/Services - Information - and Finances across the suppliers - distributors - manufacturers - wholesalers - and customers.






41. Network of activities - facilities and personnel required to organize - schedule and deploy the resources for an even to take place and to effectively withdraw after the even (ex: Superbowl).






42. The network facilities and supporting transportation is important. It must be capable and able to respond to change in the marketplace.






43. CFE - MSE - MAD - MAPE






44. Value added to goods through a manufacturing or assembly process.






45. The ________ is associated with downstream activities.






46. Point-of-sale(POS); Collaborative planning - forecasting - and replenishment(CPFR); Vendor-managed inventory (VMI)






47. Relevant - Accurate - Accessible - Timely - Transferable






48. Collaborative Planning - Forecasting - and Replenishment






49. Cost and Freight






50. Primarily created through the basic marketing activities related to the promotion of products and services -