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. Two or more business orgs cooperate and willingly modify their business objectives and practices to help achieve long-term goals.






2. Free Alongside Ship






3. Strategic Alliance






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






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






6. External - Balancing - Price & Lead Time - Internal - Internal Balancing & Inventory/Production flexibility






7. An external supplier that performs all or part of a company's logistics functions.






8. Measures cost and performance of activities.






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






10. 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


11. Procurement and Manufacturing - value adding activities






12. Free On Board






13. Reliability - Responsiveness - Flexibility - Cost - Assets






14. The management of the movement of materials and information within - into - and out of the firm






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






16. The ________ is associated with downstream activities.






17. Marketing - Manufacturing/operations - Finance - Accounting






18. Transportation Management System






19. Critical part of global supply chains






20. Globalization - Technology - Organizational Consolidation - Empowered Customer - Government Policy and Regulation






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






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






23. Sales and Order Processing






24. Deregulation: Transportation - Communications - and Financial Institutions






25. 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






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






27. That part of the supply chain process that plans - implements - and controls the efficient - effective flow and storage of goods - services - and related information from point of origin to point of consumption in order to meet customer requirem






28. Plays large part in intermodal shipments.






29. Electrical Machinery - Power Generation Equipment






30. Order Fill Rate - Perfect Order






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






32. Networks - Complexity - Inventory Deployment - Information - Cost/Value - Organizational Relationships - Performance Measurement - Technology - Transportation Management - Supply Chain Security






33. Distribution Requirement Planning






34. Business Logistics - Military Logistics - Event Logistics - Service Logistics






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






36. 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).






37. Materials Requirement Planning






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






39. Return on Assets.






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






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






42. Form Utility






43. Product/Service - Information - Finance






44. Time - Dependability - Communications - Convenience






45. Simple moving average - Weighted Moving average - Exponential Smoothing - Adjusted Exponential Smoothing for Trend - Seasonal Influences






46. North American Free Trade Agreement. Establishes free trade between US - Canada - and Mexico






47. Time - Quality - Cost - Supporting Metrics






48. Collaborative Planning - Forecasting - and Replenishment






49. Business agreements between firms that have "parallel" or cooperating positions in the logistics process.






50. Influencing the order - order execution







Sorry!:) No result found.

Can you answer 50 questions in 15 minutes?


Let me suggest you:

Browse all subjects

Browse all tests

Most popular tests



Major Subjects

Tests & Exams


AP
CLEP
DSST
GRE
SAT
GMAT

Browse all subjects

Browse all tests

Most popular tests