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. Time Utility - Place Utility - Quantity Utility






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






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






4. Business Logistics - Military Logistics - Event Logistics - Service Logistics






5. Time - Dependability - Communications - Convenience






6. Increased complexity for organizations (from SKUs to trade regulations) is a problem. Organizations should simplify.






7. Supplies expertise to international shippers. Consolidate small shipments. Derives income from fees for service.






8. 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






9. The ________ is associated with downstream activities.






10. Current 1. WMS 2. Web-enabled communication 3. Visibility tools 4. TMS - Future 1. RFID 2. Collaboration tools 3. Supply chain planning and visibility tools






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






12. ISs lead to the collection and storage of vast amounts of data and help lead to better decision making - but many companies are not taking advantage of it.






13. Plays large part in intermodal shipments.






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






15. Delivered Duty Paid






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






17. Export goods and services to overseas buyers and handles most of the export arrangements.






18. CFE - MSE - MAD - MAPE






19. Free Alongside Ship






20. Right product - right time - right quantity - right quality - right cost - right destination






21. Adding value to products by having them where people want them.






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






23. Measures cost and performance of activities.






24. Influencing the order - order execution






25. Deregulation: Transportation - Communications - and Financial Institutions






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






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






28. Cost and Freight






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






30. Sales and Order Processing






31. Marketing - Manufacturing/operations - Finance - Accounting






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






33. Reliability - Responsiveness - Flexibility - Cost - Assets






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






35. Possession Utility






36. Electrical Machinery - Power Generation Equipment






37. Partner






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






39. Warehouse Management System






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






41. Product/Service - Information - Finance






42. The branch of military science having to do with procuring - maintaining - utility/value and transporting material - personnel - and facilities






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






44. Customers trade partnership against terrorism






45. Producer to Store - servicing the customer






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






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






48. Free On Board






49. Getting the Right Things to the Right Place at the Right Time at the lowest cost.






50. Concern and potential challenge since 9/11. Must be prepared for terrorist attack.