Test your basic knowledge |

Logistics Vocab

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. Refers to logistical activities associated with goods that move across national boundaries.






2. Compares actual experience to the expected experience and if the actual experience equals or exceeds the expected experience - then the customer is satisfied.






3. A major port where thousands of containers arrive and depart per week. These ports specialize in the efficient handling of containers.






4. Companies that specialize in providing various types of logistics services.






5. A system in which products are stored wherever there is empty space available in a warehouse.






6. Facilitators that make the channel function better.






7. Provides specialized service to each customer based on a contractual arrangement.






8. One location where customers can purchase products from two or more name-brand retailers.






9. Uses the internet to make it easier - faster - and less expensive for an organization to purchase goods and services.






10. In transportation - a small quantity or small package.






11. Refers to warehousing situations where goods are not released until applicable fees are paid. As an example - Internal Revenue Service - bonded warehouses hold goods other federal taxes and fees collected.






12. aka bulk-breaking






13. Bringing together inventory from different sources.






14. Occurs in delivered pricing when a buyer pays an excessive freight charge calculated into the price of the goods.






15. Allow companies to produce digital maps that can drill down to site-specific qualities such as bridge heights.






16. The number of tons times the number of miles.






17. Refers to communication without cables and cords - and includes infrared - microwave - and radio transmissions.






18. Refers to software that has been developed for managers to deal with specifics logistics functions or activities (e.g. transportation management systems)






19. Numbers assigned to various types of freight - based mainly on the carrier's costs of handling that type of product - and - along with weight and distance - used as a basis for determining the costs of shipment.






20. Materials used for the containment - protection - handling - delivery - and presentation of goods.






21. Refers to the number of transportation modes available to prospective users.






22. Companies that specialize in transporting parcels or small packages.






23. Taxes that governments place on the importation of certain items.






24. A technique used to model the systems under study - typically using mathematical equations to represent relationships among components of a logistics system.






25. Materials that lose no weight in processing.






26. Unused available space.






27. The time span within which a scheduled delivery must be made.






28. Conformance to mutually agreed upon requirements.






29. Refer to the manner by which a seller will be paid by a buyer for an international transaction.






30. A buyer invites bids from multiple sellers - and the seller with the lowest bid is often awarded the business.






31. The short-distance movement of material between two or more points.






32. The seller owns the goods in transit - prepays the freight charges - and bills the buyer for the freight charges.






33. System that attempts enterprisewide coordination of relevant business processes by allowing (conceptually - at least) all functional areas within a firm to access and analyze a common database.






34. Costs to seller when it is unable to supply an item to a customer ready to buy.






35. Computer-to-computer transmission of business data in a structured format.






36. An international trade specialist that can handle either vessel shipments or air shipments and that offers a number of different functions such as booking space on carriers - obtaining consular documents - and arranging for insurance - among other






37. A common credential that will be used to identify workers across all modes of transportation.






38. Provide effective ways to process personal and organizational business data - to perform calculations - and to create documents.






39. Separating products into grades and qualities desired by different target markets.






40. Building up a variety of different products for resale to a particular customer.






41. General contractor that ensures that third-party logistics companies are working toward relevant supply chain goals and objectives.






42. Nonprofit membership cooperatives that perform basically the same function as freight forwarders.

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


43. Locations that contain chemicals or other types of industrial wastes.






44. Assemble small shipments into a single - larger shipment.






45. A company's objectives can be realized by recognizing the mutual interdependence of the major functional areas of the firm - such as marketing - production - finance - and logistics.






46. Refers to employees who do not follow company guidelines about which suppliers to use in particular situations.






47. A small device that responds to radio signals from an outside source.






48. An order size that minimizes the sum of carrying and ordering costs.






49. Strives to keep customers happy and creates in the customer's mind the perception of an organization that is easy to do business with.






50. The need to rapidly move a shipment to its final destination.