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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. Breaking larger quantities into smaller quantities.






2. Employee theft.






3. Cargo on which taxes or duties have yet to be paid. The owner must post a bond or use a bonded carrier or warehouse to guarantee that the materials will not be sold until the taxes or duties are paid.






4. An area - usually near a port or an airport - where goods can be stored or processed before entering through the importing nation's customs inspections.






5. A strategic orientation in which a limited number of traditional logistics activities are managed across business units.






6. The shipper of goods.






7. A facility temporarily established at the site of inventory; the warehouser assumes custody of the inventory and issues a receipt for it - which can then be used as collateral for a loan.






8. Material that is used to block and brace products inside carrier equipment to prevent the shipment from shifting in transit and becoming damaged.






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






10. Facts or recorded measures of certain phenomena.






11. 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.






12. The process of determining how a shipment will be moved between consignor and consignee or between place of acceptance by the carrier and place of delivery to the consignee.






13. A technique that seeks to better understand the cost of a product by identifying what activities drive particular costs.






14. The number of times an inventory is used or replaced each year.






15. A substance or material in a quantity and form that may pose an unreasonable risk to health and safety or property when transported in commerce.






16. The creation across the supply chain and its markets of coordinated flow of demand. The three basic types of forecasting models are: 1-judgmental - 2-time series - 3-cause and effect.






17. A one-size-fits-all approach in which every customer gets the same type and levels of logistics service.






18. Inventories that are used or distributed together (e.g. razor blades and razors).






19. Cargo reaches a vehicle's or a container's weight capacity without filling its cubic capacity.






20. The buyer pays the freight charges when the goods arrive - and the seller owns the goods while they are in transit.






21. Assumes that one or more factors are related to demand - and the relationship between cause and effect can be used to estimate future demand.






22. All activities associated with the flow and transformation of goods from the raw material stage - through to the end user - as well as the associated information flows.






23. 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






24. A type of contract logistics that focuses on providing unique and specially tailored warehousing services to particular clients.






25. A carrier or public facility where freight (or passengers) is shifted between vehicles or modes.






26. These are materials that are no longer serviceable - have been discarded - or are a by-product of the production process.






27. A U.S. government agency with primary responsibility for regulating railroad pricing and service.






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






29. A warehouse with an emphasis on quick throughput - such as is needed in supporting marketing efforts.






30. The documents associated with transportation shipments.






31. An analysis of workers' productivity over short periods of time. Each worker is assigned specific duties that he or she should be able to complete during the time period provided.






32. A warehousing facility that is owned or occupied on a long-term lease by the firm using it.






33. Multiple logistics activities are combined into - and managed as - a single department.






34. A group of forecasting techniques that is based on the idea that future demand is solely dependent on past demand.






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






36. The cost of giving up an alternative opportunity.






37. Cooperative - formal or informal supply chain relationships between manufacturing companies and their suppliers - business partners - or customers - developed to enhance the overall business performance of both sides.






38. Companies whose primary business is other than transportation provide their own transportation service by operating truck - railcars - barges - ships - or airplanes.






39. Damage that is not initially apparent but is discovered after a package is opened.






40. Utilizes sophisticated quantitative techniques to find hidden patterns in large volumes of data.






41. Money paid before an exchange.






42. A specific rate for every possible combination of product - weight - and distance.






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






44. Terminal-to-terminal movement of freight or passengers.






45. Mixes attributes of public and contract warehousing; services are more differentiated than a public facility but less customized than in a contract facility.






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






47. Analysis that is performed by a trade association - professional organization - or other entity - on a industry wide basis.






48. An invoice submitted by a transportation carrier requesting to be paid.






49. Flatboard boat used to transport heavy products.






50. Raw materials - component parts - and supplies brought from outside organizations to support a company's operations.







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