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. Economic activity that can be conducted via electronic connections such as EDI and the internet.






2. A U.S. federal agency that regulates workplaces to ensure the safety of workers.






3. Focuses on an organization's ability to respond to changes in demand with respect to volume and variety.






4. Similar to the center-of-gravity locational approach - except that shipping volumes are also taken into account.






5. 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.






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






7. A transportation manager who purchases a prespecified level of transportation service and is indifferent to the mode(s) or carrier(s) used to provide the actual transportation service.






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






9. The time from when a transportation carrier picks up the shipment until it is received by the customer.






10. Short- to medium-term horizon - Six-month to one-year (plus) time-span - Subsystem decisions are made - - should not impose on other logistics components - Annual budgets provide finance/cost basis - The strategic plan detail is made into an operatio






11. Each separate type of item that is accounted for in an inventory.






12. Prohibition of trade between particular countries.






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






14. Often accompanies an SED and provides explicit shipment instructions.

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15. Factors in the system that cannot be changed for various reasons.






16. State laws that specify that a worker does not have to join the union to work permanently at a facility.






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






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






19. Bill of Lading






20. For-hire carriers that have been exempted from economic regulation through provisions in various pieces of legislation.






21. 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.






22. Considers a shipment's density (the amount of space occupied relative to weight) to determine a shipment's billable weight.






23. A product that gains weight in processing; the processing point should be close to the market.






24. A relational exchange approach involving a limited number of suppliers.






25. Situation where a process - procedure - or system yields less than the best possible outcome or output - caused by a lack of best possible coordination between different components - elements - parts - etc.






26. Piggyback traffic - or loading truck trailers onto rail flatcars.






27. 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.






28. The documents associated with transportation shipments.






29. Emphasize the storage of products and their primary purpose is to maximize usage of available storage space.






30. The management of the various activities associated with the order cycle.






31. Refers to software that users access on a per-use basis instead of software they own or license for installation.






32. Refers to waterborne transportation that utilizes inland and coastal waterways to move shipments from domestic ports to their destination.






33. Price of the product at seller's place of business. Buyer must arrange for transportation of the product from the seller's place of business.






34. Refers to the fact that more items are recorded entering than leaving warehouse facilities.






35. Organizations that exploit workers and that do not comply with fiscal and legal obligations toward employees.






36. Electronic devices that read bar codes and can be used to keep track inventory - reorder inventory - and analyze inventory patterns.






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






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






39. An inventory system that responds to forecasted (rather than actual) customer demand.






40. The buyer pays freight charges and owns the goods in transit. This is the most common FOB origin term.






41. 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.






42. Day-to-day decision making - Operations controlled against standards and rules - Control via weekly/monthly reports - The implementation of the operational plan






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






44. Storage of finished product and movement to the customers.






45. Having products available when they are needed by customers.






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






47. Employees who are sent to other countries for extended periods of time.






48. Goods that flow from the consumer to the manufacturer (e.g. - product recalls and product recycling).






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






50. A system that simplifies each of the three primary rate factors - product - weight - and distance.