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






2. A return trip or movement in a direction of secondary importance or purpose.






3. A firm must move operations to another facility to better serve suppliers or customers.






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






5. Analyzing the impacts of small changes - such as adding or subtracting one unit of input.






6. A practice that emphasizes the virtual elimination of business errors that strives to achieve 3.4 defects - deficiencies - or errors per one million opportunities.






7. Created by the U.S. Department of Housing and Urban Development to encourage business development-through various tax credits-in economically depressed portions of cities.






8. Pricing that includes both the price of the product and the transportation cost of the product to the purchaser's receiving dock.






9. Refers to an alliance in the container trades in which ocean carriers retain their individual identities but cooperate in the area of operations.






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

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






12. Movement and storage of raw materials - parts - and components within a firm.






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






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






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






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






17. A body of facts in a format suitable for decision making.






18. An alternative name for airfreight containers.






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






20. The time from when the customer places or sends the order to when the seller receives it.






21. The removal of levels (layers) from a channel of distribution.






22. A program in which public and private organizations work together to prevent terrorism against the United States through imports and transportation.






23. Changes to one logistics activity cause some costs to increase and others to decrease.






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






25. Are similar to credit cards for personal use - only p-cards are used for organizational purchases.






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






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






28. Medium- to long-term horizon - One- to five-year (plus) time span - Overall 'structural' decisions - Trade-offs between company functions - Trade-offs with other organizations - Corporate financial plans and policies - Policy decisions developed into






29. The use of speech to guide order-picking activities.






30. Their intent is to incorporate nonbusiness factors (e.g. - cost of living - crime rate - educational opportunities) into the decision of where to locate a plant or distribution facility.






31. 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.






32. Refers to a combination of water transportation and surface transportation between an origin and destination port.






33. Artificial intelligence - Sophisticated use of the computer in which it is programmed to 'think' as a trained - skilled human in specific situations.






34. Products are produced after receiving a customer order.






35. Taking and removing personal property with the intent to deprive the rightful owner of it.






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






37. Goods moving between two points - often accompanied by a live bill of lading.






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






39. Refers to corporate officers such as a chief executive officer (CEO) - chief operating officer (COO) - or chief financial officer (CFO).

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






41. Logistics activities are managed in multiple departments throughout an organizations.






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






43. Packaging tapered articles inside each other to reduce the cubic volume of the entire shipment.






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






45. Transportation service that is supplemental to line-haul transportation.






46. Combining smaller packages into larger unites that can be more efficiently handled at one time.






47. Actual physical movement of goods and people between two points.






48. Contains relevant export transaction data such as the transportation mode(s) - transaction participants - and description of what is being exported.

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49. Refers to alphanumeric identification that specifies where a product was processed or manufactured.






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







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