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

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2. Breaking larger quantities into smaller quantities.






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






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






5. A document used in cross-border trade that summarizes the entire transaction and contains key information such as a description of the goods - terms of sale and payments - and so on.






6. Conformance to mutually agreed upon requirements.






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






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






9. Generates and uses few or no paper documents and relies on technology to accomplish the relevant tasks.






10. A uniform sealed reusable metal 'box' in which goods are shipped.






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






12. The elapsed time from when an order is picked up by a transportation carrier until it is received by the customer.






13. Unused available space.






14. Analogous to personal property taxes paid by individuals - and inventory tax is based on the value of inventory that is held by an organization on the assessment date.






15. Retail industry initiative where trading partners share planning and forecasting data to better match supply and demand.






16. A flat sheet of either fiberboard material or plastic that is placed under the unit load.






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






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






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






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






21. Similar to diversion - but it occurs after the shipment has arrived in the destination city.






22. Truck trailers on flatcars - also referred to as TOFC.






23. An alternative name for airfreight containers.






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






25. Materials that lose no weight in processing.






26. Identifies opportunities to recover revenues or reduce costs associated with scrap - surplus - obsolete - and waste materials.






27. Helps managers make decisions by providing information - models - or analysis tools.






28. A product that loses weight during the production process; the processing point as near to its origin as possible.






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






30. Refers to the amount of product entering and leaving a facility in a given time period.






31. A system in which the size and timing of replenishment orders into a retailer's system are the manufacturer's responsibility.






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






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. In transportation - a small quantity or small package.






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






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






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






38. Being out of an item at the same time there is a willing buyer for it.






39. Refers to how easy a commodity is to pack into a load.






40. Use satellites that allow companies to compute vehicle positions - velocity - and time.






41. Positive - long-term relationships between supply chain participants.






42. The receiver of a shipment.






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






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






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






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






47. A degree of aggressive procurement involvement not normally encountered in supplier selection.






48. Retailers that are characterized by large market share and low prices.






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






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