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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. Product for which there is no demand.






2. Refer to materials that are not likely to ever be used by the organization that purchased it.






3. Looks at the entire logistics systems to see how well all of its components function together.






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






5. An alternative name for airfreight containers.






6. Facilitators that make the channel function better.






7. A carrier's attempt to determine a shipment's location during the course of its move.






8. Requires a certain percentage of traffic to move on a nation's flag vessels.






9. A charge assessed by rail carriers to users that fail to unload and return vehicles or containers promptly.






10. A company discontinues operations at a current site because the operations are no longer needed or can be absorbed by other facilities.






11. Emphasizes a speed or time component.






12. 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.






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






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






15. Seeks to minimize inventory by reducing (if not eliminating) safety stock - as well as having the required amount of materials arrive at the production location at the exact time they are needed.






16. 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.






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






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






19. The pick location is brought to the picker (e.g. - carousels).






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

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






22. An international logistics specialist that custom packs shipments when the exporter lacks the equipment or expertise to do so itself.






23. Procurement activities that meet the ethical and discretionary responsibilities expected by society.






24. These help various stake-holders to work together by interacting and sharing information in many different forms.






25. The buying and controlling of transportation services by either a shipper or consignee.






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






27. Products are produced prior to receiving a customer order.






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






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






30. Twenty-foot equivalent unit; a measure of the number of 20-foot containers that are used or handled.






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






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






33. Restrictions other than tariffs that are placed on imported products.






34. Depicts the demand for - and replenishment of - inventory.






35. Involves rearranging the quantities and assortment of products as they move through the supply chain.






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






37. People - equipment - and procedures to gather - sort - analyze - evaluate - and distribute needed - timely - and accurate information to logistics decision makers.






38. Truck trailers of flatcars.






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






40. Money paid after an exchange.






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






42. Satisfying current and emerging customer needs.






43. Collects and stores information about transactions and may also control some aspects of transactions.






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






45. 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.






46. A long-term arrangement between a shipper and another party to provide logistics services that is characterized by relational focus - a focus on mutual benefits - and the availability of customized offerings.






47. Refers to buying components and inputs anywhere in the world.






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






49. Inventory needed to satisfy demand during an order cycle.






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







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