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. Refers to choosing the locations for distribution centers - warehouses - and production facilities to facilitate logistical effectiveness and efficiency.






2. A payment from a shipper or consignee to a truck carrier for having kept the carrier's equipment too long.






3. A location technique utilizing a map or grid - with specific locations marked on the north-south and east-west axes. Its purpose is to find a location that minimizes transportation costs.






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






5. Price of the product at its source plus transportation costs to its destination.






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






7. The science that seeks to adapt work or working conditions to suit the abilities of the worker.






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






9. The level of inventory at which a replenishment order is placed.






10. A major port where thousands of containers arrive and depart per week. These ports specialize in the efficient handling of containers.






11. Refers to communication without cables and cords - and includes infrared - microwave - and radio transmissions.






12. An agreement in which the world's ports agree to allow U.S. customs agents to identify and inspect high-risk containers bound for the United States before they are loaded onto ships.






13. A document that notifies a transportation carrier of wrong or defective deliveries - delay - or other delivery shortcoming.






14. Taxes that governments place on the importation of certain items.






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






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






17. Inventory is replenished with a set quantity every time it is ordered; the time interval between orders may vary.






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

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






20. The term associated with the handling of unit loads.






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






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






23. Bringing together inventory from different sources.






24. The use of radio frequency to identify objects that have been implanted with an RFID tag.






25. The cost of giving up an alternative opportunity.






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






27. 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






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






29. 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.






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






31. 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.






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






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






34. Using a container that can be transferred from the vehicle of one mode to a vehicle of another - and with the movement covered under a single bill of lading.






35. The documents associated with transportation shipments.






36. Compares actual experience to the expected experience and if the actual experience equals or exceeds the expected experience - then the customer is satisfied.






37. 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.






38. Refers to forecasting that involves judgment or intuition and is preferred in situations where there is limited - or no - historical data.






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






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






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






42. 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.






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






44. These are material that have been spoiled - broken - or otherwise rendered unfit for further use or reclamation.






45. Facilitators that make the channel function better.






46. Stocks of goods and materials that are maintained for many purposes.






47. 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.






48. 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.






49. An alternative name for airfreight containers.






50. The seller pays the freight charges in advance but bills the buyer for them. The buyer owns the goods in transit.