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






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






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






4. Satisfying current and emerging customer needs.






5. Conformance to mutually agreed upon requirements.






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






7. Prohibition of trade between particular countries.






8. A measure of how heavy a product is in relation to its size.






9. Gross domestic product






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






11. Strives to keep customers happy and creates in the customer's mind the perception of an organization that is easy to do business with.






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






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






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






15. Cartels of all ocean vessel operators operating between certain trade areas.






16. 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.






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






18. The shipment size that equates transportation charges for different rates and weight groups.






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






20. 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.






21. A process for returning a customer to a state of satisfaction after a service or product has failed to live up to expectations.






22. Logistics Information System






23. Boxes or other containers secured to a pallet or slip sheet.






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






25. Inventory that is held for several reasons such as seasonal demand - projected price increases - and potential product shortages.






26. Materials requested by a customer that are unavailable for shipment at the same time as the reminder of the order. They are usually shipped when available.






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






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






29. Cargo reaches a vehicle's or a container's weight capacity without filling its cubic capacity.






30. Aka bulk-making






31. Occurs when a cargo takes up a vehicle's or a container's cubic capacity before reaching its weight capacity.






32. An international payment option that is issued by a bank and guarantees payment to a seller provided that the seller has complied with the applicable terms and conditions of the particular transaction.






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






34. 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.






35. Refers to the allocation of revenues and costs to customer segments or individual customers to calculate the profitability of the segments or customers.






36. A cartel consisting of nearly all the world's scheduled international airlines.






37. Allow companies to produce digital maps that can drill down to site-specific qualities such as bridge heights.






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






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






40. Characterized by variability in demand orders among supply chain participants.






41. Concept that suggests that all relevant activities in moving and storing products should be considered as a whole (i.e. - their total cost) - not individually.






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






43. Facts or recorded measures of certain phenomena.






44. Breaking larger quantities into smaller quantities.






45. Refers to the value or usefulness that comes from a customer being able to take possession of a product.






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






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






48. Measurement that ensures conformity with an organization's policies - procedures - or standards.






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






50. 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.






Can you answer 50 questions in 15 minutes?



Let me suggest you:

Browse all subjects

Browse all tests

Most popular tests



Major Subjects

Tests & Exams


AP
CLEP
DSST
GRE
SAT
GMAT

Browse all subjects

Browse all tests

Most popular tests