Question 1

Transportation cost drives a firm's focus on speed and consistency

Accepted Answer

A) True 
 B)False

Question 2

"Pareto Principle" is:

Accepted Answer

A)  Unique to logistical performance measurement
B)  A concept developed in manufacturing to integrate logistics and procurement
C)  Used in logistics to develop fine line inventory classification
D)  Seldom the result of logistics system design C

Question 3

Logistical system design is driven by careful integration of all operational components to minimize total cost

Accepted Answer

A) True 
 B)False

Question 4

Logistics cost has declined as a percent of GDP over the past 25 years

Accepted Answer

A) True 
 B)False

Question 5

Efficiency as contrasted to effectiveness is the primary goal of logistics

Accepted Answer

A) True 
 B)False

Question 6

Logistics cost is greater than healthcare cost in the US

Accepted Answer

A) True 
 B)False  False

Question 7

logistics performance cycle is:

Accepted Answer

A)  A format for improved measurement of cost and service.
B)  The basic unit of supply chain design and operational control
C)  Is an important form of transportation measurement
D)  Is typically echeloned

Question 8

unique feature of integrated logistics is:

Accepted Answer

A)  The newness of the concept
B)  It is fundamental similar to military operations
C)  Complexity and scope of operations
D)  The fact that it employees many people. C

Question 9

Procurement and manufacturing are an integral part of integrated logistics.

Accepted Answer

A) True 
 B)False

Question 10

Facility network design is the function of total cost minimization

Accepted Answer

A) True 
 B)False

Question 11

Service reliability is best described as:

Accepted Answer

A)  The measure of availability that is most critical in system design
B)  Deals with speed and consistency of order cycle performance.
C)  The quality dimension of logistics performance
D)  The key attribute of transportation integration

Question 12

logistics value proposition is based solely on cost minimization

Accepted Answer

A) True 
 B)False

Question 13

flow through facility is:

Accepted Answer

A)  Typically found in the beverage industry
B)  Is also often called a cross-dock facility
C)  Is a specialized warehouse that performs value-added services
D)  Dedicated to the support of an integrated service provider.

Question 14

Performance cycle uncertainty is a key concern in logistical operations

Accepted Answer

A) True 
 B)False

Question 15

Service reliability involves logistical quality.

Accepted Answer

A) True 
 B)False

Question 16

primary reason that total logistics cost has reduced as a percentage of GDP is:

Accepted Answer

A)  Inventory has increased as a percent of total cost
B)  Inventory has decreased as a percent of total cost
C)  Transportation has decreased as a percent of total cost
D)  Nominal GDP has increased

Question 17

goal of cycle synchronization is achievement of planned time performance

Accepted Answer

A) True 
 B)False

Question 18

Performance Cycle variance is a prime determinate of safety stock

Accepted Answer

A) True 
 B)False

Question 19

Echeloned distribution structure facilitates direct delivery

Accepted Answer

A) True 
 B)False

Question 20

logistics performance cycle:

Accepted Answer

A)  Is the basic unit of supply chain design and control
B)  Relates to transportation control
C)  Is an important concept in inventory control
D)  None of the above.

Exam 2: Logistics

Transportation cost drives a firm's focus on speed and consistency

Correct AnswerverifiedShow Answer

"Pareto Principle" is:

Correct AnswerverifiedC

Logistical system design is driven by careful integration of all operational components to minimize total cost

Correct AnswerverifiedShow Answer

Logistics cost has declined as a percent of GDP over the past 25 years

Correct AnswerverifiedShow Answer

Efficiency as contrasted to effectiveness is the primary goal of logistics

Correct AnswerverifiedShow Answer

Logistics cost is greater than healthcare cost in the US

Correct AnswerverifiedFalse

logistics performance cycle is:

Correct AnswerverifiedShow Answer

unique feature of integrated logistics is:

Correct AnswerverifiedC

Procurement and manufacturing are an integral part of integrated logistics.

Correct AnswerverifiedShow Answer

Facility network design is the function of total cost minimization

Correct AnswerverifiedShow Answer

Service reliability is best described as:

Correct AnswerverifiedShow Answer

logistics value proposition is based solely on cost minimization

Correct AnswerverifiedShow Answer

flow through facility is:

Correct AnswerverifiedShow Answer

Performance cycle uncertainty is a key concern in logistical operations

Correct AnswerverifiedShow Answer

Service reliability involves logistical quality.

Correct AnswerverifiedShow Answer

primary reason that total logistics cost has reduced as a percentage of GDP is:

Correct AnswerverifiedShow Answer

goal of cycle synchronization is achievement of planned time performance

Correct AnswerverifiedShow Answer

Performance Cycle variance is a prime determinate of safety stock

Correct AnswerverifiedShow Answer

Echeloned distribution structure facilitates direct delivery

Correct AnswerverifiedShow Answer

logistics performance cycle:

Correct AnswerverifiedShow Answer

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C

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False

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C

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