If a firm is concerned with high duty rates, on which of the following criteria should it focus?
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Correct Answer:
A
Q: 2
A company that utilizes barges as a major mode of transportation would typically navigate in:
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Correct Answer:
D
Q: 3
Which of the following order characteristics would make increased levels of inventory necessary?
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Correct Answer:
C
Q: 4
Which of the following strategies would a logistics manager most likely choose in order to reduce
transportation cost?
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Correct Answer:
D
Q: 5
Which of the following statements best describes the primary objective of most warehouses'?
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Correct Answer:
C
Q: 6
A logistics company operates 10 distribution centers in China totaling 20 million square meters of
floor space Based on the typical utilization factors, how many total square meters are devoted to
storage?
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Correct Answer:
A
Q: 7
Which of the following forms of supply chain risk is considered the most disruptive?
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Correct Answer:
D
Q: 8
Which of the following parties play an integral role during the transportation process''
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Correct Answer:
C
Q: 9
A company desires to improve its cash flow situation by postponing its customs duties payment until
the last possible point in the supply chain. The company should consider using which type of
warehouse?
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Correct Answer:
A
Q: 10
Selecting a third-party logistics (3PL) or fourth-party logistics (4PL) provider is an example of a(n):
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Correct Answer:
B
Q: 11
In the economic utility function of logistics, logistics adds:
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Correct Answer:
C
Q: 12
A firm offers their customers shorter order cycle times and increased product variety. Generally, this
action would have which of the following impacts on total logistics costs?
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Correct Answer:
C
Q: 13
In a retail firm's implementation of vendor-managed inventory (VMI), what trading partners are
responsible for setting target inventory levels and making restocking decisions?
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Correct Answer:
B
Q: 14
Consignment inventory requires that manufacturers
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Correct Answer:
D
Q: 15
A company finds itself constantly expediting its customer's retail store deliveries in order to prevent
stock-outs. The best solution to this problem is to;
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Correct Answer:
D
Q: 16
A company's distribution center receives material from a number of sources and combines them into
exact quantities for a specific destination. Which of the following functions is the distribution center
providing?
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Correct Answer:
C
Q: 17
Which of the following costs represents an example of a fixed cost in the motor carrier industry?
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Correct Answer:
A
Q: 18
A restriction that can be classified as a non-tariff barrier would be a(n):
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Correct Answer:
B
Q: 19
An American company that ships bulk product manufactured in Asia and sold in Europe may consider
which of the following intermodal practices to help minimize total transportation costs?
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Correct Answer:
A
Q: 20
A company setting up a warehouse wants to maintain a first in, first out (FIFO) stock rotation. Which
of the following storage systems should they utilize?
