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GSCM 434 Logistics with Lab Week 6 Traffic Management & Forecasting Quiz 1 Set 1 and 2 Complete Answer

GSCM 434 Logistics with Lab Week 6 Traffic Management & Forecasting Quiz 1 Set 1 and 2 Answer

GSCM 434 Logistics with Lab Week 6 Traffic Management & Forecasting Quiz 1 Set 1 and 2 Answer

GSCM 434 Logistics with Lab Week 6 Traffic Management & Forecasting – Quiz 1 Set 1 and Set 2 Answer

Set 1

Week 6 : Traffic Management & Forecasting – Quiz

1. (TCO 7) The _____________ recognizes U.S. organizations for their achievements in quality and performance.
Six Sigma
ISO 9000
U.S. Department of Commerce Commendation of Quality
Malcolm Baldrige National Quality Award

2. (TCO 7) Which of the following is not a typical task or objective associated with procurement?
Cooperating and integrating with other functions
Contributing to low inventories
Developing and maintaining reliable, competitive suppliers
All are typical tasks or objectives.

3. (TCO 7) The raw materials, component parts, and supplies bought from outside organizations to support a company’s operations define:
procurement.
global sourcing.
inbound logistics.
supply management.

4. (TCO 7) A focus on satisfying internal customers is associated with which procurement objective?
Managing the supply base
Supporting organizational goals and objectives
Managing the purchasing process effectively and efficiently
Supporting operational requirements

5. (TCO 8) What is used in areas where dock workers cannot read but need a method to keep documents and shipments together?
An RFID tag
A shipper’s mark
A bar code
A shipment coordinator

6. (TCO 8) Incoterms refer to:
a specific method of payment for international shipments.
the standardization of international trade terminology.
the standardized procedures for handling international shipments.
the terms of sale for international shipments.

7. (TCO 8) A letter of credit ____.
is only used for domestic shipments
allows a consignee with poor credit to pay by credit
is provided when a transportation vehicle is loaded or unloaded prior to its allotted free time
is a popular payment alternative for international transactions

Page 2

1. (TCO 10) What is the primary difference between pilferage and theft?
There is no difference between the two.
Theft refers to stolen merchandise worth more than $500.
Pilferage refers to stolen merchandise worth more than $500.
Pilferage involves a firm’s employees, whereas theft involves efforts from outsiders.

2. (TCO 10) _________ refers to measurement that ensures conformity with an organization’s policies, procedures, and standards.
Motivation
Management
Metrification
Control
None of the above

3. (TCO 10) Skylights and large windows that incorporate solar energy can reduce energy usage in a warehouse between ____ and ____%.
15; 25
30; 40
40; 60
50; 65

4. (TCO 9) What are the benefits of EDI?

5. (TCO 10) What is the difference between centralized and decentralized logistics organizations? (Points : 5)

6. (TCO 12) What is the relationship between demand management and order management? (Points : 5)

7. (TCO 11) What are the three primary factors for determining rates? (Points : 5)

Set 2

Week 6 : Traffic Management & Forecasting – Quiz

Page 1

1. (TCO 7) Which of the following statements is false? (Points : 3)
Supplier selection and evaluation generally involve multiple criteria.
Selecting suppliers is the final step of the supplier selection and evaluation process.
The evolution of business practices and philosophies may require new supplier selection criteria.
Some supplier selection criteria may be contradictory.
All are true.

2. (TCO 7) What is the final step in the supplier selection and evaluation process? (Points : 3)
To provide feedback
To implement decision
To evaluate decision
To select suppliers

3. (TCO 7) ____ refers to the raw materials, component parts, and supplies bought from outside organizations to support a company’s operations. (Points : 3)
Inbound logistics
Procurement
Materials management
Supply management

4. (TCO 7) What is the final step in the supplier selection and evaluation process? (Points : 3)
Evaluate decision
Implement decision
Select suppliers
Provide feedback

5. (TCO 8) Which of the following is a political restriction on international trade? (Points : 3)
Nontariff barriers
Barring certain types of shipments
Tariffs
All of the above

6. (TCO 8) International freight forwarders can provide a number of functions. Which is not one of them? (Points : 3)
Booking space on carriers
Obtaining consular documents
Preparing an export declaration
All are possible functions.

7. (TCO 8) A letter of credit ____.
is only used for domestic shipments
allows a consignee with poor credit to pay by credit
is provided when a transportation vehicle is loaded or unloaded prior to its allotted free time
is a popular payment alternative for international transactions

Week 6 : Traffic Management & Forecasting – Quiz

Page 2

1. (TCO 10) What is the primary difference between pilferage and theft?
There is no difference between the two.
Theft refers to stolen merchandise worth more than $500.
Pilferage refers to stolen merchandise worth more than $500.
Pilferage involves a firm’s employees, whereas theft involves efforts from outsiders.

2. (TCO 10) _________ refers to measurement that ensures conformity with an organization’s policies, procedures, and standards. (Points : 3)
Motivation
Management
Metrification
Control
None of the above

3. (TCO 10) The two areas in logistics systems where most energy costs occur are ____ and ____. (Points : 3)
customer service; warehousing
packaging; transportation
materials handling; packaging
warehousing; transportation

4. (TCO 9) What is the primary object of a transaction processing system?

5. (TCO 10) What is a unified logistics structure?

6. (TCO 12) What are the three types of demand forecasting?

7. (TCO 11) What are the four factors used in determining a product’s freight classification?

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GSCM 434 Logistics with Lab Week 6 Traffic Management & Forecasting - Quiz 1 Set 1 and Set 2 Answer

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