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GSCM 434 Logistics with Lab week 8 Final Exam Complete Set 1 and set 2 Answer

GSCM 434 Logistics with Lab week 8 Final Exam Complete Set 1 and set 2 Answer

GSCM 434 Logistics with Lab week 8 Final Exam Complete Set 1 and set 2 Answer

GSCM 434 Logistics with Lab week 8 Final Exam Complete Set 1 and set 2 Answer

GSCM 434 Logistics with Lab week 8 Final Exam Complete Set 1 and set 2 Answer

GSCM 434 Logistics with Lab week 8 Final Exam Complete Set 1 and set 2 Answer

Set 1

Week 8 : Wk8 – Final Exam

Page 1

Question 1. 1. (TCO 10) ________ and ________ are the two basic organizational structures associated with logistics.
Centralized; hierarchical
Fragmented; centralized
Fragmented; unified
Unified; hierarchical

Question 2. 2. (TCO 10) One problem with a _________ logistics structure is that, because logistics activities are scattered throughout the firm, they likely remain subservient to the objectives of the department in which they are housed.
matrix
fragmented
decentralized
unified
hierarchical

Question 3. 3. (TCO 3) Rate structures deal with three factors. Which of the following is not one of them?
Shipment weight
Shipment distance
Product
Shipment direction
All of the above

Question 4. 4. (TCO 3) A transportation manager who purchases a pre specified level of transportation services, regardless of the mode and/or carrier providing the transportation services, is known as a(n):
amodal shipper.
logistics manager.
modal shipper.
transportation manager.
None of the above

Question 5. 5. (TCO 2) A function in organization that encompasses all activities associated with the flow and transformation of goods from the raw material stage through to the end user, as well as the associated information flows, is termed:
production line.
supply chain.
marketing channel.
warehouse.

Question 6. 6. (TCO 2) Which of the following is not a key attribute of supply-chain management?
Inventory control
Leveraging technology
Customer power
All are key attributes.

Question 7. 7. (TCO 1) Inventory held for a number of reasons, including projected price increases, seasonal demand, and potential stockouts, is referred to as:
speculative stock.
safety stock.
buffer stock.
pipeline stock.

Question 8. 8. (TCO 1) Vendor managed inventory (VMI) benefits include:
reduced inventories.
fewer stockouts.
higher revenues.
a, b, and c

Question 9. 9. (TCO 8) International freight forwarders can provide a number of functions. Which is not one of them?
Booking space on carriers
Obtaining consular documents
Preparing an export declaration
Arranging for insurance
All are possible functions.

Question 10. 10. (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

Question 11. 11. (TCO 7) Which of the following statements is false?
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.

Question 12. 12. (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.

Question 13. 13. (TCO 4) Logisticians and supply chain managers have a particular interest in ____ taxes.
real estate
corporate income
inventory
severance

Page 2

Question 1. 1. (TCO 4) A brownfield is:
a term for where crushed boxes are kept before recycling.
a term that refers to a potential facility site that has no trees needing to be cleared before construction.
a property for which use and redevelopment is complicated by past use.
an airport that lacks paved runways.

Question 2. 2. (TCO 5) ____ regulates the packaging of international air shipments.
An individual airline
The United Nations
A country’s federal government
The International Air Transport Association

Question 3. 3. (TCO 5) ____ systems consider the reverse flow of products, their reuse, and the marketing and distribution of recovered products.
Eco-
Open-loop
Retro-movement
Closed-loop

Question 4. 4. (TCO 6) The order cycle is:
the time it takes for a check to clear.
the time it takes from when a customer places an order until the selling firm receives the order.
also called the replenishment cycle.
also called the vendor cycle.

Question 5. 5. (TCO 6) Order transmittal is:
the same thing as an order cycle.
the series of events that occur between the time a customer places an order and the time the seller receives the order.
the series of events that occur between the time the customer perceives the need for something and the time the seller receives the order.
the series of events between the time a customer places an order and the time the order cycle begins.

Question 6. 6. (TCO 9) How do data and information differ?
Data are a body of facts in a format suitable for decision making, whereas information is simply facts.
They are the same.
Data are simply facts; information is a body of facts in a format suitable for decision making.
Data are associated with decision support systems; information is associated with ERP systems.

Question 7. 7. (TCO 9) Which of the following is not considered a general software package?
Spreadsheets
Word processing
Database management
All are general software packages.

Question 8. 8. (TCO 12) Surveys and analog techniques are examples of ____ forecasting.
cause and effect
time series
exponential smoothing
judgmental

Question 9. 9. (TCO 12) Which forecasting techniques tend to be appropriate when there is little or no historical data?
Exponential smoothing
Judgmental
Time series
Cause and effect

Question 10. 10. (TCO 11) A(n) ____ rate simplifies each of the three primary rate factors—product, weight, and distance.
class
ad valorem
commodity
exception

Question 11. 11. (TCO 11) The shipment size that equates transportation charges for different weights and weight groups is the ____ concept.
optimum cost reliability point
satisfying
weight break
maximum-minimum

Question 12. 12. (TCO 13) Throughput refers to:
the storage capacity of a warehousing facility.
volume through a pipeline.
inventory turnover in a one-month period.
the amount of product entering and leaving a facility in a given time period.

Question 13. 13. (TCO 13) ____ refers to a process where a product is received in a facility, occasionally married with a product going to the same destination, and is then shipped at the earliest time, without going into longer-term storage.
Just-in-time
Cross-docking
Consolidation
Turbologistics

Page 3

Question 1. 1. (TCO 4) What is a free trade zone?

Question 2. 2. (TCO 9) Discuss some of the challenges associated with computer security.

Question 3. 3. (TCO 9) Why are some companies hesitant to adopt RFID technology?

Question 4. 4. (TCO 12) Forecasting accuracy refers to the relationship between actual and forecasted demand, and accuracy can be affected by various considerations. What is one of the challenges with the analog technique?

Question 5. 5. (TCO 13) According to the text, what is contract warehousing?

Question 6. 6. (TCO 14) What areas and/or activities are typically planned to be included into Distribution Resource Planning (DRP)?

Question 7. 7. (TCO 3) How are carriers legally classified?

Question 8. 8. (TCO 6) What is order management?

Question 9. 9. (TCO 5) Compare and contrast the various handling characteristics associated with bulk cargoes.

Question 10. 10. (TCO 6) Examine the various methods of order transmittal and differentiate the relevant characteristics of each one.

Question 11. 11. (TCO 11) Compare and contrast the three primary factors for determining rates.

Set 2

Week 8 : Wk8 – Final Exam

Page 1

Question 1. 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.

Question 2. 2. (TCO 10) With ___________, cost objects consume activities, and activities consume resources.
financial accounting
activity-based costing
cost accounting
standard costing
financial management

Question 3. 3. (TCO 3) Rate structures deal with three factors. Which of the following is not one of them?
Shipment weight
Shipment distance
Product
Shipment direction
All of the above

Question 4. 4. (TCO 3) Based on cost, speed, and capacity, which of the following modes is most suitable for high-value, low-volume products (may be perishable or otherwise require urgent delivery)?
Pipelines
Air freight
Motor carriers
Railroads
Water

Question 5. 5. (TCO 2) All of the following terms have been used to refer to business logistics except:
business logistics.
industrial distribution.
logistics management.
All of the above are correct.

Question 6. 6. (TCO 2) The movement and storage of materials into a firm refers to:
physical distribution.
materials management.
inbound logistics.
outbound logistics.

Question 7. 7. (TCO 1) Stocks of goods and materials maintained for satisfaction of demand are known as:
supply chain.
inventory.
safety stock.
inventory management.

Question 8. 8. (TCO 1) Reorder point (ROP) is defined as the:
point used for calculating safety stock.
highest inventory level allowed.
lowest inventory level allowed.
fixed level of inventory at which a replenishment order is placed.

Question 9. 9. (TCO 8) International freight forwarders can provide a number of functions. Which is not one of them?
Booking space on carriers
Obtaining consular documents
Preparing an export declaration
Arranging for insurance
All are possible functions.

Question 10. 10. (TCO 8) Taxes that governments place on the importation of certain items are known as:
surcharges.
embargoes.
tariffs.
reciprocities.

Question 11. 11. (TCO 7) Which of the following statements is false?
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.

Question 12. 12. (TCO 7) Procurement and ________ are viewed as synonymous terms.
purchasing
inbound logistics
supply management
materials management

Question 13. 13. (TCO 4) Logisticians and supply chain managers have a particular interest in ____ taxes.
real estate
corporate income
inventory
severance

Page 2

Question 1. 1. (TCO 4) The purpose of ____ zones is to encourage business development in economically depressed portions of a particular city.
commercial
free trade
privatization
empowerment

Question 2. 2. (TCO 5) ____ refers to materials used for the containment, protection, handling, delivery, and presentation of goods.
Packaging
A box
Materials handling
Procurement

Question 3. 3. (TCO 5) The basic unit in unit loading is:
a box.
a crate.
a pallet.
a container.

Question 4. 4. (TCO 6) The order cycle is:
the time it takes for a check to clear.
the time it takes from when a customer places an order until the selling firm receives the order.
also called the replenishment cycle.
also called the vendor cycle.

Question 5. 5. (TCO 6) In general, there are ____ possible ways to transmit orders.
six
five
four
three

Question 6. 6. (TCO 9) Spreadsheets represent what general type of information management system?
A communication system
A transaction processing system
A decision support system
An office automation system

Question 7. 7. (TCO 9) ____ refer to a network of satellites that transmits signals that pinpoint the exact location of an object.
Global positioning systems
Geographic information systems
Electronic data interchanges
Transportation management systems

Question 8. 8. (TCO 12) Which of the following is not a basic type of demand forecasting model?
Exponential smoothing
Cause and effect
Judgmental
Time series

Question 9. 9. (TCO 12) Successful implementations of collaborative planning, forecasting, and replenishment have resulted in 20 to 30% improvements in forecasting accuracy as well as ____ to ____ % reduction in order cycle times.
5; 10
10; 15
20; 30
40; 50

Question 10. 10. (TCO 11) A(n) ____ rate simplifies each of the three primary rate factors—product, weight, and distance.
class
ad valorem
commodity
exception

Question 11. 11. (TCO 11) The shipment size that equates transportation charges for different weights and weight groups is the ____ concept.
optimum cost reliability point
satisfying
weight break
maximum-minimum

Question 12. 12. (TCO 13) Throughput refers to:
the storage capacity of a warehousing facility.
volume through a pipeline.
inventory turnover in a one-month period.
the amount of product entering and leaving a facility in a given time period.

Question 13. 13. (TCO 13) ____ refers to a process where a product is received in a facility, occasionally married with a product going to the same destination, and is then shipped at the earliest time, without going into longer-term storage.
Just-in-time
Cross-docking
Consolidation
Turbologistics

1. (TCO 4) How can advances in technology and communication influence the facility location decision?

Question 2. 2. (TCO 9) Discuss the relationship between automatic identification technologies and point-of-sale systems.

Question 3. 3. (TCO 9) Discuss the drawbacks of EDI.

Question 4. 4. (TCO 12) Forecasting accuracy refers to the relationship between actual and forecasted demand, and accuracy can be affected by various considerations. What is one of the challenges with the analog technique?

Question 5. 5. (TCO 13) Distinguish between warehouses and distribution centers.

Question 6. 6. (TCO 14) Why is there a high risk associated with implementing Distribution Resource Planning (DRP)?

Question 7. 7. (TCO 3) How are carriers legally classified?

Question 8. 8. (TCO 6) What is pick-to-light technology?

Question 9. 9. (TCO 5) Examine the role of labeling in logistics management. Why is it needed, how is it used?

Question 10. 10. (TCO 6) Examine the order picking and assembly operations. Assess how and why they are needed.

Question 11. 11. (TCO 11) Compare and contrast the the trade-offs between price and service possible during rate and service negotiations.

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GSCM 434 Logistics with Lab week 8 Final Exam Complete Set 1 and set 2 Answer