Question 1

What term best describes the costs associated with placing and processing orders for raw materials and finished goods?
A)purchasing costs
B)out-of-stock costs
C)production costs
D)inventory carrying costs
E)acquisition costs

Accepted Answer

The answer of What term best describes the costs associated...

Question 2

The attempt by companies to reduce the amount of products that end up in a land fill by repairing returned goods or finding new buyers for products that are unwanted by retailers has what type of supply chain?

Accepted Answer

The answer of The attempt by companies to reduce the...

Question 3

All of the following are factors that affect a company's sustainability profile except

Accepted Answer

The answer of All of the following are factors that...

Question 4

A company that practices disintermediation is

Accepted Answer

The answer of A company that practices disintermediation is
...

Question 5

While on vacation in Spain, Veronica purchased an antique porcelain statue valued at $15,000. She needs to have it delivered to her home in Maryland. What would be the best mode of transportation for this item?

Accepted Answer

The answer of While on vacation in Spain, Veronica purchased...

Question 6

A commitment to adopting a lifestyle that meets the needs of the present without compromising the ability of future generations to meet their own needs is referred to as

Accepted Answer

The answer of A commitment to adopting a lifestyle that...

Question 7

Which mode of transportation is perhaps the most limited in terms of the types of products that can be shipped by it?

Accepted Answer

The answer of Which mode of transportation is perhaps the...

Question 8

Compare the various modes of transportation. Which one has a low cost and very high capacity, but is slow in delivery?

Accepted Answer

The answer of Compare the various modes of transportation. Which...

Question 9

The process of purchasing goods and services that takes into account the long-term impact on people, profits, and planet is called

Accepted Answer

The answer of The process of purchasing goods and services...

Question 10

Damages, inconsistent service, and lack of accessibility are all disadvantages of

Accepted Answer

The answer of Damages, inconsistent service, and lack of accessibility...

Question 11

Giorgio's Steakhouse is a famous steakhouse restaurant located in various cities throughout the Midwest. Mei is in charge of sharing demand information with the restaurant's meat suppliers to make sure there is always enough for customers. Mei is practicing

Accepted Answer

Mei is practicing supply chain orientation because she is sharing demand information with the restaurant's meat suppliers to make sure there is always enough for customers. This is a key aspect of supply chain orientation, which is the focus on aligning the activities of all parties involved in the supply chain to meet customer needs.

Question 12

An Indian spice company sells its spices to a retailer in Phoenix, Arizona. In order to get the product to the end-user, the spices are shipped via ocean liner to a port in the Gulf of Mexico and then placed on a railway car to Albuquerque, New Mexico. From Albuquerque, the spices are placed on a truck and taken to the retailer in Phoenix. This is an example of

Accepted Answer

The answer of An Indian spice company sells its spices...

Question 13

Beverly owns her own store that specializes in selling purses. She stocks the store with purses based on the number her sales forecast gives for that time of the year. Sometimes, she has too many purses in storage which she does not like, but does like that they are cheaper because she buys them in large quantities. Which supply chain strategy is Beverly currently implementing?

Accepted Answer

The answer of Beverly owns her own store that specializes...

Question 14

Alfonso's company is based in the United States and practices sustainable sourcing. Because his company gets materials and finished products from Canada and Mexico, its sourcing is referred to as

Accepted Answer

Near-shoring refers to sourcing materials or products from countries that are geographically close to the company's home country, such as the U.S. sourcing from Canada and Mexico.

Question 15

What is intermodal transportation?

Accepted Answer

The answer of What is intermodal transportation?
...

Question 16

A supply chain push strategy is also sometimes called

Accepted Answer

A supply chain push strategy is also sometimes called an overstock strategy because it involves producing goods in anticipation of demand, rather than waiting for customer orders.

Question 17

A set of three or more companies directly linked by one or more of the upstream and downstream flows of products, services, finances, and information from a source to a customer is referred to as a ________ ________.

Accepted Answer

The answer of A set of three or more companies...

Question 18

Hosea works logistics for a large hardware chain. The company's business model depends upon purchasing low-cost goods in bulk. Hosea is looking for the optimal transportation method to get large orders of plumbing supplies to the United States from overseas vendors. What transportation mode should he choose to get these supplies to the United States?

Accepted Answer

The answer of Hosea works logistics for a large hardware...

Question 19

In terms of transportation, accessibility refers to

Accepted Answer

Accessibility in transportation specifically refers to a carrier's capability to provide service from the origin point of the shipment to its intended destination, ensuring that goods can be moved efficiently from where they are to where they need to be.

Question 20

According to your text, all of the following are factors that companies must consider in choosing a transportation mode except

Accepted Answer

The answer of According to your text, all of the...

Quiz 10: Supply Chain and Logistics Management

What term best describes the costs associated with placing and processing orders for raw materials and finished goods? A)purchasing costs B)out-of-stock costs C)production costs D)inventory carrying costs E)acquisition costs