11/26/23, 11:01 PM
REVISION MGT1163
NAME :
CLASS :
REVISION MGT1163
30 Questions
DATE :
1.
Which of the following is related to rail transport?
A
Short distance
B
Low fixed costs
C
Low variable operating cost
D
Extremely large capacity
2.
___ mode of transportation, operate on 24-hours basis with no labor intensive
A
Pipeline
B
Air
C
Water
D
Rail
3.
Which of the following is the responsibility of a seller in freight on board destination pricing?
A
Pay for transportation charges
B
Select the mode of transportation
C
Choose a carrier
D
Arrange for transportation
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REVISION MGT1163
4.
____ is the stock with irregular demand throughout the year which also involves high storage cost and high obsolescence costs.
A
safety stock
B
in-transit stock
C
speculative stock
D
seasonal stock
5.
What is in-transit stock?
A
complete inventory in the process to be shipped by the seller
B
to the customer
Finished goods already completed but not yet shipped to the
customer
C
goods shipped from the warehouse but not yet received by
the customer
goods hold by the seller in the warehouse to be picked by the
customer
6.
If the wholesalers use full-line stocking of warehouses, what type of inventory typically provided?
A
Perishable products
B
Customize products
C
Seasonal products
D
Multiple products
7.
___ warehouse involves the process of warehouse after an order is received from the customer.
A
Bonded
B
Pick-pack and ship
C
Distribution centre
D
In-transit
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D
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REVISION MGT1163
8.
Which is the overall objective of product handling in warehouse?
A
To sort eventually inbound shipments into unique customer
orders
B
To strike a balance regarding replenishment activity in the
warehouse
C
To differentiate the relative requirements of storage
D
To rapidly unload and release inbound shipments
9.
Which of the following is not the purpose of extended storage?
A
To hold the product until they reach the peak quality
B
To wait for the demand of seasonal items
C
To focus in quick movements and flexibility with minimal
dense storage
D
10.
Which of the following statements has the greatest validity?
A
Purchasing has a brooder meaning than procurement
B
Procurement has a brooder meaning than purchasing
C
Procurement and purchasing are basically the same
D
Procurement is broadly equivalent to purchasing
11.
All the following are related with the procurement objectives, except:
A
Act as a sources of technology and innovation
B
Decrease the total cost of ownership
C
Performance based logistic
D
Minimize inventory investment
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To use for speculative buying that is common in marketing
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12.
The following refers to the supplier selection criteria, except:
A
Faster delivery services
B
Desirable qualities
C
Reliability
D
Capability
13.
Why is order processing important?
A
Make it easier to receive orders
B
Easier to track the complaint of the consumer
C
Decide level of consumer satisfaction
D
Complete the process of physical distribution
14.
How can the supply chain technology improve the customer loyalty?
A
The technology is used to monitor and evaluate the
collaboration between organizations.
C
Allow people to make better decision making
B
Allow people to check for the stock availability before coming
into the shop
D
The information gathered and made available to all supply
chain participants
15.
Which of the following is not the impact of Artificial Intelligence (AI) used in supply chain?
A
Accurate prediction of inventory demand
B
Increase visibility and better decision making
C
Customer satisfaction and customer serves
D
Increase cost and better decision making
16.
Water transport is in demand when low freight rates are desired and speed of transit is a primary consideration.
A
FALSE
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B
TRUE
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REVISION MGT1163
17.
The different logistics cost is fairly assigned based on distance and specific area known as based-point pricing.
A
TRUE
18.
Inventory manager needs to decide on inventory efficiently to meet consumer needs.
A
TRUE
19.
Dead stock may be stored in the same warehouse as goods on sales or in a separate location.
A
FALSE
20.
Cold storage warehouses uses refrigerated shipping to store temperature sensitive items for inbound shipping only.
A
FALSE
21.
Manufacturing can postpone the final product configuration, and the finalize packaging will be completed by the ware after they
received customers' order.
A
TRUE
22.
Smart warehouse is using the technology to minimize the human mistake in the supply chain.
A
TRUE
23.
Product put-away is the second handling activities where the product will be placed in an active storage or in second location.
A
TRUE
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B
B
B
B
B
B
B
FALSE
FALSE
TRUE
TRUE
FALSE
FALSE
FALSE
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REVISION MGT1163
24.
The evolving focus on procurement as a key organizational capability has stimulated a new perspectives role in supply chain
management.
A
TRUE
25.
Procurement's historical focus in many organizations was to minimize the total number of outside suppliers.
A
TRUE
26.
The degree of effort associated with supplier selection is oppositely related to the importance of the required goods and services.
A
FALSE
27.
The third step of order processing is picking which refers to the collection of articles in a specified quantity before shipment, to
B
B
B
FALSE
FALSE
TRUE
fulfill the customer's orders.
A
TRUE
28.
As supply chain technology has advanced, most manufacturing firms have become much more specialized.
A
TRUE
29.
Because the supply chain has become digitalized and automated, opportunities for ethical behavior have been greatly reduced.
A
TRUE
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B
B
B
FALSE
FALSE
FALSE
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30.
REVISION MGT1163
Blockchain facilitates the structuring of decision logic automatically and applies without consuming the time of a subject matter
expert.
A
FALSE
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B
TRUE
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