Question 1

Performance cycle uncertainty is a key concern in logistical operations.

Accepted Answer

A) True 
 B)False

Question 2

A logistics performance cycle is:

Accepted Answer

A)  A format for improved measurement of cost and service.
B)  The basic unit of supply chain design and operational control
C)  An important form of transportation measurement
D)  Typically echelonedE) B) and D)
F) C) and D)

Question 3

Performance Cycle variance is a prime determinant of safety stock.

Accepted Answer

A) True 
 B)False

Question 4

Logistics cost has declined as a percent of GDP over the past 25 years.

Accepted Answer

A) True 
 B)False

Question 5

A unique feature of integrated logistics is:

Accepted Answer

A)  The newness of the concept
B)  Its fundamental similarity to military operations
C)  Its complexity and scope of operations
D)  The fact that it employees many people.E) A) and B)
F) C) and D)

Question 6

Total cost was not typically the way managers viewed logistics prior to the 1960's.

Accepted Answer

A) True 
 B)False

Question 7

Transportation cost drives a firm's focus on speed and consistency.

Accepted Answer

A) True 
 B)False

Question 8

Echeloned distribution structure facilitates direct delivery.

Accepted Answer

A) True 
 B)False

Question 9

The "Pareto Principle" is:

Accepted Answer

A)  Unique to logistical performance measurement
B)  A concept developed in manufacturing to integrate logistics and procurement
C)  Used in logistics to develop fine line inventory classification
D)  Seldom the result of logistics system designE) A) and B)
F) A) and C)

Question 10

Service reliability involves logistical quality.

Accepted Answer

A) True 
 B)False

Question 11

Basic logistics service is a concept that:

Accepted Answer

A)  Describes the level of service provided all established customers
B)  Is involved in designing a network
C)  Only involves availability
D)  None of the aboveE) A) and D)
F) All of the above

Question 12

Dwell time is:

Accepted Answer

A)  A key component of system design
B)  The ratio of asset idle time to total time required to complete a mission
C)  The total time inventory is waiting to be processed.
D)  A key concept in manufacturing efficiencyE) All of the above
F) B) and D)

Question 13

The goal of cycle synchronization is achievement of planned time performance.

Accepted Answer

A) True 
 B)False  True

Question 14

The logistics value proposition is based solely on cost minimization.

Accepted Answer

A) True 
 B)False

Question 15

Service reliability is best described as:

Accepted Answer

A)  The measure of availability that is most critical in system design
B)  Dealing with speed and consistency of order cycle performance.
C)  The quality dimension of logistics performance
D)  The key attribute of transportation integrationE) All of the above
F) None of the above

Question 16

Facility network design is the function of total cost minimization.

Accepted Answer

A) True 
 B)False  False

Question 17

The work of logistics involves:

Accepted Answer

A)  Order processing,inventory,and manufacturing
B)  Inventory,transportation,manufacturing and procurement
C)  Manufacturing,customer accommodation,and purchasing
D)  Transportation,inventory,order processing,warehousing,and facility network designE) A) and C)
F) B) and C)

Question 18

A flow through facility is:

Accepted Answer

A)  Typically found in the beverage industry
B)  Also often called a cross-dock facility
C)  A specialized warehouse that performs value-added services
D)  Dedicated to the support of an integrated service provider.E) A) and D)
F) A) and B)

Question 19

The work of logistics is all about transportation planning and execution.

Accepted Answer

A) True 
 B)False

Question 20

The primary reason that total logistics cost has reduced as a percentage of GDP is:

Accepted Answer

A)  Inventory has increased as a percent of total cost
B)  Inventory has decreased as a percent of total cost
C)  Transportation has decreased as a percent of total cost
D)  Nominal GDP has increasedE) None of the above
F) A) and D) B

Exam 3: Logistics

Performance cycle uncertainty is a key concern in logistical operations.

Correct AnswerverifiedShow Answer

A logistics performance cycle is:

Correct AnswerverifiedShow Answer

Performance Cycle variance is a prime determinant of safety stock.

Correct AnswerverifiedShow Answer

Logistics cost has declined as a percent of GDP over the past 25 years.

Correct AnswerverifiedShow Answer

A unique feature of integrated logistics is:

Correct AnswerverifiedShow Answer

Total cost was not typically the way managers viewed logistics prior to the 1960's.

Correct AnswerverifiedShow Answer

Transportation cost drives a firm's focus on speed and consistency.

Correct AnswerverifiedShow Answer

Echeloned distribution structure facilitates direct delivery.

Correct AnswerverifiedShow Answer

The "Pareto Principle" is:

Correct AnswerverifiedShow Answer

Service reliability involves logistical quality.

Correct AnswerverifiedShow Answer

Basic logistics service is a concept that:

Correct AnswerverifiedShow Answer

Dwell time is:

Correct AnswerverifiedShow Answer

The goal of cycle synchronization is achievement of planned time performance.

Correct AnswerverifiedTrue

The logistics value proposition is based solely on cost minimization.

Correct AnswerverifiedShow Answer

Service reliability is best described as:

Correct AnswerverifiedShow Answer

Facility network design is the function of total cost minimization.

Correct AnswerverifiedFalse

The work of logistics involves:

Correct AnswerverifiedShow Answer

A flow through facility is:

Correct AnswerverifiedShow Answer

The work of logistics is all about transportation planning and execution.

Correct AnswerverifiedShow Answer

The primary reason that total logistics cost has reduced as a percentage of GDP is:

Correct AnswerverifiedB

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True

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False

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B