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POB CXC Chapter 7 Revision Flashcards | StudBud
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POB CXC Chapter 7 Revision
POB CXC Chapter 7 Revision
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Answers
1
Why might a business use a company to provide some of its logistics?
It allows the business to focus on its core function.
It speeds up order fulfillment.
It is always better to use other sources of transportation.
Materials handling costs are lower.
2
What logistics activity involves managing the flow of goods into and out of a warehouse?
Storage
Materials handling
Inventory control
Transportation
3
What is the supply chain?
Tells us that as plant output expands, unit costs decrease
The capability to effectively and efficiently produce goods and services
Is a grouping of various types of machinery
Is a system of organizations, people, activities, information, and resource
4
3. Forward logistics is specifically
"Green logistics"
Forwarding salvage items to the business
Getting materials back from users
Delivering goods to the customer
5
The Buyer delivers the delivery note
False
True
6
13. See question below
A
B
C
D
7
5. Which of the following outline the key roles of retailers?
a. I and III
d. I, II and IV
c. I, III and IV
b. I, II and III
8
The final business organization in an indirect channel of distribution for consumers are?
Retailers
Consumers
Wholesalers
Warehouses
9
23. See question below
A
B
C
D
10
8. A document that shows the country of manufacture of goods is called:
certificate of lading
certificate of origin
certificate of authenticity
airway bill
11
A direct channel of distribution often uses several intermediaries.
True
False
12
Define inbound logistics.
movement of goods from suppliers to company receiving them
producting and distributing product
return of product to manufacturer
storing and transporting products to customer
13
What is a distribution channel?
How the product can reach the consumer
How the product is sold to the consumer
The price at which the product is sold to the consumers
How the product is given to the consumer
14
17. See question below
C
A
D
B
15
What logistics activity involves taking orders?
Fulfillment
Inventory control
Materials handling
Transportation
16
10. Which of the following is NOT a key distribution problem?
Shipping Delays
Red Tape or unnecessary paperwork
Worker incentives
Theft
17
6. A document used in shipping, that gives a description of the cargo, its destination and title of ownership is called
a. Airway Bill
b. Bill of lading
c. An invoice
d. A consignment note
18
Which is not a component of a supply chain?
Manufacture
Distribution
Control
Consumer
19
20. See question below
C
A
D
B
20
The major modes of transport are road, rail, marine, and air transport.
False
True
21
22. See question below
D
A
B
C
22
14. See question below
C
A
D
B
23
15. See question below
D
C
A
B
24
Intermediaries in the distribution channel include:
Negotiators, retailers, and consumers
Agents, wholesalers, and retailers
Manufacturers, negotiators and consumers
Manufacturers, sellers, and consumers
25
The Weetabix supply chain starts with
A factory
A farm
Tesco
Kitchen cupboard
26
Inventory control involves which of the following?
Predicting the inventory needed.
Ensuring that there is sufficient inventory and that inventory is recorded
Ensuring that materials are being transported where they need to go.
Ensuring that customers are satisfied with the quality of their goods
27
12. A regional cross-docking point, where products from multiple sources arrive and are delivered to destination points
logistics hub
portnet
logistics store point
logistics distribution centre
28
9. Which of the following forms of transport is best for transporting natural gas from the ocean?
barges
pipelines
tankers
trucks
29
16. See question below
A
C
D
B
30
What is outsourcing?
Getting money from elsewhere
Using foreign exchange in the company.
Assigning various functions to outside organizations.
Hiring people in other countries.
31
11. A Global Positioning system is specifically used in logistics and supply chain to
I, II and IV
I, II, III and IV
II, III and IV
a. I, II and III
32
2. Supply chain operations entails which of the following activities?
c.
b.
d.
a.
33
Identify 3 modes of Air Transport
Bike, Car and Aeroplane
Boat, Bike and Balloon
Hot Air Balloon, Air Plane and Jet
34
4. Which of the following BEST describes a 'direct chain of distribution'
a.
b.
c.
d.
35
21. See question below
A
D
C
B
36
This document is used to settle debts, it is created by the exporter (seller).
Bill of exchange
Export License
Import License
Bill of lading
37
What is the best explanation of logistics?
Ensuring that goods and services are timely delivered.
Ensuring that goods are timely shipped.
Planning, implementation, and control of the flow of goods, services etc.
Ensuring that inventory levels are adequate.
38
19. See question below
B
D
A
C
39
The fastest transportation mode used for international trade is
marine
truck
rail
air
40
This document can be used as
documentary credit
because it buys you some time to pay for products
Documentary Bill
Certificate of origin
Bill of lading
Bill of exchange
41
In simple terms, logistics is about
global trade
the container
moving things
international trade
42
What is a wholesaler
sells whole nuts
Buys from manufacturer and sells to the public
Buys from the customer and sells to the manufacturer
buys large amounts of product and sells to retailers
43
18. See question below
D
B
C
A
44
#1. Which of the following is NOT a key feature of the components of logistics?
c. distribution
a. procurement
d. compensation
b. production
45
7. Multimodal transport is a process involving
one company and one contract
several modes of transport under a single transport contract
several modes of transport each with independent contracts
one mode of transport with one contract
