Question

1. Moving some final manufacturing steps into a warehouse or distribution center is referred to as a) logistical transfer b) outsourcing c) continuous replenishment d)postponement
2. The key component in intermodal transportation is a)trucking b) railroads c) containers d) ships
3. The total cost of producing, storing and transporting a product to the site of consumption (or another port) is the a) landed cost b) tariff c) duty d)value added tax
4. Companies may outsource for any of the following reasons EXCEPT a) focus on core competencies b) increase vertical integration c) increase flexibility d) reduce costs
5. Rival companies pooling their distribution resources to reduce cost are engaging in a) collaborative logistics b) distribution outsourcing c) cross docking e) vendor managed inventories
6. The most common mode of transporting products in the US is a) rail b) air c) trucking d) water
7. Which of the following choices is not true about vendor-managed inventory? a) It allows rival companies to collaborate in distribution. b) It is a form of role reversal, in which the responsibility for planning shifts to the manufacturer.c) It is usually an integral part of supply chain collaboration. d) It makes forecasting by manufacturers easier.
8. Factors driving globalization of the supply chain include all of the following EXCEPT a) international trade agreements b) government intervention c) advances in information d) technology ower-cost transportation
9. The most common intermodal combination globally is a ) truck-water-rail-truck b) truck-rail-truck-water c) air-water-rail-truck d) water-truck-rail-truck
10. Most favored-nation (MFN) status is an agreement where members of the World Trade Organization (WTO) extend to other members the most favorable treatment given to any trade partner. a) True b) False

Answer 1

Moving some final manufacturing steps into a warehouse or distribution center is known as - logistical transfer

Logistical transfer is the movement of manufactured goods into warehouse or distribution center to transport it to other places. Continuous replenishment is transporting goods to place of consumption and outsourcing is giving charge to another party for handling the goods further.

The key component in intermodal transportation is - containers

Containers are required for transportation through various modes like ships, roads, trains etc.

The total cost of producing, storing, transporting a product to the site of consumption (or another port) is - Landed cost

Landed costs includes all the costs including product costs, tariffs, duties, transportation costs

Companies may outsource for the following reasons except - increase vertical integration

Increasing vertical integration will not lead a company to outsourcing business functions.