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A motor carrier is in a dispute with a customer over who is responsible for unloading for unloading goods at the customer’s location.

Which of the following documents would be used to resolve the dispute?

A.
Freight bill
A.
Freight bill
Answers
B.
Bill of lading (B/L)
B.
Bill of lading (B/L)
Answers
C.
Routing guide
C.
Routing guide
Answers
D.
Domestic terms of sale
D.
Domestic terms of sale
Answers
Suggested answer: D

Which of the following sets of elements are the major components of inventory carrying cost?

A.
Capital, storage space, inventory service, transportation
A.
Capital, storage space, inventory service, transportation
Answers
B.
Storage space, inventory service, inventory risk, transportation
B.
Storage space, inventory service, inventory risk, transportation
Answers
C.
Capital, storage space, inventory service, inventory risk
C.
Capital, storage space, inventory service, inventory risk
Answers
D.
Capital, storage space, inventory service, distribution
D.
Capital, storage space, inventory service, distribution
Answers
Suggested answer: C

Which of the following terms refers to an integrated approach of simultaneously selling to consumers through multiple distribution channels?

A.
Omni-channel
A.
Omni-channel
Answers
B.
Multi-channel
B.
Multi-channel
Answers
C.
Business-to-consumer (B2C)
C.
Business-to-consumer (B2C)
Answers
D.
E-commerce
D.
E-commerce
Answers
Suggested answer: B

Airfreight companies often use dimensional (dim) weight to cost out shipments because of which of the following attributes of the product?

A.
Density
A.
Density
Answers
B.
Height
B.
Height
Answers
C.
Weight
C.
Weight
Answers
D.
Value
D.
Value
Answers
Suggested answer: C

Which of the following supply chain risk management maturity model attributes provides visibility to impending disruptions and enables the establishment of effective, preventive, and mitigation plans?

A.
Visibility
A.
Visibility
Answers
B.
Predictability
B.
Predictability
Answers
C.
resiliency
C.
resiliency
Answers
D.
Sustainability
D.
Sustainability
Answers
Suggested answer: C

A logistics manager seeks total integration of components that are essential to achieve stated objectives. Which of the following frameworks would be best to implement?

A.
System concepts and analysis
A.
System concepts and analysis
Answers
B.
Total cost of ownership (TCO)
B.
Total cost of ownership (TCO)
Answers
C.
Lean six sigma concepts
C.
Lean six sigma concepts
Answers
D.
Network inventory cost minimization
D.
Network inventory cost minimization
Answers
Suggested answer: A

The task that best describes the value proposition offered by freight forwarders is that they:

A.
act as agents for domestic firms in international markets, primarily obtaining orders for their clients’ products.
A.
act as agents for domestic firms in international markets, primarily obtaining orders for their clients’ products.
Answers
B.
export goods and services and locates overseas buyers on their clients’ behalf.
B.
export goods and services and locates overseas buyers on their clients’ behalf.
Answers
C.
consolidate shipments from various customers and offer lower transportation rates.
C.
consolidate shipments from various customers and offer lower transportation rates.
Answers
D.
operate under power of attorney from the shipper to pay all import duties and are ultimately liable for unpaid duties.
D.
operate under power of attorney from the shipper to pay all import duties and are ultimately liable for unpaid duties.
Answers
Suggested answer: A

Stockout frequency refers to:

A.
the probability that a firm will not have inventory available to meet customer orders.
A.
the probability that a firm will not have inventory available to meet customer orders.
Answers
B.
a single event where a firm will not have inventory available to meet customer orders.
B.
a single event where a firm will not have inventory available to meet customer orders.
Answers
C.
the cost of sales that a firm will have when insufficient inventory is available to meet customer orders.
C.
the cost of sales that a firm will have when insufficient inventory is available to meet customer orders.
Answers
D.
the percentage of days in which inventory necessary to meet customer orders is missing.
D.
the percentage of days in which inventory necessary to meet customer orders is missing.
Answers
Suggested answer: A

Which of the following modes of transportation is typically associated with detention charges?

A.
Rail
A.
Rail
Answers
B.
Water
B.
Water
Answers
C.
Pipeline
C.
Pipeline
Answers
D.
Truck
D.
Truck
Answers
Suggested answer: B

Which of the following theories is illustrated in the list below?

Stage 1: A new product is created to fill a domestic need and produced locally.

Stage 3: The newly created product is offered to international customers.

Stage 4: International customers develop expertise and offer the product at a lower cost to the original country.

A.
International product life cycle theory
A.
International product life cycle theory
Answers
B.
Porter’s cluster theory
B.
Porter’s cluster theory
Answers
C.
Sheffi’s logistics cluster theory
C.
Sheffi’s logistics cluster theory
Answers
D.
Theory of Comparative Advantage
D.
Theory of Comparative Advantage
Answers
Suggested answer: A

Explanation:



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