MKT 255 Taelman week 1-6 quizzes EXAM 1 (chapters 1,2,5,7,10,11,12,13)

the price of a product at the source plus transportation costs to its destination

Landed cost

Dimensional weight ___________.

considers a shipments density

A unit load involves ___________.

consolidation of several units into larger units to improve efficiency in handling and to reduce shipping costs

The ability of logistics management to satisfy users in terms of time, dependability, communication, and convenience is the definition of ___________.

customer service

the ability of logistics management to satisfy users in terms of time, dependability, communication, and convenience

customer service

An invoice submitted by the carrier requesting to be paid is ___________.

freight bill

___________ are focused on e-commerce orders

fulfillment centers

Airfreight is best suited to transport __________, ___________ products.

high value, low volume

four functions of packaging

identification, protection, promotion, convenience

____________ transportation occurs when two or more modes work closely together in an attempt to utilize the advantages of each mode while at the same time minimizing their disadvantages

intermodal

___________ refers to the short distance movement that usually takes place within the confines of a building such as a plant or distribution center and between a building and a transportation service provider.

materials management

A major advantage of the unit load is ___________.

mechanical devices can be substituted for manual labor

which is more flexible; train or truck

truck

list the marketing mix

person, place, price, product, promotion

In the United States, _________ account for the largest share of ton miles and _________ account for the majority of freight revenues.

railroads, trucks

Distribution centers emphasize ___________ and their primary purpose is to maximize ___________.

rapid movement of product, throughput

___________ refers to separating products into grades and qualities desired by different target markets.

sorting out

Objectives should be SMART that is, ___________, measurable, achievable, realistic, and timely.

specific

The most relevant general software package for logisticians is ___________.

spreadsheets

___________ refers to how easy a commodity is to pack into a load

stowability

Throughput refers to ___________.

the amount of product entering and leaving a facility in a given time period

___________ refers to the buying and controlling of transportation services by either a shipper or consignee.

transportation management

refers to consolidation of several units (cartons or cases) into larger units to improve efficiency in handling and to reduce shipping costs

unit load

Which of the following has been referred to as transportation at zero miles per hour.

warehousing

the buying and controlling of transportation services by either shipper or consignee. deals with negotiations

Transportation management

every dollar spent on transportation is_____

a dollar lost (sunk cost)

___________ involves bringing together similar stocks from different sources.

accumulating

___________ and ___________ refer to adjustments associated with the quantity of product

accumulating, allocating

________ are generally the fastest form of transportation for shipments exceeding 600 miles.

air

Which of the following is not a direct benefit to utilizing information in logistics? a. greater knowledge and visibility across the supply chain b. greater awareness of customer demand via point-of-sale data c. better coordination of manufacturing, merchandising, and distribution through ERP tools d. more streamlined order processing and reduced lead time e. all of the above are benefits

all of the above are benefits

Which of the following statements is false? a. the unit load is of limited value to shippers that deal in smaller quantities b. unit loads may discourage pilferage c. the unit load allows mechanical devices to be substituted for manual labor d. pallets suffer from a lack of standardized sizes, particularly in the U.S. e. all of the above are true

all of the above are true

A(n) ___________ refers to a transportation manager who purchases a prespecified level of transportation service and is indifferent to the mode and carrier used to provide the transportation service.

amodal shipper

___________ refers to building up a variety of different products for resale to particular customers.

assorting

___________ refers to the collection of large amounts of near-real-time data collected through a variety of sources such as sensors and smart phones.

big data

The most important single transportation document is the ___________.

bill of lading

How do data and information differ?

data are simply facts; information is a body of facts in a format suitable for decision making

The final phase of the order cycle is called order ___________.

delivery

___________ refers to how heavy a product is in relation to its size.

density

fee for when truck is kept over time

detention

key to what marketing creates

exchanges

___________ refers to rapidly moving a shipment through a carriers system.

expediting

Which of the following is not a characteristic of plastic packaging? a. lack of versatility b. takes a long time to biodegrade c. plastic is dependent on petroleum d. plastic litter can kill marine animals e. all of the above are characteristics of plastic packaging

lack of versatility

___________ provide effective ways to process organizational business data, to perform calculations, and to create documents.

office automation systems

___________ refers to the management of various activities associated with the order cycle.

order management

the management of the various activities associated with the order cycle

order management

___________ refers to materials used for the containment, protection, handling, delivery, and presentation of goods

packaging

Which of the following statements is false? a. package labeling is usually done at the end of the assembly line b. pictures are preferable to words for labeling a product c. labeling regulations may differ from country to country d. labeling requirements within a particular country can vary from state to state (province to province) e. all of the above are true

pictures are preferable to words for labeling a product

____________ is the most reliable form of transportation.

pipeline

most reliable mode of transportation

pipeline

___________ utility refers to having products available where they are needed by customers

place

Warehouses emphasize ___________ and their primary purpose is to maximize ___________.

product storage, usage of available storage space

logistics refers to activities that focus on

right product, right time, right place, right condition

___________ can be defined as the process of determining how a shipment will be moved between origin and destination.

routing

A ___________ provides a variety of shipment information such as shipment preparation, freight invoicing, a list of preferred carriers, and a list of which carrier or carriers to use for shipments moving between two points.

routing guide

firms must make two important decisions

service and cost

Order transmittal is ___________.

the series of events that occur between the time a customer places an order and the time the seller receives the order

Packaging serves ___________ general functions.

three, protect, promote, identify

Products exist in ___________ forms, and each form has specific packaging requirements.

three, solid, liquid, gas

___________ refers to determining a shipment s location during the course of its move.

tracking

Warehousing and ___________ are substitutes for each other.

transportation