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