REVISION MGT1163 PART2

___ is the most suitable for transportation of fluids.

• Pipeline

• Road transport

• Water transport

• Railway transport

Railroads once ranked first among all modes of transportation in term of ___.

• Flexibility

• high speed

• limited load size

• number of miles in service

Under which type of geographic pricing strategy does each customer pay the exact freight for the product from the factory to its destination?

• Zone pricing

• Base-point pricing

• FOB origin pricing

• FOB destination pricing

Which of the following are refer to in-transit stock of inventory?

• Shipper is the owner of the product

• Stock had been shipped from manufacturing

• Stock had been delivered to the customer

• The shipper carries the product with the full payment

___ is stock that helps business defend against supply chain issues and price increase that could cause stock shortage or additional expenses.

• Dead stock

• Safety stock

• Seasonal stock

• Speculative stock

Which of the following are the functions of warehouse to provide one-stop shopping capability for goods from multiple manufacturers?

• Spot-stocking

• Full-line stocking

• Seasonal stocking

• Value-added services

Bonded warehouse is licensed by the government to store goods prior to ___.

• payment by customer

• payment of customs duties

• check by the customs

• pick up by seller

Which of the following are NOT product handling activities of warehouse operations?

• Product put-away

• Receive inventory

• Order picking

• Replacement stock

What is the impact if warehouse never need to replenishment?

• Active storage area maybe too small

• Order-picking labour inefficiency

• Resulting in temporary stock out

• Picking inefficiency

The business term that involves a mastery of supply chain management including choosing a supplier, agreeing what to buy at certain price and by when is called ___.

• purchasing

• procurement

• stock control

• supply chain management