C1 (1.1)

Which of the following is NOT a role of warehouse and yard management?

• Facilitate the movement of goods

• Inventory holding point

• Manufacturing products

• Cross-dock center

What does the acronym FTA stand for in the context of international trade?

• Free Trade Agreement

• Foreign Trade Association

• Free Transport Agreement

• Financial Trade Agreement

Which of the following is a feature of warehouse and yard management?

• Infrequent Inventory Checks

• Proper Location

• High Employee Turnover

• Limited Space

What is the primary objective of warehouse management?

• Minimize customer interaction

• Reduce product variety

• Increase operational efficiency

• Maximize employee hours

Which method is used for inventory management that involves maintaining a minimum stock level?

• Safety stock inventory

• Just-in-time inventory management

• Economic order quantity

• ABC analysis

What is the purpose of a Container Yard (CY)?

• To sell products directly to consumers

• To store containers before loading or offloading

• To provide customer service

• To manufacture goods

Which of the following is a principle of warehouse management?

• Maximize stock levels

• Control the movement and storage of materials

• Minimize safety measures

• Ignore inventory accuracy

What does the term 'last mile delivery' refer to?

• Delivery to the warehouse

• Delivery to the supplier

• Delivery to the distribution center

• Delivery to the end consumer

Which of the following is a function of warehouse management?

• Marketing products

• Manufacturing products

• Planning product moves

• Customer service

What is the significance of the Trade Balance formula?

• To calculate profit margins

• To assess economic health

• To evaluate employee performance

• To determine shipping costs