Logistics and Supply Chain Quiz

What is the primary goal of logistics in a supply chain?

• To increase the number of suppliers

• To ensure the efficient flow of goods and services

• To reduce the number of employees

• To maximize the number of warehouses

Which of the following is NOT a component of the supply chain?

• Suppliers

• Manufacturers

• Customers

• Advertising Agencies

Which transportation mode is typically the fastest for long-distance delivery?

• Rail

• Air

• Sea

• Road

What is the primary purpose of inventory management?

• To increase production costs

• To ensure a surplus of goods

• To maintain optimal stock levels

• To reduce the number of suppliers

Which of the following is a key function of warehousing?

• Product design

• Storage of goods

• Marketing strategy

• Financial auditing

What is the role of global trade regulations in logistics?

• To increase tariffs on all goods

• To standardize international shipping procedures

• To eliminate all trade barriers

• To promote local businesses only

Which of the following best describes the term "logistics"?

• The process of hiring employees

• The detailed coordination of complex operations involving people, facilities, and supplies

• The creation of marketing strategies

• The development of new products

What is a common method used in inventory management to determine when to reorder stock?

• Just-in-time (JIT)

• First-in, first-out (FIFO)

• Last-in, first-out (LIFO)

• Economic order quantity (EOQ)

Which transportation mode is most cost-effective for shipping large quantities of goods over long distances?

• Air

• Road

• Sea

• Rail

What is the primary function of customs in global trade?

• To design new products

• To regulate the import and export of goods

• To manage warehouse operations

• To develop marketing campaigns