Inventory - True or False Questions

Indicate whether the statement is true or false. Given the importance of global trade to the United States, a delicate balance exists between security and the efficient flow of global commerce.

• True

• False

Indicate whether the statement is true or false. Beginning in the late 1970s and into the 1980s, the US transportation industry was deregulated. The net result was a less competitive environment.

• True

• False

Indicate whether the statement is true or false. 3. It is not difficult to find and train high-quality personnel for DC operations.

• True

• False

Indicate whether the statement is true or false. 4. Inventory management is not as important as it once was due to other factors that have come into play.

• True

• False

Indicate whether the statement is true or false. 5. The Customs Trade Partnership Against Terrorism (C-TPAT) was put in place to assess the vulnerability of U.S. ports and to deny entry to ships from countries that do not meet U.S. security standards.

• True

• False

Indicate whether the statement is true or false. 6. KPIs cannot be used in connection with distribution center activities as they do not provide tangible, relevant data.

• True

• False

Indicate whether the statement is true or false. 7. The reorder point depends on the orders in-house at that time.

• True

• False

Indicate whether the statement is true or false. 8. While the total world population has been increasing on an absolute basis, the rate of increase has declined.

• True

• False

Indicate whether the statement is true or false. 9. One of the primary tradeoffs at the facility level is space versus equipment.

• True

• False

Indicate whether the statement is true or false. The Regional Trade Agreements, the establishment of the General Agreement on Tariffs and Trade (GATT), and its 1995 successor, the World Trade Organization (WTO) have together led to multilateral trade promotion and lowered barriers to international business transactions.

• True

• False