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WorksheetsDistribution Management - Final Quiz 2
Total questions: 20
Worksheet time: 9mins
In a contract of carriage, the (a) is the entity who is financially responsible for the receipt of a shipment.
In private warehousing, the property, facility, and accompanying storage and material handling equipment are owned and operated by the firm.
True
False
It causes the warehouse to digest uneven flows of material that require overflow staging areas and costly overtime.
(a)
The longer the lead time, the smaller the lot sizes, and the less the cost of carrying cycle inventories.
True
False
Normally, these warehouses are located close to the source of production or extraction or are at the distribution end of the pipeline where they are close to the consumer.
(a)
Contract warehousing is a form of private warehousing.
True
False
In this arrangement, the public warehouse guarantees either dedicated storage space in the facility isolated from other product/ customer storage by fences or other types of barriers, or a guarantee of general space, but not dedicated, except as is specified by the lessee.
(a)
The more efficient and the lower the cost of transportation, the higher the selling price.
True
False
These public warehouses offer clerical support for such activities as transaction recording; inventory management; order management, picking, and shipping; financial settlement and freight rating; and customer service.
(a)
This type of warehouse is usually characterized by limitations in total space and the complete absence of warehousing services.
(a)
This type of warehouse will improve cash flow by delaying taxes and duties until the goods are actually sold and shipped.
(a)
It is defined as the storage of all goods except specialized or commodity products.
(a)
Normally public warehouses do not insure their customer’s inventories.
True
False
This is a special kind of warehousing in which products are stored in the mode of transportation.
(a)
The cost of full truckloads (TL) shipments costs more per pound than less-than-truckload (LTL) shipments.
True
False
This principle ensures that transporters are utilizing the best choice of vehicles, material handling equipment, and labor that provide the best service for the price.
(a)
The wider the product distribution and the greater the demand, the more producers can leverage economies of scale in production and channel transportation.
True
False
Because of its fixed size and cost, a private warehouse cannot expand and contract to meet changing marketplace needs, nor can it take advantage of possible strategic location options.
True
False
The principle of economy of distance states that as the volume and weight of the load increases the cost of transport decreases.
True
False
This principle emphasizes that material handling equipment placed in transport vehicles and containers should readily fit and maximize cube space.
(a)
