Worksheetsturbo
Total questions: 216
Worksheet time: 4hrs 36mins
The pipeline is used to transport crude petroleum, refined petroleum product and natural gas?
a. True
b. False
(a)
It provides the information needed for transportation purposes. It includes the details of the invoice, the buyer, the consignee, country of origin, transport date, delivery destination, shipping and container marks, weight and volume. It is a more detailed version of commercial invoice and excludes pricing information. It is typically attached to the shipment and a copy is sent to the consignee so that he or she can check the shipment once received
a. Shipping guarantee
b. Packing list
c. Routing guides
d. Transportation management system
(a)
It is a document from a consignee, an owner or agent of a freight carrier that orders the release of the transportation cargo to another party?
a. Delivery order
b. Dock receipt
c. Bill of lading
d. Sea waybill
(a)
It refers to the characteristics that transportation cost per unit of distance decreases as distance increases?
a. Economy of distance
b. Economy of scale
c. Product movement
d. Product storage
(a)
This kind of action is not covered by National Transport Policy?
a. Allocation
b. Cost sharing
c. Duties and taxes
d. Resource generation
(a)
This government agency will exercise its mandate and work clearly with other transport agencies to ensure that all transport modes are integrated and intermodal?
a. BOC
b. DOF
c. DOTr
d. SEC
(a)
The contract of transportation by land or waterway shall be considered commercial if?
a. It is a proof
b. It is a waiver
c. It is an evidence
d. It is an object or merchandise
(a)
It is a node where traffic is transferred from one vehicle to another?
a. Hub
b. Port
c. Station
d. Terminal
(a)
It is the maximum distance of two mutually perpendicular surface that is required by the carrier and led to the tangentially to the heads of the rail?
a. Bore gauge
b. Depth gauge
c. Loading gauge
d. Ring gauge
(a)
It refers to an array of fees, often set in an arbitrary fashion, to reflect temporary conditions that may impact on the costs assumed by the transporter. They also take place when fares are regulated, leaving the operator to find alternative sources of revenue?
a. Shipping guarantee
b. Packing list
c. Surcharges
d. Transportation management system
(a)
The shipper of goods may also be called as consignee
a. True
b. False
(a)
In the absence of bill of lading to settle dispute, a party may present?
a. Legal proof
b. Picture
c. Print screen
Text message
(a)
FedEx is a package carrier company?
a. True
b. False
(a)
Small high-value items that have to travel a long distance are best suited for?
a. Air transport
b. Land transport
c. Water transport
d. Urban transport
(a)
It first surfaced when retail chains began to broaden their geographic reach through more location, and simultaneously increased the variety of products they offered within their stores?
a. Shipping guarantee
b. Packing list
c. Routing guides
d. Transportation management system
(a)
If the shipper or owner merely contributed to the loss, destruction or deterioration of the goods, the proximate thereof being the negligence of the common carrier?
a. Article 1741
b. Article 1742
c. Article 1743
d. Article 1748
(a)
China and India has significant airline industry growth in the 21th Century?
a. True
b. False
(a)
As a service business, seller want to charge their customers the highest freight rate possible while minimizing labor, fuel and vehicle operating costs?
a. True
b. False
(a)
It is the one that specializes in carrying goods in excess of acceptable size?
a. Heavy transport
b. Non-normative transport
c. Normative model transport
d. Over-sized truck transport
(a)
It was develop as uniform international code for transport of dangerous goods by sea covering the packing, container traffic and stowage with particular reference to the segregation of incompatible substances?
a. ABC analysis
b. BOC
c. DOF
d. IMDG
(a)
Water transport is ideal to carry large loads at high cost?
a. True
b. False
(a)
The common carrier’s duty is to observe extraordinary diligence over the goods remains in full force and effect even when they are temporarily unloaded or stored in transit, unless the shipper or owner has made use of the right to stoppage in transitu?
a. Article 1732
b. Article 1737
c. Article 1738
d. Article 1740
(a)
It confirms that cargo has been received for shipment. This document is issued by a shipping company and transfers the accountability for the safe transport of the cargo from the shipper to the carrier. It is also the basis for preparing the bill of lading?
a. Delivery order
b. Dock receipt
c. Bill of lading
d. Sea waybill
(a)
It is the movement of single type of goods from one place of origin to its destination
a. Consolidation
b. Door to door
c. Freight forwarding
d. Transport operations
(a)
A program to allow to augment government resources to gain technology transfer and operational efficiency?
a. Agreement
b. Build, build, build
c. Modernization
d. PPP and Privatization
(a)
It means any material containing radionuclides where both activity concentration and the total activity in the consignment exceed to the specified amount?
a. Gamma rays
b. Hydrogen
c. Isotopes
d. Radioactive material
(a)
The aircraft, rail and truck provide combination of different transportation mode to provided best service to its client?
a. True
b. False
(a)
It is the management of air services such as air traffic control, aeronautical meteorology, air navigation system, air space management, air traffic flow and capacity management?
a. Aeronautics
b. Airline flight
c. Airport routes
d. Air traffic
(a)
It is evidence that there is a contract between a shipper of goods and a carrier. The customer typically needs this original copy as proof and in order to take ownership of the goods. This document includes the conditions under which the transportation was conducted and acts as a receipt. This document may be endorsed or transferred to a third party even while goods are in transit?
a. Delivery order
b. Dock receipt
c. Bill of lading
d. Sea waybill
(a)
It makes a fast transport of goods across long distance origin and destination?
a. Air transport
b. Land transport
c. Sea transport
d. Point to point
(a)
A contract fixing the sum that may be recovered by the owner or shipper for the loss, destruction, or deterioration of the goods is valid, if its reasonable and just under the circumstances and has been fairly and freely agreed upon?
a. Article 1741
b. Article 1742
c. Article 1753
d. Article 1750
(a)
Rapid and reliability are the advantage of package carrier over containerized cargoes?
a. True
b. False
(a)
The government has vested interest in transportation of goods because of the critical importance and reliability of service to people and physical well-being?
a. True
b. False
(a)
It is the year when the Wright Brothers first develop a sustained and powered aircraft?
a. 1900
b. 1901
c. 1902
d. 1903
(a)
It is a transport intermediary that operates in the liner trades who arranges the export of another party’s goods and forward to sea carrier?
a. Door to door
b. Freight forwarder
c. Logistics
d. NVOCC
(a)
In bringing cargos from the airport, the aircraft loading capacity?
a. 10-70 tons
b. 20-80 tons
c. 30-120 tons
d. 50-150 tons
(a)
The package services are a domestic product previously known as fourth-class mail?
a. true
b. false
(a)
He patented the automobile based on internal combustion engine?
a. Enrico Forlanini
b. Frank Duryea
c. Henry Ford
d. Jean Lenoir
(a)
It is a contract that is not needed for cargo and is only issued as a cargo receipt. This document of title is issued on a trust basis between the shipper and importer, which means that no bill of lading is necessary and goods are automatically authorized to be release once they arrive at the destination?
a. Delivery order
b. Dock receipt
c. Bill of lading
d. Sea waybill
(a)
When transacting with the freight forwarding company, the most important thing to look for is?
a. Trucking paper
b. Trucking company office
c. Trucking financial capabilities
d. Accreditation paper
(a)
The costs that are related to the loading, transhipment and unloading?
a. Shipping guarantee
b. Packing list
c. Routing guides
d. Terminal cost
(a)
Transportation refers to the movement of product from one location to another as it makes its way from the beginning of a supply chain to the customer?
a. True
b. False
(a)
It has a great interest in the transportation of goods due to its importance and reliability of service to economy and social well-being of the people?
a. Carrier
b. Consignee
c. Government
d. Shipper
(a)
In 1900, the first car was developed with an internal combustion engine
a. True
b. False
(a)
A persons, corporations, firms or association engaged in the business of carrying or transporting passengers or both by land, water or air for compensation offering their services to the public?
a. Bus driver
b. Common carrier
c. Operator
d. Taxi
(a)
Transportation management systems can improve freight savings?
a. True
b. False
(a)
An agreement limiting the common carrier’s liability for delay on account of strikes or riot is?
a. Fake news
b. For consideration
c. Unlawful
d. Lawful
(a)
The certificate of accreditation for freight forwarding company is valid for?
a. 2 years
b. 3 years
c. 4 years
d. 5 years
(a)
If through the order of public authority the goods are seized or destroyed, the common carrier is not responsible, provided said public authority has power to issue the order?
a. Article 1741
b. Article 1742
c. Article 1743
d. Article 1748
(a)
In case the owner has contributed to the loss destruction or deterioration of the goods the penalty shall be?
a. Decreased
b. Equitably reduced
c. Equitably increased
d. Increased
(a)
The law of the country to which the goods are to be transported shall govern the liability of the common carrier for their loss, destruction or deterioration?
a. Article 1741
b. Article 1742
c. Article 1753
d. Article 1750
(a)
Intermodal transport is the use of more than one mode of transport to its destination?
a. True
b. False
(a)
In this country. the Stockton and Darlington Railway opened and underground railway?
a. America
b. London
c. Taiwan
d. Thailand
(a)
If the common carrier negligently incurs in delay in transporting the goods, a natural disaster shall not free such carrier from responsibility?
a. Article 1732
b. Article 1737
c. Article 1738
d. Article 1740
(a)
An agreement limiting the common carrier’s liability for delay on account of strikes or riots is valid?
a. Article 1741
b. Article 1742
c. Article 1743
d. Article 1748
(a)
A person who is responsible in flying the first commercial jet airline?
a. De Havilland Comet
b. Enrico Forlanini
c. Frank Duryea
d. Jean Lenoir
(a)
A platform that’s designed to streamline the shipping process. It is a subset of supply chain management concerning transportation solutions?
a. Shipping guarantee
b. Packing list
c. Routing guides
d. Transportation management system
(a)
Even if the loss, destruction, or deterioration of the goods should be caused by the character of the goods, or the faulty nature of the packing or of the containers, the common carrier must exercise due diligence to forstall or lessen the loss?
a. Article 1741
b. Article 1742
c. Article 1743
d. Article 1748
(a)
It is a written document issued by the bank which will take on joint liability. It is handed from the importer to the carrier or its agency for picking up the goods. This document is used in case of arrival before shipping documents?
a. Shipping guarantee
b. Packing list
c. Routing guides
d. Transportation management system
(a)
It is intended to provide protection for the item as it is being handled in the warehouse or when the item is being shipped?
a. Packaging
b. Cover
c. Box
d. Truck
(a)
The placement of specific product in selected pallet location is called?
a. Slotting
b. Spotting
c. Slobbering
d. Stepping
(a)
It is a software solution for manufacturing, distribution and retail enterprises and third-party logistics providers (3PLs) that can be used by enterprising organization of all sizes?
a. QMR
b. TRM
c. WMS
d. ABC
(a)
It is to identify the general area and specific warehouse location?
a. Site selection
b. Map location
c. Chosen area
d. Places
(a)
It is the specific location in the warehouse layout
a. Extended storage
b. Active storage
c. Handling
d. Slot
(a)
Can move loads of master cartons both horizontally and vertically but are limited to handling unit loads?
a. Lift trucks
b. Conveyors
c. Towlines
d. Tractor trailers
e. Carousels
(a)
Provide continuous power to four-wheel vehicle?
a. Lift trucks
b. Conveyors
c. Towlines
d. Tractor trailers
e. Carousels
(a)
Consist of a series of bins mounted on an oval track or rack?
a. Lift trucks
b. Conveyors
c. Towlines
d. Tractor trailers
e. Carousels
(a)
Consist of a driver-guided power unit towing one or more four-wheel trailers?
a. Lift trucks
b. Conveyors
c. Towlines
d. Tractor trailers
e. Carousels
(a)
Widely used in shipping and receiving as basic handling device for a number of order selection system?
a. Lift trucks
b. Conveyors
c. Towlines
d. Tractor trailers
e. Carousels
(a)
A specific area of warehouse for order selection?
a. Packing area
b. Parking area
c. Picnic area
d. Picking area
(a)
The additional space to account for increased volume, new products and business opportunities?
a. 10%
b 30%
c 40%
d 20%
(a)
It is a protection against merchandise pilferage, deterioration and any form of operational disruption?
a Scrutiny
b Security
c Safety
d Sanitary
(a)
It is an audit of selected inventory on a cycle schedule?
a Cycle counting
b One on one counting
c System counting
d Random counting
(a)
In purchasing, which is not used as methods & principles in order to comply with all the standards?
a Seller’s origin
b Management approval rule
c Three canvas rule
d Supplier’s accreditation
(a)
It is the most obvious form of deterioration from careless handling?
a Decaying
b Damage
c Weakening
d Wastage
(a)
The selected inventory is positioned in local market warehouse in anticipation of responding to customer needs during the critical sales period?
a Crucial sales
b Spot-stocked
c Periodic stock
d End sales
(a)
It refers to all discrepancies that exist between electronic records that represents the inventory and the physical state of the inventory?
a Electronic failures
b Inventory accuracy
c Program failures
d Inventory discrepancy
(a)
Source of raw materials, component parts, semi-manufactured products and unfinished or non-consumable products that occurs early in the supply chain?
a Suppliers
b Retailers
c Distributors
d Manufacturers
(a)
This type of assortment is to combine inventory from multiple origins into a customized assortment to meet the needs of specific customer?
a Crossdocking
b Assembly
c Storage
d Mixing
(a)
A set of approaches utilized to efficiently integrate suppliers, manufacturers, warehouses, and stores, so that merchandise is produced and distributed at the right quantities, to the right locations and at the right time, in order to minimize system wide costs while satisfying service level requirements?
a TNT Management
b Supply Chain Management
c ABC Supply
d Chain Management
(a)
It consists of order verification and outbound transportation equipment loading?
a Loading
b Stripping
c Handling
d Shipping
(a)
It consists of inventory movements performed within the warehouse?
a In-storage handling
b Handling
c Warehousing
d Safe-keeping
(a)
Commercial provider of individual or multiple integrated service for other entities in the supply chain e.g transportation management, value-added warehousing and distribution and information technology-based services?
a Retailers
b Manufacturers
c Distributors
d Logistics providers
(a)
The products and components are assembled from variety of second-tiers suppliers?
a Assembly
b Mixing
c Storage
d Crossdocking
(a)
Outbound logistics is also called upstream logistics.
a. True
b. False
(a)
The traditional role of customs administration in the Philippine is;
a. Cargo inspector
b. Collector of tax
c. Examiner
d. Taking jurisdiction on everything that moves across the border
(a)
Based on the given information on the concept of supply chain management, it shows that:
a. Logistic is different from supply chain
b. Logistics is part of supply chain
c. Supply chain is part of logistics
d. Supply chain is the same as logistics
(a)
It is a requirement in order to accommodate the laws and regulations of all governing bodies.
a. Documentation
b. Filing
c. Licensing
d Registration
(a)
These are operational locations that are linked by information and transportation.
a. Connecting Point
b. Distribution Center
c. Echelon
d. Nodes
(a)
It is the quality attribute of logistics. The ability to perform the promised service accurately and dependably. It means business should fulfill the promised service accurately.
a. Best Practices
b. Export Performance
c. Performance Level
d. Service Reliability
(a)
Marketing logistics involves getting the right product to the right customer in the right place at the right time. Which one of the following is not included in this process?
a. Controlling the physical flow of goods, services, and information
b. Gathering customer's ideas for new products
c. Implementing the plan for the flow of goods and services
d. Planning the physical flow of goods and services
(a)
A vertical expansion of job duties in order to give the worker more responsibility.
a. Job Design
b. Job Enlargement
c. Job Enrichment
d. Job Rotation
(a)
This is the most advanced phase of international engagement.
a. Free Trade
b. Global Marketplace
c. Globalization
d. Global Trade
(a)
Situational: A supply chain is a network of facilities and distribution options that performs the functions of procurement of materials, transformation of these materials into intermediate and finished products, and the distribution of these finished products to customers. If this is what a supply chain is then we can define supply chain management as the things we do to influence the behavior of the supply chain and get the results we want. The systemic, strategic coordination of the traditional business functions and the tactics across these business functions within a particular company and across businesses within the supply chain, for the purposes of improving the long-term performance of the individual companies and the supply chain as a whole. There is a difference between the concept of supply chain management and the traditional concept of logistics. Logistics typically refers to activities that occur within the boundaries of a single organization and supply chains refer to networks of companies that work together and coordinate their actions to deliver a product to market. Also traditional logistics focuses its attention on activities such as procurement, distribution, maintenance, and inventory management. Supply chain management acknowledges all of traditional logistics and also includes activities such as marketing, new product development, finance, and customer service.
Most of the information on the above paragraph tells about;
a. Freight Forwarding
b. Logistics
c. Supply Chain
d. Supply Chain Management
(a)
Supply chain management systems are inter-organizational systems that enable companies to efficiently handle the flow of goods from suppliers to customers. A supply chain is a network of organizations and facilities that transforms raw materials into products delivered to customers. The purpose of supply chain management is; *
a. Integrating Supply And Demand Management
b. Improve Quality of a Product
c. Increase Production
d. Provide Customer Satisfaction
(a)
Intermediaries play an important role in matching services. *
a. Supply and demand
b. Information and promotion
c. Dealer with customer
d. Manufacturer to product
(a)
The time-related positioning of resources to meet user requirements.
a. Export
b. Import
c. Logistics
d. Transshipment
(a)
It is the physical distribution is the set of activities concerned with efficient movement of finished goods from the end of the production operation to the consumer. *
a. Physical Distribution
b. Freight Forwarding Management
c. Logistics Management
d. Material Management
(a)
The stock of goods held by an external customer which is still the property of the supplier but for which payment is only made when stock is sold or used by the customer.
a. Allocated stock
b. Consignment stock
c. Excess stock
d. Finished good stock
(a)
It encompasses all activities associated with the flow and transformation of goods from the raw material stage, through to the end user, as well as the associated information flows. *
a. Supply Chain
b. Marketing Channel
c. Warehouse
d. Production Line
(a)
It means that all discounts and allowances are factored in the selling price. *
a. Dead net pricing
b. Good pricing
c. Stock pricing
d. All of the above
(a)
It is a form of flexible logistics used to avoid storage and handling of slow moving products through the mainstream of the echeloned logistics structure.
a. Customer Relations Management
b. Delivery Order
c. Flexible Trade
d. Integrated Service Provider
(a)
It is the established arrangement of flow of products from origin to final destination. It is the inventory between a stage in the supply chain and the final customer. This helps when to determine the safety inventories at an individual stage in the supply chain because it will depend not on the local inventory but on the inventory that is available at the previous and next stages and it will help in minimizing the safety inventories for the individual stages.
a. Customer Relationship Management
b. Echelon
c. Responsiveness
d. Reverse Logistics
(a)
A supply chain is a sequence of firms that perform activities required:
a. to create and deliver goods to consumers
b. to create synergy in their training programs
c. to facilitate wholesalers inventory selections
d. to find products that are similar
(a)
The supplier is one that contains the right product or service being delivered to the right customer and right place, at the right time (100% on-time delivery) in the right quantity (100% fill rate) in the right condition and packaging (100% “quality” related to fulfillment), it is also called the perfect order.
a. An order that arrives on time
b. An order that arrives undamaged
c. An order that is easy for the receiver to fill
d. Simultaneous achievement of relevant customer metrics
(a)
In order that the logistics company achieved complete delivery of goods, it is advisable to used;
a. Barcode
b. Warehouse Management Mobile Application
c. Both A and B
d. None of the above
(a)
To reduce inventory management costs, many companies use a system, which involves carrying only small inventories of parts or merchandise, often only enough for a few days of operation.
a. Economic Order Quantity
b. Just-In-Time Logistics
c. Reduction-Inventory Management
d. Supply Chain Management
(a)
Reduction of inventory is a key objective of logistics management.
a. True
b. False
(a)
Most of the companies manage their supply chains through this kind of method. *
a. Knowing competitors
b. Using Information
c. Transportation Modes
d. The Internet
(a)
Customer service is a part of supply chain management
a. Maybe
b. No
c. Sometime
d. Yes
(a)
It is the time required to convert raw material or inventory purchases into sales revenue. *
a. Cash spin
b. Cash to cash conversion
c. Dwell time
d. None of the above
(a)
The process of planning, implementing, and controlling the efficient and effective flow and storage of raw materials, semi-finished and finished products and related information from the point of origin to the point of consumption.
a. Customer Relations Management
b. Delivery Order
c. Flexible Trade
d. Logistics
(a)
Which of the following is not a part of supply chain management system? *
a. Competitor
b. Information flow
c. Manufacturer
d. Supplier
(a)
The ERP streamlines supply chain management by creating effective job scheduling.
a. Maybe
b. No
c. Sometimes
d. Yes
(a)
The major decision areas in supply chain management are: *
a. Location, Production, Distribution, and Marketing
b. Location, Production, Scheduling, and Inventory
c. Location, Production, Inventory
d. Planning, Production, Distribution, and Inventory
(a)
Waterways are natural highways.
a. True
b. False
(a)
Which of the following is not a component of 4PL? *
a. Information
b. Control room
c. Resource providers
d. Recycling
(a)
The warehouse management system provides;
a. Inventory Visibility
b. Picking Of Order Processes
c. Receiving Of Online Order
d. All Of The Above
(a)
It represents the elements of work necessary to complete the logistics related to customer accommodation, manufacturing or procurement.
a. Management Cycle
b. Performance Cycle
c. Product Cycle
d. Production Cycle
(a)
A supply chain is a sequence of firms that perform activities required:
a. To create and deliver goods to consumers
b. To create synergy in their training programs
c. To facilitate wholesalers inventory selections
d. To find products that are similar
(a)
It is a multiform operational integration across a supply chain.
a. Delivery performance
b. Echelon
c. Node
d. Supply Chain Synchronization
(a)
The ratio of time inventory sits idle in comparison to the amount of time being productivity moved to a desired location in supply chain. It is an ecosystem of connected, collaborative data partners, whereby information gets collected, analyzed, and utilized in real time. All stakeholders within the critical path obtain accurate visibility, identify weaknesses, streamline processes, and mitigate risk.
a. Dwell Time
b. Order-Interval Time
c. Processing Time
d. Production Time
(a)
It is the level of performance expected from combined logistical operations.
a. Best Practices
b. Export Performance
c. Service Reliability
d. Supply Chain Output
(a)
It involves shipments from multiple suppliers arriving at a designated time at the handling facility.
a. Cross-Dock Operation
b. Customer Relations Management
c. Delivery Order
Flexible Trade
(a)
Distribution requirements planning is a system for; *
a. Inventory management
b. Distribution planning
c. Both ‘a’ and ‘b’
d. None of the above
(a)
Situational: Lack of Connection With End Customers At the end of the day, customers are the driving force for any logistics company, and the demands set by customers should provide objectives for developing innovative solutions. Customers would like to have flexible options: order online or offline, have a package delivered or pick it up in the store, and the ability to track their shipments at any stage. Faster delivery is another crucial point to work on. Modern customers want their orders to arrive as fast as possible, which requires more local storage and delivery complexity from logistics businesses. An efficient CRM system which gives customers relevant details about the delivery can be extremely helpful. CRM tools provide necessary analytics on customer behavior. These systems work in logistics much the same way as they work for POS systems installed in restaurants. With such tools, companies can analyze demands to inform manufacturers about the optimal production volume and make their own service highly customer-oriented. Customers also want higher transparency when it comes to tracking their orders. Taking into account last mile delivery problems, shipping companies should include offline support in their service. It would be a noticeable advantage if customers could check previously saved delivery information or contact a carrier offline. 77. In the paragraph above, what does CRM stands for;
a. Customer Related Management
b. Customer Relationship Management
c. Customs Relationship Managerial
d. Customs Relationship Management
(a)
Air transport is one of the oldest modes of transportation.
a. True
b. False
(a)
As define, a supply chain is a network of facilities and distribution options that performs the functions of procurement of materials, transformation of these materials into intermediate and finished products, and the distribution of these finished products to customers, procurement means;
a. Buying
b. Organizing
c. Planning
d. Selling
(a)
As used in the supply chain, the end customers means;
a. Buyer
b. Consumer
c. Retailer
d. Wholesaler
(a)
The growing number of firms now outsource some or all of their logistics to some of intermediaries.
a. Channel Members
b. Competitors
c. Cross-Functional Teams
d. Third-Party Logistics Providers
(a)
Card board is also known as corrosive board.
a. true
b. false
(a)
Which of the following is not an area of responsibility for a logistics manager because it deals with the different aspect of buying and selling.
a. Inventory
b. Marketing
c. Purchasing
d. Warehousing
(a)
ERP ensures that production policies are consistent with demand, replenishment is done at the right time, and inventory is lean.
a. Always
b. False
c. Occasionally
d. True
(a)
It is internationally accepted commercial term defining the respective roles of the buyer and the seller. *
a. A-Terms
b. Incoterms
c. Issuing Documents
d. Traceability
(a)
Warehouse management system means;
a. Arranging the warehouse and its inventory.
b. Having and maintaining the appropriate equipment.
c. Managing new stock coming into the facility.
d. All of the above
(a)
E-logistics features: *
a. both ‘c’ and ‘d’
b. none of these above
c. every modification is logged
d. advanced search capabilities
(a)
It provides the correct management of warehouses, transport and materials that integrates different functions of the business process.
a. Customer Relations Management
b. Delivery Order
c. Flexible Trade
d. Integrated Logistics Architecture
(a)
It is the term for the goods available for sale and raw materials used to produce good. It represents one of the most important assets of a business because its turnover represents one of the primary sources of revenue generation and subsequent earnings for the company's shareholders.
a. Equipment
b. Inventory
c. Materials
d. Profit
(a)
A supply chain is essentially a sequence of linked: *
a. customer and prospects
b. warehousing and wholesaling units
c. supplier and manufacturer
d. suppliers and customers
(a)
The stock available to service immediate demand.
a. Available Stock
b. Market Stock
c. Reserved Stock
d. Work-in-progress stock
(a)
Logistics packaging helps in reducing transit damage.
a. True
b. False
(a)
A supply chain is essentially a sequence of linked because it relates both parties.
a. Customer and prospects
b. Supplier and manufacturer
c. Suppliers and customers
d. Warehousing and wholesaling units
(a)
Production should ideally begin when inventory and raw materials are full.
a. Always
b. False
c. Occasionally
d. True
(a)
The deduction from inventory after the manufacturing stage of the component parts was used.
a. Back Flushing
b. Back haul
c. Back Order
d. Bench Marking
(a)
Today, a growing number of firms now outsource some or all of their logistics to intermediaries. *
a. cross-functional teams
b. channel members
c. third-party logistics providers
d. competitors
(a)
It is a systematic process to make the delivery of goods more efficient by determining which goods, in what quantities, and at what location are required to meet anticipated demand. *
a. Distribution Resource Planning
b. Distribution Reverse Planning
c. Distribution Requirement Planning
d. Dividend Requirement Planning
(a)
Rail transport is most suited for rural areas.
a. False
b. Maybe
c. Possible
d. True
(a)
Logistics is the part of the supply chain involved with the forward and reverse flow of these items; *
a. All of the Above
b. Goods
c. Cash
d. Services
(a)
Situational: Warehouse Management Errors Stock errors can sometimes cost a company its reputation. One company lost million because of misplaced goods. Target missed the chance to enter a new and potentially lucrative market in 2015 because, in a significant oversight, product barcodes didn’t match the numbers in the computer system. These notorious examples prove once again that current warehouse management systems leave much to be desired. In an era characterized by technological advancement, it seems insane that stocking procedures aren’t properly facilitated through software. Company learnt from own mistakes, it seems now the company has lodged itself within the world of innovations and disruptive technologies. It recently announced the 2020 launch of a new grocery warehouse. Inside this warehouse, robots will stack and load all the products, significantly optimizing both space and time. A warehouse-management mobile application should use relevant technologies for data collection. The majority of companies still rely on barcode scanners but to make smart, data-driven inventory decisions, this technology leaves much to be desired.
The name of the store in a given example is;
a. Abenson Appliance Center
b. Robinson Supermarket
c. SM Supermarket
d. Walmart
(a)
It is an innovative program to combine small shipments for delivery.
a. Consolidation
b. Echelon
c. Logistics
d. Transshipment
(a)
Julie recognizes that her company needs to provide better customer service and trim distribution costs through teamwork, both inside the company and among all the marketing channel organizations. Julie will begin the practice of (a) .
a. Customer Relationship Management
b. Integrated Logistics Management
c. Intermediation
d. Supply Chain Management
Situational: Major challenges in logistics industry are lack of effective coordination due to inconsistency and fragmentation. There are a lot of people involved in the operations. One of the possible ways to solve this problem is the use of software solutions that synchronizes information between different parties. 62. How does an Enterprise Resource Planning (ERP) helps the supply chain management?
a. Automate the data encoding
b. Automatically create demand when orders are received
c. Creates opportunity when orders are received
d. Organize the flow
(a)
It is the process that can be used by sellers to sell their items to many potential buyers?
a. Buy and sell
b. Forward auction
c. Negotiated sale
d. Reverse auction
(a)
It extends classic Resource Based View to the realm of evolving capabilities?
a. Extended Resource-Based View
b. Interaction Approach
c. Resource-Based View
d. Theory of Dynamic Capabilities
(a)
It argues that relations with outside parties, including suppliers are essential to developing sustainable competitive advantage?
a. Collaborative strategy
b. Global sourcing
c. International sourcing
d. Relational view
(a)
It enables the buying firm to do better job of monitoring various changes throughout the industry?
a. Centralized purchasing
b. Indexing
c. Forecasting
d. Tracking
(a)
A developing discipline and an area of management specialization. It is simple related to purchasing and procurement
a. Supplier
b. Supply and demand
c. Supply depo
d. Supply management
(a)
It is an offer that can be specified to lapse after a stated period?
a. The offer may be accepted
b. The offer may be lapse
c. The offer may be revoked
d. The offer may be rejected
(a)
It is also known as the worldwide integration of engineering, operations, logistics, procurement and even marketing within the upstream portion of a firm’s supply chain?
a. Collaborative strategy
b. Global sourcing
c. International sourcing
d. Relational view
(a)
Customers place order based on need dates. It also called “Drop Dead Date”
a. Advance receipt
b. On the shipment
c. Late shipment
d. On time receipt
(a)
A method of protecting information and communication through the use of codes
a. Cryptography
b. Express authority
c. Pipeline inventories
d. Relevancy value
(a)
It is the delay between receipt of raw materials and the availability of the finished goods produced from them?
a. Break down time
b. Down time
c. Idle time
d. Throughput time
(a)
The finished goods is still under the process of delivery?
a. Cryptography
b. Express authority
c. Pipeline inventories
d. Relevancy value
(a)
One of the fundamental principles of code of ethics that deals with the safekeeping of information’s and important data of the organization?
a. Benchmarking
b. Confidentiality
c. Information
d. Technology
(a)
A thorough indoctrination of the company with sourcing strategy, implementation of new procedures monitoring of sourcing activities, feedback mechanism for evaluation and refinement of sourcing processes?
a. Come and go
b. Implementation and evaluation
c. In and out
d. Running and playing
(a)
Changes in demand and purchasing management practices during the last couple of decades have altered the way that organizations manage supplier relationships?
a. True
b. False
(a)
It means self-interest seeking on the part of an organization involving some kind of guile or deliberate deceit?
a. Asset specificity
b. Opportunism
c. Outsourcing
d. Transaction cost
(a)
Higher quality level expressed in terms of lower defect rate usually pushes the purchase to?
a. Higher price
b. High price
c. Highest price
d. Lower price
(a)
It is the sum of techniques, skills, methods and process used in the production of the product?
a. Benchmarking
b. Confidentiality
c. Information
d. Technology
(a)
It refers to the degree of excellence of a product?
a. Demand
b. Price
c. Quality
d. Quantity
(a)
This must be made clear that any supplier who submits an offer without guaranty will not be considered?
a. Bonding
b. Quotations
c. Mutual consideration
d. Supply chain technology
(a)
Which among the following is not part of the type of purchase situation?
a. Straight purchase
b. Modified purchase
c. Complex purchase
d. New purchase
(a)
This refers to contracting out functions or activities outside of the organization
a. Asset specificity
b. Opportunism
c. Outsourcing
d. Transaction cost
(a)
It focuses on the unique resources and capabilities controlled by the firm as sources of sustainable competitive advantage?
a. Extended Resource-Based View
b. Interaction approach
c. Resource-Based View
d. Theory of Dynamic Capabilities
(a)
These are semi-processed materials intended for further processing?
a. Commodities
b. Inventory
c. Supplies
d. Raw materials
(a)
It promotes the effective use of purchasing professionals because it allows the supply manager to be more authoritative and credible?
a. Centralized purchasing
b. Decentralized purchasing
c. Full purchasing
d. Initial purchasing
(a)
Situational: Most businesses identify supplies through inventory and its important to have inventory management to assure an organized and well-prepared inventory. This is vital since inventory is generally considered as a safety factor or the lubrication between different parts in the supply chain. Company X is new in the business of selling fabrics for the clothing industry. What branch of business management will Company X should apply to cover the planning and control of the inventory?
a. Inventory management
b. Planning and control
c. Supply chain
d. Supply management
(a)
It emerges as a response to the development of competitive advantage in situations where resources and capabilities are held beyond the boundary of the firm?
a. Extended Resource-Based View
b. Interaction Approach
c. Resource-Based View
d. Theory of Dynamic Capabilities
(a)
If the purchase became successful, this enables the electronic transfer of business information between trading partners (B2B) through a standardized format?
a. EDI
b. SCM
c. TCE
d. TQM
(a)
It is important for the purchasing managers to receive the best value for the company?
a. Bonding
b. Quotations
c. Mutual consideration
d. Supply chain technology
(a)
Situational: Eagle Star Logistics is a local logistics company that operates nationwide. Recently, they are in the process of transitioning nationwide to reach neighboring countries. Eagle star logistics is planning to tie up to a service provider who can help them operate in other countries near the Philippines. What is the process that Eagle star Logistics should do to associate with other companies?
a. Purchase process
b. Strategic outsourcing
c. Supply partnership
d. Total quality management
(a)
Company X will sell and replace its stock of goods during a given period. It considers the cost of goods sold, relative to its average inventory for a year or in any a set period of time. This is an inventory between facilities that process materials at different rates
a. Decoupling stock
b. Inventory turnover
c. Safety stock
d. Speculative stock
(a)
It is a written guaranty from a third party submitted to the customer or client by a contractor with his bid?
a. Bid bond
b. Firm offer
c. Option contract
d. Oral contract
(a)
It is used to protect governmental agencies from unqualified bidders?
a. Bonding
b. Quotations
c. Mutual consideration
d. Supply chain technology
(a)
It is defined as the extent to which the investments made to support a particular transaction have a higher value with regard to that transaction than they would have if they were redeployed for any other purpose?
a. Asset specificity
b. Opportunism
c. Outsourcing
d. Transaction cost
(a)
This phase involves developing sourcing strategies, setting clearly outlined areas to cut cost and improve profitability?
a. Organizational development
b. Organizational dream
c. Organizational plan
d. Organizational strategies
(a)
It is a guide of principles designed to help professionals conduct business honesty?
a. Code of ethics
b. Mission
c. Social responsibility
d. Vision
(a)
The action of King and Queen Manufacturing Co. is a process of working with certain suppliers on a one-to-one basis to improve their performance for the benefit of the buying organization
a. Supplier assessment
b. Supplier relationship
c. Supplier development
d. Supply and demand
(a)
Increasingly firms are recognizing that business success also depends upon a third perspective of value
a. Cryptography
b. Express authority
c. Pipeline inventories
d. Relevancy value
(a)
Which of the following is not included in the terms of contract?
a. Price and credit terms
b. Quality of contract
c. Quality of insurance
d. Quality of contract
(a)
A historic period beginning in 20th century and characterized by the rapid shift from traditional industry to an economy?
a. Information age
b. Right age
c. Computer age
d. Industrial age
(a)
It is used as a diagnosis process that identifies opportunities for increased profitability?
a. Monthly audit
b. Ordinary audit
c. Sourcing audit
d. Stock audit
(a)
The quality level of material purchased must meet the desired objective of the company. it is one of the desirable objective to improve the products to its buyers?
a. Firm’s mission
b. Firm’s option
c. Firm’s competitive priorities
d. Firm competitive plan
(a)
Purchasing managers and buyers evaluate suppliers on the basis of:
a. Price and quality
b. Price, quality and support
c. Quantity
d. Support
(a)
It depends on the volume or amount purchased and the quality level desired and the desired lead time?
a. Cost per piece
b. Cost per unit of material
c. Cost only
d. Cost per dozen
(a)
It is a proposal made to someone to offer into a contract and an invitation?
a. Bid bonds
b. Contract
c. Letter
d. Offer
(a)
This manages the flow of materials, their transformation into finished goods and then ultimate delivery as finished goods to the final buyer?
a. Bonding
b. Mutual consideration
c. Quotations
d. Supply chain technology
(a)
If Company X will measure the number times during a year the average stock is used up, he should prepare to use?
a. Decoupling stock
b. Inventory turnover
c. Safety stock
d. Speculative stock
(a)
They develop options that can help business units remain competitive?
a. Business professionals
b. Forecasting professionals
c. Purchasing professionals
d. White collar professionals
(a)
This refers to how good something is compared to other similar things. In other terms, it is the degree of excellence in a product?
a. Demand
b. Price
c. Quality
d. Quantity
(a)
This kind of stock is used to protect against these unpredictable events and prevent disruptions in manufacturing?
a. Decoupling stock
b. Inventory turnover
c. Safety stock
d. Speculative stock
(a)
Situational: the King and Queen Manufacturing Co. decided to widen their operations to manufacture more variety of shoes but the manufacturing company noticed that their current suppliers have a hard time to provide supplies due to the high demand of raw materials. They decided to check for other suppliers that can accommodate the supply they need. What must be the first thing to do to the purchasing process of the given scenario?
a. Evaluate a company
b. Order raw materials
c. Select a new supplier
d. Specify a new company
(a)
The trend toward partnership suppliers certainly indicates a growing interpretation of supplier relationships as relying on soft values, such as trust, commitment and mutuality?
a. True
b. False
(a)
The firms that compete in volatile markets and face rapidly changing product or technology require greater flexibility than firms competing?
a. Stable market
b. Weak market
c. Busy market
d. Unstable market
(a)
It is conformed to the purchasing manager by the principals?
a. Cryptography
b. Express authority
c. Pipeline inventories
d. Relevancy value
(a)
The sum total of the ways in which an organization divides its labor into distinct tasks?
a. Organizational development
b. Organizational output
c. Purchase group
d. Purchasing organizational structure
(a)
Supply managers, buyers and purchasing agents seek to obtain the highest quality merchandise in this category?
a. High cost
b. Low cost
c. Lower cost
d. Lowest cost
(a)
It is the cost incurred in making any economic exchange, for instance when buying or selling goods and services?
a. Asset specificity
b. Opportunism
c. Outsourcing
d. Transaction cost
(a)
The work required to move and geographically position inventory?
a. Economic value
b. Logistics
c. Market value
d. Supply chain management
(a)
It is about presenting an attractive assortment of products at the right time and place to realize effectiveness?
a. Economic value
b. Logistics
c. Market value
d. Supply chain management
(a)
It refers to the extent when suppliers can accommodate a customer’s request?
a. Flexibility
b. Innovative
c. Managerial strategy
d. Manufacturing style
(a)
A company will incur cost in making economic exchange when buying or selling goods and services?
a. Dynamic capabilities
b. Opportunism
c. Outsourcing
d. Transaction cost
(a)
He is a purchasing agent who doesn’t have the express authority to approve orders?
a. Emergency authority
b. Express authority
c. Implied authority
d. Pipeline inventories
(a)
It consists of multiple firms collaborating to leverage strategic positioning and to improve operating efficiency?
a. Economic value
b. Logistics
c. Market value
d. Supply chain management
(a)
Builds an economy on scale in operations as the source of efficiency?
a. Economic value
b. Logistics
c. Market value
d. Supply chain management
(a)
It has a great interest in the transportation of goods due to its importance and reliability of service to economy and social well-being of the people?
a. Carrier
b. Consignee
c. Government
d. Shipper
(a)
