WorksheetsITL_Chap1
Total questions: 25
Worksheet time: 13mins
Which of the following best defines logistics management (Council of Logistics Management, 1999)?
Planning, implementing, and controlling flows of goods and information from supplier to distributor
Coordinating marketing and sales functions across the company
Planning, implementing, and controlling the efficient, effective flow and storage of goods, services, and related information from origin to consumption
Managing supplier contracts and negotiations only
Which are the three key functions of logistics management?
Produce – Deliver – Sell
Plan – Implement – Control
Source – Store – Ship
Order – Transport – Invoice
Which of the following is NOT a main flow in supply chains?
Product flow
Information flow
Financial (cash) flow
Marketing flow
Why is transportation considered indispensable in developed economies?
It creates new consumer trends
It reduces the need for production facilities
It enables survival, growth, and global trade through efficient movement of goods and people
It replaces raw material production
Which example illustrates global production networks?
Rice grown and consumed within a single village
iPhone parts designed in the US, produced in multiple countries, and assembled in China
Local farmers’ market distribution
Handmade crafts sold in local stores
Which group of emerging economies is abbreviated as VISTA?
Vietnam, Indonesia, South Africa, Turkey, Argentina
Venezuela, India, Singapore, Thailand, Australia
Vietnam, Italy, Spain, Tunisia, Austria
Venezuela, Indonesia, Sri Lanka, Turkey, Angola
What is the bullwhip effect?
A sudden increase in product quality
Stocking level variability upstream or downstream due to demand uncertainty
A pricing strategy in transportation
A technique for speeding up deliveries
Which of the following helps mitigate the bullwhip effect?
Reducing product quality
Increasing safety stock only
Timely, accurate two-way information flows
Eliminating all suppliers
Which of the following is an example of forward information flow in supply chains?
Customer returns
Advanced shipment notices
Reverse logistics
Payment for goods
Financial flows in supply chains involve:
Product design
Marketing promotion
Backward flows of payments for goods and services
Reverse logistics
What is ‘landed cost’?
Only the production cost at the factory
Production cost plus transportation and other related costs until delivered to customer
Cost of land used for production
Tax-free cost of imported products
Why is freight transportation considered ‘derived demand’?
People always want to travel
Freight exists only because there is demand for products
Carriers create their own demand
Governments regulate freight routes
If demand for transportation is inelastic, it means:
Customers are highly sensitive to changes in price
Customers are not very sensitive to changes in price
Transportation demand disappears
Demand and price change equally
What are service components of freight demand?
Transit time
Reliability
Accessibility
Security
Capability
Which of the following is a key externality of transportation?
Increased wages
Emissions, pollution, and congestion
Higher product quality
Greater employment in retail
What is an Origin–Destination (OD) matrix used for?
Recording financial transactions
Mapping supply contracts
Representing the number of trips from one zone to another in a given period
Measuring marketing effectiveness
Which service component is NOT directly related to freight transportation demand?
Level of inventory
Consistency of transit times
Safety of goods in transit
Product design features
What is the contribution of logistics to Vietnam’s GDP (2020)?
1 - 2%
3.5 - 4%
8 - 10%
15 - 20%
Which mode dominates domestic freight transport in Vietnam?
Rail
Road
Sea
Air
Which of the following is NOT a logistics company operating in Vietnam?
Transimex
DHL
YCH
Tesla Logistics
A supply chain is a (a) of partners who collectively convert a basic commodity into a finished product that is valued by end customers.
The rise of large urban areas with more than 10 million inhabitants is referred to as (a) .
Industry 4.0 is associated with cyber-physical systems, the Internet of Things, cloud computing, and (a) computing.
In demand elasticity, if elasticity < 1, the demand is considered (a) .
In transportation planning, (a) analysis is often used to compare scenarios and key performance indicators (KPIs).
