Round 2 - Question 1

1. Round 2 - Question 1 The distance factor involving the location of nodes, or fixed points in the logistics system is referred to as: a. spatial relationship b. temporal intensity c. density d. ruler variance

2. Round 2 - Question 1 The distance factor involving the location of nodes, or fixed points in the logistics system is referred to as: a. spatial relationship b. temporal intensity c. density d. ruler variance

3. Round 2 - Question 2 Selection of air freight transportation, over a motor carrier, even if the choice increases transportation costs, might be justified if: a. the reputation of the company is improved through the use of higher priced transportation b. the customer receives the order before the ordered delivery date c. total logistics costs are lowered d. transit time is not a factor

4. Round 2 - Question 2 Selection of air freight transportation, over a motor carrier, even if the choice increases transportation costs, might be justified if: a. the reputation of the company is improved through the use of higher priced transportation b. the customer receives the order before the ordered delivery date c. total logistics costs are lowered d. transit time is not a factor

5. Round 2 - Question 3 What medium is used to move coal in slurry lines? a. compressed air b. gas c. water d. vacuum e. none of the above

6. Round 2 - Question 3 What medium is used to move coal in slurry lines? a. compressed air b. gas c. water d. vacuum e. none of the above

7. Round 2 - Question 4 Determining where to locate a plant or warehouse involves consideration of all of the following factors: a. community services b. level of local union activity c. zoning laws d. location of existing and potential customers e. all of the above

8. Round 2 - Question 4 Determining where to locate a plant or warehouse involves consideration of all of the following factors: a. community services b. level of local union activity c. zoning laws d. location of existing and potential customers e. all of the above

9. Round 2 - Question 5 As of May of 1999, ocean transport is being deregulated. This will allow: a. carriers to price their offerings without the need to publish rates b. confidential “all trade” service contracts between carriers and shippers c. a. and b. above d. none of the above

10. Round 2 - Question 5 As of May of 1999, ocean transport is being deregulated. This will allow: a. carriers to price their offerings without the need to publish rates b. confidential “all trade” service contracts between carriers and shippers c. a. and b. above d. none of the above

11. Round 2 - Question 6 If demand increases by 10% and the value of each unit increases by 10%, what will happen to the EOQ? (Assume that everything else remains the same). a. the EOQ will increase by 10% b. the EOQ will increase by 20% c. the EOQ will decrease by 10% d. the EOQ will decrease by 20% e. the EOQ will remain the same

12. Round 2 - Question 6 If demand increases by 10% and the value of each unit increases by 10%, what will happen to the EOQ? (Assume that everything else remains the same). a. the EOQ will increase by 10% b. the EOQ will increase by 20% c. the EOQ will decrease by 10% d. the EOQ will decrease by 20% e. the EOQ will remain the same

13. Round 2 - Question 7 Which of the following strategies are mass merchant retailers generally pursuing: a. more “FOB Delivered” terms b. more “FOB Origin” Terms c. putting less emphasis on terms and more emphasis on first time cost d. making freight cost the supplier’s problem

14. Round 2 - Question 7 Which of the following strategies are mass merchant retailers generally pursuing: a. more “FOB Delivered” terms b. more “FOB Origin” Terms c. putting less emphasis on terms and more emphasis on first time cost d. making freight cost the supplier’s problem

15. Round 2 - Question 8 As the number of warehouses used by a company increases: a. transport costs will decrease; inventory cost and cost of lost sales will increase b. transport costs and cost of lost sales will increase; inventory costs will decrease c. transport costs and inventory cost will decrease; cost of lost sales will increase d. transport costs and cost of lost sales will decrease; inventory costs will increase e. none of the above

16. Round 2 - Question 8 As the number of warehouses used by a company increases: a. transport costs will decrease; inventory cost and cost of lost sales will increase b. transport costs and cost of lost sales will increase; inventory costs will decrease c. transport costs and inventory cost will decrease; cost of lost sales will increase d. transport costs and cost of lost sales will decrease; inventory costs will increase e. none of the above

17. Round 2 - Question 9 Which type of warehouse is used when a company wishes to store goods that will be used as collateral? a. bonded b. financial c. field d. private

18. Round 2 - Question 9 Which type of warehouse is used when a company wishes to store goods that will be used as collateral? a. bonded b. financial c. field d. private

19. Round 2 - Question 10 Giving or sending a purchase order to a supplier: a. results in a contract when the acknowledgment copy is returned by the supplier to the purchaser b. results in a contract only when the supplier ships the material c. creates a contract d. must be done in at least two copies to be legal e. none of the above

20. Round 2 - Question 10 Giving or sending a purchase order to a supplier: a. results in a contract when the acknowledgment copy is returned by the supplier to the purchaser b. results in a contract only when the supplier ships the material c. creates a contract d. must be done in at least two copies to be legal e. none of the above