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The key factors in modal determination when comparing the trade-off between cost and service include:

A.

distance and load size.

B.

carner capacity and distance.

C.

distance and carrier rates.

D.

carrier rates and load size.

When defining the business requirements of a new distribution center, one of the first requirements to be considered is the

A.

type of construction material needed.

B.

customer service levels to be met

C.

calculation of the planned staffing levels

D.

development of the material handling equipment lists.

Which of the following terms of payment should an international purchasing manager use to guarantee that the shipment is made and the shipper gets paid for their product?

A.

Letter of credit

B.

Open account

C.

Sight draft

D.

Cash in advance

Which of the following statements best reflects the intent of a shipper and a carrier who are negotiating a contract utilizing the integrative bargaining technique?

A.

The shipper is integrating its shipping needs and the carrier is integrating its market power to achieve better contract terms individually.

B.

The shipper and the carrier are attempting to understand each other's needs to create mutually beneficial contract terms.

C.

The shipper and the carrier are making anintegratedeffort to make extreme demands followed up by small, slow concessions.

D.

The shipper and the carrier are in direct conflict with each other's goals and are attempting to take advantage of each other.

Which of the following terms refers to an integrated approach of simultaneously selling to consumers through multiple distribution channels?

A.

Omni-channel

B.

Multi-channel

C.

Business-to-consumer (B2C)

D.

E-commerce

When a company decides not to purchase insurance to cover a risk, it is pursuing what type of risk strategy?

A.

Retention

B.

Transfer

C.

Mixed

D.

Mitigation

Given the data below, calculate the reorder point (ROP)

Average daily demand = 30 units/day

Lead time = 4 days Safety stock = 20

A.

30 units

B.

80 units

C.

120 units

D.

140 units

A company that utilizes barges as a major mode of transportation would typically navigate in:

A.

global maritime routes.

B.

land bridges.

C.

inland waterways.

D.

intermodal transportation.

A customer is looking to purchase product from a company. Which of the following outputs of outbound order management would the customer consider primary?

A.

Order cycle time

B.

Logistics operations responsiveness

C.

Postsale logistics support

D.

Product availability

Which of the following theories is illustrated in the list below?

Stage 1: A new product is created to fill a domestic need and produced locally.

Stage 2: The newly created product is offered to international customers.

Stage 3: International customers develop expertise and offer the product at a lower cost to the original country.

A.

International product life cycle theory

B.

Porter's cluster theory

C.

Sheffi's logistics cluster theory

D.

Theory of Comparative Advantage