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Exam 9: Logistics

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Question 21

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Packaging is a logistics activity.

A) True
B) False

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Question 22

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A producer of action figures is in a quandary about where to locate a central warehouse that will serve all of their regional centers for the coming millennium.They have predicted average annual demands for the following locations in the table. Where should they locate their central warehouse?

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Question 23

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________ is a form of warehousing in which smaller outgoing shipments are created from large incoming shipments.

In order for the assignment problem method to yield an optimal solution all of the transportation costs in the area must be identical.

Roadrailers are considered a multimodal solution when all of their capabilities are utilized.

Which of the following is a type of material handling equipment?

Assortment warehousing is a form of warehousing that combines classic operations with light manufacturing and packaging duties in order to assure short customer lead times.

Which of these statements about reverse logistics is BEST?

The mode of transportation that is highly cost effective for bulky items but has relatively poor delivery reliability and speed is:

The solution obtained from an assignment problem is an optimal answer to the problem of shipping goods from multiple sources to multiple destinations.

Between any two locations,a less-than-truckload shipment probably experiences fewer stops and handling than a direct truck shipment.

What percent of North American gross domestic product is accounted for by logistics?

A company interested in consistently achieving a high level of on-time delivery would be best served by the highway or air modalities of transportation.

The drought of 2011 devastated hay crops in the plains states and horse owners ranged far and wide to purchase hay for their horses when winter arrived.Hay can be purchased "up north" for $4 a bale and a few entrepreneurs with large trailers were more than willing to pick up a few hundred bales and haul them south where demand was high.The transportation cost was $6 per bale and a packing and loading cost of $1 was typical.The landed cost of a bale of hay this winter was:

Seasonal goods such as holiday decorations and recreational equipment may be placed in a(n)________ close to the marketplace.

A reverse logistics system handles repairs,recycling and goods that require redeployment elsewhere.

Compare any four transportation modes by volume of goods moved in the United States and apparent strengths and weaknesses.

The transportation mode other than highway with the highest annual tonnage in the United States is:

Your new Garden Weasel fails to "completely satisfy" you so you decide to return it for a full refund.What is the name for the system that will carry your weasel back to the manufacturer?

A logistics manager uses this type of system to select a carrier for an outgoing shipment or to develop a weekly schedule of deliveries.