McqMate
These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Master of Business Administration (MBA) .
| 1. |
………….includes design and administration of systems to control the flow of materials, WIP and finished inventory to support business unit strategy. |
| A. | Logistics Management |
| B. | Materials Management |
| C. | Bill of Materials |
| D. | Distribution Management |
| Answer» A. Logistics Management | |
| 2. |
……………..is a part of development of facility structures. |
| A. | Transportation |
| B. | Warehousing |
| C. | Sorting |
| D. | Logistics |
| Answer» B. Warehousing | |
| 3. |
The sequence of a typical manufacturing supply chain is |
| A. | Storage–Supplier–manufacturing–storage–distributor–retailer–customer |
| B. | Supplier–Storage-manufacturing–storage–distributor–retailer–customer |
| C. | Supplier–Storage-manufacturing– distributor–storage–retailer–customer |
| D. | Supplier–Storage-manufacturing–storage– retailer–distributor–customer |
| Answer» B. Supplier–Storage-manufacturing–storage–distributor–retailer–customer | |
| 4. |
The purpose of supply chain management is |
| A. | provide customer satisfaction |
| B. | improve quality of a product |
| C. | integrating supply and demand management |
| D. | increase production |
| Answer» C. integrating supply and demand management | |
| 5. |
…………..refers to supply chain practices that strive to reduce energy and environmental footprints in terms of freight distribution. |
| A. | Inbound Logistics |
| B. | Green Logistics |
| C. | Outbound Logistics |
| D. | SCM |
| Answer» B. Green Logistics | |
| 6. |
…………..involves streamlining the distribution process in terms of physical and information efficiency. |
| A. | Technical Integration |
| B. | Channel Integration |
| C. | Channel Hierarchy |
| D. | Vertical Marketing System |
| Answer» B. Channel Integration | |
| 7. |
…………..is a function of re-arranging and re- packing as per individual orders. |
| A. | Break- Bulk |
| B. | Warehousing |
| C. | Cross Docking |
| D. | Sorting |
| Answer» C. Cross Docking | |
| 8. |
Properly designed …………..helps in reducing total logistical cost. |
| A. | Logistics |
| B. | Warehouse |
| C. | Distribution |
| D. | Logistical network |
| Answer» D. Logistical network | |
| 9. |
VMI stands for |
| A. | Vendor material inventory |
| B. | Vendor managed inventory |
| C. | Variable material inventory |
| D. | Valuable material inventory |
| Answer» B. Vendor managed inventory | |
| 10. |
.………….is concerned with a firm’s ability to satisfy customer’s requirement in timely manner |
| A. | Minimum Inventory |
| B. | Price stabilization |
| C. | Quality |
| D. | Rapid Responses |
| Answer» D. Rapid Responses | |
| 11. |
The purpose of ……….is to arrive at a realistic projection of demand patters across different market and for different product lines. |
| A. | Demand forecasting |
| B. | Speculation |
| C. | Logistics |
| D. | Supply chain management |
| Answer» A. Demand forecasting | |
| 12. |
EOQ is that order quantity which result in …………total inventory cost. |
| A. | Maximum |
| B. | Minimum |
| C. | Carrying |
| D. | Average |
| Answer» B. Minimum | |
| 13. |
Re-order level depends upon two factors, lead time and ………. |
| A. | Inventory |
| B. | Warehouse |
| C. | Procurement |
| D. | Safety stock |
| Answer» D. Safety stock | |
| 14. |
………..is most suitable for remote and hilly areas. |
| A. | Road transport |
| B. | Railway transport |
| C. | Water transport |
| D. | Pipeline |
| Answer» A. Road transport | |
| 15. |
…………is the fastest mode of transport. |
| A. | Road transport |
| B. | Railway transport |
| C. | Water transport |
| D. | Air Transport |
| Answer» D. Air Transport | |
| 16. |
.…….. represent the frequency of satisfying customer order in given span of time. |
| A. | order cycle time |
| B. | fill rate |
| C. | perfect order |
| D. | system flexibility |
| Answer» B. fill rate | |
| 17. |
3-PL stands for |
| A. | Three points logistics |
| B. | Third party logistics |
| C. | Three points location |
| D. | The Party Logistics |
| Answer» B. Third party logistics | |
| 18. |
Which of the following is not a part of supply chain management system? |
| A. | Supplier |
| B. | Manufacturer |
| C. | Information Flow |
| D. | Competitor |
| Answer» D. Competitor | |
| 19. |
Transportation serves as a ……………. During the movement of product. |
| A. | In-transit storage |
| B. | Warehouse |
| C. | Product storaged. |
| D. | Movement |
| Answer» A. In-transit storage | |
| 20. |
Conveyor belt facilitate continuous movement of material over a ………. Route. |
| A. | Fixed |
| B. | Flexible |
| C. | Rotational |
| D. | Safe |
| Answer» A. Fixed | |
| 21. |
…………..occurs when a company retains core business to perform some of its work Outside |
| A. | .a. Outsourcing |
| B. | KPI |
| C. | 3PL |
| D. | 4PL |
| Answer» A. .a. Outsourcing | |
| 22. |
…………inventory is not the type of inventory based on inventory position in the supply chain. |
| A. | Supplier |
| B. | Manufacturer |
| C. | Retailer |
| D. | Customer |
| Answer» D. Customer | |
| 23. |
DRP stands for |
| A. | distribution requirement planning |
| B. | dividend requirement planning |
| C. | distribution resource planning |
| D. | distribution reverse planning |
| Answer» A. distribution requirement planning | |
| 24. |
The goal of logistics is |
| A. | to achieve a target level of customer service at lowest possible cost |
| B. | to achieve targeted level of customer service. |
| C. | increase in the market share. |
| D. | All of the above. |
| Answer» D. All of the above. | |
| 25. |
EDI stands for |
| A. | Electronic Data Interface. |
| B. | Electronic Data Interchange. |
| C. | Electronic Distribution Intermediary. |
| D. | Electronic Documentation interchange |
| Answer» B. Electronic Data Interchange. | |
| 26. |
Competitive advantage can be created and achieved by logistics managers by |
| A. | cost advantage. |
| B. | Quality. |
| C. | value advantage. |
| D. | cost and value advantage |
| Answer» D. cost and value advantage | |
| 27. |
Real time communication of information regarding requirements and availability of logistics service is the core of |
| A. | right response. |
| B. | right quality. |
| C. | right quantity. |
| D. | right value. |
| Answer» A. right response. | |
| 28. |
The delivery of a damaged product has |
| A. | An increase in its value. |
| B. | A decrease in its value. |
| C. | No change in its value. |
| D. | Better demand. |
| Answer» B. A decrease in its value. | |
| 29. |
The number of stages that the goods and services flow through |
| A. | Add to the complexity of SCM. |
| B. | Relaxes the complexity of SCM. |
| C. | Brings no change in complexity of SCM. |
| D. | Ensures better quality |
| Answer» A. Add to the complexity of SCM. | |
| 30. |
The upstream supply chain is: |
| A. | exclusively inside an organization. |
| B. | involved with procurement of material from suppliers. |
| C. | the distribution of products or delivery of services to customers. |
| D. | both the first and third answer above. |
| Answer» B. involved with procurement of material from suppliers. | |
| 31. |
The downstream supply chain is: |
| A. | xclusively inside an organization. |
| B. | involved with procurement of material from suppliers. |
| C. | the distribution of products or delivery of services to customers. |
| D. | both the first and third answer above. |
| Answer» C. the distribution of products or delivery of services to customers. | |
| 32. |
The correct sequence of an organizations supply chain from a systems perspective is: |
| A. | transformation process, delivery to customers, acquisition of resources. |
| B. | transformation process, acquisition of resources, delivery to customers. |
| C. | acquisition of resources, transformation process, delivery to customers. |
| D. | delivery to customers, acquisition of resources, transformation process |
| Answer» C. acquisition of resources, transformation process, delivery to customers. | |
| 33. |
A supply chain is essentially a sequence of linked: |
| A. | customer and prospects |
| B. | supplier and manufacturer |
| C. | suppliers and customers |
| D. | warehousing and wholesaling units |
| Answer» C. suppliers and customers | |
| 34. |
The …..... has made it possible for other companies to eliminate intermediaries and sell directly to the end consumer. |
| A. | SCM |
| B. | Internet |
| C. | competition |
| D. | global sourcing |
| Answer» B. Internet | |
| 35. |
Value stream mapping is an application of process mapping, developed to apply …..principles to process improvement. |
| A. | Management |
| B. | Lean |
| C. | Supply chain |
| D. | Cycle time |
| Answer» B. Lean | |
| 36. |
…..... is the design of seamless value-added processes across organization boundaries to meet the real needs of the end customer. |
| A. | Operations |
| B. | Supply chain management |
| C. | Process engineering |
| D. | Value charting |
| Answer» B. Supply chain management | |
| 37. |
The variability in demand orders among supply chain participants: |
| A. | cannot be controlled |
| B. | refers to the bullwhip effect |
| C. | can be controlled with electronic order placement |
| D. | is more pronounced in relational exchanges ANSWER: B |
| Answer» B. refers to the bullwhip effect | |
| 38. |
Which of the following statements is true? |
| A. | Supply chain is a subset of logistics. |
| B. | Logistics is a subset of supply chain. |
| C. | Transportation and logistics are same. |
| D. | Logistics and supply chain are same. |
| Answer» B. Logistics is a subset of supply chain. | |
| 39. |
The companies will realize the benefits of implementing IT when which of the following is undertaken? |
| A. | Companies need to invest heavily in information systems. |
| B. | Companies need to automate the existing supply chain systems and processes. |
| C. | Companies need to re-engineer their supply chain structure. |
| D. | Companies need to re-engineer their supply chain structure and undertake revision in the supporting organizational processes. |
| Answer» D. Companies need to re-engineer their supply chain structure and undertake revision in the supporting organizational processes. | |
| 40. |
KAIZEN means |
| A. | Complete improvement |
| B. | Collaborative planning and improvement |
| C. | Continous improvement |
| D. | Continous monitoring |
| Answer» C. Continous improvement | |
| 41. |
The time taken from the moment the buyer places an order to the moment the buyer receives it is defined as ___. |
| A. | Lead time of procurement |
| B. | standard time |
| C. | manufacturing time |
| D. | Cycle time |
| Answer» A. Lead time of procurement | |
| 42. |
We can reduce ___ cost by aggregating the product movement. |
| A. | Inventory cost |
| B. | Transportation cost |
| C. | Order cost |
| D. | Warehouse cost |
| Answer» B. Transportation cost | |
| 43. |
Ultimate objective of E-Logistics is |
| A. | to deliver right products in right quantities at right place and time to the right Customer. |
| B. | to keep more inventory at all stages of Supply chain. |
| C. | To keep only Customers happy at any cost. |
| D. | To keep only Suppliers happy by giving advanced orders. |
| Answer» A. to deliver right products in right quantities at right place and time to the right Customer. | |
| 44. |
E- logistics is |
| A. | movement of product or administration over electronic frameworks, |
| B. | movement of product or administration over Physical frameworks |
| C. | Movement of only product through e channels |
| D. | Movement of information through e channels |
| Answer» A. movement of product or administration over electronic frameworks, | |
| 45. |
The coord’ of Information & Communications Technology (ICT) in business has advanced and |
| A. | has empowered mass customization and cost reduction |
| B. | has improved Mass production quantity and increased cost |
| C. | Has added to unnecessary processes not adding any value |
| D. | None of the above |
| Answer» A. has empowered mass customization and cost reduction | |
| 46. |
------------- are under the scope of e-logistics |
| A. | Suppliers & Distributors |
| B. | Warehouses 3 and 4PL |
| C. | Customers /retailers /end users |
| D. | All of the above |
| Answer» D. All of the above | |
| 47. |
Forward logistics refers to |
| A. | sending material from customers to manufacturers |
| B. | sending material from suppliers to manufacturers |
| C. | sending material from manufactures to suppliers |
| D. | all of the above |
| Answer» B. sending material from suppliers to manufacturers | |
| 48. |
Reverse Logistics is referred to as |
| A. | sending material from customers to manufacturers |
| B. | sending material from suppliers to manufacturers |
| C. | sending material from suppliers to customers |
| D. | all of the above |
| Answer» A. sending material from customers to manufacturers | |
| 49. |
In Reverse Logistics |
| A. | Inventory mgmt strategies may not work properly as in forward |
| B. | less transparent but forward logistics process is visible and transparent |
| C. | speed of shipment is not imp’ but it is the top priority in regular logistics. |
| D. | All of the above |
| Answer» D. All of the above | |
| 50. |
Challenges of E logistics are |
| A. | Availability of talent across levels |
| B. | Govt regulations & policies |
| C. | Physical infrastructure |
| D. | All of the above |
| Answer» D. All of the above | |
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