McqMate
These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Master of Commerce (M.com) .
| 51. |
Expand SPC |
| A. | Standard process control |
| B. | Statistical performance control |
| C. | Standard production control |
| D. | Statistical production control |
| Answer» C. Standard production control | |
| 52. |
Which of the following is not included in the logistic costs? |
| A. | Storage of material and waste |
| B. | External and internal transport |
| C. | Storage of semi-finished products |
| D. | None of these |
| Answer» D. None of these | |
| 53. |
Which cost element is included in inventory holding? |
| A. | Service cost |
| B. | Risk cost |
| C. | Storage cost |
| D. | All of these |
| Answer» D. All of these | |
| 54. |
Which of the following is considered as fixed cost for supply chain costing? |
| A. | Driver salary |
| B. | Depreciation of vehicle |
| C. | Warehouse building property tax |
| D. | All of these |
| Answer» D. All of these | |
| 55. |
Which of the following is not included in logistics costs? |
| A. | Storage of material and waste |
| B. | External and internal transport |
| C. | Storage of semi-finished products |
| D. | None of these |
| Answer» D. None of these | |
| 56. |
What refers to the distance to and from a delivery zone? |
| A. | Drop distance |
| B. | Stem distance |
| C. | Petal distance |
| D. | None of these |
| Answer» B. Stem distance | |
| 57. |
Which logistics net work modeling technique, is often referred to a “rule of thumb”? |
| A. | Optimization modeling |
| B. | Simulation models |
| C. | Heuristic model |
| D. | None of these |
| Answer» C. Heuristic model | |
| 58. |
Which of the following document is a contract between the owner of goods and carrier (as with domestic shipments)? |
| A. | Consular invoice |
| B. | Commercial invoice |
| C. | Certificate of value |
| D. | Bill of lading |
| Answer» D. Bill of lading | |
| 59. |
What is included in the product segmentation while undertaking supply chain segmentation? |
| A. | Size |
| B. | Temperature regime |
| C. | Hazard |
| D. | All of these |
| Answer» D. All of these | |
| 60. |
Which phase of supply chain design process, decides on which market will be supplied from which locations? |
| A. | Supply chain strategy |
| B. | Supply chain planning |
| C. | Supply chain operation |
| D. | None of these |
| Answer» B. Supply chain planning | |
| 61. |
Which aggregate planning strategy, involves a stable machine capacity and workforce are maintained with a constant output rate? |
| A. | Chase strategy |
| B. | Flexibility strategy |
| C. | Level strategy |
| D. | None of these |
| Answer» A. Chase strategy | |
| 62. |
Which of the following is not a part of logistics? |
| A. | Production scheduling |
| B. | Replenishment |
| C. | Procurement |
| D. | Meandering |
| Answer» D. Meandering | |
| 63. |
Which of the following transportation modes used for digital products? |
| A. | Raid |
| B. | Truck |
| C. | Air |
| D. | Internet |
| Answer» D. Internet | |
| 64. |
Non destructive methods of inspecting and identify goods in transportation systems is called |
| A. | Radiography |
| B. | Cargo scanning |
| C. | Produce inspection |
| D. | Goods verification |
| Answer» B. Cargo scanning | |
| 65. |
The word ‘logistics’ is derived from the French word ………….. |
| A. | Logic |
| B. | Logger |
| C. | Longer |
| D. | Logos |
| Answer» B. Logger | |
| 66. |
Logistics is typically considered as a subset of …………… |
| A. | Marketing |
| B. | Supply chain management |
| C. | Human resource management |
| D. | None of these |
| Answer» B. Supply chain management | |
| 67. |
CPFR stands for |
| A. | Collection Planning Forecasting and Replacement |
| B. | Collaborative Planning Forecasting and Reflective |
| C. | Collaborative Planning Forecasting and Replacement |
| D. | Collaborative Planning Forecasting and Replenishment |
| Answer» D. Collaborative Planning Forecasting and Replenishment | |
| 68. |
4PL stands for |
| A. | Fourth Party Logistic Provider |
| B. | Four Point Logistics Provider |
| C. | Location Provider |
| D. | None of these |
| Answer» A. Fourth Party Logistic Provider | |
| 69. |
Integrated logistics systems included |
| A. | Materials management |
| B. | Materials flow systems |
| C. | Physical distribution supported by information technology |
| D. | All of the above |
| Answer» C. Physical distribution supported by information technology | |
| 70. |
A supply chain is made up of a series of process that involve an input, a ………….., and an output |
| A. | Shipment |
| B. | Supplier |
| C. | Customer |
| D. | Transformation |
| Answer» D. Transformation | |
| 71. |
“3PL”involves using a supplier to provide …………….service |
| A. | Marketing |
| B. | Design |
| C. | Logistics |
| D. | Contract manufacture |
| Answer» C. Logistics | |
| 72. |
………….. is a tool to chart how individual process are currently be conducted and to help lay out to new improve process |
| A. | Process mapping |
| B. | Pareto charting |
| C. | Supply chain design |
| D. | Design chain mapping |
| Answer» A. Process mapping | |
| 73. |
…………..are the products that emerge when new products arrive to replace old products |
| A. | Innovative products |
| B. | Replacement products |
| C. | Imitative products |
| D. | All of these |
| Answer» B. Replacement products | |
| 74. |
………… was the first kind of packaging Materials used in the history |
| A. | Basket |
| B. | Glass |
| C. | Metal |
| D. | None of these |
| Answer» A. Basket | |
| 75. |
Which of the following is not an input into logistics |
| A. | Land |
| B. | Competitive advantage |
| C. | Facilities |
| D. | Equipment |
| Answer» B. Competitive advantage | |
| 76. |
…………. is referred as professional working in the field of logistics management? |
| A. | Manager |
| B. | Warehouse man |
| C. | Logistician |
| D. | None of these |
| Answer» C. Logistician | |
| 77. |
What is the primary objective for material management? |
| A. | Efficient materials planning |
| B. | Maintaining good supplier and customer relationship |
| C. | Supply and distribution of materials |
| D. | All of these |
| Answer» B. Maintaining good supplier and customer relationship | |
| 78. |
Which of the following is not a function of wholesaler? |
| A. | Stock holding |
| B. | Sub distribution |
| C. | Promotion |
| D. | None of these |
| Answer» D. None of these | |
| 79. |
The length of time for which sellers extend credit terms to buyers is known as …………. |
| A. | Marker |
| B. | Dating |
| C. | Buying |
| D. | Price tag |
| Answer» B. Dating | |
| 80. |
Where production logistics is primarily applied? |
| A. | Manufacturing plants |
| B. | Ware houses |
| C. | Stock rooms |
| D. | None of these |
| Answer» A. Manufacturing plants | |
| 81. |
…………describesthe process of logistics within the industry |
| A. | Management logistics |
| B. | Production logistics |
| C. | Logisticians |
| D. | None of these |
| Answer» B. Production logistics | |
| 82. |
…………. Is referred as a professional working in the field of logistic management? |
| A. | Manager |
| B. | Ware house man |
| C. | Logistician |
| D. | None of these |
| Answer» C. Logistician | |
| 83. |
A systematic process for originating, developing and evaluating new product ideas is known as …………. |
| A. | Marketing research |
| B. | Product planning & development |
| C. | Market forecast |
| D. | All of these |
| Answer» B. Product planning & development | |
| 84. |
…………. refers to the process of having the right item in the right quantity at the right time at the right place for the right condition to the right customers |
| A. | Business logistics |
| B. | Engineering logistics |
| C. | Management logistics |
| D. | None of these |
| Answer» D. None of these | |
| 85. |
It has been believed that the concept of the logistics originated from the ………….. |
| A. | Government |
| B. | Military |
| C. | People |
| D. | None of these |
| Answer» B. Military | |
| 86. |
What is the primary function of a logistician |
| A. | Inventory management |
| B. | Selling |
| C. | Packing |
| D. | None of these |
| Answer» A. Inventory management | |
| 87. |
Which of the following is an output of logistics |
| A. | Land |
| B. | Facilities |
| C. | Competitive advantage |
| D. | Equipment |
| Answer» C. Competitive advantage | |
| 88. |
A company’s channel decisions directly affect every …………… |
| A. | Marketing decision |
| B. | Employee in the channel |
| C. | Competitor’s action |
| D. | Channel member |
| Answer» A. Marketing decision | |
| 89. |
What does ROP expands to |
| A. | Repeat Order Quantity |
| B. | Reorder Quantity |
| C. | Reorder-Point |
| D. | Repeat Order Point |
| Answer» C. Reorder-Point | |
| 90. |
The objectives of logistics is |
| A. | Rapid response |
| B. | Consolidated movement |
| C. | Create visibility |
| D. | All of these |
| Answer» D. All of these | |
| 91. |
To reduce inventory management costs , many companies use a system called ………….. , which involves carrying only small inventories of parts or merchandise , often only enough for a few days of operation |
| A. | Reduction inventory management |
| B. | Supply chain management |
| C. | Economic order quantity |
| D. | Just in time logistics |
| Answer» D. Just in time logistics | |
| 92. |
In a supply chain, material flows in one direction while ………….. from in both direction |
| A. | Process |
| B. | Information |
| C. | Product |
| D. | Semi-finished goods |
| Answer» B. Information | |
| 93. |
Today, a growing number of firms now out source some or all of there logistics to ……………. Intermediaries |
| A. | Competitors |
| B. | Third party logistics providers |
| C. | Channel members |
| D. | Cross functional team |
| Answer» B. Third party logistics providers | |
| 94. |
What are the two basic type of the production system? |
| A. | Automated & manual |
| B. | Intermittent & non –intermittent process |
| C. | Normal and continuous process |
| D. | Continuous process and batch |
| Answer» B. Intermittent & non –intermittent process | |
| 95. |
Efficiency is defined by |
| A. | Actual output divided by design capacity |
| B. | Capacity divided by utilization |
| C. | Effective capacity divided by actual output |
| D. | Actual output divided by effective capacity |
| Answer» D. Actual output divided by effective capacity | |
| 96. |
A big advantage of process layout is |
| A. | It is flexibility |
| B. | It low cost |
| C. | The ability to employee low skilled labor |
| D. | It is a high equipment utilization |
| Answer» D. It is a high equipment utilization | |
| 97. |
Selecting suppliers and purchasing item is called ………….. |
| A. | Negotiation |
| B. | Procurement |
| C. | Contracting |
| D. | Selection |
| Answer» B. Procurement | |
| 98. |
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» A. provide customer satisfaction | |
| 99. |
Logistics is the part of supply chain involved with the forward and reverse flow of |
| A. | goods |
| B. | services |
| C. | cash |
| D. | all of the above |
| Answer» D. all of the above | |
| 100. |
Distribution requirements planning is a system for |
| A. | inventory management |
| B. | distribution planning |
| C. | both ‘a’ and ‘b’ |
| D. | none of the above |
| Answer» C. both ‘a’ and ‘b’ | |
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