KAHOOT CHAPTER I OVERVIEW LOGISTICS AND SUPPLY CHAIN

1. Logistics clearly contributes to____ and ____ utility.

• A. Time, place

• B. Place, form

• C. Possession, time

• D. Form, time

2. Which of the following is not a reason for the increased importance of logistics?

• A. Reduction in economic regulation

• B. Growing power of manufacturers

• C. Technological advance

• D. Globalization of trade

3. What concept refers to “how well company resources are used to achieve what a company promises it can do?”

• A. Efficiency

• B. Productivity

• C. Reengineering

• D. Effectiveness

4. ______ are stores with large amounts of both floor space and product for sale

• A. Mass merchandisers

• B. Big-box retailers

• C. Power retailers

• D. Do-it-yourself (DIY) retailers

5. The four general types of economic utility are production, possession, time and place

• A. True

• B. False

6. Logistics is only concerned with forward flows, that is, those directed towards the points of consumption.

• A. True

• B. False

7. Transportation represents the costliest logistics activity in many organizations

• A. True

• B. False

8. The movement and storage of materials into a firm refers to:

• A. Physical distribution

• B. Materials management

• C. Supply chain management

• D. Materials handling

9. “Logistics is the function responsible for controlling the flow of materials from_________”

• A. Supplier to producer, and then out to customer

• B. Producer to customer

• C. Producer to wholesaler and retailer

• D. Supplier to producer

10. The overall aim of logistics is to:

• A. Achieve high customers satisfaction

• B. High quality service

• C. Acceptable cost

• D. All answers are right