Operations and Logistics Quiz Review

What is the purpose of distribution?

• To categorize and sort goods

• To transport goods to their final destinations

• To ensure efficient operations of vehicles

• To monitor driver performance

What does fleet management involve?

• Categorizing and sorting goods

• Transporting goods to final destinations

• Managing vehicles and tracking their location

• Monitoring driver performance

What is gross margin?

• Sales revenue minus cost of goods sold

• Margin after subtracting all expenses

• Margin before subtracting any expenses

• Cost of goods sold minus sales revenue

What are inputs in the context of manufacturing?

• Resources used to make goods and services

• The end result of the manufacturing process

• The daily functioning of an organization

• The creation of usable goods

What does logistics involve?

• Managing vehicles and tracking their location

• Optimizing the flow of inputs and outputs

• Categorizing and sorting goods

• Transporting goods to final destinations

What is manufacturing?

• The making of products from raw materials

• Using technology and assembly lines for production

• Managing vehicles and tracking their location

• The daily functioning of an organization

What is mass production?

• The creation of usable goods

• The making of products from raw materials

• Using technology and assembly lines for production

• Managing vehicles and tracking their location

What does operations involve?

• The creation of usable goods

• Managing vehicles and tracking their location

• The daily functioning of an organization

• Optimizing the flow of inputs and outputs

What is the output of a manufacturing process?

• The end result of the process

• Resources used to make goods and services

• The daily functioning of an organization

• The creation of usable goods

What is production?

• The making of products from raw materials

• Using technology and assembly lines for production

• Managing vehicles and tracking their location

• The daily functioning of an organization