MGT1163 : Session 1 (2023/2024)

Which of the following is related to rail transport?

• Short distance

• Low fixed costs

• Extremely large capacity

• Low variable operating cost

_____________ mode of transportation, operate on 24-hour basis with no labor intensive.

• Air

• Rail

• Water

• Pipeline

Which of the following is the responsibility of a seller in freight on board destination pricing?

• Choose a carrier

• Arrange for transportation

• Pay for transportation charges

• Select the mode of transportation

_______________ is the stock with irregular demand throughout the year which also involves high storage cost and high obsolescence costs.

• Safety stock

• Seasonal stock

• In-transit stock

• Speculative stock

What is in-transit stock?

• Finished good already completed but not yet shipped to the customer.

• Goods hold by the seller in the warehouse to be picked by the customer.

• Goods shipped from the warehouse but not yet received by the customer.

• Complete inventory in the process to be shipped by the seller to the customer

If the wholesalers use full-line stocking of warehouses, what type of inventory typically provided?

• Multiple products

• Seasonal products

• Perishable products

• Customize products

___________ warehouse involves the process of warehouse after an order is received from the customer.

• Bonded

• In-transit

• Distribution centre

• Pick-pack and ship

What is the overall objective of product handling in warehouse?

• To rapidly unload and release inbound shipments.

• To differentiate the relative requirements of storage.

• To sort eventually inbound shipments into unique customer orders.

• To strike a balance regarding replenishment activity in the warehouse.

Which of the following is not the purpose of extended storage?

• To wait for the demand of seasonal items.

• To hold the product until they reach the peak quality.

• To use for speculative buying that is common in marketing.

• To focus in quick movement and flexibility with minimal dense storage.

Which of the following statements has the greatest validity?

• Procurement is broadly equivalent to purchasing.

• Procurement and purchasing are basically the same.

• Procurement has a broader meaning than purchasing.

• Purchasing has a broader meaning than procurement.