Principles of Logistics and SC

Principles of Logistics and SC

University

41 Qs

quiz-placeholder

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Principles of Logistics and SC

Principles of Logistics and SC

Assessment

Quiz

Social Studies

University

Medium

Created by

Anonymous Anonymous

Used 6+ times

FREE Resource

41 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

10 sec • 2 pts

What is the difference between imports and exports?

Imports are goods purchased from another country.

Exports are goods sold to another country.

Both A and B.

None of the above.

2.

MULTIPLE CHOICE QUESTION

10 sec • 2 pts

What does the term 'Comparative Advantage' refer to?

The ability of a country to produce goods at a lower opportunity cost.

The total value of a country's exports minus its imports.

An agreement between countries to reduce trade barriers.

The movement of goods across international borders.

3.

MULTIPLE CHOICE QUESTION

10 sec • 2 pts

What is the role of customs in international trade?

To enforce laws and regulations at borders.

To collect revenue through tariffs and duties.

To protect domestic markets from illegal goods.

All of the above.

4.

MULTIPLE CHOICE QUESTION

10 sec • 2 pts

What are the main principles of logistics?

Transportation, Warehousing, Inventory Management.

Marketing, Sales, Customer Service.

Production, Distribution, Retail.

None of the above.

5.

OPEN ENDED QUESTION

20 sec • 2 pts

What is the definition of logistics?

Evaluate responses using AI:

OFF

6.

OPEN ENDED QUESTION

20 sec • 2 pts

What is the historical origin of logistics?

Evaluate responses using AI:

OFF

7.

MULTIPLE CHOICE QUESTION

10 sec • 2 pts

What is competitive advantage in logistics?

The ability allows a company, organization, or individual to outperform its competitors

The ability to offer lower prices than competitors.

The ability to provide better customer service than competitors.

All of the above.

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