IDIS 240 FINAL ASSESSMENT TEST 2026
TESTED QUESTIONS WITH FULL SOLUTION
GRADED A+
◉ 3PL stands for? Answer: Third Party Logistics Provider
◉ According to lecture, an "end user" is best defined by the fact that
they? Answer: Do not resale product in present form
◉ According to lecture, distribution involves 3 major categories of
services. Which of the following are those categories? Answer:
Knowledge, Logistics, and Financing
◉ According to lecture, which of the following references a title of an
employed salesperson of the manufacturer? Answer: Field
Application Engineer
◉ According to money management lecture by Mr. Mark Mielke, all
unnecessary expenditures that you incur every month is called?
Answer: Latte Factor
,◉ According to the Book, "The Distributor's Role in the Supply
Chain" a sale is not complete until? Answer: The customer has paid
for the product and successfully used it
◉ Agents? Answer: SOMETIMES stock, but NEVER own inventory
◉ Assortment Answer: Bundling products & services
◉ Chris Uren with Dell told the class to pride themselves in?
Answer: Supply Chain Model
◉ COGS include which of the following? Answer: 1. Cost paid to
supplier for the products
2. The cost of the freight from the supplier to our location
◉ A distributor has an industrial customer with a large storeroom
for MRO products. Several of the products stored in the customer's
storeroom are owned by the distributor. This is an example of?
Answer: Cosignment
◉ The financial function "extending credit" would be most beneficial
to which of the following users? Answer: Contractor
◉ FOB stands for? Answer: Free-On-Board
, ◉ The following is a pictorial description of? Answer: Contract
Efficiency
◉ % Gross Margin Answer: [(Selling Price - COGS)/(Selling
Price)]*100%
◉ From class, which of the following is a product that has been
commoditized? Answer: Dimensional Lumber & PVC
◉ From our class discussion, which of the following would tend to
have the largest improvements in EBITDA for a typical distributor?
Answer: 2% increase in price
◉ The function that occurs right after a product is delivered to a
distributor and while the delivery is checked for accuracy? Answer:
Receiving
◉ Gross Margin Return on Investment is? Answer: [(Total Gross
Margin)/(Average Inventory)]
◉ How long a customer is willing to wait? Answer: Wait Time
TESTED QUESTIONS WITH FULL SOLUTION
GRADED A+
◉ 3PL stands for? Answer: Third Party Logistics Provider
◉ According to lecture, an "end user" is best defined by the fact that
they? Answer: Do not resale product in present form
◉ According to lecture, distribution involves 3 major categories of
services. Which of the following are those categories? Answer:
Knowledge, Logistics, and Financing
◉ According to lecture, which of the following references a title of an
employed salesperson of the manufacturer? Answer: Field
Application Engineer
◉ According to money management lecture by Mr. Mark Mielke, all
unnecessary expenditures that you incur every month is called?
Answer: Latte Factor
,◉ According to the Book, "The Distributor's Role in the Supply
Chain" a sale is not complete until? Answer: The customer has paid
for the product and successfully used it
◉ Agents? Answer: SOMETIMES stock, but NEVER own inventory
◉ Assortment Answer: Bundling products & services
◉ Chris Uren with Dell told the class to pride themselves in?
Answer: Supply Chain Model
◉ COGS include which of the following? Answer: 1. Cost paid to
supplier for the products
2. The cost of the freight from the supplier to our location
◉ A distributor has an industrial customer with a large storeroom
for MRO products. Several of the products stored in the customer's
storeroom are owned by the distributor. This is an example of?
Answer: Cosignment
◉ The financial function "extending credit" would be most beneficial
to which of the following users? Answer: Contractor
◉ FOB stands for? Answer: Free-On-Board
, ◉ The following is a pictorial description of? Answer: Contract
Efficiency
◉ % Gross Margin Answer: [(Selling Price - COGS)/(Selling
Price)]*100%
◉ From class, which of the following is a product that has been
commoditized? Answer: Dimensional Lumber & PVC
◉ From our class discussion, which of the following would tend to
have the largest improvements in EBITDA for a typical distributor?
Answer: 2% increase in price
◉ The function that occurs right after a product is delivered to a
distributor and while the delivery is checked for accuracy? Answer:
Receiving
◉ Gross Margin Return on Investment is? Answer: [(Total Gross
Margin)/(Average Inventory)]
◉ How long a customer is willing to wait? Answer: Wait Time
