BSOP 434 Final Exam
Page 1
Question 1. 1. (TCO 10) What is the primary difference between pilferage & theft? (Points :
5)
a). There is no difference between the two.
b). Theft refers to stolen merchandise worth more than $500.
c). Pilferage refers to stolen merchandise worth more than $500.
d). Pilferage involves a firm's employees, whereas theft involves efforts from outsiders.
Question 2. 2. (TCO 10) With ___________, cost objects consume activities, & activities
consume resources. (Points : 5)
a). financial accounting
b). activity-based costing
c). cost accounting
d). standard costing
e). financial management
Question 3. 3. (TCO 3) Rate structures deal with three factors. Which of the following is not
one of them? (Points : 5)
a). Shipment weight
b). Shipment distance
c). Product
d). Shipment direction
e). All of the above
Question 4. 4. (TCO 3) Based on cost, speed, & capacity, which of the following modes is
most suitable for high-value, low-volume products (may be perishable or otherwise require
urgent delivery)? (Points : 5)
a). Pipelines
b). Air freight
c). Motor carriers
d). Railroads
e). Water
Question 5. 5. (TCO 2) All of the following terms have been used to refer to business
logistics except: (Points : 5)
a). business logistics.
b). industrial distribution.
c). logistics management.
d). All of the above are correct.
Question 6. 6. (TCO 2) The movement & storage of materials into a firm refers to: (Points :
5)
, a). physical distribution.
b). materials management.
c). inbound logistics.
d). outbound logistics.
Question 7. 7. (TCO 1) Stocks of goods & materials maintained for satisfaction of demand
are known as: (Points : 5)
a). supply chain.
b). inventory
c). safety stock.
d). inventory management.
Question 8. 8. (TCO 1) Reorder point (ROP) is defined as the: (Points : 5)
a). point used for calculating safety stock.
b). highest inventory level allowed.
c). lowest inventory level allowed.
d). fixed level of inventory at which a replenishment order is placed.
Question 9. 9. (TCO 8) International freight forwarders can provide a number of functions.
Which is not one of them? (Points : 5)
a). Booking space on carriers
b). Obtaining consular documents
c). Preparing an export declaration
d). Arranging for insurance
e). All are possible functions.
Question 10. 10. (TCO 8) Taxes that governments place on the importation of certain items
are known as: (Points : 5)
a). surcharges.
b). embargoes.
c). tariffs.
d). reciprocities.
Question 11. 11. (TCO 7) Which of the following statements is false? (Points : 5)
a). Supplier selection & evaluation generally involve multiple criteria.
b). Selecting suppliers is the final step of the supplier selection & evaluation process.
c). The evolution of business practices & philosophies may require new supplier selection
criteria.
d). Some supplier selection criteria may be contradictory.
e). All are true.
Question 12. 12. (TCO 7) Procurement & ________ are viewed as synonymous terms.
(Points : 5)
a). purchasing
Page 1
Question 1. 1. (TCO 10) What is the primary difference between pilferage & theft? (Points :
5)
a). There is no difference between the two.
b). Theft refers to stolen merchandise worth more than $500.
c). Pilferage refers to stolen merchandise worth more than $500.
d). Pilferage involves a firm's employees, whereas theft involves efforts from outsiders.
Question 2. 2. (TCO 10) With ___________, cost objects consume activities, & activities
consume resources. (Points : 5)
a). financial accounting
b). activity-based costing
c). cost accounting
d). standard costing
e). financial management
Question 3. 3. (TCO 3) Rate structures deal with three factors. Which of the following is not
one of them? (Points : 5)
a). Shipment weight
b). Shipment distance
c). Product
d). Shipment direction
e). All of the above
Question 4. 4. (TCO 3) Based on cost, speed, & capacity, which of the following modes is
most suitable for high-value, low-volume products (may be perishable or otherwise require
urgent delivery)? (Points : 5)
a). Pipelines
b). Air freight
c). Motor carriers
d). Railroads
e). Water
Question 5. 5. (TCO 2) All of the following terms have been used to refer to business
logistics except: (Points : 5)
a). business logistics.
b). industrial distribution.
c). logistics management.
d). All of the above are correct.
Question 6. 6. (TCO 2) The movement & storage of materials into a firm refers to: (Points :
5)
, a). physical distribution.
b). materials management.
c). inbound logistics.
d). outbound logistics.
Question 7. 7. (TCO 1) Stocks of goods & materials maintained for satisfaction of demand
are known as: (Points : 5)
a). supply chain.
b). inventory
c). safety stock.
d). inventory management.
Question 8. 8. (TCO 1) Reorder point (ROP) is defined as the: (Points : 5)
a). point used for calculating safety stock.
b). highest inventory level allowed.
c). lowest inventory level allowed.
d). fixed level of inventory at which a replenishment order is placed.
Question 9. 9. (TCO 8) International freight forwarders can provide a number of functions.
Which is not one of them? (Points : 5)
a). Booking space on carriers
b). Obtaining consular documents
c). Preparing an export declaration
d). Arranging for insurance
e). All are possible functions.
Question 10. 10. (TCO 8) Taxes that governments place on the importation of certain items
are known as: (Points : 5)
a). surcharges.
b). embargoes.
c). tariffs.
d). reciprocities.
Question 11. 11. (TCO 7) Which of the following statements is false? (Points : 5)
a). Supplier selection & evaluation generally involve multiple criteria.
b). Selecting suppliers is the final step of the supplier selection & evaluation process.
c). The evolution of business practices & philosophies may require new supplier selection
criteria.
d). Some supplier selection criteria may be contradictory.
e). All are true.
Question 12. 12. (TCO 7) Procurement & ________ are viewed as synonymous terms.
(Points : 5)
a). purchasing
