NAME: John Payne, Jr. SCORE:________________
Midterm Exam (Total: 100 points)
RNCV 309 (Fall 2015) - Transportation and Supply Chain Systems in Commerce
Multiple Choice.
1. A Supply Chain is best described by which of the following:
a. A group of cooperative carriers
b. A group of collaborative companies
c. A formal association of competitive companies
d. Two firms who create a strategic alliance
2. Which of the following best describes an integrative supply chain process:
a. Something that links together independent parts
b. A concept that identifies independent parts
c. A conglomeration of functions
d. The fusion of critical components of a supply chain
3. The lowest total process cost is:
a. Always the sum of the lowest cost for each involved function
b. Is the lowest cost for each involved function
c. May be the lowest cost for each involved function
d. Typically involves careful cost integration
4. Cash-to-Cash Conversion:
a. Is typically related to inventory turn
b. Is related to freight payment
c. Is the time required to convert raw materials into finished inventory
d. Is a measure of manufacturing efficiency
5. What is dwell time:
a. A key component of system design
b. The ratio of asset idle time to total time required to complete a mission
c. The total time inventory is waiting to be processed.
d. A key concept in manufacturing efficiency
6. A unique feature of integrated logistics is:
a. The newness of the concept
b. It is fundamental similar to military operations
c. Complexity and scope of operations
d. The fact that it employees many people.
, 7. A logistics performance cycle is:
a. A format for improved measurement of cost and service.
b. The basic unit of supply chain design and operational control
c. Is an important form of transportation measurement
d. Is typically echeloned
8. A flow-through facility is:
a. Typically found in the beverage industry
b. Is also often called a cross-dock facility
c. Is a specialized warehouse that performs value-added services
d. Dedicated to the support of an integrated service provider.
9. Service reliability is best described as:
a. The measure of availability that is most critical in system design
b. Deals with speed and consistency of order cycle performance.
c. The quality dimension of logistics performance
d. The key attribute of transportation integration
10. The primary reason that total logistics cost has reduced as a percentage of GDP is:
a. Inventory has increased as a percent of total cost
b. Inventory has decreased as a percent of total cost
c. Transportation has decreased as a percent of total cost
d. Nominal GDP has increased
11. The work of logistics involves:
a. Order processing, inventory, and manufacturing
b. Inventory, transportation, manufacturing and procurement
c. Manufacturing, customer accommodation, and purchasing
d. Transportation, inventory, order processing, warehousing, and facility network
design
12. The logistics performance cycle:
a. Is the basic unit of supply chain design and control
b. Relates to transportation control
c. Is an important concept in inventory control
d. None of the above.
13. In providing service outputs to consumers, a disadvantage of Internet retailers
compared to store-based retailers arises in:
a. product variety and assortment
b. lot size
c. price
d. waiting time
Midterm Exam (Total: 100 points)
RNCV 309 (Fall 2015) - Transportation and Supply Chain Systems in Commerce
Multiple Choice.
1. A Supply Chain is best described by which of the following:
a. A group of cooperative carriers
b. A group of collaborative companies
c. A formal association of competitive companies
d. Two firms who create a strategic alliance
2. Which of the following best describes an integrative supply chain process:
a. Something that links together independent parts
b. A concept that identifies independent parts
c. A conglomeration of functions
d. The fusion of critical components of a supply chain
3. The lowest total process cost is:
a. Always the sum of the lowest cost for each involved function
b. Is the lowest cost for each involved function
c. May be the lowest cost for each involved function
d. Typically involves careful cost integration
4. Cash-to-Cash Conversion:
a. Is typically related to inventory turn
b. Is related to freight payment
c. Is the time required to convert raw materials into finished inventory
d. Is a measure of manufacturing efficiency
5. What is dwell time:
a. A key component of system design
b. The ratio of asset idle time to total time required to complete a mission
c. The total time inventory is waiting to be processed.
d. A key concept in manufacturing efficiency
6. A unique feature of integrated logistics is:
a. The newness of the concept
b. It is fundamental similar to military operations
c. Complexity and scope of operations
d. The fact that it employees many people.
, 7. A logistics performance cycle is:
a. A format for improved measurement of cost and service.
b. The basic unit of supply chain design and operational control
c. Is an important form of transportation measurement
d. Is typically echeloned
8. A flow-through facility is:
a. Typically found in the beverage industry
b. Is also often called a cross-dock facility
c. Is a specialized warehouse that performs value-added services
d. Dedicated to the support of an integrated service provider.
9. Service reliability is best described as:
a. The measure of availability that is most critical in system design
b. Deals with speed and consistency of order cycle performance.
c. The quality dimension of logistics performance
d. The key attribute of transportation integration
10. The primary reason that total logistics cost has reduced as a percentage of GDP is:
a. Inventory has increased as a percent of total cost
b. Inventory has decreased as a percent of total cost
c. Transportation has decreased as a percent of total cost
d. Nominal GDP has increased
11. The work of logistics involves:
a. Order processing, inventory, and manufacturing
b. Inventory, transportation, manufacturing and procurement
c. Manufacturing, customer accommodation, and purchasing
d. Transportation, inventory, order processing, warehousing, and facility network
design
12. The logistics performance cycle:
a. Is the basic unit of supply chain design and control
b. Relates to transportation control
c. Is an important concept in inventory control
d. None of the above.
13. In providing service outputs to consumers, a disadvantage of Internet retailers
compared to store-based retailers arises in:
a. product variety and assortment
b. lot size
c. price
d. waiting time
