BMGT 372 Final Exam questions with
verified answers rated A+
We have generally discussed logistics from the systems approach perspective. Which of the
following would NOT be included as part of this approach? - correct answer ✔✔Encourages
sub-optimization whenever possible
According to class discussion, the proper "Level of Optimality" for an effective logistics system
would be: - correct answer ✔✔the supply chain
The concept of a channel of distribution is often discussed in terms of flows. Which of the
following is false with regard to flows within channels? - correct answer ✔✔flows are
unidirectional
Which of the following is NOT a goal of materials handling? - correct answer ✔✔Maximize isle
space
The traditional "marketing concept" includes three important elements, including: - correct
answer ✔✔Consumer orientation, integration efforts within the firm, and profits
Logistics creates value to consumers. This value is often described in terms of utility. Which of
the following best describes the categories of utility created by logistics? - correct answer
✔✔time and place utility
Logistics costs, measured as a percentage of sales, would be of most concern to a company
which produces the following product(s)? - correct answer ✔✔Canned foods
,Rolf and Rolf is a supplier of pharmaceutical products to organizations throughout the U.S.
Recently, they did an analysis of service levels to various customers that they serve. Based on
this analysis, they adopted a new policy to ensure that the most profitable customers received
the highest level of service. This approach to establishing customer service levels is known as: -
correct answer ✔✔Segmented Service
Which of the following factors would NOT normally be considered in establishing the
appropriate level of customer service? - correct answer ✔✔The extent of cross docking
Which of the following statements regarding customer service (are) true? - correct answer
✔✔The optimal level of customer service is the one that obtains and retains the most profitable
customers
Functional Shiftability means: - correct answer ✔✔The functions of the channel remain
constant over time, but they may be performed by any member of the channel
The objective of inventory strategy is to achieve the desired customer service level with a
minimum of inventory commitment. Excessive inventories may compensate for deficiencies in
the basic design of a logistics system but will ultimately result in higher-than-necessary costs.
This implies that: - correct answer ✔✔A fundamental goal of logistics is maximum inventory
turns while satisfying service commitments
The concept of links and nodes is a useful way to think about a logistics system. Based on this
concept, we can conclude that: - correct answer ✔✔All of the above are valid statements
The most common manufacturing strategies are MTP, MTO, and ATO. Which of the following
would be descriptive of these strategies for manufacturing? - correct answer ✔✔MTP will
typically have the highest inventory/warehousing costs
The concept of an "Integrated Enterprise" generally means: - correct answer ✔✔Functional
activities such as manufacturing, procurement, and distribution are coordinated to ensure that
the firm is operating in an efficient and effective manner
,Zimmerman and son's manufactures furniture in North Carolina and markets their products
nationwide. They take orders to built customized furniture for their various market segments. In
order to get the products to their customers, Zimmerman uses for-hire common carrier trucking
companies. This allows them to focus their resources on the manufacturing aspects of their
business. In this case, the trucking companies would be an example of: - correct answer ✔✔a
third-party logistics provider
Today, most companies that sell paint, stock several base white paints, but mix specific colors to
order at the time the customer requests that particular color. This is an example of: - correct
answer ✔✔Manufacturing postponement
In order to ensure assets in the supply chain are optimally utilized to achieve the supply chain's
objectives, managers are concerned with the time an asset is not in productive use. For
example, in the railroad industry the time a locomotive or rail cars are held at a gathering or
switch yard is closely monitored. Ideally, this time would be minimized. The measure of
efficiency is called: - correct answer ✔✔Dwell time
Today, with the growth of global marketing, international logistics is becoming more important.
While the essential aspects of logistics are the same for domestic as well as global logistics,
there are some important differences. These differences include all of the following except: -
correct answer ✔✔normally warehouses are not required
To facilitate handling efficiency, products are typically combined into larger units that increase
the efficiency of handling the freight. Which of the following would NOT be an example of this
concept? - correct answer ✔✔Labeling requirements
The input to the performance cycle is: - correct answer ✔✔Demand
Uncertainty in the replenishment cycle can be caused by variability in performance of the
various logistics components or activities in the cycle or variations in demand. This variation
typically has it greatest effects on: - correct answer ✔✔Inventory levels
, The development of supply chain management as a concept has led to channel members
working more closely together to build long-term relationships that have resulted in greater
loyalty among channel members and better working arrangements. The parallel of this trend in
marketing would be called: - correct answer ✔✔Relationship marketing
Which of the following would NOT normally be considered an element of customer service? -
correct answer ✔✔Value engineering
Based on your understanding of the Bullwhip Effect, all of the following are causes of
phenomenon except: - correct answer ✔✔Variability of the order cycle
Which of the following statements best summarizes the relationship between transportation
costs and the number of warehouse locations? - correct answer ✔✔Total transportation costs
initially declines as the number of facilities increases, but at some point begins to increase
All of the following are true regarding productivity expect: - correct answer ✔✔multi factor
productivity is the superior measurement tool for productivity
____ occurs when the average costs of production declines as firms use existing factors or
production (materials, equipment, and labor) to product variety of products - correct answer
✔✔Economies of scope
The two constant and overarching goals of supply chain management are: - correct answer
✔✔Efficiency and effectiveness
Channels of distribution (supply chain) may include any number of intermediaries. WIth regard
to channels, it is correct to say all of the following except: - correct answer ✔✔all of the above
are true statements
verified answers rated A+
We have generally discussed logistics from the systems approach perspective. Which of the
following would NOT be included as part of this approach? - correct answer ✔✔Encourages
sub-optimization whenever possible
According to class discussion, the proper "Level of Optimality" for an effective logistics system
would be: - correct answer ✔✔the supply chain
The concept of a channel of distribution is often discussed in terms of flows. Which of the
following is false with regard to flows within channels? - correct answer ✔✔flows are
unidirectional
Which of the following is NOT a goal of materials handling? - correct answer ✔✔Maximize isle
space
The traditional "marketing concept" includes three important elements, including: - correct
answer ✔✔Consumer orientation, integration efforts within the firm, and profits
Logistics creates value to consumers. This value is often described in terms of utility. Which of
the following best describes the categories of utility created by logistics? - correct answer
✔✔time and place utility
Logistics costs, measured as a percentage of sales, would be of most concern to a company
which produces the following product(s)? - correct answer ✔✔Canned foods
,Rolf and Rolf is a supplier of pharmaceutical products to organizations throughout the U.S.
Recently, they did an analysis of service levels to various customers that they serve. Based on
this analysis, they adopted a new policy to ensure that the most profitable customers received
the highest level of service. This approach to establishing customer service levels is known as: -
correct answer ✔✔Segmented Service
Which of the following factors would NOT normally be considered in establishing the
appropriate level of customer service? - correct answer ✔✔The extent of cross docking
Which of the following statements regarding customer service (are) true? - correct answer
✔✔The optimal level of customer service is the one that obtains and retains the most profitable
customers
Functional Shiftability means: - correct answer ✔✔The functions of the channel remain
constant over time, but they may be performed by any member of the channel
The objective of inventory strategy is to achieve the desired customer service level with a
minimum of inventory commitment. Excessive inventories may compensate for deficiencies in
the basic design of a logistics system but will ultimately result in higher-than-necessary costs.
This implies that: - correct answer ✔✔A fundamental goal of logistics is maximum inventory
turns while satisfying service commitments
The concept of links and nodes is a useful way to think about a logistics system. Based on this
concept, we can conclude that: - correct answer ✔✔All of the above are valid statements
The most common manufacturing strategies are MTP, MTO, and ATO. Which of the following
would be descriptive of these strategies for manufacturing? - correct answer ✔✔MTP will
typically have the highest inventory/warehousing costs
The concept of an "Integrated Enterprise" generally means: - correct answer ✔✔Functional
activities such as manufacturing, procurement, and distribution are coordinated to ensure that
the firm is operating in an efficient and effective manner
,Zimmerman and son's manufactures furniture in North Carolina and markets their products
nationwide. They take orders to built customized furniture for their various market segments. In
order to get the products to their customers, Zimmerman uses for-hire common carrier trucking
companies. This allows them to focus their resources on the manufacturing aspects of their
business. In this case, the trucking companies would be an example of: - correct answer ✔✔a
third-party logistics provider
Today, most companies that sell paint, stock several base white paints, but mix specific colors to
order at the time the customer requests that particular color. This is an example of: - correct
answer ✔✔Manufacturing postponement
In order to ensure assets in the supply chain are optimally utilized to achieve the supply chain's
objectives, managers are concerned with the time an asset is not in productive use. For
example, in the railroad industry the time a locomotive or rail cars are held at a gathering or
switch yard is closely monitored. Ideally, this time would be minimized. The measure of
efficiency is called: - correct answer ✔✔Dwell time
Today, with the growth of global marketing, international logistics is becoming more important.
While the essential aspects of logistics are the same for domestic as well as global logistics,
there are some important differences. These differences include all of the following except: -
correct answer ✔✔normally warehouses are not required
To facilitate handling efficiency, products are typically combined into larger units that increase
the efficiency of handling the freight. Which of the following would NOT be an example of this
concept? - correct answer ✔✔Labeling requirements
The input to the performance cycle is: - correct answer ✔✔Demand
Uncertainty in the replenishment cycle can be caused by variability in performance of the
various logistics components or activities in the cycle or variations in demand. This variation
typically has it greatest effects on: - correct answer ✔✔Inventory levels
, The development of supply chain management as a concept has led to channel members
working more closely together to build long-term relationships that have resulted in greater
loyalty among channel members and better working arrangements. The parallel of this trend in
marketing would be called: - correct answer ✔✔Relationship marketing
Which of the following would NOT normally be considered an element of customer service? -
correct answer ✔✔Value engineering
Based on your understanding of the Bullwhip Effect, all of the following are causes of
phenomenon except: - correct answer ✔✔Variability of the order cycle
Which of the following statements best summarizes the relationship between transportation
costs and the number of warehouse locations? - correct answer ✔✔Total transportation costs
initially declines as the number of facilities increases, but at some point begins to increase
All of the following are true regarding productivity expect: - correct answer ✔✔multi factor
productivity is the superior measurement tool for productivity
____ occurs when the average costs of production declines as firms use existing factors or
production (materials, equipment, and labor) to product variety of products - correct answer
✔✔Economies of scope
The two constant and overarching goals of supply chain management are: - correct answer
✔✔Efficiency and effectiveness
Channels of distribution (supply chain) may include any number of intermediaries. WIth regard
to channels, it is correct to say all of the following except: - correct answer ✔✔all of the above
are true statements
