OPMA 5369/4302 TEST 1 REVIEW | RANDY NAPIER UTA | STUDY GUIDE, MCQS AND EXAM PREP
| 2026/2027
In general, the ___________ measures the profitability of the products and/or services provided
by a company. - correct answer ✔✔INCOME STATEMENT
A(n) ___________ strategy allows retail customers to order products anywhere, any time, and
on any device or, while also allowing them to take delivery when and where they want. - correct
answer ✔✔OMNICHANNEL
What provides the framework for conducting return on assets (ROA) analysis by incorporating
revenues and expenses to generate net profit margin, as well as inclusion of assets to measure
asset turnover?
Correct! - correct answer ✔✔STRATEGIC PROFIT MODEL
According to our textbook authors, which of the following is not a potential type of logistics
strategy decision? - correct answer ✔✔PRODUCT AVAILABILITY
A ___________ strategy entails an organization developing a product and/or service that offers
unique attributes that are valued by customers and that the customer perceives to be distinct
from competitor offerings. - correct answer ✔✔DIFFERENTIATION
Suppose that a logistics manager is able to eliminate some unnecessary inventory, which
reduces the value of current assets as well as total asset value. What is the corresponding
impact on inventory turnover and return on assets (ROA)? - correct answer ✔✔Both inventory
turnover and ROA increase.
The balance sheet reflects the assets, liabilities, and ___________ at a given point in time. -
correct answer ✔✔owners' equity
, The ___________ Act has implications for logistics managers in terms of internal controls, off
balance sheet obligations, and timely reporting of material events. - correct answer
✔✔Sarbanes-Oxley
With respect to asset turnover, ___________ is typically the most relevant logistics asset. -
correct answer ✔✔INVENTORY
According to our textbook authors, which of the following is not one of the generic strategies
that can be pursued by an organization, as identified by strategist Michael Porter? - correct
answer ✔✔value stream
___________ refers to the amount of output divided by the amount of input. - correct answer
✔✔Productivity
According to our textbook authors, ___________ and ___________ are the two basic
organizational structures associated with logistics. - correct answer ✔✔Fragmented; unified
___________ is a set of generic standards used to document, implement, and demonstrate
quality management and assurance systems. - correct answer ✔✔ISO 9000
Which of the following is an advantage of a decentralized logistics organization? - correct
answer ✔✔It can be responsive to customer service requirements.
The ___________ is responsible for the security of the U.S. transportation system. - correct
answer ✔✔Transportation Security Administration (TSA)
According to our textbook authors, what major retailer has been testing drones within its
warehouses as a potential solution to enhance productivity? - correct answer ✔✔WALMART
| 2026/2027
In general, the ___________ measures the profitability of the products and/or services provided
by a company. - correct answer ✔✔INCOME STATEMENT
A(n) ___________ strategy allows retail customers to order products anywhere, any time, and
on any device or, while also allowing them to take delivery when and where they want. - correct
answer ✔✔OMNICHANNEL
What provides the framework for conducting return on assets (ROA) analysis by incorporating
revenues and expenses to generate net profit margin, as well as inclusion of assets to measure
asset turnover?
Correct! - correct answer ✔✔STRATEGIC PROFIT MODEL
According to our textbook authors, which of the following is not a potential type of logistics
strategy decision? - correct answer ✔✔PRODUCT AVAILABILITY
A ___________ strategy entails an organization developing a product and/or service that offers
unique attributes that are valued by customers and that the customer perceives to be distinct
from competitor offerings. - correct answer ✔✔DIFFERENTIATION
Suppose that a logistics manager is able to eliminate some unnecessary inventory, which
reduces the value of current assets as well as total asset value. What is the corresponding
impact on inventory turnover and return on assets (ROA)? - correct answer ✔✔Both inventory
turnover and ROA increase.
The balance sheet reflects the assets, liabilities, and ___________ at a given point in time. -
correct answer ✔✔owners' equity
, The ___________ Act has implications for logistics managers in terms of internal controls, off
balance sheet obligations, and timely reporting of material events. - correct answer
✔✔Sarbanes-Oxley
With respect to asset turnover, ___________ is typically the most relevant logistics asset. -
correct answer ✔✔INVENTORY
According to our textbook authors, which of the following is not one of the generic strategies
that can be pursued by an organization, as identified by strategist Michael Porter? - correct
answer ✔✔value stream
___________ refers to the amount of output divided by the amount of input. - correct answer
✔✔Productivity
According to our textbook authors, ___________ and ___________ are the two basic
organizational structures associated with logistics. - correct answer ✔✔Fragmented; unified
___________ is a set of generic standards used to document, implement, and demonstrate
quality management and assurance systems. - correct answer ✔✔ISO 9000
Which of the following is an advantage of a decentralized logistics organization? - correct
answer ✔✔It can be responsive to customer service requirements.
The ___________ is responsible for the security of the U.S. transportation system. - correct
answer ✔✔Transportation Security Administration (TSA)
According to our textbook authors, what major retailer has been testing drones within its
warehouses as a potential solution to enhance productivity? - correct answer ✔✔WALMART
