Page 1
SCMN 3710 Exam 1 Questions and
Correct Answers By Expert
SQ: The three fundamental forms of utility under capitalist
economic theory are:
Ans: Possession, Form, and Time/Space
The "Infrastructure" zone on the TC/CSL tradeoff curve is
characterized by what?
Ans: fixed costs rising more rapidly than output
(service)
According to prediction, __________, __________ and
_________ will all house so called Megacitites, whereas
_________ will not have any cities of this size.
Ans: Asia, Latin America, and North America; Europe
Nicholas Mwololo
, Page 2
Which of the following is NOT one of the the three main
macroeconomic forces driving the explosive growth in
international trade since 1944:
Ans: time and place utility
3 main: cheap/plentiful transportation, liberalization of
trade rules/reduction of tariffs, & cheap/plentiful
information
A critical outcome of the supply chain is to deliver what?
Ans: the right product to the right place
The three broad requirements for "market conditions" to
exist in general include buyer and seller must be aware of
each other, ______ , and _____ .
Ans: legal system of contract enforcement, means of
exchange (currency)
Nicholas Mwololo
, Page 3
When a specific point in time, or level of production, is
chosen and costs are developed for the various logistics cost
centers, it is called what?
Ans: short run analysis
These are designated by the U.S. secretary of the treasury
for the purpose of storing, repacking, sorting or cleaning
imported merchandise entered for warehousing without
paying import duties while the goods are in storage.
Ans: bonded warehouses
Many organizations are working more closely with what?
Ans: customers, suppliers, & various types of logistics
suppliers
Nicholas Mwololo
, Page 4
Full collaboration is the dynamic combination of what?
Ans: both vertical and horizontal collaboration
A third-party logistics firm may be defined as what?
Ans: an external supplier that performs or manages all
or part of a company's logistics functions
SQ: Scorecard and key performance indicators (KPIs) refer
to what?
Ans: metrics to manage logistics operations
An important sustainability issue that has received much
more security in recent years is the:
Ans: reduction in packaging waste by using alternative
materials
Nicholas Mwololo
SCMN 3710 Exam 1 Questions and
Correct Answers By Expert
SQ: The three fundamental forms of utility under capitalist
economic theory are:
Ans: Possession, Form, and Time/Space
The "Infrastructure" zone on the TC/CSL tradeoff curve is
characterized by what?
Ans: fixed costs rising more rapidly than output
(service)
According to prediction, __________, __________ and
_________ will all house so called Megacitites, whereas
_________ will not have any cities of this size.
Ans: Asia, Latin America, and North America; Europe
Nicholas Mwololo
, Page 2
Which of the following is NOT one of the the three main
macroeconomic forces driving the explosive growth in
international trade since 1944:
Ans: time and place utility
3 main: cheap/plentiful transportation, liberalization of
trade rules/reduction of tariffs, & cheap/plentiful
information
A critical outcome of the supply chain is to deliver what?
Ans: the right product to the right place
The three broad requirements for "market conditions" to
exist in general include buyer and seller must be aware of
each other, ______ , and _____ .
Ans: legal system of contract enforcement, means of
exchange (currency)
Nicholas Mwololo
, Page 3
When a specific point in time, or level of production, is
chosen and costs are developed for the various logistics cost
centers, it is called what?
Ans: short run analysis
These are designated by the U.S. secretary of the treasury
for the purpose of storing, repacking, sorting or cleaning
imported merchandise entered for warehousing without
paying import duties while the goods are in storage.
Ans: bonded warehouses
Many organizations are working more closely with what?
Ans: customers, suppliers, & various types of logistics
suppliers
Nicholas Mwololo
, Page 4
Full collaboration is the dynamic combination of what?
Ans: both vertical and horizontal collaboration
A third-party logistics firm may be defined as what?
Ans: an external supplier that performs or manages all
or part of a company's logistics functions
SQ: Scorecard and key performance indicators (KPIs) refer
to what?
Ans: metrics to manage logistics operations
An important sustainability issue that has received much
more security in recent years is the:
Ans: reduction in packaging waste by using alternative
materials
Nicholas Mwololo
