TLMT313 D003 Week 3 QUIZ Actual
study Questions and correct/verified
Answers
Global location decisions are made to optimize the performance of the supply chain and be consistent
with the firm's competitive strategy. - ANSW-true
Logistics is what creates the efficient flow of goods between supply chain partners, allowing profits and
competitive advantage to be maximized.
Question options: - ANSW-true
Private warehouses refer to warehouses that are owned by the firm storing the goods - ANSW-true
While the development and proliferation of the Internet and web-based commerce has not completely
eliminated the relevancy of facilities location, because of the Internet, the speed of delivery and cost in
serving the customer are no longer factors in determining the strategic location of an organization's
facilities. - ANSW-false
Risk pooling is a strategy that attempts to use fewer warehouses to decrease the required safety stock
levels since the negatively correlated market demands reduce the overall demand variance across the
markets which the centralized warehouse services - ANSW-true
Regional trade agreements and the World Trade Organization provide a framework for managers in
terms of investigating important facility location elements like tariffs, costs, and the free flow of goods
and services in different regions of the world. - ANSW-true
With FOB pricing, a supplier is the legal owner of a product until the product reaches its destination -
ANSW-true
The critical issues in sustainable development are energy consumption/production, air pollution and
climate change. - ANSW-true
The European Union (EU) created the world's largest free trade area. - ANSW-false
The primary objective of an offshore factory is to take advantage of low labor costs - ANSW-true
study Questions and correct/verified
Answers
Global location decisions are made to optimize the performance of the supply chain and be consistent
with the firm's competitive strategy. - ANSW-true
Logistics is what creates the efficient flow of goods between supply chain partners, allowing profits and
competitive advantage to be maximized.
Question options: - ANSW-true
Private warehouses refer to warehouses that are owned by the firm storing the goods - ANSW-true
While the development and proliferation of the Internet and web-based commerce has not completely
eliminated the relevancy of facilities location, because of the Internet, the speed of delivery and cost in
serving the customer are no longer factors in determining the strategic location of an organization's
facilities. - ANSW-false
Risk pooling is a strategy that attempts to use fewer warehouses to decrease the required safety stock
levels since the negatively correlated market demands reduce the overall demand variance across the
markets which the centralized warehouse services - ANSW-true
Regional trade agreements and the World Trade Organization provide a framework for managers in
terms of investigating important facility location elements like tariffs, costs, and the free flow of goods
and services in different regions of the world. - ANSW-true
With FOB pricing, a supplier is the legal owner of a product until the product reaches its destination -
ANSW-true
The critical issues in sustainable development are energy consumption/production, air pollution and
climate change. - ANSW-true
The European Union (EU) created the world's largest free trade area. - ANSW-false
The primary objective of an offshore factory is to take advantage of low labor costs - ANSW-true
