SCMT 3643 Exam 1 Questions AND Correct Answers
___1___ and ___2___ utility are provided by logistics and ___3__ and ___4__ utility are 5 - ✔✔1. Time
2. Place
3. Form
4. Possession
5. Influenced by logistics
"the act of one company contracting with another company to provide services that might otherwise be
performed by in-house employees" is known as __________? - ✔✔Outsourcing
A bonded warehouse... - ✔✔Secured facility supervised by customs authorities, where dutiable landed
imports are stored pending their re-export, or release on assessment and payment of import duties,
taxes, and other charges. (Also called customs warehouse.)
A dry port is... - ✔✔A location where containerized goods change means of transportation. (also known
as an Intermodal Terminal)
A tariff is... - ✔✔A tariff is a tax on imports or exports
According to the theory of comparative advantage, nations will trade with one another as long as they
can produce certain goods relatively more efficiently than another - ✔✔True
Airlines will calculate the freight charge according to - ✔✔1) The weight of a shipment and 2) the
volume of the shipment, also called "dimensional weight,"
- The airline will then charge the higher of the two prices.
All of the following are benefits of Air Transportation EXCEPT: - ✔✔Air Benefits: Speed, reliability,
product safety
As a result of local and regional agreements among nations, the business environment is becoming... -
✔✔more complex and challenging
,As an item moves through the supply chain,... - ✔✔Its value increases, as more value-added activities
are performed on the product
Assume the following scenario:
- Cargo that would fill about a third of a container need to be shipped to a customer.
- The customer is located in country with tight import regulations.
- This is the first time you are dealing exporting to that country.
- Delivering the product will require the use of at least two modes of transportation.
Under this scenrio, you would seek to hire a... - ✔✔... freight forwarder
Bob is using an air service that will guarantee his package will be delivered on a pre-determined date.
What service is Bob using? - ✔✔Express air Services
Business Ecosystem - ✔✔Network of interlinked companies, such as suppliers and distributers, who
interact with each other, primarily complementing or supplying key components of the value
propositions within their products or services
Decoupling Refers to
A. that Europe and USA have different
economic philosophies.
B. that China operates independently from the
rest of the world.
C. that international trade is not from
developing to developed countries anymore.
D. that international trade flows within the
norther and the southern hemisphere. - ✔✔C
, Dr. Chris Caplice is quoted in the (Total Landed Cost) article. He asserts:... - ✔✔"The big question is how
far up and down supply chain should you go?"
Economies of scale happen when you make more to save on individual unit cost. What mode of
transportation is best for shipping massive amounts of product for a cheap price? - ✔✔Water or Rail?
For a product that is very time sensitive, what would be the best mode of transportation? - ✔✔Air
Free Trade Agreements are approved by which organization? - ✔✔WTO
given that a company can participate in multiple ecosystems at the same time, _____ becomes a
valuable organizational capability - ✔✔...building business-to-business relationships
Given that a company can participate in multiple ecosystems at the same time, __________________
becomes a valuable organizational capability. - ✔✔- Business-to-business relationships
-- this is because it cannot be outsourced (bought) and is difficult to develop, implement and deploy
Globalization is...
A) a trend as a result of BRIC
B) a reform process
C) a social phenomena
D) a result of the internet - ✔✔B
How are the fixed cost, lead time, flexibility, and unit cost associated with motor (truck) mode of
transportation? - ✔✔Low fixed, high variable, short lead time, high flexibility
If you had a 5 day-long lead time with a standard deviation of lead time of 5 days, 7 day-long lead time
with a standard deviation of lead time of 4 days, or 10 day-long lead time with a standard deviation of
lead time of 1 day; which one would be easier to manage? - ✔✔10 day-long lead time with standard
deviation of 1
___1___ and ___2___ utility are provided by logistics and ___3__ and ___4__ utility are 5 - ✔✔1. Time
2. Place
3. Form
4. Possession
5. Influenced by logistics
"the act of one company contracting with another company to provide services that might otherwise be
performed by in-house employees" is known as __________? - ✔✔Outsourcing
A bonded warehouse... - ✔✔Secured facility supervised by customs authorities, where dutiable landed
imports are stored pending their re-export, or release on assessment and payment of import duties,
taxes, and other charges. (Also called customs warehouse.)
A dry port is... - ✔✔A location where containerized goods change means of transportation. (also known
as an Intermodal Terminal)
A tariff is... - ✔✔A tariff is a tax on imports or exports
According to the theory of comparative advantage, nations will trade with one another as long as they
can produce certain goods relatively more efficiently than another - ✔✔True
Airlines will calculate the freight charge according to - ✔✔1) The weight of a shipment and 2) the
volume of the shipment, also called "dimensional weight,"
- The airline will then charge the higher of the two prices.
All of the following are benefits of Air Transportation EXCEPT: - ✔✔Air Benefits: Speed, reliability,
product safety
As a result of local and regional agreements among nations, the business environment is becoming... -
✔✔more complex and challenging
,As an item moves through the supply chain,... - ✔✔Its value increases, as more value-added activities
are performed on the product
Assume the following scenario:
- Cargo that would fill about a third of a container need to be shipped to a customer.
- The customer is located in country with tight import regulations.
- This is the first time you are dealing exporting to that country.
- Delivering the product will require the use of at least two modes of transportation.
Under this scenrio, you would seek to hire a... - ✔✔... freight forwarder
Bob is using an air service that will guarantee his package will be delivered on a pre-determined date.
What service is Bob using? - ✔✔Express air Services
Business Ecosystem - ✔✔Network of interlinked companies, such as suppliers and distributers, who
interact with each other, primarily complementing or supplying key components of the value
propositions within their products or services
Decoupling Refers to
A. that Europe and USA have different
economic philosophies.
B. that China operates independently from the
rest of the world.
C. that international trade is not from
developing to developed countries anymore.
D. that international trade flows within the
norther and the southern hemisphere. - ✔✔C
, Dr. Chris Caplice is quoted in the (Total Landed Cost) article. He asserts:... - ✔✔"The big question is how
far up and down supply chain should you go?"
Economies of scale happen when you make more to save on individual unit cost. What mode of
transportation is best for shipping massive amounts of product for a cheap price? - ✔✔Water or Rail?
For a product that is very time sensitive, what would be the best mode of transportation? - ✔✔Air
Free Trade Agreements are approved by which organization? - ✔✔WTO
given that a company can participate in multiple ecosystems at the same time, _____ becomes a
valuable organizational capability - ✔✔...building business-to-business relationships
Given that a company can participate in multiple ecosystems at the same time, __________________
becomes a valuable organizational capability. - ✔✔- Business-to-business relationships
-- this is because it cannot be outsourced (bought) and is difficult to develop, implement and deploy
Globalization is...
A) a trend as a result of BRIC
B) a reform process
C) a social phenomena
D) a result of the internet - ✔✔B
How are the fixed cost, lead time, flexibility, and unit cost associated with motor (truck) mode of
transportation? - ✔✔Low fixed, high variable, short lead time, high flexibility
If you had a 5 day-long lead time with a standard deviation of lead time of 5 days, 7 day-long lead time
with a standard deviation of lead time of 4 days, or 10 day-long lead time with a standard deviation of
lead time of 1 day; which one would be easier to manage? - ✔✔10 day-long lead time with standard
deviation of 1
