LSCM 4560 EXAM 1 QUESTIONS WITH VERIFIED
ANSWERS
Supply chain mgmt came into vogue during the early 1990s. We can view supply chain
mgmt as : - Answers - All of the above
Which of the following focused on the movement of finished goods or the outbound flow
of a firms logistics system: - Answers - Physical distribution
The focus of a cost trade-off is to obtain: - Answers - The best or lowest physical
distribution system cost
You are planning to switch from trucks to rail to move goods on an on-going basis from
the west coast to replenish inventories at retail outlets in the DFW area. You would
expect which of the following to occur ? - Answers - Inventory costs would increase
while transportation costs would decrease.
Why is so much info captured at the POS. - Answers - The bull-whip effect can be
avoided since upstream suppliers have visibility over actual demand and do not need to
forecast .
The single largest cost affecting facility location decisions is - Answers - Transportation
Which of the following distance calculations sums a vehicle can move on a stragglers
line between 2 points ? - Answers - Euclidean distance
Since 2008, diesel fuel costs have been cut nearly in half. By applying Lardner's law,
the market area served by a company using autonomous vehicles would: - Answers -
Quadruple in size
The concept of derived demand when applied to transportation and logistics suggests: -
Answers - The demand for transportation is derived from the demand for goods and
services.
Which location model uses concentric rings to explain how economic activity radiates
out from a city center - Answers - Von thuen
The concept of derived demand when applied to transportation and logistics suggests: -
Answers - the demand for transportation is derived from the demand for goods and
service.
, Which of the following models uses concetric rings to explain how economic activity
radiates out from a city center? - Answers - Von Thuen
Transportation contributed to the formation of the US as a result of: - Answers -
alienation from Great Britan due to localized trade an transportation
The term modal split refers to: - Answers - an analytical tool that divides the
transportation market by modes of transportation.
A shipment of 100 tons moving 50 miles would be how many ton miles? - Answers -
5000
Transportation has played an important role in the defense of the US. Which of the
following transportation projects was developed to enhance the ability to defend the
country? - Answers - The interstate highway system
The total ton-miles of freight in the US... - Answers - has increased and continues to
grow but at a slower rate than the overall economy.
A mode's accessibility refers to: - Answers - the ability to move freight between a
specific origin and destination.
We define logistical distance as: - Answers - a complex representation that
encompasses all the tasks required so that a movement between two locations can take
place--includes physical flows, but also a set of activities necessary for the management
of these flows.
The concept of transportability refers to: - Answers - to ease of a movement, with high
transportability requiring limited efforts and low transportability implying complexity and
high costs.
The transportation modes also differ on the service characteristic of reliability. In terms
of transportation, reliability refers to: - Answers - the ability to achieve consistent transit
times.
In the selling and purchase of transportation services, two types of anti-trust violations
can occur. Which type of anti-trust violation, such as price fixing, is illegal regardless of
whether economic harm was done? - Answers - per se violation
The rationale for government control and intervention in the transportation marketplace
stem from: - Answers - imperfections in the marketplace in a free-enerprise economy
Transportation is affected by different forms of laws. Which form of law relies on judicial
precedent or principles of law developed from former court decisions? - Answers -
common law
ANSWERS
Supply chain mgmt came into vogue during the early 1990s. We can view supply chain
mgmt as : - Answers - All of the above
Which of the following focused on the movement of finished goods or the outbound flow
of a firms logistics system: - Answers - Physical distribution
The focus of a cost trade-off is to obtain: - Answers - The best or lowest physical
distribution system cost
You are planning to switch from trucks to rail to move goods on an on-going basis from
the west coast to replenish inventories at retail outlets in the DFW area. You would
expect which of the following to occur ? - Answers - Inventory costs would increase
while transportation costs would decrease.
Why is so much info captured at the POS. - Answers - The bull-whip effect can be
avoided since upstream suppliers have visibility over actual demand and do not need to
forecast .
The single largest cost affecting facility location decisions is - Answers - Transportation
Which of the following distance calculations sums a vehicle can move on a stragglers
line between 2 points ? - Answers - Euclidean distance
Since 2008, diesel fuel costs have been cut nearly in half. By applying Lardner's law,
the market area served by a company using autonomous vehicles would: - Answers -
Quadruple in size
The concept of derived demand when applied to transportation and logistics suggests: -
Answers - The demand for transportation is derived from the demand for goods and
services.
Which location model uses concentric rings to explain how economic activity radiates
out from a city center - Answers - Von thuen
The concept of derived demand when applied to transportation and logistics suggests: -
Answers - the demand for transportation is derived from the demand for goods and
service.
, Which of the following models uses concetric rings to explain how economic activity
radiates out from a city center? - Answers - Von Thuen
Transportation contributed to the formation of the US as a result of: - Answers -
alienation from Great Britan due to localized trade an transportation
The term modal split refers to: - Answers - an analytical tool that divides the
transportation market by modes of transportation.
A shipment of 100 tons moving 50 miles would be how many ton miles? - Answers -
5000
Transportation has played an important role in the defense of the US. Which of the
following transportation projects was developed to enhance the ability to defend the
country? - Answers - The interstate highway system
The total ton-miles of freight in the US... - Answers - has increased and continues to
grow but at a slower rate than the overall economy.
A mode's accessibility refers to: - Answers - the ability to move freight between a
specific origin and destination.
We define logistical distance as: - Answers - a complex representation that
encompasses all the tasks required so that a movement between two locations can take
place--includes physical flows, but also a set of activities necessary for the management
of these flows.
The concept of transportability refers to: - Answers - to ease of a movement, with high
transportability requiring limited efforts and low transportability implying complexity and
high costs.
The transportation modes also differ on the service characteristic of reliability. In terms
of transportation, reliability refers to: - Answers - the ability to achieve consistent transit
times.
In the selling and purchase of transportation services, two types of anti-trust violations
can occur. Which type of anti-trust violation, such as price fixing, is illegal regardless of
whether economic harm was done? - Answers - per se violation
The rationale for government control and intervention in the transportation marketplace
stem from: - Answers - imperfections in the marketplace in a free-enerprise economy
Transportation is affected by different forms of laws. Which form of law relies on judicial
precedent or principles of law developed from former court decisions? - Answers -
common law
