IEI 301 Chapter 6 - 7|50 Final Exam Questions With 100% Correct Answers

1. The total cost approach: a. Considers a trade-off in undertaking certain logistics decisions b. Is a logistics concept based on evaluation of the total cost implications of various activities c. Is a logistics concept based on the premise that the flow of materials within and outside the firm should be considered only in the context of their interaction. d. Is all of the above - ️️b 1. ........... applies to the timely movement of materials from the sources of supply to the point of manufacture, assembly, or distribution. a. Physical distribution b. Materials management c. Supply clusters d. Logistical procedures - ️️b 1. The development of advanced logistics systems and capabilities has also increased efficient ........., ......... and ........ of products. a. Production; transportation; distribution b. Production; handling; supplying c. Production; transportation; supplying d. Production; handling; distribution - ️️a 1. The reduction of shipping costs and increased productivity has been a result of which two processes? a. Privatization and regulation b. Privatization and deregulation c. Regulation and national standards d. Nationalization of existing means of production to reduce transportation cost - ️️b 1. The pressures on firms to reexamine their logistics systems has been largely due to: a. The proliferation of new products and services b. The changes in the local and state laws c. The changes in the international laws d. All of the above - ️️a