MSSC CLT EXAM TERMINILOGIES: QUESTIONS WITH
COMPLETE SOLUTIONS
, Decoupling -- Answer ✔✔ Creating independence between supply and use of
material. Commonly denotes providing inventory between operations so that
fluctuations in the production rate of the supplying operation do not constrain
production or use rates of the next operation.
Delivery receipt -- Answer ✔✔ A document issued by the carrier that the consignee
signs as proof of receipt.
Dunnage -- Answer ✔✔ Inexpensive or waste material used to protect and load
securing cargo during transport.
Duty -- Answer ✔✔ A tax levied by government on the importation, exportation, or
use and consumption of goods.
Exempt carriers -- Answer ✔✔ A for-hire carrier that is free from economic
regulation.
Fixed costs -- Answer ✔✔ An expenditure that does not vary with the production
volume; for example, rent, property tax, and salaries of certain personnel.
Fixed order quantity ordering -- Answer ✔✔ An inventory system, such as economic
order quantity, in which the same order quantity is used from order to order. The
time between orders (order period) then varies from order to order.
Free trade agreements -- Answer ✔✔ An agreement between one or more
countries which eliminates tariffs, import quotas, and preferences on most (if not all)
goods and services traded between them.
COMPLETE SOLUTIONS
, Decoupling -- Answer ✔✔ Creating independence between supply and use of
material. Commonly denotes providing inventory between operations so that
fluctuations in the production rate of the supplying operation do not constrain
production or use rates of the next operation.
Delivery receipt -- Answer ✔✔ A document issued by the carrier that the consignee
signs as proof of receipt.
Dunnage -- Answer ✔✔ Inexpensive or waste material used to protect and load
securing cargo during transport.
Duty -- Answer ✔✔ A tax levied by government on the importation, exportation, or
use and consumption of goods.
Exempt carriers -- Answer ✔✔ A for-hire carrier that is free from economic
regulation.
Fixed costs -- Answer ✔✔ An expenditure that does not vary with the production
volume; for example, rent, property tax, and salaries of certain personnel.
Fixed order quantity ordering -- Answer ✔✔ An inventory system, such as economic
order quantity, in which the same order quantity is used from order to order. The
time between orders (order period) then varies from order to order.
Free trade agreements -- Answer ✔✔ An agreement between one or more
countries which eliminates tariffs, import quotas, and preferences on most (if not all)
goods and services traded between them.
