TEST BANK
Contemporary Logistics 12th Edition
By Paul R. Murphy, A. Knemeyer
LU
XE
LI
BR
AR
Y
, Table of Content
Part I: An Overview of Logistics
An Overview of Logistics
Logistics and Information Technology
Strategic and Financial Logistics
Organizational and Managerial Issues in Logistics
Part II: Supply Chain Management
The Supply Chain Management Concept
LU
Procurement
Part III: Elements of Logistics Systems
Demand Management, Ordered Management, and Customer Service
XE
Inventory Management
Facility Location
Warehousing Management
LI
Packaging and Materials Handling
Transportation
BR
Transportation Management
International Logistics
AR
Y
, iuytrfedsa
All Chapters Included
TEST BANK
CHAPTER 1: AN OVERVIEW OF LOGISTICS All Answers Included
Multiple Choice Questions (correct answers are bolded)
1. Logistics clearly contributes to and utility.
a. time; place
LU
b. form; time
c. place; form
d. possession; time
[LO 1.1: To discuss the economic impacts of logistics; Moderate; Application; AACSB Category
3: Analytical thinking]
XE
2. utility refers to the value or usefulness that comes from a customer being able
to take possession of a product.
a. Time
b. Place
LI
c. Form
d. Possession
BR
[LO 1.1: To discuss the economic impacts of logistics; Easy; Concept; AACSB Category 3:
Analytical thinking]
3. utility refers to having products available where they are needed by
customers.
AR
a. Possession
b. Time
c. Place
d. Form
[LO 1.1: To discuss the economic impacts of logistics; Easy; Concept; AACSB Category 3:
Analytical thinking]
Y
4. All of the following are types of economic utility except:
a. time.
b. production.
c. place.
d. possession.
uytrewq
, iuytrfedsa
[LO 1.1: To discuss the economic impacts of logistics; Moderate; Synthesis; AACSB Category
3: Analytical thinking]
5. “How well a company does what it says it’s going to do” represents .
a. efficiency
b. productivity
c. quality
d. effectiveness
LU
[LO 1.2: To define what logistics is; Easy; Concept; AASCB Category 3: Analytical thinking]
6. What concept refers to “how well company resources are used to achieve what a company
promises it can do”?
a. efficiency
XE
b. productivity
c. reengineering
d. effectiveness
[LO 1.2: To define what logistics is; Easy; Concept; AASCB Category 3: Analytical thinking]
LI
7. Every customer getting the same type and level of logistics service refers to .
a. tailored logistics
BR
b. mass logistics
c. effectiveness
d. efficiency
[LO 1.2: To define what logistics is; Easy; Concept; AASCB Category 3: Analytical thinking]
AR
8. Which of the following is not a reason for the increased importance of logistics?
a. growing power of manufacturers
b. reduction in economic regulation
c. globalization of trade
d. technological advances
Y
[LO 1.3: To analyze the increased importance of logistics; Moderate; Synthesis; AACSB
Category 3: Analytical thinking]
9. Widespread reductions in economic regulation of U.S. transportation carriers occurred in
.
a. the 1960s and 1970s
b. the 1970s and 1980s
uytrewq
Contemporary Logistics 12th Edition
By Paul R. Murphy, A. Knemeyer
LU
XE
LI
BR
AR
Y
, Table of Content
Part I: An Overview of Logistics
An Overview of Logistics
Logistics and Information Technology
Strategic and Financial Logistics
Organizational and Managerial Issues in Logistics
Part II: Supply Chain Management
The Supply Chain Management Concept
LU
Procurement
Part III: Elements of Logistics Systems
Demand Management, Ordered Management, and Customer Service
XE
Inventory Management
Facility Location
Warehousing Management
LI
Packaging and Materials Handling
Transportation
BR
Transportation Management
International Logistics
AR
Y
, iuytrfedsa
All Chapters Included
TEST BANK
CHAPTER 1: AN OVERVIEW OF LOGISTICS All Answers Included
Multiple Choice Questions (correct answers are bolded)
1. Logistics clearly contributes to and utility.
a. time; place
LU
b. form; time
c. place; form
d. possession; time
[LO 1.1: To discuss the economic impacts of logistics; Moderate; Application; AACSB Category
3: Analytical thinking]
XE
2. utility refers to the value or usefulness that comes from a customer being able
to take possession of a product.
a. Time
b. Place
LI
c. Form
d. Possession
BR
[LO 1.1: To discuss the economic impacts of logistics; Easy; Concept; AACSB Category 3:
Analytical thinking]
3. utility refers to having products available where they are needed by
customers.
AR
a. Possession
b. Time
c. Place
d. Form
[LO 1.1: To discuss the economic impacts of logistics; Easy; Concept; AACSB Category 3:
Analytical thinking]
Y
4. All of the following are types of economic utility except:
a. time.
b. production.
c. place.
d. possession.
uytrewq
, iuytrfedsa
[LO 1.1: To discuss the economic impacts of logistics; Moderate; Synthesis; AACSB Category
3: Analytical thinking]
5. “How well a company does what it says it’s going to do” represents .
a. efficiency
b. productivity
c. quality
d. effectiveness
LU
[LO 1.2: To define what logistics is; Easy; Concept; AASCB Category 3: Analytical thinking]
6. What concept refers to “how well company resources are used to achieve what a company
promises it can do”?
a. efficiency
XE
b. productivity
c. reengineering
d. effectiveness
[LO 1.2: To define what logistics is; Easy; Concept; AASCB Category 3: Analytical thinking]
LI
7. Every customer getting the same type and level of logistics service refers to .
a. tailored logistics
BR
b. mass logistics
c. effectiveness
d. efficiency
[LO 1.2: To define what logistics is; Easy; Concept; AASCB Category 3: Analytical thinking]
AR
8. Which of the following is not a reason for the increased importance of logistics?
a. growing power of manufacturers
b. reduction in economic regulation
c. globalization of trade
d. technological advances
Y
[LO 1.3: To analyze the increased importance of logistics; Moderate; Synthesis; AACSB
Category 3: Analytical thinking]
9. Widespread reductions in economic regulation of U.S. transportation carriers occurred in
.
a. the 1960s and 1970s
b. the 1970s and 1980s
uytrewq
