TEST BANK
CHAPTER 1: AN OVERVIEW OF LOGISTICS
Multiple Choice Questions (correct answers are bolded)
1. Logistics clearly contributes to and utility.
a. time; place
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]
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
c. Form
d. Possession
[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.
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]
4. All of the following are types of economic utility except:
a. time.
b. production.
c. place.
d. possession.
1
Copyright © 2018 Pearson Education, Inc.
SCHOLARVAULT
,#mr[LO #mr1.1: # m r To #mrdiscuss #mrthe #mreconomic #mrimpacts #mrof #mrlogistics; #mrModerate; #mrSynthesis;
#mrAACSB #mrCategory #mr3: # m r Analytical #mrthinking]
5. “How #mrwell #mra #mrcompany #mrdoes #mrwhat #mrit #mrsays #mrit’s #mrgoing #mrto #mrdo” #mrrepresents #mr .
a. efficiency
b. productivity
c. quality
d. effectiveness
[LO #mr1.2: # m r To #mrdefine #mrwhat #mrlogistics #mris; #mrEasy; #mrConcept; #mrAASCB #mrCategory #mr3:
# m r Analytical #mrthinking]
6. What #mrconcept #mrrefers #mrto #mr“how #mrwell #mrcompany #mrresources #mrare #mrused #mrto #mrachieve
#mrwhat #mra #mrcompany #mr promises #mrit #mrcan #mrdo”?
a. efficiency
b. productivity
c. reengineering
d. effectiveness
[LO #mr1.2: # m r To #mrdefine #mrwhat #mrlogistics #mris; #mrEasy; #mrConcept; #mrAASCB #mrCategory #mr3:
# m r Analytical #mrthinking]
7. Every #mrcustomer #mrgetting #mrthe #mrsame #mrtype #mrand #mrlevel #mrof #mrlogistics #mrservice #mrrefers #mrto #mr .
a. tailored #mrlogistics
b. mass #mrlogistics
c. effectiveness
d. efficiency
[LO #mr1.2: # m r To #mrdefine #mrwhat #mrlogistics #mris; #mrEasy; #mrConcept; #mrAASCB #mrCategory #mr3:
# m r Analytical #mrthinking]
8. Which #mrof #mrthe #mrfollowing #mris #mrnot #mra #mrreason #mrfor #mrthe #mrincreased #mrimportance #mrof #mrlogistics?
a. growing #mrpower #mrof #mrmanufacturers
b. reduction #mrin #mreconomic #mrregulation
c. globalization #mrof #mrtrade
d. technological #mradvances
[LO #mr1.3: # m r To #mranalyze #mrthe #mrincreased #mrimportance #mrof #mrlogistics; #mrModerate; #mrSynthesis;
#mrAACSB #mrCategory #mr3: # m r Analytical #mrthinking]
9. Widespread #mrreductions #mrin #mreconomic #mrregulation #mrof #mrU.S. #mrtransportation #mrcarriers #mroccurred
#mrin
2
Copyright #mr© #mr2018 #mrPearson
#mrEducation, #mrInc.
SCHOLARVAULT
, .
a. the #mr1960s #mrand #mr1970s
b. the #mr1970s #mrand #mr1980s
3
Copyright #mr© #mr2018 #mrPearson
#mrEducation, #mrInc.
SCHOLARVAULT
, c. the #mr1980s #mrand #mr1990s
d. only #mrthe #mr1990s
[LO #mr1:3: # m r To #mranalyze #mrthe #mrincreased #mrimportance #mrof #mrlogistics; #mrEasy; #mrApplication;
#mrAACSB #mrCategory #mr3: # m r Analytical #mrthinking]
10. The #mr concept #mrsuggests #mrthat #mrthe #mrcustomer #mrdesires #mra #mrproduct #mroffering
#mrthat #mris #mrhighly #mrtailored #mrto #mrthe #mrcustomer’s #mrexact #mrpreferences.
a. market #mrdemassification
b. relationship #mrmarketing
c. customized #mrcustomer
d. niche #mrmarketing
[LO #mr1.3: # m r To #mranalyze #mrthe #mrincreased #mrimportance #mrof #mrlogistics; #mrEasy; #mrConcept; #mrAACSB
#mrCategory #mr3: #mrAnalytical #mrthinking]
11. Approximately #mr percent #mrof #mrU.S. #mrfamilies #mrwith #mrchildren #mrreports #mrthat
#mrboth #mrparents #mrwork.
a. 70
b. 60
c. 50
d. 40
[LO #mr1.3: # m r To #mranalyze #mrthe #mrincreased #mrimportance #mrof #mrlogistics; #mrModerate; #mrApplication;
#mrAACSB #mrCategory #mr3: # m r Analytical #mrthinking]
12. refers #mrto #mrthe #mrremoval #mrof #mrintermediaries #mrbetween #mrproducer #mrand #mrconsumer.
a. Direct #mrchannel
b. Market #mrdemassification
c. Consolidation
d. Disintermediation
[LO #mr1.3: # m r To #mranalyze #mrthe #mrincreased #mrimportance #mrof #mrlogistics; #mrEasy; #mrConcept; #mrAACSB
#mrCategory #mr3: #mrAnalytical #mrthinking]
13. are #mrstores #mrwith #mrlarge #mramounts #mrof #mrboth #mrfloor #mrspace #mrand #mrproduct #mrfor
#mr sale.
a. Mass #mrmerchandisers
b. Power #mrretailers
c. Big-box #mrretailers
d. Do-it-yourself #mr(DIY) #mrretailers
4
Copyright #mr© #mr2018 #mrPearson
#mrEducation, #mrInc.
SCHOLARVAULT
CHAPTER 1: AN OVERVIEW OF LOGISTICS
Multiple Choice Questions (correct answers are bolded)
1. Logistics clearly contributes to and utility.
a. time; place
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]
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
c. Form
d. Possession
[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.
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]
4. All of the following are types of economic utility except:
a. time.
b. production.
c. place.
d. possession.
1
Copyright © 2018 Pearson Education, Inc.
SCHOLARVAULT
,#mr[LO #mr1.1: # m r To #mrdiscuss #mrthe #mreconomic #mrimpacts #mrof #mrlogistics; #mrModerate; #mrSynthesis;
#mrAACSB #mrCategory #mr3: # m r Analytical #mrthinking]
5. “How #mrwell #mra #mrcompany #mrdoes #mrwhat #mrit #mrsays #mrit’s #mrgoing #mrto #mrdo” #mrrepresents #mr .
a. efficiency
b. productivity
c. quality
d. effectiveness
[LO #mr1.2: # m r To #mrdefine #mrwhat #mrlogistics #mris; #mrEasy; #mrConcept; #mrAASCB #mrCategory #mr3:
# m r Analytical #mrthinking]
6. What #mrconcept #mrrefers #mrto #mr“how #mrwell #mrcompany #mrresources #mrare #mrused #mrto #mrachieve
#mrwhat #mra #mrcompany #mr promises #mrit #mrcan #mrdo”?
a. efficiency
b. productivity
c. reengineering
d. effectiveness
[LO #mr1.2: # m r To #mrdefine #mrwhat #mrlogistics #mris; #mrEasy; #mrConcept; #mrAASCB #mrCategory #mr3:
# m r Analytical #mrthinking]
7. Every #mrcustomer #mrgetting #mrthe #mrsame #mrtype #mrand #mrlevel #mrof #mrlogistics #mrservice #mrrefers #mrto #mr .
a. tailored #mrlogistics
b. mass #mrlogistics
c. effectiveness
d. efficiency
[LO #mr1.2: # m r To #mrdefine #mrwhat #mrlogistics #mris; #mrEasy; #mrConcept; #mrAASCB #mrCategory #mr3:
# m r Analytical #mrthinking]
8. Which #mrof #mrthe #mrfollowing #mris #mrnot #mra #mrreason #mrfor #mrthe #mrincreased #mrimportance #mrof #mrlogistics?
a. growing #mrpower #mrof #mrmanufacturers
b. reduction #mrin #mreconomic #mrregulation
c. globalization #mrof #mrtrade
d. technological #mradvances
[LO #mr1.3: # m r To #mranalyze #mrthe #mrincreased #mrimportance #mrof #mrlogistics; #mrModerate; #mrSynthesis;
#mrAACSB #mrCategory #mr3: # m r Analytical #mrthinking]
9. Widespread #mrreductions #mrin #mreconomic #mrregulation #mrof #mrU.S. #mrtransportation #mrcarriers #mroccurred
#mrin
2
Copyright #mr© #mr2018 #mrPearson
#mrEducation, #mrInc.
SCHOLARVAULT
, .
a. the #mr1960s #mrand #mr1970s
b. the #mr1970s #mrand #mr1980s
3
Copyright #mr© #mr2018 #mrPearson
#mrEducation, #mrInc.
SCHOLARVAULT
, c. the #mr1980s #mrand #mr1990s
d. only #mrthe #mr1990s
[LO #mr1:3: # m r To #mranalyze #mrthe #mrincreased #mrimportance #mrof #mrlogistics; #mrEasy; #mrApplication;
#mrAACSB #mrCategory #mr3: # m r Analytical #mrthinking]
10. The #mr concept #mrsuggests #mrthat #mrthe #mrcustomer #mrdesires #mra #mrproduct #mroffering
#mrthat #mris #mrhighly #mrtailored #mrto #mrthe #mrcustomer’s #mrexact #mrpreferences.
a. market #mrdemassification
b. relationship #mrmarketing
c. customized #mrcustomer
d. niche #mrmarketing
[LO #mr1.3: # m r To #mranalyze #mrthe #mrincreased #mrimportance #mrof #mrlogistics; #mrEasy; #mrConcept; #mrAACSB
#mrCategory #mr3: #mrAnalytical #mrthinking]
11. Approximately #mr percent #mrof #mrU.S. #mrfamilies #mrwith #mrchildren #mrreports #mrthat
#mrboth #mrparents #mrwork.
a. 70
b. 60
c. 50
d. 40
[LO #mr1.3: # m r To #mranalyze #mrthe #mrincreased #mrimportance #mrof #mrlogistics; #mrModerate; #mrApplication;
#mrAACSB #mrCategory #mr3: # m r Analytical #mrthinking]
12. refers #mrto #mrthe #mrremoval #mrof #mrintermediaries #mrbetween #mrproducer #mrand #mrconsumer.
a. Direct #mrchannel
b. Market #mrdemassification
c. Consolidation
d. Disintermediation
[LO #mr1.3: # m r To #mranalyze #mrthe #mrincreased #mrimportance #mrof #mrlogistics; #mrEasy; #mrConcept; #mrAACSB
#mrCategory #mr3: #mrAnalytical #mrthinking]
13. are #mrstores #mrwith #mrlarge #mramounts #mrof #mrboth #mrfloor #mrspace #mrand #mrproduct #mrfor
#mr sale.
a. Mass #mrmerchandisers
b. Power #mrretailers
c. Big-box #mrretailers
d. Do-it-yourself #mr(DIY) #mrretailers
4
Copyright #mr© #mr2018 #mrPearson
#mrEducation, #mrInc.
SCHOLARVAULT
