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PARTIIIEXAMINATIONQUESTIONSCHAPTER1:LOGISTICSANDTHESUPPLYCHAINMultipleChoiceQuestionsLogisticsasapercentageofU.S.GrossDomesticProductisapproximately(within2%):5%10%15%20%noneoftheabove(b;p.4)Logisticsclearlycontributestoandutility.a.time;placeb.form;timec.place;formd.possession;timee.noneoftheabove(a;p.4)utilityreferstothevalueorusefulnessthatcomesfromacustomerbeingabletotakepossessionofaproduct.timeplaceformpossession(d;p.4)utilityreferstohavingproductsavailablewheretheyareneededbycustomers.possessiontimeplaceform(c;p.5)Allofthefollowingtermshavebeenusedtorefertobusinesslogisticsexcept:businesslogisticsindustrialdistributionlogisticsmanagementphysicaldistributionalloftheabovearecorrect(e;p.5)“Howwellacompanydoeswhatitsaysit’sgoingtodo”representsefficiencyproductivityleadingedgelogisticseffectiveness(d;p.6)Everycustomergettingthesametypeandlevelsoflogisticsservicereferstotailoredlogisticsmasslogisticseffectivenessefficiency(b;p.7)Whichofthefollowingisnotareasonfortheincreasedimportanceoflogistics?growingpowerofmanufacturersreductionineconomicregulationglobalizationoftradetechnologicaladvances(a;pp.180)Whatlogistics“outsider”developedtheconceptofthevaluechain?DonaldBowersoxGusPagonisMichaelPorterMichaelHammer(c;p.8)Theapproachindicatesthatacompany’sobjectivescanberealizedbyrecognizingthemutualinterdependenceofmajorfunctionalareas.supplychainsystemsinterfunctionalitytotalcost(b;p.10)Themovementandstorageofmaterialsintoafirmrefersto:physicaldistributionmaterialsmanagementmaterialshandlinginboundlogistics(d;p.10)Themovementandstorageofmaterialswithinafirmrefersto:physicaldistributioninboundlogisticsmaterialsmanagementprocurement(c;p.10)Logisticsmanagersusetheapproachtocoordinateinboundlogistics,materialsmanagement,andphysicaldistributioninacostefficientmanner.totalcostsupplychainmasslogisticsinterfunctional(a;p.11)Acosttrade-offisasituationwhere:allcostsreactaccordingtotheirindividualdegree
