Transcript Round 2 - Questions 1

Round 2 - Question 1
The distance factor involving the location of
nodes, or fixed points in the logistics system
is referred to as:
a. spatial relationship
b.temporal intensity
c. density
d.ruler variance CLM - Pittsburgh Roundtable
1999 College Challenge
Round 2 - Question 1
The distance factor involving the location of
nodes, or fixed points in the logistics system
is referred to as:
a.spatial relationship
b.temporal intensity
c. density
d.ruler variance CLM - Pittsburgh Roundtable
1999 College Challenge
Round 2 - Question 2
Selection of air freight transportation, over a motor
carrier, even if the choice increases transportation
costs, might be justified if:
a. the reputation of the company is improved through the
use of higher priced transportation
b. the customer receives the order before the ordered
delivery date
c. total logistics costs are lowered
d. transit time is not a factor
CLM - Pittsburgh Roundtable
1999 College Challenge
Round 2 - Question 2
Selection of air freight transportation, over a motor
carrier, even if the choice increases transportation
costs, might be justified if:
a. the reputation of the company is improved through the
use of higher priced transportation
b. the customer receives the order before the ordered
delivery date
c. total logistics costs are lowered
d. transit time is not a factor
CLM - Pittsburgh Roundtable
1999 College Challenge
Round 2 - Question 3
What medium is used to move coal in slurry
lines?
a. compressed air
b.gas
c. water
d.vacuum
e. none of the above
CLM - Pittsburgh Roundtable
1999 College Challenge
Round 2 - Question 3
What medium is used to move coal in slurry
lines?
a. compressed air
b.gas
c. water
d.vacuum
e. none of the above
CLM - Pittsburgh Roundtable
1999 College Challenge
Round 2 - Question 4
Determining where to locate a plant or warehouse
involves consideration of all of the following factors:
a. community services
b. level of local union activity
c. zoning laws
d. location of existing and potential customers
e. all of the above
CLM - Pittsburgh Roundtable
1999 College Challenge
Round 2 - Question 4
Determining where to locate a plant or warehouse
involves consideration of all of the following factors:
a. community services
b. level of local union activity
c. zoning laws
d. location of existing and potential customers
e. all of the above
CLM - Pittsburgh Roundtable
1999 College Challenge
Round 2 - Question 5
As of May of 1999, ocean transport is being
deregulated. This will allow:
a. carriers to price their offerings without the need to publish
rates
b. confidential “all trade” service contracts between carriers
and shippers
c. a. and b. above
d. none of the above
CLM - Pittsburgh Roundtable
1999 College Challenge
Round 2 - Question 5
As of May of 1999, ocean transport is being
deregulated. This will allow:
a. carriers to price their offerings without the need to publish
rates
b. confidential “all trade” service contracts between
carriers
and shippers
c. a. and b. above
d. none of the above CLM - Pittsburgh Roundtable
1999 College Challenge
Round 2 - Question 6
If demand increases by 10% and the value of each
unit increases by 10%, what will happen to the
EOQ? (Assume that everything else remains the
same). a.
the EOQ will increase by 10%
b.
c.
d.
e.
the EOQ will increase by 20%
the EOQ will decrease by 10%
the EOQ will decrease by 20%
the EOQ will remain the same
CLM - Pittsburgh Roundtable
1999 College Challenge
Round 2 - Question 6
If demand increases by 10% and the value of each
unit increases by 10%, what will happen to the
EOQ? (Assume that everything else remains the
same). a.
the EOQ will increase by 10%
b.
c.
d.
e.
the EOQ will increase by 20%
the EOQ will decrease by 10%
the EOQ will decrease by 20%
the EOQ will remain the same
CLM - Pittsburgh Roundtable
1999 College Challenge
Round 2 - Question 7
Which of the following strategies are mass
merchant retailers generally pursuing:
a. more “FOB Delivered” terms
b. more “FOB Origin” Terms
c. putting less emphasis on terms and more
emphasis on first time cost
d. making freight cost the supplier’s problem
CLM - Pittsburgh Roundtable
1999 College Challenge
Round 2 - Question 7
Which of the following strategies are mass
merchant retailers generally pursuing:
a. more “FOB Delivered” terms
b. more “FOB Origin” Terms
c. putting less emphasis on terms and more
emphasis on first time cost
d. making freight cost the supplier’s problem
CLM - Pittsburgh Roundtable
1999 College Challenge
Round 2 - Question 8
As the number of warehouses used by a company
increases:
a. transport costs will decrease; inventory cost and cost of lost sales will
increase
b. transport costs and cost of lost sales will increase; inventory costs will
decrease
c. transport costs and inventory cost will decrease; cost of lost sales will
increase
d. transport costs and cost of lost sales will decrease; inventory costs will
increase
e. none of the above
CLM - Pittsburgh Roundtable
1999 College Challenge
Round 2 - Question 8
As the number of warehouses used by a company
increases:
a. transport costs will decrease; inventory cost and cost of lost sales will
increase
b. transport costs and cost of lost sales will increase; inventory costs will
decrease
c. transport costs and inventory cost will decrease; cost of lost sales will
increase
d. transport costs and cost of lost sales will decrease; inventory costs
will increase
e. none of the above
CLM - Pittsburgh Roundtable
1999 College Challenge
Round 2 - Question 9
Which type of warehouse is used when a
company wishes to store goods that will be
used as collateral?
a. bonded
b.financial
c. field
d.private
CLM - Pittsburgh Roundtable
1999 College Challenge
Round 2 - Question 9
Which type of warehouse is used when a
company wishes to store goods that will be
used as collateral?
a. bonded
b.financial
c. field
d.private
CLM - Pittsburgh Roundtable
1999 College Challenge
Round 2 - Question 10
Giving or sending a purchase order to a
supplier:
a. results in a contract when the acknowledgment
copy is returned by the supplier to the purchaser
b. results in a contract only when the supplier ships the
material
c. creates a contract
d. must be done in at least two copies to be legal
e. none of the above CLM - Pittsburgh Roundtable
1999 College Challenge
Round 2 - Question 10
Giving or sending a purchase order to a
supplier:
a. results in a contract when the acknowledgment
copy is returned by the supplier to the purchaser
b. results in a contract only when the supplier ships the
material
c. creates a contract
d. must be done in at least two copies to be legal
e. none of the above CLM - Pittsburgh Roundtable
1999 College Challenge