Triple bottom line (TBL) refers to balancing the following impacts:
A. economic, social, and environmental.
B. environmental, ecological, and ethical.
C. social, environmental, and regulatory.
D. financial, economic, and social.
As a means to protect domestic industries, which of the following requirements is an example of a non-trade barrier?
A. Requesting a mandatory consular invoice
B. Utilizing Convention on International Sale of Goods (CISG)
C. Mandating compliance with triple bottom line (TBL)
D. Demanding process efficiency
Which of the following statements best describes the relationship between order cycle time and inventory?
A. The shorter the order cycle length, the more inventory is required to be held
B. The shorter the order cycle length, the less inventory is required to be held
C. The longer the order cycle length, the less inventory is required to be held
D. The changes made to the order cycle has little/no impact on inventory levels
When looking at on organization's logistics system, which of the following expenses is the single largest variable cost?
A. Inventory carrying costs
B. transportation costs
C. Warehouse operations costs
D. Supply management costs
Which of the following inventory cost elements is the most difficult to quantify?
A. Unit cost
B. Cost of reordering
C. Carrying cost
D. Shortage cost
The primary role of the World Trade Organization (WTO) is to:
A. establish an international system of payment.
B. stabilize international currency exchange rates.
C. enforce free trade on a global basis.
D. create global free trade agreements.
In addition to order placement and order processing, which of the following steps are part of the order management process?
A. Order preparation and loading and order picking
B. Order preparation and loading and order delivery
C. Order transit time and order returns
D. Order transit time and customer receiving
Which of the following items undermines the attempts to simplify transportation pricing?
A. rate-basis numbers
B. Class rate
C. Commodity rate
D. Incentive rate
The practice of carriers charging all of their customers more during the peak harvest season is a type of pricing known as:
A. differential rates.
B. incremental rates.
C. distributive rates.
D. commodity rates.
In warehouse operations, picking process occurs when:
A. customer orders for product are ready to be shipped or to replenish a forward case or unit pick area.
B. immediately after a product is stored in a designated location in order to be shipped to the customer.
C. a Kanban signal arrives to replenish material in the workshop.
D. when a customer order needs to be replaced by a new product die to engineering changes.
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