From a health and safety perspective, which of the following sets of parameters must be taken into account when considering manual material handling?
A. Task, working environment, equipment, and individual capacity
B. Task, load, layout, and equipment
C. Layout, load, working environment, and individual capacity
D. Task, load, working environment, and individual capacity
When a company decides not to purchase insurance to cover a risk, it is pursuing what type of risk strategy?
A. Retention
B. Transfer
C. Mixed
D. Mitigation
A developing country would like to improve its trade relations with Europe by updating its port infrastructure. Which international organization would help fund the project?
A. the bank for International Settlements
B. The World bank
C. The Central bank
D. The International Monetary Fund
Which of the following groups was formed for the purpose of eliminating the trade barriers among its members?
A. United nations (UN)
B. European Union (EU)
C. Organization of Petroleum Exporting Countries (OPEC)
D. North Atlantic Treaty Organization (NATO)
Which of the following is normally within the logistics function of a manufacturing organization?
A. Production management
B. Financial management
C. Warehouse management
D. Marketing management
A logistics manager is developing a supply chain risk management plan incorporating contingency plans for alternatives to transport failures. Which of the following factors best represents this approach?
A. Avoidance
B. Acceptance
C. Mitigation
D. Redundancy
A company receives automobile parts from global manufactures into its distribution center before redeploying the parts to local retail outlets.
Which of the following documents can be used to proactively plan for the redeployment of the parts?
A. Bill of lading (B\L)
B. Advance ship notice (ASN)
C. Routing guide
D. Shipment manifest
A trucking company purchased a tractor-trailer for $150,000 to support its short-haul business. The tractor-trailer will be in service for 5 years before it will be sold at $55,000.
With annual fuel costs estimated at $12,000, what is the annual depreciation for the vehicle?
A. $7,000
B. $11,000
C. $19,000
D. $30,000
Which of the following sets of elements are the major components of inventory carrying cost?
A. Capital, storage space, inventory service, transportation
B. Storage space, inventory service, inventory risk, transportation
C. Capital, storage space, inventory service, inventory risk
D. Capital, storage space, inventory service, distribution
Which of the following theories is illustrated in the list below?
Stage 1: A new product is created to fill a domestic need and produced locally.
Stage 3: The newly created product is offered to international customers.
Stage 4: International customers develop expertise and offer the product at a lower cost to the original
country.
A. International product life cycle theory
B. Porter's cluster theory
C. Sheffi's logistics cluster theory
D. Theory of Comparative Advantage