Which modes of transportation are used to primarily move low value, high density commodities?()
A. rail and motor
B. air and motor
C. water and motor
D. water and rail
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Which two basic costs are considered in the basic EOQ model?()
A. Inventory carrying costs
B. interest costs
C. order costs
D. obsolescence costs
Which factors did drive the business change and promote the development of logistics and supply chain management? ()
A. Globalization
B. Technology
C. Growing power of big-box retailers
D. changes in consumer Behavior
Which of the followings are considered parts of the new customer service measurement (perfect order)?()
A. Orders received on time
B. Link node selection for order handling
C. Orders received safely
D. Orders billed correctly
Which statements in the following are correct about logistics? ()
A. Providing time and place utility/value of materials and products in support of organization objectives.
B. To plan and co-ordinate those logistics activities to achieve desired levels of delivery service at lowest possible cost
C. Logistics management is one part of supply chain management.
D. After the World WarⅡ, “logistics” was used in business.
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