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Trans Quiz 1

QuestionAnswer
The country of Germany has implemented a secondary refuse collection system, specifically targeted at packaging materials, that is funded entirely by industry. True
The EPA's SmartWaySM Transport Partnership program is a voluntary effort between the government and the transportation industry to develop and implement methods to improve air quality and reduce greenhouse gas emissions in transportation. True
Cradle to cradle refers to logistics streams that rely heavily on landfill, especially for returned products. False
The total value of international trade (2012) in services and merchandise is about ___. $ 23,000,000,000,000
Russia can produce 25 tons of steel or 5 automobiles using th (e same amount of resources. Using the exact same amount of resources, India can produce 18 tons of steel and 3 automobiles. at what price will Russia and India trade? (comparative advantage) India will buy automobiles as long as the price is lower than 6 tons of steel
Successful supply chain strategies cannot be expected to simultaneously lower costs, increase service levels and reduce inventory quantities. False
The complexity of logistics and transportation. are often accentuated as Global supply chains increase in length (distance and time). True
According to the textbook the United States, China and India are the largest importing countries. False
Demand forecasting, purchasing, requirements planning, production planning and manufacturing inventory are all part of inbound logistics. True
When considering the Logistics costs components of GDP in the U.S. Logistics costs have dropped from 16% of U.S. GDP in 1980 to under 9% the past few years.
Transportation spend account for nearly two thirds of logistics dollar in the United States' gross domestic product (GPD). True
The 7-Rs of supply chain management include Right Product Right Place Right Price Right Customer Right Condition Right Time Right Quantity
The faster it moves the greater the transportation spend True
The following are top ten supply chain innovations according to the Supply Chain Digest video we watched. All of these
On occasion, a firm will respond to a competitor’s move by retaliating. For example, Linde Gas (an American firm producing industrial gasses) entered the French market when Air Liquide (a French company in the same industry) Competition driver
It is generally accepted that ___. supply chain management encompasses activities that are broader than those of logistics management.
Logistics costs (transportation and inventory costs) represent about 15 percent of the United States' gross domestic product (GPD). False
Logistics costs amounted to 20 percent of the Chinese GDP in 2000, and they had only decreased to 18.3 percent in 2006. True
The following are functional areas often classified as Inbound Logistics: The activities of receiving, storing, and disseminating incoming goods or material for use.
International trade is still mostly concentrated among the developed countries of the Northern Hemisphere. Which country is the largest importer of the world? United States
Logistics cluster theory suggests an area can develop a substantial competitive advantage by providing several logistics service providers in one area. The area then attracts export- and import-minded manufacturers. True
Logistics has time, place, and quantity utilities. True
Which one of the following functional areas is not classified as Outbound Logistics? Purchasing
Cultural issues are not considered to be challenging for international logistician. False
When considering the Logistics costs components of GDP in the U.S. - Logistics costs have dropped from 16% of U.S. GDP in 1980 to under 9% the past few years.
Companies increasingly are designing products so that they can gain a competitive advantage through reverse logistics. Returned products are ___. All of these
Global trade as measured in U.S. dollars has remained the same for the past 25 years. False
Inbound logistics refers to the finished products inbound to the final customer. False
The Bretton Woods Conference in July 1944 led to the creation of two important Institutions designed to facilitate world trade. All of these
Successful supply chain strategies cannot be expected to simultaneously lower costs, increase service levels and reduce inventory quantities. False
Which one of the following functional areas is not classified as Outbound Logistics? The movement of material associated with storing, transporting, and distributing goods to its customers.
"Reverse logistics" deals with the activities involved in the return of products to the manufacturer, including the return of used packaging True
Inventory carrying costs account for nearly two thirds of logistics dollar in the United States' gross domestic product (GPD). False
Transportation spend account for nearly two thirds of logistics dollar in the United States' gross domestic product (GPD). True
Created by: andunham
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