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IDIS 343 FINAL QUESTIONS AND ANSWERS
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IDIS 343 FINAL QUESTIONS AND ANSWERS
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IDIS 343 FINALQUESTIONS
AND ANSWERS
Which of the following product characteristics is the most related to the utilization of the
transportation equipment and the inventory space?
•Value-to-weight ratio
Value of the product
Weight-to-volume ratio
Substitutability - answer- Weight to Volume Ratio
Which of the following products would more likely need a responsive supply chain?
Ball point pens
Christmas ornaments
Customized birthday gifts
Toilet papers - answer- Customized birthday gifts
Which of the following is NOT associated with efficient supply chains?
Finished good inventory
Large shipment sizes
Premium transportation
Batch order processing - answer- Premium Transportation
Which of the following product characteristics is related to perishability, flammability and
ease to steal?
Value-to-weight ratio
Weight-to-volume ratio
Risk factors
Substitutability - answer- Risk Factors
,Which of the following products is NOT in its maturity stage?
Laptops
Electric cars
Coca cola
Lamps - answer- Electric Cars
Regarding the size of the distribution network for different consumer products, which of
the following ordering is correct?
Distribution network size: specialty < shopping < convenience
Distribution network size: shopping < convenience < specialty
Distribution network size: specialty = shopping = convenience
Distribution network size: convenience < shopping - specialty - answer- Distribution
network size: specialty < shopping < convenience
Which of the following is NOT a characteristic of a responsive (supply-to-order) supply
chain?
Frequent premium shipping
Low inventory cost
Larger production runs
Short lead times - answer- Larger production runs
Logistics create value in terms of
i. Form
ii. Time
iii. Possession
iv. Place - answer- ii and iv
Which of the following provides motivation to study logistics
i customer service expectations are increasing
ii length of supply chains are increasing.
iii logistics adds customer value - answer- i, ii, and iii
Which of the following is NOT a phase in product life-cycle?
Introduction
Growth
Maturity
Research and Development - answer- Research and Development
Optimal service level occurs when______?
profit is maximized
all of the above
marginal revenue = marginal cost
slope of the revenue function is equal to the slope of the cost function - answer- All of
the above
, A supplier offers a unit price of $5 when the buyer purchases fewer than 3,000 units,
and the price fol unit is $4 for any quantity exceeding 3,000. This is an example of which
of the following pricing methods?
freight equalization pricing
quantity discounts
base point pricing
zone pricing - answer- quantity discounts
Which of the following is correct for supply chains?
Information flows in both directions between downstream and upstream.
All of the above.
Materials generally flow from upstream to downstream
Money generally flows from downstream to upstream - answer- All of the above
Which of the following is NOT a primary activity in supply chains?
Inventory Management
Transportation
Protective Packaging
Setting Customer Service Goal - answer- Protective Packaging
Shipment consolidation is
delay of final formation of product as long as possible
accumulating small shipments before making a dispatch
responding customers with expedited shipments
consideration of tradeoff between conflicting objectives - answer- accumulating small
shipments before making a dispatch
Changes in
requires developing a new logistics plan.
Customer service
Demand
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