Inventory Shrinkage

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CẦU 1.

Inventory shrinkage
TRẢ LỜI
A. is another name for inventory turnover
B. refers to a technique of stabilizing unit loads
by using shrink wrap packaging
C. refers to the fact that more items are recorded entering than leaving warehousing
facilities

CẦU 2.
Which of the folowing is not exactly a goods handling equipment?
A. Conveyors

CÂU 3.

Logistics historicall grew from the function of supplying troops in the field.
A. Military.

CÂU 4.

* Which of the following is not a characteristic of sea freight?

C. In long - haul transport abroad, this freight transport is often used for the first and
the last transport stages OD. Possibly transport the largest

Cau 5.

_ recognizes that all inventories are not of equal value to a firm and thus all
inventories should not be managed in the same way.

A. ABC analysis of inventory

CÂU 6.

_ is bringing together similar stocks from different sources.

A. accumulating

CẦU 8.

Why warehouses are different with distribution centres?


A. Because warehouses are only for storage while distribution centres are for
both storage and distributing

Cau 9. _refers to the removal of intermediaries between producer and consumer.

 Disintermediation

Cau 10. Following the fixed transporting schedule of carriers is the common
characteristic of which transportation modes?

 C. Air freight, sea freight, rail freight

Cau 11. Choose the WRONG answer. Tailored logistics is applied when

 companies use one logistics approach to target all their customers as well
as all their partners

Cau 12. The economic order quantity (EOQ) determines…

 the point at which carrying costs equal ordering costs

Cau 13. Many organizations hold safety stocks as part of their inventory. Which of
the following is a reason for holding safety stocks?

->To cater for demand forecast errors

6. _warehousing is owned or occupied on a long-term lease by the firm using


them. private.

-> Private

7. Packaging testing methods include:

TRẢ LỜI

A. stacking, pouring water over, drying, rough handling, lifting up, compressing,
horizontal pushing, vertical dropping,
moistening, spinning around

B. vibrations, vertical impacts , horizontal impacts, rough packaging, pushing,


stacking , immersing in water

CC. immersing in water, horizontal throwing, lifting up, vibrations, overexposure to


extreme temperatures or moisture
D. compression , vibrations, rough handling, horizontal impacts, dropping,
overexposure to extreme

temperatures or moisture

CÂU 16.

A supply chain is a sequence of firms that perform activities required:

TRẢ LỜI

A. To create synergy in their training programs

B. To create and deliver goods to consumers

CC. To facilitate wholesalers inventory selections

D. To support the acquisition of raw materials

CÂU 17.

Pedro is a store which mainly sells fashionable bags and shoes. This store wants to
calculate the ordering cost per year and the carrying cost per order for their next
business year based on the number of items that the store expects to sell. They expect to
sell 2400 items every month, their ordering cost per order is $60. The average value of
an item is $80. The carrying cost is 26% of the value of an item. If Pedro calls for
orders every week, how much will the ordering cost for a year and the carrying cost for
an order be? Note: 1 year has 52 weeks and assuming 1 month has 4 weeks.

- TRẢ LỜI

CA. Co - $ 2400 and C, = $ 2080

OB. Co = $ 2400 and C, = $ 24, 960

OC. Co = $ 3120 and C, = $ 3565.7

= $ 3120 and Ch - $ 6240 OD.

CaU 18.

7Rs in Logistics stand for:

V TRÀ LỜI
A. Right production, Right marketing, Right finance, Right accounting, Right
human resource, Right estate, Right

operations

CB. Right supply chain , Right transportation, Right warehouse, Right packaging ,
Right inventory, Right handling, Right

distribution centers

C. Right product, Right quantity, Right condition or quality, Right place, Right
time, Right people, Right cost or price

D. Right product, Right service, Right procedure, Right machine, Right workers,
Right management, Right materials

CẦU 19.

Every customer getting the same type and level of logistics service refers to

V TRẢ LỜI

A. Green logistics

B. Tailored logistics

CC. Mass logistics

CD. Humanitarian logistics

CẦU 20.

* Weasel is a company that specially produces and sells automated guided vehicle
to some wholesalers and retailers. They demand regularly 2,000 vehicles every month.
Weasel needs to know the right time for placing a
new order. After dealing with their supplier, they know that every time they make a
new order, it will take 5 days for waiting their order arrives. In order to cope with
sudden demand, they have to keep at least 200 vehicles in their warehouse. Let's help
Weasel determine the reorder point. Assuming that a month has 25 days.

V TRẢ LỜI

CA. ROP - 10, 200 vehicles


B. ROP 523 vehicles

CC ROP = 600 vehicles

D. ROP 534 vehidles

M thi

CẦU 21.

Which of the following statements is FALSE?

V TRẢ LỜI

A. A product's chemical characteristics have little to no influence on the way the


product is handled.

B. The various properties of goods must be made known to consumers to help


them make the correct buying decision and properly care for the product.

C. Perishable products require special packaging as they move from source to


customer.

CD. Some products might be exposed to freezing weather; others might not.

CẦU 22.

The order cycle is

V TRẢ LỜI

A. also called the vendor cycle

B. also called the replenishment cycle

C. the time that it takes for a check to clear

D. the time that it takes from when a customer places an order until the

selling firm recelves the order

CẦU 23.
Choose the WRONG answer. Humanitarian logistics represents

V TRẢ LỜI

A. an emerging application of logistics to only - for - profit organizations.

OB. a branch of logistics which specializes in organizing the delivery and


warehousing of supplies during natural disasters or

complex emergencies to the affected area and people.

C. the process of planning, implementing and controlling the efficient, cost -


effective flow and storage of goods and

materials, as well as related information, from the point of origin to the point of
consumption for the purpose of alleviating

the suffering of vulnerable people.

D. a sector to deliver emergency relilef more effectively , and help organizations to


make a difference in disaster response.

CAU 24.

* Which of the following statements about a one-dock layout is FALSE?

V TRẢ LÒI

A. It requires carriers to pick up and deliver at specific times

B. Goods move in a straight configuration

C. Product may sometimes be reloaded in the vehide that delivered it

D. Each and every dock can be used for both shipping and receiving

CẦU 25.

Which of the following statements is right about Fixed Order Interval?

V TRẢ LÒI

A. A hybrid inventory system in which the inventory analyst reviews the inventory
position at fixed time periods
B. In fixed time period arrangement, orders are triggered by a quantity

C. This model requires close monitoring of inventory levels in order to know when
the amount on hand has reached the reorder point.

D. This ensures that there are no stock outs unless there is a great level of
fluctuations in demand.

CÂU 26.

Intexshop specializes in selling computer hardware equipment. They purchase their


inputs with the price at $35 per item and they plan to sell 8,000 items every year. The
ordering cost is $22 per order and their annual inventory carrying cost is 26% of the
price of an item. What is the economic order quantity? How much is their total
inventory cost?

TRẢ LỜI

B. EOQ » 197 items and TC =$ 281, 789. 8

Caau 27.

Flows running throughout the supply chain include:

-> the product flow, the information flow, and the finances flow.

CÂU 28.

Which of the following is WRONG about Intermodal transportation?

D. Intermodal freight consists of products and raw materials that are transported in a
container by a variety of the same vehicles which belong to one transportation mode.

Cau 29. Chon C


Cau 30.

Each of the following is a shipping hazard that a package may be exposed to except

TRẢ LỜI

CA. rough handling

B. vibration

C. compression

D. retraction

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