Preview (10 questions)
1 Question
30 seconds
Q.

Logistic management is _______ part of a successful business.


Minimal

An integral

An unrelated

2 Question
30 seconds
Q.

The task of buying goods of the right quality, in the right quantity, at the right time, at the right place, is called __________.


Purchasing

Supplying

Scrutinizing

3 Question
30 seconds
Q.

________ were originally used to label cars on the railroads. 


Color coding

Procurements

Barcodes

4 Question
30 seconds
Q.

Is Logistics management a part of the supply chain?


Yes

No

5 Question
30 seconds
Q.

Buying according to the requirements is called _______ buying.


Seasonal

Hand to mouth

Speculative

6 Question
30 seconds
Q.

Expand the term: VLCC


Very Large Crude Container

Very Large Closed Container

Very Large Crude Carrier

7 Question
30 seconds
Q.

Place Utility is created by _______ function.


Distribution

Operation

Logistics

8 Question
30 seconds
Q.

Which of the following is not an activity in the generic value chain of logistics?


Supply chain management

Human Resource Management

Marketing and sales

9 Question
30 seconds
Q.

Form utility is created by _______ function.


Operation

Logistics

Distribution

10 Question
30 seconds
Q.

The objective of the independent business function stage is the maximization of profit by _________.


More expenses

Core competency

Sales volume