Corp Memberscheme
/99 0 votes, 0 avg 56 Logistics and Supply Chain Management Welcome to the Corp Members Scheme Examination Portal. We wish you all the best as you kick start a wonderful career with usONLINE EXAMINATIONSThe online assessment is taken on completion of the training material. You will be asked 100 multiple choice questions with a pass mark of 50%. The answers are marked automatically so you will instantly know whether you have passed. If you don’t pass don’t worry! You can take the Exam againWhether you are a student on our platform or not we encourage you to email your enquires to our friendly team if you need help with anything at info@corpmemberscheme.com REGISTER TO START YOUR EXAMINATION 1 / 99 LM. The total logistics cost includes expenses associated with transportation, materials handling and: (a) customer complaints, cost of food and highway usage taxes (b) warehousing, inventory, stock outs and order processing (c) inventory control with sales forecasting 2 / 99 LM. ………. is the time that elapses between issuing replenishment order and receiving the material in stores. (a) Replenishment time (b) Lead time (c) Idle time 3 / 99 Zebra crossing is a sign in which mode of transportation? (a) Road (b) Rail (c) Water 4 / 99 LM. LAMATA and LASTMA are two transport management and traffic management agencies respectively in ……… (a) Ogun (b) Oyo (c) Lagos 5 / 99 LM. Which of the following may not be a statutory role of the Federal Road Safety Commission? (a) Accident reduction (b) Drivers and passenger’s education (c) Improving income of passengers 6 / 99 LM. ………… is a board range of activities concerned with efficient movement of finished goods from the end of the production line to the consumer (a) Physical distribution (b) Channel of distribution (c) Intensive distribution 7 / 99 LM. Which of the following is not a major transportation problem in world urban centres? (a) Traffic congestion (b) Pollution (C) Routing 8 / 99 LM. Combining different transportation modes in order to get the best features of each is called: (a) freight forwarding (b) intermodal transportation (c) bimodal logistics 9 / 99 LM. The cheapest means of transportation is ……… (a) Air (b) Rail (C) Water 10 / 99 LM. DRP stands for (a) distribution requirement planning (b) dividend requirement planning ( (c) distribution resource planning 11 / 99 LM. Moving broken, unwanted, or excess products returned by consumers or resellers is called ………… distribution. (a) outbound (b) inbound (c) reverse 12 / 99 LM. The lead-time gap is best described as: (a) The time it takes to satisfy a customer order (b) The total supply chain lead-time from extraction of raw materials to consumption by the end-user (C) The time difference between the total supply chain lead-time and the customer order cycle time 13 / 99 LM. Which of the following is not included in the function of physical supply? (a) Standardization (b) Storage (c) Packaging 14 / 99 LM. What types of costs need to be considered in making global sourcing decisions? (a) Transportation costs (b) Production costs (c) All of the above 15 / 99 lm. ………… segmentation classifies consumers on the basis of age, sex, income, and occupation (a) Psychological (b) Geographic (c) Demographic 16 / 99 LM. Which of the following types of infrastructure support logistics and supply chain development (A) Legal systems (B) Utility services (C) Transportation networks 17 / 99 LM. Which of the following modes of transportation has been widely used for inter-continental trips? (a) Air (b) Water (c) Road 18 / 99 LM. Toyota supply chain is characterized by (a) Long term relationship with suppliers (b) Long term relationship with employees (c) Long term relationship with marketing executives 19 / 99 LM. Transporting and storing goods is part of which of the following marketing channel functions? (a) negotiation (b) physical distribution (c) contact 20 / 99 LM. ……….. is the best option for time sensitive cargo (a) Airfreight (b) Maritime Transport (c) Road transport 21 / 99 LM. The most expensive form of transportation with respect to shipping goods is: (a) rail (b) water (c) air 22 / 99 LM. The word Logistics is derived from ……….. word (a) Greek (b) Latin (c) Spanish 23 / 99 LM. ………. is the integration and organization of information and logistics across firms in a supply chain for the purpose of creating and delivering goods and services that provide value to consumers (a) Supply chain management (b) Logistics management (c) Point-to-point management 24 / 99 LM. The total logistics cost factors need to be balanced against the: (a) supply chain managers total experience (b) total expected transportation needs (c) customer service factors 25 / 99 LM. Road transport mode is relatively more important because of its……… (a) Income generation (b) Safe nature (C) Door-to-door services provision 26 / 99 LM. …….. is the process of planning, implementing and controlling the efficient and effective flow of materials, storage and distribution of finished goods from one point to another in order to fulfill customer requirements (a) Logistics (b) Warehousing (c) Inventory 27 / 99 lm. The four Ps are characterized as being…………. (a) Product, Positioning, place and price (b) Product, production, price and place (c) Product, place, price and promotion 28 / 99 LM. The process of moving the raw materials from the place of the suppliers to the place of the producers is known as…………. (a) Inbound logistics (b) Outbound logistics (c) Inventor management 29 / 99 LM. What is the first step in choosing a supply chain? (a) developing an umbrella mission statement (b) understanding the customer (c) making sure the members of the supply chain harmonize with the organizational culture 30 / 99 LM. With which customer service factor are quick response and efficient consumer response delivery systems most closely related? (a) time (b) dependability (c) inventory costs 31 / 99 LM. The management of an effective supply chain requires the coordination of a wide range of activities which include: (a) inbound logistics (e.g. purchasing and material releasing, inbound transportation, receiving, materials handling). (b) internal logistics (e.g. inventory control and management, demand and supply planning, production planning). (c) all of the above. 32 / 99 LM. Supply chain management impacts all of the following aspects of the marketing mix strategy except: (a) the target market selection decision (b) product mix decisions (c) pricing decisions 33 / 99 LM. A distribution channel moves goods and services from producers to consumers. It overcomes the major time, place, and ……….. gaps that separate goods and services from those who would use them. (a) possession (b) profit (c) image (a) possession (b) profit (c) image 34 / 99 LM The term “Logistics and “………” are used very loosely and interchangeably because both are considered as an act of procurement, movement, and storage of materials along the chain of transportation. (a) Supply chain (b) Mobility (c) Warehousing 35 / 99 LM. Logistics is the part of a supply chain involved with the forward and reverse flow of (a) goods (b) services (c) all of the above 36 / 99 LM. Which statement best describes a supply chain. (a) A chain of interconnected companies (b) A chain of interdependent companies (C) A network of interdependent and interconnected companies competing as one 37 / 99 LM. Modes of transportation are typically evaluated on the basis of all of the following criteria except: (a) accessibility (b) perishability (c) frequency 38 / 99 LM. The physical characteristics of a product will often dictate the (a) forms of sales promotion to be used (A) geographic regions for distribution (B) type of transportation to be used (C) type of sales that can be made 39 / 99 LM. The flow of goods from production to consumption is known as………… (a) Inbound logistics (b) Outbound logistics (c) Process logistics 40 / 99 LM. What challenge do managers face when making re-location and sourcing decisions? (a) Act local and think local (b) Think global and act global (c) Act local and think global 41 / 99 Which of the following is not a part of Supply chain Management system? (a) Supplier (b) Manufacturer (c) Competitor 42 / 99 LM. Which of the following is not a component of 4PL? (a) Control Room (Intelligence) (b) Resource Providers (c) Recycling 43 / 99 LM. The width of the road is often referred to as ……… (a) Right of ownership (b) Right of way (c) Right of driving 44 / 99 LM. Deciding on the number of and location for stocking facilities for storage of products is part of which of the following physical distribution decisions? (a) order processing (b) warehousing (c) inventory 45 / 99 LM. ………. is the provision of service to customers before, during and after a purchase (a) Customer Service (b) Product Management (c) Purchase management 46 / 99 LM. JIT stands for (a) Just in time (b) Joint International trade (c) Joint Investigation team 47 / 99 LM. Local governments are concerned with the construction and maintenance of …….. roads (a) Trunk C (b) Trunk D (c) Trunk B 48 / 99 LM.. Reverse logistics is required because (a) Goods are defective (b) Goods are unsold (c) All of the above 49 / 99 LM. There are a number of key influences on the selection of distribution strategy. Which of the following is generally recognized as a key influence? (a) Buyer behaviour (b) Producer's needs (c) All of the above 50 / 99 Which of the following statements is true (a) Logistics and supply chain are same (b) Logistics is a subset of supply chain c) Physical distribution and logistics are the same 51 / 99 LM. ……….. serves as the connection between various stages of a supply chain (a) Technology (b) Information (c) Production 52 / 99 lm. Complexity in the supply chain is caused by (a) the number of SKUs (b) locations of customers and suppliers (c) All of the above 53 / 99 LM. ……… and physical distribution are the two major operations of logistics (a) Supply Chain Management (b) Materials Management (c) Logistics Management 54 / 99 LM. Electronic data interchange (EDI) is commonly used to (a) make purchase orders (b) facilitate electronic payments (c) support letter of credit systems 55 / 99 LM. What is one major fear of managers when they decide to outsource their logistics function? (a) The achievement of cost savings (b) Transfer of fixed costs and capital investments into variable costs and expenditure (c) Loss of operational control and reduced contact with customers 56 / 99 LM. A reason to carry inventory would include: (a) to have tax write-off opportunities (b) having a wide variety to meet customer expectations (c) to promote purchasing and transportation discounts 57 / 99 LM. All of the following are considered to be major logistics functions except: (a) promotion to wholesalers and retailers (b) order processing (c) inventory management 58 / 99 LM. Which of these is not connected with Air Transportation in Nigeria? (a) NIWA (b) FAAN (c) NCAA 59 / 99 LM. Which of the following agencies is not involved in road traffic management? (a) LASTMA (b) FRSC (c) FAAN 60 / 99 lm. ………. are goods with high volume, low unit value and fast purchase (a) soft goods (b) FMCG (c) consumer durables 61 / 99 LM. The green band of the traffic lights signifies ……… (a) Stop (b) Get ready (c) Move 62 / 99 LM. A fundamental part of the distribution function is to get the product: (a) To the right place at the right time (b) Launched into new markets (c) To intermediaries 63 / 99 LM. Dualization of Federal Roads in Nigeria is the responsibility of: (a) Federal Ministry of Finance (b) Federal Ministry of Transport (c) Federal Ministry of Works and Housing 64 / 99 LM. ………. applies to the timely movement of materials from the sources of supply to the point of manufacture, assembly, or distribution (a) Physical distribution (b) Materials management (c) Supply clusters 65 / 99 LM. 3PL stands for (a) Three points logistics (b) Third party logistics (c) Three points location 66 / 99 LM. Current trend in supply chain, there has been a shift in the power structure in a chain towards (a) Retailers (b) Manufacturer (c) Supplier 67 / 99 LM. Highways design is an essential element in transport planning and engineering. (a) False (b) Almost true (c) True 68 / 99 lm. Ensuring the availability of the products and services as and when required by the customers is………… utility (a) Time (b) Place (c) Form 69 / 99 LM. The mode of transportation that accounts for the largest percentage of cargo moved in Nigeria is: (a) rail (b) truck (c) water 70 / 99 LM. Which of the following is not a mode of transportation? ? (a) Air (b) Rail (C) Ports 71 / 99 LM. The aim of supply chain management is to: (a) Manage the storage and movement of materials in the supply chain (b) Reduce total logistics costs (C) Enhance value in the final marketplace and maximise profit for the whole supply chain 72 / 99 LM. SKU stands for (a) Stock keeping unit (b) Store keeping unit (c) Strong key unit 73 / 99 LM. Physical distribution management involves management of good and services to first and second tier customers regarding their: (a) Inventory levels (b) Inventory locations (c) All the above 74 / 99 LM.. Most producers use………..to bring their products to market. (a) detailers (b) intermediaries (c) expediters (d) customs 75 / 99 LM. Eastern Nigeria to Western Nigeria Passenger’s trip are mostly carried out using ……… (a) Rail (b) Pipeline (c) Road 76 / 99 LM. Lead time and order cycle time are the same as (a) customer service time (b) supply chain flow (c) replenishment time 77 / 99 LM. A set of interdependent organizations involved in the process of making a product or service available for use or consumption by the consumer or business user is called a: (a) retailer (b) wholesaler (c) distribution channel 78 / 99 LM. Logistics, as currently practised, has its origin in (a) biblical times (b) World War I (c) World War II 79 / 99 LM. In ………… process execution is initiated in response to a customer order (a) PULL (b) PUSH (c) Forward 80 / 99 lm. Outsourcing involves (a) moving company facilities away from the home office (b) hiring foreign nationals to manage parts of the business (c) obtaining materials, parts, and products from other companies 81 / 99 LM. ………. includes design and administration of systems to control the flow of materials, WIP and finished inventory to support business unit strategy (a) Logistics Management (b) Materials Management (c) Bill of Materials 82 / 99 LM. Distribution requirement planning is a system for (a) Inventory management (b) Distribution planning (c) Both ‘a’ and ‘b’ 83 / 99 LM ………… is the order quantity that minimizes total inventory holding costs and ordering cost. (a) EOQ (b) ERP (c) EPM 84 / 99 LM. Pricing interacts with a supply chain in many ways. For instance, transportation rate structures are adjusted by the carrier based on: (a) cost to unload (b) the size of the shipment (c) local currency rates 85 / 99 LM. Today, companies have to manage relation with their………… in order to ensure timely supplies and meet customer’s requirements (a) Customers (b) Government (c) Suppliers 86 / 99 LM. The slowest form of transportation for shipping goods is: (a) rail (b) water (c) air 87 / 99 LM. A reexamination of logistics system helps firms (a) Reduce inventory costs (b) Reduce transportation cost and delivery time (C) a and b 88 / 99 LM. All are International Airports in Nigeria except? (a) Port Harcourt (b) Kano (C) Akure 89 / 99 LM. VMI stands for (a) Vendor material inventory (b) Vendor managed inventory (c) Variable material inventory 90 / 99 LM. An important feature of supply chain management is its application of electronic commerce technology that allows companies to share and operate systems for: (a) order processing, transportation scheduling, and inventory management (b) cost-effective flowing of raw materials (c) future purchasing of computer systems 91 / 99 LM. Which of the following mode (s) of transportation may play a complementary role in decongesting road transport system in Lagos? (a) Air and Water (b) Water and Rail (c) Rail only 92 / 99 LM. Fed-EX is an example for………… company (a) 3rd Party logistics (b) Marine cargo (c) Marketing ( 93 / 99 LM. A warehouse that emphasizes speed and efficient product flow to hold goods for short periods of time and move them out as soon as possible: (a) is a storage warehouse (b) is a freight forwarder (c) is a distribution centre 94 / 99 LM. NURTW Stands for ……… (a) National Union of Rail Transport Workers (b) National Union of Road Transport Workers (c) National Union of Road Training Workers 95 / 99 LM. ITS means: (a) Intelligent Transportation Systems (b) International Transportation Strategy (c) International Traffic System 96 / 99 LM. The inventory management systems designed to reduce the retailer's lead time for receiving merchandise is called: (a) efficient consumer response delivery system (b) effective response (c) on-time market delivery system 97 / 99 LM. Which of the following has not been used in the control of urban traffic system in Nigeria? (a) Restraints, use of even and odd numbers (b) Use of traffic lights (C) The use of the customs 98 / 99 LM. In warehousing, the acronym FIFO means (a) forklifts in forklifts out (b) first in first out (C) file in file out 99 / 99 LM. BRT is an urban transport best practice and it stand for? (a) Bus Rapid Transport (b) Bus Route Transport (C) Bus Rapid Transit Your score is 0% Restart quiz
Logistics and Supply Chain Management
Welcome to the Corp Members Scheme Examination Portal. We wish you all the best as you kick start a wonderful career with us
ONLINE EXAMINATIONS
The online assessment is taken on completion of the training material. You will be asked 100 multiple choice questions with a pass mark of 50%. The answers are marked automatically so you will instantly know whether you have passed. If you don’t pass don’t worry! You can take the Exam again
Whether you are a student on our platform or not we encourage you to email your enquires to our friendly team if you need help with anything at info@corpmemberscheme.com
1 / 99
LM. The total logistics cost includes expenses associated with transportation, materials handling and:
2 / 99
LM. ………. is the time that elapses between issuing replenishment order and receiving the material in stores.
3 / 99
Zebra crossing is a sign in which mode of transportation?
4 / 99
LM. LAMATA and LASTMA are two transport management and traffic management agencies respectively in ………
5 / 99
LM. Which of the following may not be a statutory role of the Federal Road Safety Commission?
6 / 99
LM. ………… is a board range of activities concerned with efficient movement of finished goods from the end of the production line to the consumer
7 / 99
LM. Which of the following is not a major transportation problem in world urban centres?
8 / 99
LM. Combining different transportation modes in order to get the best features of each is called:
9 / 99
LM. The cheapest means of transportation is ………
10 / 99
LM. DRP stands for
11 / 99
LM. Moving broken, unwanted, or excess products returned by consumers or resellers is called ………… distribution.
12 / 99
LM. The lead-time gap is best described as:
13 / 99
LM. Which of the following is not included in the function of physical supply?
14 / 99
LM. What types of costs need to be considered in making global sourcing decisions?
15 / 99
lm. ………… segmentation classifies consumers on the basis of age, sex, income, and occupation
16 / 99
LM. Which of the following types of infrastructure support logistics and supply chain development
17 / 99
LM. Which of the following modes of transportation has been widely used for inter-continental trips?
18 / 99
LM. Toyota supply chain is characterized by
19 / 99
LM. Transporting and storing goods is part of which of the following marketing channel functions?
20 / 99
LM. ……….. is the best option for time sensitive cargo
21 / 99
LM. The most expensive form of transportation with respect to shipping goods is:
22 / 99
LM. The word Logistics is derived from ……….. word
23 / 99
LM. ………. is the integration and organization of information and logistics across firms in a supply chain for the purpose of creating and delivering goods and services that provide value to consumers
24 / 99
LM. The total logistics cost factors need to be balanced against the:
25 / 99
LM. Road transport mode is relatively more important because of its………
26 / 99
LM. …….. is the process of planning, implementing and controlling the efficient and effective flow of materials, storage and distribution of finished goods from one point to another in order to fulfill customer requirements
27 / 99
lm. The four Ps are characterized as being………….
28 / 99
LM. The process of moving the raw materials from the place of the suppliers to the place of the producers is known as………….
29 / 99
LM. What is the first step in choosing a supply chain?
30 / 99
LM. With which customer service factor are quick response and efficient consumer response delivery systems most closely related?
31 / 99
LM. The management of an effective supply chain requires the coordination of a wide range of activities which include:
32 / 99
LM. Supply chain management impacts all of the following aspects of the marketing mix strategy except:
33 / 99
LM. A distribution channel moves goods and services from producers to consumers. It overcomes the major time, place, and ……….. gaps that separate goods and services from those who would use them. (a) possession (b) profit (c) image
34 / 99
LM The term “Logistics and “………” are used very loosely and interchangeably because both are considered as an act of procurement, movement, and storage of materials along the chain of transportation.
35 / 99
LM. Logistics is the part of a supply chain involved with the forward and reverse flow of
36 / 99
LM. Which statement best describes a supply chain.
37 / 99
LM. Modes of transportation are typically evaluated on the basis of all of the following criteria except:
38 / 99
LM. The physical characteristics of a product will often dictate the (a) forms of sales promotion to be used
39 / 99
LM. The flow of goods from production to consumption is known as…………
40 / 99
LM. What challenge do managers face when making re-location and sourcing decisions?
41 / 99
Which of the following is not a part of Supply chain Management system?
42 / 99
LM. Which of the following is not a component of 4PL?
43 / 99
LM. The width of the road is often referred to as ………
44 / 99
LM. Deciding on the number of and location for stocking facilities for storage of products is part of which of the following physical distribution decisions?
45 / 99
LM. ………. is the provision of service to customers before, during and after a purchase
46 / 99
LM. JIT stands for
47 / 99
LM. Local governments are concerned with the construction and maintenance of …….. roads
48 / 99
LM.. Reverse logistics is required because
49 / 99
LM. There are a number of key influences on the selection of distribution strategy. Which of the following is generally recognized as a key influence?
50 / 99
Which of the following statements is true
51 / 99
LM. ……….. serves as the connection between various stages of a supply chain
52 / 99
lm. Complexity in the supply chain is caused by
53 / 99
LM. ……… and physical distribution are the two major operations of logistics
54 / 99
LM. Electronic data interchange (EDI) is commonly used to
55 / 99
LM. What is one major fear of managers when they decide to outsource their logistics function?
56 / 99
LM. A reason to carry inventory would include:
57 / 99
LM. All of the following are considered to be major logistics functions except:
58 / 99
LM. Which of these is not connected with Air Transportation in Nigeria?
59 / 99
LM. Which of the following agencies is not involved in road traffic management?
60 / 99
lm. ………. are goods with high volume, low unit value and fast purchase
61 / 99
LM. The green band of the traffic lights signifies ………
62 / 99
LM. A fundamental part of the distribution function is to get the product:
63 / 99
LM. Dualization of Federal Roads in Nigeria is the responsibility of:
64 / 99
LM. ………. applies to the timely movement of materials from the sources of supply to the point of manufacture, assembly, or distribution
65 / 99
LM. 3PL stands for
66 / 99
LM. Current trend in supply chain, there has been a shift in the power structure in a chain towards
67 / 99
LM. Highways design is an essential element in transport planning and engineering.
68 / 99
lm. Ensuring the availability of the products and services as and when required by the customers is………… utility
69 / 99
LM. The mode of transportation that accounts for the largest percentage of cargo moved in Nigeria is:
70 / 99
LM. Which of the following is not a mode of transportation?
71 / 99
LM. The aim of supply chain management is to:
72 / 99
LM. SKU stands for
73 / 99
LM. Physical distribution management involves management of good and services to first and second tier customers regarding their:
74 / 99
LM.. Most producers use………..to bring their products to market.
75 / 99
LM. Eastern Nigeria to Western Nigeria Passenger’s trip are mostly carried out using ………
76 / 99
LM. Lead time and order cycle time are the same as
77 / 99
LM. A set of interdependent organizations involved in the process of making a product or service available for use or consumption by the consumer or business user is called a:
78 / 99
LM. Logistics, as currently practised, has its origin in
79 / 99
LM. In ………… process execution is initiated in response to a customer order
80 / 99
lm. Outsourcing involves
81 / 99
LM. ………. includes design and administration of systems to control the flow of materials, WIP and finished inventory to support business unit strategy
82 / 99
LM. Distribution requirement planning is a system for
83 / 99
LM ………… is the order quantity that minimizes total inventory holding costs and ordering cost.
84 / 99
LM. Pricing interacts with a supply chain in many ways. For instance, transportation rate structures are adjusted by the carrier based on:
85 / 99
LM. Today, companies have to manage relation with their………… in order to ensure timely supplies and meet customer’s requirements
86 / 99
LM. The slowest form of transportation for shipping goods is:
87 / 99
LM. A reexamination of logistics system helps firms
88 / 99
LM. All are International Airports in Nigeria except?
89 / 99
LM. VMI stands for
90 / 99
LM. An important feature of supply chain management is its application of electronic commerce technology that allows companies to share and operate systems for:
91 / 99
LM. Which of the following mode (s) of transportation may play a complementary role in decongesting road transport system in Lagos?
92 / 99
LM. Fed-EX is an example for………… company
93 / 99
LM. A warehouse that emphasizes speed and efficient product flow to hold goods for short periods of time and move them out as soon as possible:
94 / 99
LM. NURTW Stands for ………
95 / 99
LM. ITS means:
96 / 99
LM. The inventory management systems designed to reduce the retailer's lead time for receiving merchandise is called:
97 / 99
LM. Which of the following has not been used in the control of urban traffic system in Nigeria?
98 / 99
LM. In warehousing, the acronym FIFO means
99 / 99
LM. BRT is an urban transport best practice and it stand for?
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