/99 0 votes, 0 avg 18 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. In warehousing, the acronym FIFO means (a) forklifts in forklifts out (b) first in first out (C) file in file out 2 / 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 3 / 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 4 / 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 5 / 99 LM ………… is the order quantity that minimizes total inventory holding costs and ordering cost. (a) EOQ (b) ERP (c) EPM 6 / 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 7 / 99 LM. Electronic data interchange (EDI) is commonly used to (a) make purchase orders (b) facilitate electronic payments (c) support letter of credit systems 8 / 99 LM. The most expensive form of transportation with respect to shipping goods is: (a) rail (b) water (c) air 9 / 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 10 / 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 11 / 99 LM. ……… and physical distribution are the two major operations of logistics (a) Supply Chain Management (b) Materials Management (c) Logistics Management 12 / 99 LM. ITS means: (a) Intelligent Transportation Systems (b) International Transportation Strategy (c) International Traffic System 13 / 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 14 / 99 LM. Which of the following types of infrastructure support logistics and supply chain development (A) Legal systems (B) Utility services (C) Transportation networks 15 / 99 LM. Local governments are concerned with the construction and maintenance of …….. roads (a) Trunk C (b) Trunk D (c) Trunk B 16 / 99 LM. Which of the following is not a component of 4PL? (a) Control Room (Intelligence) (b) Resource Providers (c) Recycling 17 / 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 18 / 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 19 / 99 LM. Which of the following is not a major transportation problem in world urban centres? (a) Traffic congestion (b) Pollution (C) Routing 20 / 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 21 / 99 LM. The slowest form of transportation for shipping goods is: (a) rail (b) water (c) air 22 / 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. 23 / 99 LM. Moving broken, unwanted, or excess products returned by consumers or resellers is called ………… distribution. (a) outbound (b) inbound (c) reverse 24 / 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 25 / 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 26 / 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 27 / 99 LM. The flow of goods from production to consumption is known as………… (a) Inbound logistics (b) Outbound logistics (c) Process logistics 28 / 99 LM. Which of these is not connected with Air Transportation in Nigeria? (a) NIWA (b) FAAN (c) NCAA 29 / 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 30 / 99 LM. All are International Airports in Nigeria except? (a) Port Harcourt (b) Kano (C) Akure 31 / 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 32 / 99 LM. VMI stands for (a) Vendor material inventory (b) Vendor managed inventory (c) Variable material inventory 33 / 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 34 / 99 lm. ………… segmentation classifies consumers on the basis of age, sex, income, and occupation (a) Psychological (b) Geographic (c) Demographic 35 / 99 Which of the following is not a part of Supply chain Management system? (a) Supplier (b) Manufacturer (c) Competitor 36 / 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 37 / 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 38 / 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 39 / 99 Zebra crossing is a sign in which mode of transportation? (a) Road (b) Rail (c) Water 40 / 99 LM. The cheapest means of transportation is ……… (a) Air (b) Rail (C) Water 41 / 99 LM. Lead time and order cycle time are the same as (a) customer service time (b) supply chain flow (c) replenishment time 42 / 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 43 / 99 LM. Eastern Nigeria to Western Nigeria Passenger’s trip are mostly carried out using ……… (a) Rail (b) Pipeline (c) Road 44 / 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 45 / 99 LM. A reexamination of logistics system helps firms (a) Reduce inventory costs (b) Reduce transportation cost and delivery time (C) a and b 46 / 99 LM. ……….. is the best option for time sensitive cargo (a) Airfreight (b) Maritime Transport (c) Road transport 47 / 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 48 / 99 LM. Which of the following is not included in the function of physical supply? (a) Standardization (b) Storage (c) Packaging 49 / 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 50 / 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 51 / 99 LM. Which of the following modes of transportation has been widely used for inter-continental trips? (a) Air (b) Water (c) Road 52 / 99 LM. The green band of the traffic lights signifies ……… (a) Stop (b) Get ready (c) Move 53 / 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 54 / 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 55 / 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 56 / 99 LM. The word Logistics is derived from ……….. word (a) Greek (b) Latin (c) Spanish 57 / 99 LM. Fed-EX is an example for………… company (a) 3rd Party logistics (b) Marine cargo (c) Marketing ( 58 / 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 59 / 99 LM. Which of the following is not a mode of transportation? ? (a) Air (b) Rail (C) Ports 60 / 99 LM. Distribution requirement planning is a system for (a) Inventory management (b) Distribution planning (c) Both ‘a’ and ‘b’ 61 / 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 62 / 99 LM. Highways design is an essential element in transport planning and engineering. (a) False (b) Almost true (c) True 63 / 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 64 / 99 LM. ……….. serves as the connection between various stages of a supply chain (a) Technology (b) Information (c) Production 65 / 99 LM. JIT stands for (a) Just in time (b) Joint International trade (c) Joint Investigation team 66 / 99 LM. Modes of transportation are typically evaluated on the basis of all of the following criteria except: (a) accessibility (b) perishability (c) frequency 67 / 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 68 / 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 69 / 99 LM. LAMATA and LASTMA are two transport management and traffic management agencies respectively in ……… (a) Ogun (b) Oyo (c) Lagos 70 / 99 LM. Road transport mode is relatively more important because of its……… (a) Income generation (b) Safe nature (C) Door-to-door services provision 71 / 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 72 / 99 LM. ………. is the provision of service to customers before, during and after a purchase (a) Customer Service (b) Product Management (c) Purchase management 73 / 99 LM.. Most producers use………..to bring their products to market. (a) detailers (b) intermediaries (c) expediters (d) customs 74 / 99 LM.. Reverse logistics is required because (a) Goods are defective (b) Goods are unsold (c) All of the above 75 / 99 LM. Which of the following agencies is not involved in road traffic management? (a) LASTMA (b) FRSC (c) FAAN 76 / 99 LM. Logistics, as currently practised, has its origin in (a) biblical times (b) World War I (c) World War II 77 / 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 78 / 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 79 / 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 80 / 99 LM. The mode of transportation that accounts for the largest percentage of cargo moved in Nigeria is: (a) rail (b) truck (c) water 81 / 99 lm. ………. are goods with high volume, low unit value and fast purchase (a) soft goods (b) FMCG (c) consumer durables 82 / 99 LM. Transporting and storing goods is part of which of the following marketing channel functions? (a) negotiation (b) physical distribution (c) contact 83 / 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 84 / 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 85 / 99 LM. 3PL stands for (a) Three points logistics (b) Third party logistics (c) Three points location 86 / 99 LM. SKU stands for (a) Stock keeping unit (b) Store keeping unit (c) Strong key unit 87 / 99 LM. In ………… process execution is initiated in response to a customer order (a) PULL (b) PUSH (c) Forward 88 / 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 89 / 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 90 / 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 91 / 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 92 / 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 93 / 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 94 / 99 LM. The width of the road is often referred to as ……… (a) Right of ownership (b) Right of way (c) Right of driving 95 / 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 96 / 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 97 / 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 98 / 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 99 / 99 LM. DRP stands for (a) distribution requirement planning (b) dividend requirement planning ( (c) distribution resource planning 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. In warehousing, the acronym FIFO means
2 / 99
LM. A reason to carry inventory would include:
3 / 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:
4 / 99
LM. The total logistics cost factors need to be balanced against the:
5 / 99
LM ………… is the order quantity that minimizes total inventory holding costs and ordering cost.
6 / 99
LM. ………. is the time that elapses between issuing replenishment order and receiving the material in stores.
7 / 99
LM. Electronic data interchange (EDI) is commonly used to
8 / 99
LM. The most expensive form of transportation with respect to shipping goods is:
9 / 99
LM. The aim of supply chain management is to:
10 / 99
LM. ………. applies to the timely movement of materials from the sources of supply to the point of manufacture, assembly, or distribution
11 / 99
LM. ……… and physical distribution are the two major operations of logistics
12 / 99
LM. ITS means:
13 / 99
LM. The total logistics cost includes expenses associated with transportation, materials handling and:
14 / 99
LM. Which of the following types of infrastructure support logistics and supply chain development
15 / 99
LM. Local governments are concerned with the construction and maintenance of …….. roads
16 / 99
LM. Which of the following is not a component of 4PL?
17 / 99
LM. Which of the following may not be a statutory role of the Federal Road Safety Commission?
18 / 99
lm. Complexity in the supply chain is caused by
19 / 99
LM. Which of the following is not a major transportation problem in world urban centres?
20 / 99
LM. Dualization of Federal Roads in Nigeria is the responsibility of:
21 / 99
LM. The slowest form of transportation for shipping goods is:
22 / 99
LM. The management of an effective supply chain requires the coordination of a wide range of activities which include:
23 / 99
LM. Moving broken, unwanted, or excess products returned by consumers or resellers is called ………… distribution.
24 / 99
LM. What is the first step in choosing a supply chain?
25 / 99
LM. Which of the following mode (s) of transportation may play a complementary role in decongesting road transport system in Lagos?
26 / 99
LM. Today, companies have to manage relation with their………… in order to ensure timely supplies and meet customer’s requirements
27 / 99
LM. The flow of goods from production to consumption is known as…………
28 / 99
LM. Which of these is not connected with Air Transportation in Nigeria?
29 / 99
Which of the following statements is true
30 / 99
LM. All are International Airports in Nigeria except?
31 / 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?
32 / 99
LM. VMI stands for
33 / 99
LM. Logistics is the part of a supply chain involved with the forward and reverse flow of
34 / 99
lm. ………… segmentation classifies consumers on the basis of age, sex, income, and occupation
35 / 99
Which of the following is not a part of Supply chain Management system?
36 / 99
LM. The lead-time gap is best described as:
37 / 99
LM. With which customer service factor are quick response and efficient consumer response delivery systems most closely related?
38 / 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:
39 / 99
Zebra crossing is a sign in which mode of transportation?
40 / 99
LM. The cheapest means of transportation is ………
41 / 99
LM. Lead time and order cycle time are the same as
42 / 99
lm. Ensuring the availability of the products and services as and when required by the customers is………… utility
43 / 99
LM. Eastern Nigeria to Western Nigeria Passenger’s trip are mostly carried out using ………
44 / 99
LM. The process of moving the raw materials from the place of the suppliers to the place of the producers is known as………….
45 / 99
LM. A reexamination of logistics system helps firms
46 / 99
LM. ……….. is the best option for time sensitive cargo
47 / 99
LM. Pricing interacts with a supply chain in many ways. For instance, transportation rate structures are adjusted by the carrier based on:
48 / 99
LM. Which of the following is not included in the function of physical supply?
49 / 99
LM. All of the following are considered to be major logistics functions except:
50 / 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
51 / 99
LM. Which of the following modes of transportation has been widely used for inter-continental trips?
52 / 99
LM. The green band of the traffic lights signifies ………
53 / 99
LM. Which of the following has not been used in the control of urban traffic system in Nigeria?
54 / 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:
55 / 99
lm. Outsourcing involves
56 / 99
LM. The word Logistics is derived from ……….. word
57 / 99
LM. Fed-EX is an example for………… company
58 / 99
LM. What is one major fear of managers when they decide to outsource their logistics function?
59 / 99
LM. Which of the following is not a mode of transportation?
60 / 99
LM. Distribution requirement planning is a system for
61 / 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
62 / 99
LM. Highways design is an essential element in transport planning and engineering.
63 / 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.
64 / 99
LM. ……….. serves as the connection between various stages of a supply chain
65 / 99
LM. JIT stands for
66 / 99
LM. Modes of transportation are typically evaluated on the basis of all of the following criteria except:
67 / 99
LM. What types of costs need to be considered in making global sourcing decisions?
68 / 99
LM. Current trend in supply chain, there has been a shift in the power structure in a chain towards
69 / 99
LM. LAMATA and LASTMA are two transport management and traffic management agencies respectively in ………
70 / 99
LM. Road transport mode is relatively more important because of its………
71 / 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
72 / 99
LM. ………. is the provision of service to customers before, during and after a purchase
73 / 99
LM.. Most producers use………..to bring their products to market.
74 / 99
LM.. Reverse logistics is required because
75 / 99
LM. Which of the following agencies is not involved in road traffic management?
76 / 99
LM. Logistics, as currently practised, has its origin in
77 / 99
LM. ………. includes design and administration of systems to control the flow of materials, WIP and finished inventory to support business unit strategy
78 / 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
79 / 99
LM. Toyota supply chain is characterized by
80 / 99
LM. The mode of transportation that accounts for the largest percentage of cargo moved in Nigeria is:
81 / 99
lm. ………. are goods with high volume, low unit value and fast purchase
82 / 99
LM. Transporting and storing goods is part of which of the following marketing channel functions?
83 / 99
LM. Combining different transportation modes in order to get the best features of each is called:
84 / 99
lm. The four Ps are characterized as being………….
85 / 99
LM. 3PL stands for
86 / 99
LM. SKU stands for
87 / 99
LM. In ………… process execution is initiated in response to a customer order
88 / 99
LM. Supply chain management impacts all of the following aspects of the marketing mix strategy except:
89 / 99
LM. Physical distribution management involves management of good and services to first and second tier customers regarding their:
90 / 99
LM. What challenge do managers face when making re-location and sourcing decisions?
91 / 99
LM. A fundamental part of the distribution function is to get the product:
92 / 99
LM. The physical characteristics of a product will often dictate the (a) forms of sales promotion to be used
93 / 99
LM. Which statement best describes a supply chain.
94 / 99
LM. The width of the road is often referred to as ………
95 / 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?
96 / 99
LM. BRT is an urban transport best practice and it stand for?
97 / 99
LM. NURTW Stands for ………
98 / 99
LM. The inventory management systems designed to reduce the retailer's lead time for receiving merchandise is called:
99 / 99
LM. DRP stands for
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