现代物流-英文版测试题-第一章物流概述.docxVIP

TEST BANK CHAPTER 1: AN OVERVIEW OF LOGISTICS Multiple Choice Questions (correct answers are bolded) Logistics clearly contributes to and utility. time; place form; time place; form possession; time [LO 1.1: To discuss the economic impacts of logistics; Moderate; Application; AACSB Category Analytical thinking] utility refers to the value or usefulness that comes from a customer being able to take possession of a product. Time Place Form Possession [LO 1.1: To discuss the economic impacts of logistics; Easy; Concept; AACSB Category 3: Analytical thinking] utility refers to having products available where they are needed by customers. Possession Time Place Form [LO 1.1: To discuss the economic impacts of logistics; Easy; Concept; AACSB Category 3: Analytical thinking] All of the following are types of economic utility except: time. production. place. possession. True-False Questions Absolute and relative logistics costs in relation to gross domestic product (GDP) vary from country to country. (True) [LO 1.1: To discuss the economic impacts of logistics; Easy; Application; AACSB Category 3: Analytical thinking] The four general types of economic utility are production, possession, time, and place. (False) [LO 1.1: To discuss the economic impacts of logistics; Easy; Concept; AACSB Category 3: Analytical thinking] Logistics clearly contributes to time and form utility. (False) [LO 1.1: To discuss the economic impacts of logistics; Easy; Application; AACSB Category 3: Analytical thinking] The current definition of logistics, as promulgated by the Council of Supply Chain Management Professionals (CSCMP), suggests that logistics is part of supply chain management. (True) [LO 1.2: To define what logistics is; Easy; application; AASCB Category Analytical thinking] Logistics is only concerned with forward flows-that is, those directed toward the point of consumption. (False) [LO 1.2: Define what logistics is; Easy; Application; AASCB Category 3: Analytical thinking] The purpo