Question 1

Logistics performance is important for achieving competitive advantage for many firms.

Accepted Answer

A) True 
 B)False

Question 2

Which of the following represents the preferred hierarchy of strategy (i.e.,from the first strategy to be developed to the last to be developed) ?

Accepted Answer

A)  corporate →\rightarrow→ business unit →\rightarrow→ functional
B)  functional →\rightarrow→ business unit →\rightarrow→ corporate
C)  corporate →\rightarrow→ business unit →\rightarrow→ divisional
D)  business unit →\rightarrow→ divisional →\rightarrow→ functional E) B) and C)
F) A) and D)

Question 3

Strategy at a business unit level is primarily focused on the types of businesses in which the company should compete and the way the company should be managed.

Accepted Answer

A) True 
 B)False

Question 4

With respect to asset turnover,___________ is typically the most relevant logistics asset.

Accepted Answer

A)  warehousing
B)  inventory
C)  transportation equipment
D)  materials handling equipmentE) B) and C)
F) A) and D)

Question 5

Developing financial fluency is a critical skill for contemporary logistics managers.

Accepted Answer

A) True 
 B)False

Question 6

Marketing goals in areas such as product availability,desired customer service levels,and packaging design have limited influence on logistics decisions.

Accepted Answer

A) True 
 B)False

Question 7

The ___________ reflects the assets,liabilities,and owners' equity at a given point in time.

Accepted Answer

A)  Balanced Scorecard (BS
C)  
B)  balance sheet
C)  income statement
D)  Strategic Profit Model (SPM) E) None of the above
F) A) and D)

Question 8

Depending on industry and product type,reverse logistics costs as a percent of revenue can range between ___________ and ___________ percent.

Accepted Answer

A)  5; 10
B)  4; 8
C)  3; 6
D)  2; 4E) None of the above
F) All of the above

Question 9

In terms of the statement of cash flows,the connections between logistics activities and cash flows occur primarily in the operating and financing areas.

Accepted Answer

A) True 
 B)False

Question 10

A(n) ___________ entails the functional units of an organization providing input into the other levels of strategy formulation.

Accepted Answer

A)  supply chain
B)  differentiation strategy
C)  hierarchy of strategy
D)  enterprise resource systemE) B) and C)
F) A) and B)

Question 11

Asset turnover is calculated by dividing return on assets by total assets.

Accepted Answer

A) True 
 B)False

Question 12

Performance measurement in ___________ is used to identify design and operations options that provide benefits in terms of increased speed or reduced costs.

Accepted Answer

A)  materials handling
B)  warehousing
C)  packaging
D)  order managementE) None of the above
F) All of the above

Question 13

When developing logistics strategy,a(n) ___________ strategy refers to the management of logistics activities with a focus on costs.

Accepted Answer

A)  market
B)  process
C)  differentiation
D)  informationE) A) and D)
F) A) and B)

Question 14

A reduction in inventory would increase inventory turnover,which means an increase in that organization's return on assets (ROA).

Accepted Answer

A) True 
 B)False

Question 15

The cash-to-cash cycle looks at how long an organization's cash is tied up in receivables,payables,and inventory.

Accepted Answer

A) True 
 B)False

Exam 3: Strategic and Financial Logistics

In terms of the statement of cash flows,the connections between logistics activities and cash flows occur primarily in the operating and financing areas.

Correct Answer
verified

Developing financial fluency is a critical skill for contemporary logistics managers.

Correct Answer
verified

Performance measurement in ___________ is used to identify design and operations options that provide benefits in terms of increased speed or reduced costs.

Correct Answer
verified

When developing logistics strategy,a(n) ___________ strategy refers to the management of logistics activities with a focus on costs.

Correct Answer
verified

Marketing goals in areas such as product availability,desired customer service levels,and packaging design have limited influence on logistics decisions.

Correct Answer
verified

With respect to asset turnover,___________ is typically the most relevant logistics asset.

Correct Answer
verified

Depending on industry and product type,reverse logistics costs as a percent of revenue can range between _ and _ percent.

Correct Answer
verified

Logistics performance is important for achieving competitive advantage for many firms.

Correct Answer
verified

A reduction in inventory would increase inventory turnover,which means an increase in that organization's return on assets (ROA).

Correct Answer
verified

Which of the following represents the preferred hierarchy of strategy (i.e.,from the first strategy to be developed to the last to be developed) ?

Correct Answer
verified

The cash-to-cash cycle looks at how long an organization's cash is tied up in receivables,payables,and inventory.

Correct Answer
verified

A(n) ___________ entails the functional units of an organization providing input into the other levels of strategy formulation.

Correct Answer
verified

Strategy at a business unit level is primarily focused on the types of businesses in which the company should compete and the way the company should be managed.

Correct Answer
verified

Asset turnover is calculated by dividing return on assets by total assets.

Correct Answer
verified

The ___________ reflects the assets,liabilities,and owners' equity at a given point in time.

Correct Answer
verified

Exam 3: Strategic and Financial Logistics

In terms of the statement of cash flows,the connections between logistics activities and cash flows occur primarily in the operating and financing areas.

Correct AnswerverifiedShow Answer

Developing financial fluency is a critical skill for contemporary logistics managers.

Correct AnswerverifiedShow Answer

Performance measurement in ___________ is used to identify design and operations options that provide benefits in terms of increased speed or reduced costs.

Correct AnswerverifiedShow Answer

When developing logistics strategy,a(n) ___________ strategy refers to the management of logistics activities with a focus on costs.

Correct AnswerverifiedShow Answer

Marketing goals in areas such as product availability,desired customer service levels,and packaging design have limited influence on logistics decisions.

Correct AnswerverifiedShow Answer

With respect to asset turnover,___________ is typically the most relevant logistics asset.

Correct AnswerverifiedShow Answer

Depending on industry and product type,reverse logistics costs as a percent of revenue can range between ___________ and ___________ percent.

Correct AnswerverifiedShow Answer

Logistics performance is important for achieving competitive advantage for many firms.

Correct AnswerverifiedShow Answer

A reduction in inventory would increase inventory turnover,which means an increase in that organization's return on assets (ROA).

Correct AnswerverifiedShow Answer

Which of the following represents the preferred hierarchy of strategy (i.e.,from the first strategy to be developed to the last to be developed) ?

Correct AnswerverifiedShow Answer

The cash-to-cash cycle looks at how long an organization's cash is tied up in receivables,payables,and inventory.

Correct AnswerverifiedShow Answer

A(n) ___________ entails the functional units of an organization providing input into the other levels of strategy formulation.

Correct AnswerverifiedShow Answer

Strategy at a business unit level is primarily focused on the types of businesses in which the company should compete and the way the company should be managed.

Correct AnswerverifiedShow Answer

Asset turnover is calculated by dividing return on assets by total assets.

Correct AnswerverifiedShow Answer

The ___________ reflects the assets,liabilities,and owners' equity at a given point in time.

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Depending on industry and product type,reverse logistics costs as a percent of revenue can range between _ and _ percent.

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
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