Quiz – Logistics Management – 3023 September 3, 2021

Shareene T. Ira BSBA – OM 3

OM 8 (3023)

Type the word True if the statement is true, and False if it is otherwise. TYPE BEFORE THE NUMBER
AND UNDERLINE.

FALSE 1. Companies cannot do away with resellers as they can’t sell directly to customers.

FALSE 2. The material or product flow from suppliers to the company is outbound logistics.

FALSE 3. The customers provide no value to the supply chain as they are the beneficiaries of chain.

TRUE 4. Efficiency is doing more with less.

TRUE 5. Goals should be S.M.A.R.T. The letter T stands for time-bound.

TRUE 6. The core competence of the company should not be outsourced.

FALSE 7. The only way to increase profit is by decreasing cost of sales.

FALSE 8. Establishing goals is done during the controlling process.

TRUE 9. You need to have performance measures to know whether you are improving or not.

FALSE 10. Product cost per unit decreases when production volume increases.

Identification: (TYPE YOUR ANSWER BEFORE THE NUMBER AND UNDERLINE)

MOTIVATION 11. What is the best way to make people act?

OUTPUT/INPUT 12. What is the formula for efficiency?

POINT AND CLICK 13. If physical stores are referred to as brick and mortar, how are on-line stores
called?

MACHINE 14. The four Ms that are needed by businesses are Man, Materials, Methods, and ________.

EFFECTIVE 15. When the company achieves its objectives, what kind of a company is it?