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Logistics Management MCQ With Answers PDF
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a. Seasonal Buying
b. Hand to mouth buying
c. Scheduled Buying
d. Tender Buying
e. Speculative Buying
Answer: Hand to mouth buying
7. The objective of independent business function stage is ______
A. Core competency
B. Maximization of profitable by more expenses
C. Cost reduction
D. Maximization of profit by sales volume
Answer: Maximization of profit by sales volume.
8. _____ is not a part of basic systems of codifications.
A. Numerical System
B. Colour Coding System
C. Alphabetical System
D. None of the above
Answer: None of the above
9. Place utility is created by _____
A. Logistics function
B. Distribution function
C. Procurement function.
D. Operation function
Answer: Logistics function
10. EDI stands for _____
A. Electronic Distribution Intermediary.
B. Electronic Documentation Interchange
C. Electronic Data Interface
D. Electronic Data Interchange
Answer: Electronic Data Interchange
11. OBO stands for ______ carriers
A. Ore Bulk Oil
B. On Bulk Order
C. Over Bulk Order
D. Ore Bulk Order
Answer: Ore Bulk Oil Carriers
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18. _______ and physical distribution are the two major operations of logistics.
a. Supply Chain Management
b. Materials Management
c. Logistics Management
d. None of the above
Answer: Materials Management
19. Which of the following is not a component of 4PL?
a. Control Room (Intelligence)
b. Resource Providers
c. Information
d. Recycling
Answer: Recycling
20. Logistics management is an ______ part of the business and its success.
A. minimal
B. integral
C. unrelated
D. None of the above
Answer: integral
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