0134737466 ch03 tb this material will help you review your knowledge related to contemporary logistic

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0134737466 CH03 TB - This material will help you review

your knowledge related to contemporary logistic.

International business (Trường Đại học Kinh tế Thành phố Hồ Chí Minh)

0134737466 CH03 TB - This material will help you review

your knowledge related to contemporary logistic.

International business (Trường Đại học Kinh tế Thành phố Hồ Chí Minh)

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TEST BANK

CHAPTER 3: STRATEGIC AND FINANCIAL LOGISTICS

Multiple Choice Questions (correct answers are bolded)

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

a 5; 10

b 4; 8

c 3; 6

d 2; 4

[LO: material at beginning of the chapter; Moderate; Application; AACSB Category 3:

Analytical thinking]

2 Which of the following is not a level at which strategy can be formulated?

a corporate

b business unit

c functional

d individual location

[LO 3.1: To understand how logistics decisions can influence an organization’s strategic

financial outcomes; Moderate; Synthesis; AACSB Category 3: Analytical thinking]

3 _ strategy is focused on determining the goals for the company, the types of businesses in which the company should compete, and the way the company will be managed

a Functional level

b Business unit level

c Divisional level

d Corporate level

financial outcomes; Easy; Concept; AACSB Category 3: Analytical thinking]

4 Strategy at a _ level is primarily focused on the products and services provided to customers and on finding ways to develop and maintain a sustainable competitive advantage with these customers

a functional

b business unit

c divisional

d corporate

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5 Which of the following is not one of the generic strategies that can be pursued by an

organization, as identified by strategist Michael Porter?

a value enhancement

b differentiation

c cost leadership

d focus

6 A _ strategy entails an organization developing a product and/or service that offers unique attributes that are valued by customers and that the customer perceives to be distinct from competitor offerings

a focus

b differentiation

c value enhancement

d market orientation

7 Which generic strategy concentrates an organization’s effort on a narrowly defined market to achieve either a cost leadership or differentiation strategy?

a hybrid

b market orientation

c tailored

d focus

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

a supply chain

b differentiation strategy

c hierarchy of strategy

d enterprise resource system

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financial outcomes; Moderate; Concept; AACSB Category 3: Analytical thinking]

9 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)?

a corporate business unitfunctional

b functionalbusiness unitcorporate

c corporatebusiness unitdivisional

d business unitdivisionalfunctional

financial outcomes; Difficult; Synthesis; AACSB Category 3: Analytical thinking]

10 _ strategy decisions involve issues such as the number and location of

warehouses and the selection of appropriate transportation modes

a Marketing

b Production

c Finance

d Logistics

financial outcomes; Moderate; Application; AACSB Category 3: Analytical thinking]

11 Which of the following is not a potential type of logistics strategy decision?

a investments in technology that support logistics activities

b selection of appropriate transportation modes

c deployment of inventory

d product availability

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

a market

b process

c differentiation

d information

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13 A(n) _ strategy refers to management of logistical activities with a goal of achieving coordination and collaboration through the channel

a market

b process

c differentiation

d information

14 A(n) _ strategy allows retail customers to order products anywhere, any time, and on any device, while also allowing them to take delivery when and where they want

a value co-creation

b omnichannel

c hybrid logistics

d information-centric

15 The _ shows revenues, expenses, and profit for a period of time

a balance sheet

b current ratio

c income statement

d statement of cash flows

[LO 3.2: To review basic financial terminology used by logistics managers; Easy; Concept; AACSB Category 3: Analytical thinking]

16 In general, the _ measures the profitability of the products and/or services provided by a company

a balance sheet

b Strategic Profit Model (SPM)

c Balanced Scorecard (BSC)

d income statement

[LO 3.2: To review basic financial terminology used by logistics managers; East; Application; AACSB Category 3: Analytical thinking]

17 The _ reflects the assets, liabilities, and owners’ equity at a given point in time

a Balanced Scorecard (BSC)

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b balance sheet

c income statement

d Strategic Profit Model (SPM)

18 The balance sheet reflects the assets, liabilities, and _ at a given point in time

a costs of goods sold

b net income

c owners’ equity

d asset turnover

19 Which of the following does not appear on the balance sheet?

a assets

b owners’ equity

c liabilities

d net income

[LO 3.2: To review basic financial terminology used by logistics managers; Moderate;

Synthesis; AACSB Category 3: Analytical thinking]

20 Which of the following does not affect cash flows within an organization?

a revenue growth

b asset utilization

c inventory

d accounts receivable

[LO 3.2: To review basic financial terminology used by logistics managers; Moderate;

Synthesis; AACSB Category 3: Analytical thinking]

21 The _ Act has implications for logistics managers in terms of internal controls, off balance sheet obligations, and timely reporting of material events

a Glass-Steagall

b Financial Managers

c Sarbanes-Oxley

d Regulatory Accountability

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[LO 3.3: To explain organizational financial reporting requirements affected by logistics

activities; Moderate; Application; AACSB Category 3: Analytical thinking]

22 The current ratio is calculated by dividing _ by _

a total current assets; total current liabilities

b total current liabilities; total current assets

c total assets; total liabilities

d total liabilities; total assets

[LO 3.4: To employ the strategic profit model to highlight the financial impact of logistics activities; Moderate; Application; AACSB Category 3: Analytical thinking]

23 Which of the following is a common measure of organizational financial success?

a Net profit margin

b Income statement

c Current ratio

d Return on Investment (ROI)

[LO 3.4: To employ the strategic profit model to highlight the financial impact of logistics activities; Moderate; Synthesis; AACSB Category 3: Analytical thinking]

24 What provides the framework for conducting return on assets (ROA) analysis by

incorporating revenues and expenses to generate net profit margin, as well as inclusion of assets

to measure asset turnover?

a Balanced Scorecard (BSC)

b Strategic Profit Model (SPM)

c Balance Sheet

d Supply Chain Operations Reference Model

[LO 3.4: To employ the strategic profit model to highlight the financial impact of logistics activities; Moderate; Concept; AACSB Category 3: Analytical thinking]

25 Return on assets (ROA) equals:

a current assets divided by total assets

b return on investment divided by return on net worth

c net profit margin times asset turnover.

d total assets divided by costs of goods sold

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26 Suppose that a logistics manager is able to eliminate some unnecessary inventory, which reduces the value of current assets as well as total asset value What is the corresponding impact

on inventory turnover and return on assets (ROA)?

a Both inventory turnover and ROA increase.

b Inventory turnover increases and ROA decreases

c Inventory turnover decreases and ROA increases

d Both inventory turnover and ROA decrease

[LO 3.4: To employ the strategic profit model to highlight the financial impact of logistics activities; Difficult; Synthesis; AACSB Category 3: Analytical thinking]

27 What is the formula for net profit margin?

a Gross Profit minus Interest Expenses

b Sales divided by Costs of Goods Sold

c Total Sales divided by Total Assets

d Net Profit divided by Sales

28 With respect to net profit margin, the most relevant categories for logistics managers to consider are:

a sales, costs of goods sold, and asset turnover

b accounts receivable, costs of goods sold, and total expenses

c sales, costs of goods sold, and total expenses.

d inventory, accounts receivable, and total expenses

29 What is the formula for asset turnover?

a total sales divided by total assets

b net profit divided by total assets

c return on assets divided by total assets

d return on investment divided by return on net worth

30 With respect to asset turnover, _ is typically the most relevant logistics asset

a warehousing

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b inventory

c transportation equipment

d materials handling equipment

31 The Balanced Scorecard (BSC) approach is based on the belief that management should evaluate their business from _ distinct perspectives

a two

b three

c four

d five

[LO 3.5: To consider the value of utilizing the Balanced Scorecard approach for examining the performance of a logistics system; Moderate; Concept; AACSB Category 3: Analytical thinking]

32 The _ is based on the belief that management should evaluate their business from four different perspectives

a Balanced Scorecard (BSC)

b Strategic Profit Model (SPM)

c Boston Consulting Group Matrix

d Gross Margin Return on Inventory

[LO 3.5: To consider the value of utilizing the Balanced Scorecard approach for examining the performance of a logistics system; Moderate; Concept; AACSB Category 3: Analytical thinking]

33 Logistics measurement systems have been traditionally designed to include information on how many types of performance?

a two

b three

c four

d five

[LO 3.6: To compare some of the common performance measures for logistics activities;

Moderate; Synthesis; AACSB Category 3: Analytical thinking]

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

a materials handling

b warehousing

c packaging

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d order management

Moderate; Application; AACSB Category 3: Analytical thinking]

35 _ looks at how long an organization’s cash is tied up in receivables, payables, and inventory

a Cash-to-cash cycle

b Cash flow

c Gross margin return on investment (GMROI)

d Current ratio

Moderate; Concept; AACSB Category 3: Analytical thinking]

True-False Questions

1 Depending on the industry and product type, reverse logistics costs as a percentage of revenues can range between 2 and 4 percent (False)

2 Developing financial fluency is a critical skill for contemporary logistics managers (True)

3 Logistics performance is important for achieving competitive advantage for many firms (True)

financial outcomes; Easy; Application; AACSB Category 3: Analytical thinking]

4 Strategy can be formulated at a corporate level, a business unit level, and a functional level (True)

5 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 (False)

Tiêu đề	This Material Will Help You Review Your Knowledge Related To Contemporary Logistic
Người hướng dẫn	LAM HA GIA
Trường học	Trường Đại học Kinh tế Thành phố Hồ Chí Minh
Chuyên ngành	International Business
Thể loại	Test Bank
Năm xuất bản	2018
Thành phố	Hồ Chí Minh

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