All Courses
Get the App Signup / Login
Sign in Open App
B Com Exam  >  B Com Tests  >  Logistics Management  >  Test: Introduction to Logistics Management - 1 - B Com MCQ

Test: Introduction to Logistics Management - 1 - B Com MCQ


Test Description

10 Questions MCQ Test Logistics Management - Test: Introduction to Logistics Management - 1

Test: Introduction to Logistics Management - 1 for B Com 2024 is part of Logistics Management preparation. The Test: Introduction to Logistics Management - 1 questions and answers have been prepared according to the B Com exam syllabus.The Test: Introduction to Logistics Management - 1 MCQs are made for B Com 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Test: Introduction to Logistics Management - 1 below.
Solutions of Test: Introduction to Logistics Management - 1 questions in English are available as part of our Logistics Management for B Com & Test: Introduction to Logistics Management - 1 solutions in Hindi for Logistics Management course. Download more important topics, notes, lectures and mock test series for B Com Exam by signing up for free. Attempt Test: Introduction to Logistics Management - 1 | 10 questions in 10 minutes | Mock test for B Com preparation | Free important questions MCQ to study Logistics Management for B Com Exam | Download free PDF with solutions
Test: Introduction to Logistics Management - 1 - Question 1
Save

What is the primary goal of logistics management?

Detailed Solution for Test: Introduction to Logistics Management - 1 - Question 1
The primary goal of logistics management is to achieve desired levels of service and quality at the lowest possible cost. This involves efficiently planning, implementing, and controlling the flow of materials and information to meet customer requirements while minimizing costs.
Test: Introduction to Logistics Management - 1 - Question 2
Save

What does the term "4PL" stand for in logistics?

Detailed Solution for Test: Introduction to Logistics Management - 1 - Question 2
The term "4PL" stands for "Fourth-Party Logistics." It represents a complete outsourcing of manufacturing and logistics functions, including the selection of third-party service providers. 4PL providers coordinate and manage various logistics activities on behalf of the organization.
1 Crore+ students have signed up on EduRev. Have you? Download the App
Test: Introduction to Logistics Management - 1 - Question 3
Save

Which logistics function is concerned with the distribution of material, warehouses, and transport arrangements?

Detailed Solution for Test: Introduction to Logistics Management - 1 - Question 3
The logistics function concerned with the distribution of material, warehouses, and transport arrangements is "Distribution Resource Planning (DRP)." DRP focuses on managing outbound logistics activities and optimizing the distribution of goods to various locations.
Test: Introduction to Logistics Management - 1 - Question 4
Save
What is the term for the process of moving goods from their place of use back to their place of manufacture for re-processing or recycling?
Detailed Solution for Test: Introduction to Logistics Management - 1 - Question 4
The term for the process of moving goods from their place of use back to their place of manufacture for re-processing, recycling, or disposal is known as "Reverse logistics." It involves managing the return, reuse, and disposal of products.
Test: Introduction to Logistics Management - 1 - Question 5
Save
What is the key method of reducing system-wide inventory costs by keeping inventory in motion?
Detailed Solution for Test: Introduction to Logistics Management - 1 - Question 5
The key method of reducing system-wide inventory costs by keeping inventory in motion is "Cross-docking." Cross-docking involves the process of packing products for immediate sorting and shipment without storing them in inventory, thereby reducing holding costs and improving efficiency.
Test: Introduction to Logistics Management - 1 - Question 6
Save
What does "Risk Pooling" refer to in logistics?
Detailed Solution for Test: Introduction to Logistics Management - 1 - Question 6
"Risk Pooling" in logistics refers to the pooling of inventory risk by holding common inventory components associated with a broad family of products. It involves sharing inventory resources to reduce storage costs and minimize the risk of stockouts for products with variable demand patterns.
Test: Introduction to Logistics Management - 1 - Question 7
Save
Which logistics function involves activities related to receiving, storing, and shipping materials to and from production or distribution locations?
Detailed Solution for Test: Introduction to Logistics Management - 1 - Question 7
The logistics function that involves activities related to receiving, storing, and shipping materials to and from production or distribution locations is "Warehousing." Warehousing plays a crucial role in managing inventory and facilitating the movement of goods within the supply chain.
Test: Introduction to Logistics Management - 1 - Question 8
Save
Which logistics function is concerned with managing product recalls, returns for repair, and recycling or disposal of products?
Detailed Solution for Test: Introduction to Logistics Management - 1 - Question 8
The logistics function concerned with managing product recalls, returns for repair, and recycling or disposal of products is "Reverse Logistics." It involves handling the reverse journey of goods from customers to suppliers and ensuring proper disposition of returned products.
Test: Introduction to Logistics Management - 1 - Question 9
Save
What is the primary role of logistics management in a supply chain?
Detailed Solution for Test: Introduction to Logistics Management - 1 - Question 9
The primary role of logistics management in a supply chain is "to achieve customer requirements at the lowest possible cost." Logistics aims to efficiently plan, implement, and control the flow of materials and information to meet customer demands while minimizing overall costs.
Test: Introduction to Logistics Management - 1 - Question 10
Save
What is the primary goal of integrating the supply chain in logistics management?
Detailed Solution for Test: Introduction to Logistics Management - 1 - Question 10
The primary goal of integrating the supply chain in logistics management is to "coordinate functions and create maximum value for the customer." Integration involves aligning various functions and partners within the supply chain to improve efficiency, reduce costs, and enhance customer satisfaction.
34 videos|29 docs|10 tests
Join Course
Information about Test: Introduction to Logistics Management - 1 Page
In this test you can find the Exam questions for Test: Introduction to Logistics Management - 1 solved & explained in the simplest way possible. Besides giving Questions and answers for Test: Introduction to Logistics Management - 1, EduRev gives you an ample number of Online tests for practice
34 videos|29 docs|10 tests
Join Course
Download as PDF

Important Questions for Introduction to Logistics Management - 1

Find all the important questions for Introduction to Logistics Management - 1 at EduRev.Get fully prepared for Introduction to Logistics Management - 1 with EduRev's comprehensive question bank and test resources. Our platform offers a diverse range of question papers covering various topics within the Introduction to Logistics Management - 1 syllabus. Whether you need to review specific subjects or assess your overall readiness, EduRev has you covered. The questions are designed to challenge you and help you gain confidence in tackling the actual exam. Maximize your chances of success by utilizing EduRev's extensive collection of Introduction to Logistics Management - 1 resources.

Introduction to Logistics Management - 1 MCQs with Answers

Prepare for the Introduction to Logistics Management - 1 within the B Com exam with comprehensive MCQs and answers at EduRev. Our platform offers a wide range of practice papers, question papers, and mock tests to familiarize you with the exam pattern and syllabus. Access the best books, study materials, and notes curated by toppers to enhance your preparation. Stay updated with the exam date and receive expert preparation tips and paper analysis. Visit EduRev's official website today and access a wealth of videos and coaching resources to excel in your exam.

Online Tests for Introduction to Logistics Management - 1 Logistics Management

Practice with a wide array of question papers that follow the exam pattern and syllabus. Our platform offers a user-friendly interface, allowing you to track your progress and identify areas for improvement. Access detailed solutions and explanations for each test to enhance your understanding of concepts. With EduRev's Online Tests, you can build confidence, boost your performance, and ace Introduction to Logistics Management - 1 with ease. Join thousands of successful students who have benefited from our trusted online resources.
© EduRev
Education Revolution
Follow Us
Signup to see your scores go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup