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Test: Technology Structure - 1 - B Com MCQ


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10 Questions MCQ Test - Test: Technology Structure - 1

Test: Technology Structure - 1 for B Com 2024 is part of B Com preparation. The Test: Technology Structure - 1 questions and answers have been prepared according to the B Com exam syllabus.The Test: Technology Structure - 1 MCQs are made for B Com 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Test: Technology Structure - 1 below.
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Test: Technology Structure - 1 - Question 1
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What is one of the primary objectives of LIS (Logistics Information System)?

Detailed Solution for Test: Technology Structure - 1 - Question 1
One of the primary objectives of LIS is "Obtaining correct and prompt information." It aims to provide accurate and timely information to support decision-making in logistics management.
Test: Technology Structure - 1 - Question 2
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What does LIS stand for in the context of logistics management?

Detailed Solution for Test: Technology Structure - 1 - Question 2
LIS stands for "Logistics Information System." It is an interacting structure of people, equipment, and procedures that make relevant information available to the logistics manager. It plays a crucial role in managing logistics operations efficiently.
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Test: Technology Structure - 1 - Question 3
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Which level of an organization primarily evaluates information to ensure operations align with customer needs?

Detailed Solution for Test: Technology Structure - 1 - Question 3
The level that primarily evaluates information to ensure operations align with customer needs is the "Decision level." Managers at this level assess information to make decisions that match operations with customer requirements.
Test: Technology Structure - 1 - Question 4
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What is EDI (Electronic Data Interchange) used for in the context of logistics and information management?
Detailed Solution for Test: Technology Structure - 1 - Question 4
EDI, which stands for "Electronic Data Interchange," is used for the "Electronic transfer of business documents" between organizations. It facilitates the digital exchange of standard business documents.
Test: Technology Structure - 1 - Question 5
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What benefit does EDI offer in logistics and information management?
Detailed Solution for Test: Technology Structure - 1 - Question 5
EDI provides the benefit of "Faster speed in order processing." It enhances the speed, timeliness, and accuracy of information exchange in logistics.
Test: Technology Structure - 1 - Question 6
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What is the primary function of an Enterprise Resource Planning (ERP) system?
Detailed Solution for Test: Technology Structure - 1 - Question 6
The primary function of an Enterprise Resource Planning (ERP) system is to "Identify and plan enterprise-wide resources," including materials, financial resources, and human resources, to fulfill customer orders.
Test: Technology Structure - 1 - Question 7
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What are the three pipelines managed by logistical management, as mentioned in the text?
Detailed Solution for Test: Technology Structure - 1 - Question 7
The three pipelines managed by logistical management are "Procurement, production, and distribution." These pipelines represent key components of logistics operations.
Test: Technology Structure - 1 - Question 8
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Which of the following principles of purchase, known as the 7-R rule, emphasizes the importance of buying the right material at the right time?
Detailed Solution for Test: Technology Structure - 1 - Question 8
The principle of "Right quantity" in the 7-R rule emphasizes buying the correct quantity of material at the right time to ensure efficient logistics management.
Test: Technology Structure - 1 - Question 9
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What does IT stand for in the context of supply chain management?
Detailed Solution for Test: Technology Structure - 1 - Question 9
IT stands for "Information Technologies" in the context of supply chain management, encompassing the use of technology for managing information and processes.
Test: Technology Structure - 1 - Question 10
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How does Electronic Data Interchange (EDI) benefit supply chain management?
Detailed Solution for Test: Technology Structure - 1 - Question 10
EDI benefits supply chain management by "facilitating real-time data exchange." It enables quick and accurate information sharing between supply chain partners, improving efficiency.
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