21
Wed, Nov
0 New Articles

Contemporary Logistics, 11th Edition, 2015, Paul R. Murphy - Quiz 03

MBA Logistics and SCM

LOGISTICS, GLOBAL LOGISTICS, SUPPLY CHAIN MANAGEMENT 2016

Test Bank, Discussion, Case study guides and Online Resources (2016)

Logistis, Global Logistics, International Logistics, Supply Chain Management

 

 

 

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.

 

  1. 5; 10
  2. 4; 8
  3. 3; 6
  4. 2; 4

 

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

 

  1. corporate
  2. business unit
  3. functional
  4. all of the above are levels at which strategy can be formulated

 

  1. ____ 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.

 

  1. functional-level
  2. business unit-level
  3. divisional-level
  4. corporate-level

 

  1. 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.

 

  1. functional
  2. business unit
  3. divisional
  4. corporate

 

  1. Which of the following is not one of the generic strategies that can be pursued by an organization, as identified by strategist Michael Porter?

 

    1. value enhancement

 

  1. differentiation
  2. cost leadership
  3. focus
  4. all of the above are generic strategies

 

  1. 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.

 

  1. focus
  2. differentiation
  3. value enhancement
  4. market orientation

 

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

 

  1. hybrid
  2. market orientation
  3. tailored
  4. focus

 

  1. A(n) ____ entails the functional units of an organization providing input into the other levels of strategy formulation.

 

  1. supply chain
  2. interfunctional cooperation
  3. hierarchy of strategy
  4. enterprise resource system

 

  1. 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)?

 

  1. corporateàbusiness unitàfunctional
  2. functionalàbusiness unitàcorporate
  3. corporateàbusiness unitàdivisional
  4. business unitàdivisionalàfunctional

 

  1. ____ strategy decisions involve issues such as the number and location of warehouses and the selection of appropriate transportation modes.

 

  1. marketing
  2. production
  3. finance
  4. logistics

 

 

 

  1. Which of the following is not a potential type of logistics strategy decisions?

 

  1. investments in technology that support logistics activities
  2. selecting appropriate transportation modes
  3. deployment of inventory
  4. number and location of warehouses
  5. all of the above are potential logistics strategy decisions

 

  1. When developing logistics strategy, a ____ strategy refers to the management of logistics activities with a focus on costs.

 

  1. market
  2. process
  3. command and control
  4. information

 

  1. The ____ shows revenues, expenses, and profit for a period of time.

 

  1. balance sheet
  2. current ratio
  3. income statement
  4. annual report

 

  1. In general, the ____ measures the profitability of the products and/or services provided by a company.

 

  1. balance sheet
  2. strategic profit model
  3. balanced scorecard
  4. income statement

 

  1. The ____ reflects the assets, liabilities, and owners’ equity at a given point in time.

 

  1. balanced scorecard
  2. balance sheet
  3. income statement
  4. annual report

 

  1. The balance sheet reflects the assets, liabilities, and____ at a given point in time.

 

  1. costs of goods sold
  2. net income
  3. owners’ equity
  4. asset turnover

 

 

  1. Which of the following does not appear on the balance sheet?

 

  1. assets
  2. owners’ equity
  3. liabilities
  4. net income
  5. all of the above appear on the balance sheet

 

  1. The current ratio is calculated by dividing ____ by ____.

 

  1. total current assets; total current liabilities
  2. total current liabilities; total current assets
  3. total assets; total liabilities
  4. total liabilities; total assets

 

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

 

  1. quick ratio
  2. the income statement
  3. current ratio
  4. return on investment

 

  1. What provides the framework for conducting return on assets analysis by incorporating revenues and expenses to generate net profit margin, as well as inclusion of assets to measure asset turnover?

 

  1. the Balanced Scorecard
  2. the Strategic Profit Model
  3. microfinancing
  4. Supply Chain Operations Reference Model

 

  1. Return on assets equals:

 

  1. current assets divided by total assets
  2. return on investment divided by return on net worth
  3. net profit margin times asset turnover
  4. total assets divided by costs of goods sold

 

  1. 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?

 

  1. both inventory turnover and return on assets will increase
  2. inventory turnover increases, while return on assets decreases
  3. inventory turnover decreases, while return on assets increases
  4. both inventory turnover and return on assets will decrease

 

  1. Which of the following is false?

 

  1. the Strategic Profit Model (SPM) can assist the logistics manager in the evaluation of cash flows and asset utilization decisions
  2. the SPM fails to consider the timing of cash flows
  3. the SPM is subject to manipulation in the short run
  4. the SPM fails to recognize assets that are dedicated to specific relationships
  5. all of the above are true

 

  1. What is the formula for net profit margin?

 

  1. gross profit minus interest expenses
  2. sales divided by costs of goods sold
  3. total sales divided by total assets
  4. net profit divided by sales
  5. none of the above

 

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

 

  1. sales, costs of goods sold, asset turnover
  2. accounts receivable, costs of goods sold, total expenses
  3. sales, costs of goods sold, total expenses
  4. inventory, accounts receivable, total expenses

 

  1. What is the formula for asset turnover?

 

  1. total sales divided by total assets
  2. net profit divided by total assets
  3. return on assets divided by total assets
  4. return on investment divided by return on net worth

 

  1. With respect to asset turnover, ____ is typically the most relevant logistics asset.

 

  1. warehousing
  2. inventory
  3. transportation equipment
  4. materials handling equipment

 

  1. The balanced scorecard approach is based on the belief that management should evaluate their business from ____ distinct perspectives.

 

  1. two
  2. three
  3. four
  4. five

 

  1. Which of the following is not one of the perspectives evaluated in the balanced scorecard approach?

 

  1. customers
  2. internal business processes
  3. learning and growth
  4. financial
  5. all of the above are perspectives in the balanced scorecard approach

 

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

 

  1. two
  2. three
  3. four
  4. five

 

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

 

  1. materials handling
  2. warehousing
  3. packaging
  4. order management

 

  1. ____ looks at how long an organization’s cash is tied up in receivables, payables, and inventory.

 

  1. cash-to-cash cycle
  2. cash flow
  3. gross margin return on investment
  4. current ratio

 

 

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)

 

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

 

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

 

  1. 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)

 

  1. Strategist Michael Porter identified three generic strategies that can be pursued by an organization, namely, cost leadership, differentiation, and value enhancement. (False)

 

  1. A differentiation strategy entails an organization developing a product and/or service that offers unique attributes that are valued by customers and that customers perceive to be distinct from competitor offerings. (True)

 

  1. The hierarchy of strategy entails the functional units of an organization providing input into the other levels of strategy formulation. (True)

 

  1. Functional-level strategies exist in marketing and production, but not in logistics. (False)

 

  1. Marketing goals in areas such as product availability, desired customer service levels, and packaging design have limited influence on logistics decisions. (False)

 

  1. A process strategy refers to management of logistics activities across business units with a focus on reducing complexity for customers. (False)

 

  1. Research indicates a positive benefit to aligning functional strategies such as marketing or logistics with the overall corporate strategy. (True)

 

  1. An understanding of financial terminology can help logisticians to manage logistical activities to improve their company’s financial performance. (True)

 

  1. The income statement is the same thing as the balance sheet. (False)

 

  1. In general, the income statement measures the profitability of the products and/or service provided by a company. (True)

 

  1. Superior logistics service can have a positive influence on an organization’s financial performance. (True)

 

  1. The balance sheet reflects the assets, liabilities, and costs of goods sold at a given point in time. (False)

 

  1. Long-term assets have a useful life of more than two years. (False)

 

  1. Owners’ equity is the difference between what a company owns and what it owes at any particular point in time. (True)

 

  1. The current ratio is calculated by dividing total current liabilities by total current assets. (False)

 

  1. A common measure of organizational financial success is return on investment. (True)

 

  1. Return on assets equals net profit margin times asset turnover. (True)

 

  1. The balanced scorecard provides the framework for conducting return on assets analysis by incorporating revenues and expenses to generate net profit margin, as well as inclusion of assets to measure asset turnover. (False)

 

  1. A reduction in inventory would increase inventory turnover, which means an increase in that organization’s return on assets (ROA). (True)

 

  1. Operationally, net profit margin is net profit divided by cost of goods sold. (False)

 

  1. With respect to net profit margin, the most relevant categories for logistics managers to consider are sales, costs of goods sold, and asset turnover. (False)

 

  1. The primary influence of logistics activities on sales would be through the improvement of customer service. (True)

 

  1. Asset turnover is computed by dividing return on assets by total assets. (False)

 

  1. With respect to asset turnover, inventory is typically the most relevant logistics asset. (True)

 

  1. A decision to invest in an electronic data interchange system that would increase invoice accuracy should result in a lower amount of accounts receivable. (True)

 

  1. The balanced scorecard is based on the belief that management should evaluate their business from five different perspectives. (False)

 

  1. According to the balanced scorecard approach, the financial perspective is considered the best indicator of whether or not logistics strategy is being properly implemented and executed. (False)

 

  1. The measures associated with the balanced scorecard can be at a strategic or tactical level. (True)

 

  1. Best in Class companies tend to use transportation scorecards less frequently than other companies. (False)

 

  1. The cash-to-cash cycle looks at how long an organization’s cash is tied up in receivables, payables, and inventory. (True)

 

  1. When applying performance measures to logistics activities, determination of the key measures should be tailored to the individual organization and level of decision making. (True)

 

 

 

------

Free Online LOGISTICS, GLOBAL LOGISTICS AND INTERNATIONAL LOGISTICS MANAGEMENT

Learning marterial and resources for courses in:

1. See full list of videos: Link

2. Free Logistics, Global Logistics, International Logistics - 2016 Ebooks (free download)

GLOBAL LOGISTICS MANAGEMENT, A Competitive Advantage for the 21st Century, 2nd Edition, 2006, Kent N. Gourdin - Link download free 

INTERNATIONAL LOGISTICS AND SUPPLY MANAGEMENT, Allan Carrol, 2016 - Link download free

Logistics & Supply Chain Management, 4th Edition, 2011, Martin Christopher, Prentice Hall - Link download free

Logistics Management, 2012, David B. Grant, Prentice Hall - Link download free

The Supply Chain Management Casebook, Comprehensive Coverage and Best Practices in SCM, 2013, Chuck Munson Link download free

------
Logistics & Supply Chain Management, 5th Edition, 2016, Martin Christopher, Prentice Hall
Contemporary Logistics, 11th Edition, 2015, Paul R. Murphy, A. Michael Knemeyer
Production and Logistics in Meeting, Expositions, Events and Conventions, 2015, George G. Fenich
Supply Chain and Logistics Management Made Easy: Methods and Applications for Planning, Operations, Integration, Control and Improvement, and Network Design, 2015, Paul A. Myerson

-----
The world merchant fleet in 2014 Statistics from Equasis - Link download free
Review of MaRitime Transport, 2015 - Link download free

3. Website and All articles about Logistics, Global Logistics, International Logistics and Supply Chain Management

http://top20mba.com 

4. Case Study Guides

5. Link to power point slides (Free Download)

Contemporary Logistics, 11th Edition, 2015, Paul R. Murphy, A. Michael Knemeyer

Murphy - Link download free

Production and Logistics in Meeting, Expositions, Events and Conventions, 2015, George G. Fenich

Fenich  - Link download free

6. Test Bank - Free download

Murphy 2015 - link

Fenich - link 

Murphy 2016 - link 

 

------

2018

Contemporary Logistics, 12th Edition, Paul R. Murphy, 2018
Part I: An Overview of Logistics
1. An Overview of Logistics
2. Logistics and Information Technology
3. Strategic and Financial Logistics
4. Organizational and Managerial Issues in Logistics
Part II: Supply Chain Management
5. The Supply Chain Management Concept
6. Procurement
Part III: Elements of Logistics Systems
7. Demand Management, Ordered Management, and Customer Service
8. Inventory Management
9. Facility Location
10. Warehousing Management
11. Packaging and Materials Handling
12. Transportation
13. Transportation Management
14. International Logistics

For Test Bankz, Quiz Answers and Case study Guides, email to: This email address is being protected from spambots. You need JavaScript enabled to view it.

All Free downloads - LINK

Good Luck and Success !!

MBA Simulation Games 2017 - Excel file for Sales Forecast

EXCEL FILE

FOR SALES FORECAST

AND PRODUCTION

CALCULATION

NOW IT IS FREE !

DOWNLOAD HERE

Also

Free Personal Support for

ROUND 1

ROUND 2

Email: 

winmbasim@gmail.com

MBA Simulation Games 2018 - Ebook - All Winning Guides and Tips

THE E-BOOK

IS NOW FREE

ALL WINNING GUIDES AND TIPS

WIN ALL 8 ROUNDS

Update 2018

New Stratetgies

Download here - LINK

And Free Personal Support

for Round 1 and Round 2

Email: 

winmbasim@gmail.com