2. MULTIPLE CHOICE QUESTION (MCQ) ON LOGISTICS MANAGEMENT

3. (a) Logistics Management (b) Materials of Management (c) Bill of Materials (d) None of the above 1………….includes design and administration of system to control the flow of materials, WIP and finished inventory to support business unit strategy.

4. 2. Which Is not a part of basic system of codification? Alphabetical System Numerical System Color Coding System None of the above

5. 3. …………and physical distribution are the two major operations of logistics Supply Chain Management Materials Management Logistics Management None of the above

6. 4. ……….is the time that elapses between issuing replenishment order and receiving the material in stores. Replenishment time Lead time Idle time None of the above

7. 5. Which of the following forms of evaluating merchandise is most appropriate for standardized, non- breakable, and nonperishable merchandise? sampling Inspection Description final selection

8. 6. Off -price retailers and other deep discounters generally employ which form of buying? opportunistic buying decentralized buying resident buying house buying long-term buying contract

9. 7. Payments required by retailers for providing shelf space in stores are: shelf facing fees slotting allowances multiple shelf face allowances shelf space allowances

10. 8. Inventory risk to a retailer is lowest in a: short-term supply contract long-term supply contract consignment purchase negotiated purchase

11. 9. Which of the following can result by maintaining a large inventory? quantity discounts obtained on larger orders low investment costs high transportation charge difficulty with control and handling

12. 10. Which of the following is not a potential advantage of maintaining a small inventory? low investment costs low impact of order delay on sales low storage costs low obsolescence

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