tlmt-405-midterm

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Question
1 of 4

25.0 Points

In 1998 the basic overall component of the
definition of Logistics was that_____________________.

A.
logistics is concerned with the flow of goods from a point of origin to the
point of consumption

B.
logistics is concerned with the flow of goods for refurbishing at the point
of origin

C.
logistics is concerned with the flow of goods from a point of consumption
to the point of origin

D.
logistics is concerned with the flow of goods for proper disposal at the
point of consumption

Question
2 of 4

25.0 Points

In 1998 the purpose of reverse Logistics was
defined as _________________.

A.
processing returned merchandise due to damage, seasonal inventory, restock,
salvage, recalls, and excess inventory

B.
conforming to customer requirements

C.
recapturing value or proper disposal

D.
reusing containers and recycling packaging material

Question
3 of 4

25.0 Points

In 1998, logistics costs were estimated to
account for approximately ____ of the U.S. economy

A.
27.5%

B.
67.2%

C.
10.7%

D.
4%

Question
4 of 4

25.0 Points

In 1998, the distance between manufacturers
and retailers on many issues could be seem as ___________

A.
small

B.
large

C.
non-existent

D.
not measurable

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