墨菲物流学英文版第12版题库答案第3章.docx
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墨菲物流学英文版第12版题库答案第3章.docx
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墨菲物流学英文版第12版题库答案第3章
TESTBANK
CHAPTER3:
STRATEGICANDFINANCIALLOGISTICS
MultipleChoiceQuestions(correctanswersarebolded)
1.Dependingonindustryandproducttype,reverselogisticscostsasapercentofrevenuecanrangebetween___________and___________percent.
a.5;10
b.4;8
c.3;6
d.2;4
[LO:
materialatbeginningofthechapter;Moderate;Application;AACSBCategory3:
Analyticalthinking]
2.Whichofthefollowingisnotalevelatwhichstrategycanbeformulated?
a.corporate
b.businessunit
c.functional
d.individuallocation
[LO3.1:
Tounderstandhowlogisticsdecisionscaninfluenceanorganization’sstrategicfinancialoutcomes;Moderate;Synthesis;AACSBCategory3:
Analyticalthinking]
3.___________strategyisfocusedondeterminingthegoalsforthecompany,thetypesofbusinessesinwhichthecompanyshouldcompete,andthewaythecompanywillbemanaged.
a.Functionallevel
b.Businessunitlevel
c.Divisionallevel
d.Corporatelevel
[LO3.1:
Tounderstandhowlogisticsdecisionscaninfluenceanorganization’sstrategicfinancialoutcomes;Easy;Concept;AACSBCategory3:
Analyticalthinking]
4.Strategyata___________levelisprimarilyfocusedontheproductsandservicesprovidedtocustomersandonfindingwaystodevelopandmaintainasustainablecompetitiveadvantagewiththesecustomers.
a.functional
b.businessunit
c.divisional
d.corporate
[LO3.1:
Tounderstandhowlogisticsdecisionscaninfluenceanorganization’sstrategicfinancialoutcomes;Easy;Concept;AACSBCategory3:
Analyticalthinking]
5.Whichofthefollowingisnotoneofthegenericstrategiesthatcanbepursuedbyanorganization,asidentifiedbystrategistMichaelPorter?
a.valueenhancement
b.differentiation
c.costleadership
d.focus
[LO3.1:
Tounderstandhowlogisticsdecisionscaninfluenceanorganization’sstrategicfinancialoutcomes;Moderate;Synthesis;AACSBCategory3:
Analyticalthinking]
6.A___________strategyentailsanorganizationdevelopingaproductand/orservicethatoffersuniqueattributesthatarevaluedbycustomersandthatthecustomerperceivestobedistinctfromcompetitorofferings.
a.focus
b.differentiation
c.valueenhancement
d.marketorientation
[LO3.1:
Tounderstandhowlogisticsdecisionscaninfluenceanorganization’sstrategicfinancialoutcomes;Easy;Concept;AACSBCategory3:
Analyticalthinking]
7.Whichgenericstrategyconcentratesanorganization’seffortonanarrowlydefinedmarkettoachieveeitheracostleadershipordifferentiationstrategy?
a.hybrid
b.marketorientation
c.tailored
d.focus
[LO3.1:
Tounderstandhowlogisticsdecisionscaninfluenceanorganization’sstrategicfinancialoutcomes;Easy;Concept;AACSBCategory3:
Analyticalthinking]
8.A(n)___________entailsthefunctionalunitsofanorganizationprovidinginputintotheotherlevelsofstrategyformulation.
a.supplychain
b.differentiationstrategy
c.hierarchyofstrategy
d.enterpriseresourcesystem
[LO3.1:
Tounderstandhowlogisticsdecisionscaninfluenceanorganization’sstrategicfinancialoutcomes;Moderate;Concept;AACSBCategory3:
Analyticalthinking]
9.Whichofthefollowingrepresentsthepreferredhierarchyofstrategy(i.e.,fromthefirststrategytobedevelopedtothelasttobedeveloped)?
a.corporatebusinessunitfunctional
b.functionalbusinessunitcorporate
c.corporatebusinessunitdivisional
d.businessunitdivisionalfunctional
[LO3.1:
Tounderstandhowlogisticsdecisionscaninfluenceanorganization’sstrategicfinancialoutcomes;Difficult;Synthesis;AACSBCategory3:
Analyticalthinking]
10.___________strategydecisionsinvolveissuessuchasthenumberandlocationofwarehousesandtheselectionofappropriatetransportationmodes.
a.Marketing
b.Production
c.Finance
d.Logistics
[LO3.1:
Tounderstandhowlogisticsdecisionscaninfluenceanorganization’sstrategicfinancialoutcomes;Moderate;Application;AACSBCategory3:
Analyticalthinking]
11.Whichofthefollowingisnotapotentialtypeoflogisticsstrategydecision?
a.investmentsintechnologythatsupportlogisticsactivities
b.selectionofappropriatetransportationmodes
c.deploymentofinventory
d.productavailability
[LO3.1:
Tounderstandhowlogisticsdecisionscaninfluenceanorganization’sstrategicfinancialoutcomes;Moderate;Synthesis;AACSBCategory3:
Analyticalthinking]
12.Whendevelopinglogisticsstrategy,a(n)___________strategyreferstothemanagementoflogisticsactivitieswithafocusoncosts.
a.market
b.process
c.differentiation
d.information
[LO3.1:
Tounderstandhowlogisticsdecisionscaninfluenceanorganization’sstrategicfinancialoutcomes;Moderate;Concept;AACSBCategory3:
Analyticalthinking]
13.A(n)___________strategyreferstomanagementoflogisticalactivitieswithagoalofachievingcoordinationandcollaborationthroughthechannel.
a.market
b.process
c.differentiation
d.information
[LO3.1:
Tounderstandhowlogisticsdecisionscaninfluenceanorganization’sstrategicfinancialoutcomes;Moderate;Concept;AACSBCategory3:
Analyticalthinking]
14.A(n)___________strategyallowsretailcustomerstoorderproductsanywhere,anytime,andonanydevice,whilealsoallowingthemtotakedeliverywhenandwheretheywant.
a.valueco-creation
b.omnichannel
c.hybridlogistics
d.information-centric
[LO3.1:
Tounderstandhowlogisticsdecisionscaninfluenceanorganization’sstrategicfinancialoutcomes;Moderate;Concept;AACSBCategory3:
Analyticalthinking]
15.The___________showsrevenues,expenses,andprofitforaperiodoftime.
a.balancesheet
b.currentratio
c.incomestatement
d.statementofcashflows
[LO3.2:
Toreviewbasicfinancialterminologyusedbylogisticsmanagers;Easy;Concept;AACSBCategory3:
Analyticalthinking]
16.Ingeneral,the___________measurestheprofitabilityoftheproductsand/orservicesprovidedbyacompany.
a.balancesheet
b.StrategicProfitModel(SPM)
c.BalancedScorecard(BSC)
d.incomestatement
[LO3.2:
Toreviewbasicfinancialterminologyusedbylogisticsmanagers;East;Application;AACSBCategory3:
Analyticalthinking]
17.The___________reflectstheassets,liabilities,andowners’equityatagivenpointintime.
a.BalancedScorecard(BSC)
b.balancesheet
c.incomestatement
d.StrategicProfitModel(SPM)
[LO3.2:
Toreviewbasicfinancialterminologyusedbylogisticsmanagers;Easy;Concept;AACSBCategory3:
Analyticalthinking]
18.Thebalancesheetreflectstheassets,liabilities,and___________atagivenpointintime.
a.costsofgoodssold
b.netincome
c.owners’equity
d.assetturnover
[LO3.2:
Toreviewbasicfinancialterminologyusedbylogisticsmanagers;Easy;Concept;AACSBCategory3:
Analyticalthinking]
19.Whichofthefollowingdoesnotappearonthebalancesheet?
a.assets
b.owners’equity
c.liabilities
d.netincome
[LO3.2:
Toreviewbasicfinancialterminologyusedbylogisticsmanagers;Moderate;Synthesis;AACSBCategory3:
Analyticalthinking]
20.Whichofthefollowingdoesnotaffectcashflowswithinanorganization?
a.revenuegrowth
b.assetutilization
c.inventory
d.accountsreceivable
[LO3.2:
Toreviewbasicfinancialterminologyusedbylogisticsmanagers;Moderate;Synthesis;AACSBCategory3:
Analyticalthinking]
21.The___________Acthasimplicationsforlogisticsmanagersintermsofinternalcontrols,offbalancesheetobligations,andtimelyreportingofmaterialevents.
a.Glass-Steagall
b.FinancialManagers
c.Sarbanes-Oxley
d.RegulatoryAccountability
[LO3.3:
Toexplainorganizationalfinancialreportingrequirementsaffectedbylogisticsactivities;Moderate;Application;AACSBCategory3:
Analyticalthinking]
22.Thecurrentratioiscalculatedbydividing___________by___________.
a.totalcurrentassets;totalcurrentliabilities
b.totalcurrentliabilities;totalcurrentassets
c.totalassets;totalliabilities
d.totalliabilities;totalassets
[LO3.4:
Toemploythestrategicprofitmodeltohighlightthefinancialimpactoflogisticsactivities;Moderate;Application;AACSBCategory3:
Analyticalthinking]
23.Whichofthefollowingisacommonmeasureoforganizationalfinancialsuccess?
a.Netprofitmargin
b.Incomestatement
c.Currentratio
d.ReturnonInvestment(ROI)
[LO3.4:
Toemploythestrategicprofitmodeltohighlightthefinancialimpactoflogisticsactivities;Moderate;Synthesis;AACSBCategory3:
Analyticalthinking]
24.Whatprovidestheframeworkforconductingreturnonassets(ROA)analysisbyincorporatingrevenuesandexpensestogeneratenetprofitmargin,aswellasinclusionofassetstomeasureassetturnover?
a.BalancedScorecard(BSC)
b.StrategicProfitModel(SPM)
c.BalanceSheet
d.SupplyChainOperationsReferenceModel
[LO3.4:
Toemploythestrategicprofitmodeltohighlightthefinancialimpactoflogisticsactivities;Moderate;Concept;AACSBCategory3:
Analyticalthinking]
25.Returnonassets(ROA)equals:
a.currentassetsdividedbytotalassets.
b.returnoninvestmentdividedbyreturnonnetworth.
c.netprofitmargintimesassetturnover.
d.totalassetsdividedbycostsofgoodssold.
[LO3.4:
Toemploythestrategicprofitmodeltohighlightthefinancialimpactoflogisticsactivities;Moderate;Concept;AACSBCategory3:
Analyticalthinking]
26.Supposethatalogisticsmanagerisabletoeliminatesomeunnecessaryinventory,whichreducesthevalueofcurrentassetsaswellastotalassetvalue.Whatisthecorrespondingimpactoninventoryturnoverandreturnonassets(ROA)?
a.BothinventoryturnoverandROA
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