4220quiz 1-6 Essay examples

2144 WordsFeb 27, 20139 Pages
* Question 1 1 out of 1 points | | | According to the International Product Life Cycle Theory, the country(ies) most likely to manufacture a product that has been recently developed (one that is the result of a brand-new design and uses patented technology) and is in its first commercialization year, is (are) ___.Answer | | | | | Selected Answer: | a. the country of innovation only | | | | | * Question 2 1 out of 1 points | | | Argentina can produce one ton of meat (beef) using 0.1 years of labor. It can also produce one automobile using two years of labor. In order to produce one ton of beef, the United States uses 0.2 years of labor. It can produce an automobile using 1.5 years of labor. Argentina has…show more content…
True | | | | | * Question 4 1 out of 1 points | | | Which one was not one of the characteristics of the "early days" of logistics?Answer | | | | | Selected Answer: | d. An emphasis on customer satisfaction | | | | | * Question 5 1 out of 1 points | | | Who was the person who popularized the idea of sea-going containers that could be loaded directly onto a ship, a truck or a railroad car?Answer | | | | | Selected Answer: | b. Malcom McLean | | | | | * Question 6 1 out of 1 points | | | In the 1980s, companies started to manage their inventories much more closely than they had in the 1960s and 1970s. This was due to an increase in ___.Answer | | | | | Selected Answer: | a. interest rates | | | | | * Question 7 1 out of 1 points | | | It is not unusual for companies shipping to large manufacturers and retail chains to be penalized financially (not receiving the full invoice amount) for not ___.Answer | | | | | Selected Answer: | d. delivering the goods on the day and at the time promised | | | | | * Question 8 1 out of 1 points | | | DRP (Distribution Requirements Planning) is a system that allows manufacturers, wholesalers and retailers of consumer products to manage their inventory "just-in-time:" DPR works as a ___.Answer | | | | | Selected Answer: | d. "pull" system | | |

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