TLMT 313 Quiz 3

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School

Liberty University *

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Course

314

Subject

Management

Date

Apr 3, 2024

Type

docx

Pages

Uploaded by MagistrateComputerFerret6259

Week 3 - Quiz #3 - Results Attempt 1 of 1 Written Mar 22, 2024 3:02 PM - Mar 22, 2024 3:08 PM Attempt Score 90 / 100 - 90 % Overall Grade (Highest Attempt) 90 / 100 - 90 % stion 1 10 / 10 po Global location decisions are made to optimize the performance of the supply chain and be consistent with the firm's competitive strategy. Question options: True False Hide question 1 feedback Chapters 9 & 11 n 2 10 / 1 Logistics is what creates the efficient flow of goods between supply chain partners, allowing profits and competitive advantage to be maximized. Question options: True False Hide question 2 feedback Chapters 9 & 11 n 3 10 / 1 Private warehouses refer to warehouses that are owned by the firm storing the goods. Question options: True False Hide question 3 feedback Chapters 9 & 11

n 4 10 / 1 While the development and proliferation of the Internet and web-based commerce has not completely eliminated the relevancy of facilities location, because of the Internet, the speed of delivery and cost in serving the customer are no longer factors in determining the strategic location of an organization's facilities. Question options: True False Hide question 4 feedback Chapters 9 & 11 n 5 10 / 1 Risk pooling is a strategy that attempts to use fewer warehouses to decrease the required safety stock levels since the negatively correlated market demands reduce the overall demand variance across the markets which the centralized warehouse services. Question options: True False Hide question 5 feedback Chapters 9 & 11 n 6 10 / 1 Regional trade agreements and the World Trade Organization provide a framework for managers in terms of investigating important facility location elements like tariffs, costs, and the free flow of goods and services in different regions of the world. Question options: True False Hide question 6 feedback

Chapters 9 & 11 n 7 10 / 1 With FOB pricing, a supplier is the legal owner of a product until the product reaches its destination. Question options: True False Hide question 7 feedback Chapters 9 & 11 n 8 10 / 1 The critical issues in sustainable development are energy consumption/production, air pollution and climate change. Question options: True False Hide question 8 feedback Chapters 9 & 11 n 9 0 / 1 The European Union (EU) created the world's largest free trade area. Question options: True False Hide question 9 feedback Chapters 9 & 11 n 10 10 / 1 The primary objective of an offshore factory is to take advantage of low labor costs. Question options: True False Hide question 10 feedback

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Chapters 9 & 11

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