1) which option is NOT one of the three Functions of Warehousing a) movement b) insurance c) storage d) information transfer 2) which option is NOT one of the Importances of Warehousing a) realizing transportation economies b) realizing production economies c) realizing post-sales economies d) meeting changing market conditions e) accomplishing least total cost logistics f) supporting customer service policies 3) in terms of the concept of "consolidation", the warehouse should be located closed to: a) the customer b) the plant c) Yantai University d) maybe me 4) in terms of the concept of "break-bulk", the warehouse should be located closed to: a) the customer b) the plant c) my dorm d) my bed 5) the benefits of Postponement includes: a) lowering risks b) bringing higher risks c) increasing production cycle d) increasing costs 6) "Lead Time" refers to the period from________ to _________. a) placing order; completing production b) order arrival; deliver to customer c) placing order; order arrival d) order arrival; completing production 7) Holding Inventory can balance supply and demand of a) normal materials b) fragile materals c) electronic materals d) seasonal materals 8) "Intransit inventory" should be regarded as inventory of the company. a) true b) false c) what is intransit inventory d) I never learned this concept 9) Average stock equals to _____ of cycle stock. a) 1/3 b) 1/2 c) 1/4 d) 1/n 10) "Safety stock" refers to: a) superman who can save stock b) stock which can protect themselves c) stock with insurance d) in excess of cycle stock because of uncertainty in demand or lead time 11) "Dead stock" refers to: a) stock which has been killed b) stock which is boring c) no demand has been registered for some specific period of time d) stock which is stored in refrigeratory 12) "opportunity cost" refers to: a) If我旷课就会错失与活泼可爱的雯子见面的机会 b) 你旷课你就是修狗嗷 c) 你为啥不来上课啊？ d) 你旷课干嘛去了？

Unit 6+7

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