Question : 71) Inventory management is: A) determining what type of warehouse to : 1353435

71) Inventory management is:

A) determining what type of warehouse to manage.

B) establishing an inventory channel.

C) managing physical distribution of products.

D) purchasing products.

E) ensuring cost control.

72) An important new tool for inventory management is:

A) ODW.

B) RFID.

C) LEGO.

D) VUCA.

E) EPOS.

73) Which of the following transportation modes ranks lowest in capability?

A) truck

B) railroad

C) Internet

D) air

E) water

74) “Containerization” refers to a company’s:

A) designing attractive product packaging that will help a product “sell itself.”

B) use of computer technology to keep a lid on (“contain”) distribution costs.

C) use of refrigerated warehouses for perishable products.

D) use of standard-sized shipping boxes that can be transported in various ways.

E) method of shipment by using oval size steel containers to fit different commodities.

75) When a company uses intermodal or multimodal transportation, it is:

A) using multiple channels.

B) using land and water shipping.

C) shipping via more than one railroad line.

D) using the services of both UPS and FedEx.

E) using different size containers for shipment.

76) A French winery packs its wine in a 40-foot container that is trucked to a port and then loaded onto an ocean-going vessel. This is an example of:

A) intermodal transportation.

B) inventory control.

C) hypermarketing.

D) “cherry picking” a product.

E) containerization.

77) A freighter loaded with 40-foot shipping containers leaves a port in Europe and sails to New York, where the containers are transferred to railroad cars and transported to the West coast. At the port of San Francisco, the containers are loaded onto another freighter bound for Japan. The term that best describes this situation is:

A) intermodal transportation.

B) inventory management.

C) greenfield investment.

D) hypermarketing.

E) containerization.

78) Breaking all the conventional norms, Selfridge opened his department store just off Oxford Street. The changes incorporated include all of the following except one:

A) perfume and fragrance were moved to the front in order to avoid any horse dung odors.

B) goods were put within reach of the customers.

C) goods were kept behind counters and were available by asking store clerks.

D) customers always came first.

E) early bird specials were offered.

79) The scandal about finding horse DNA in frozen beef burgers sold in supermarkets in Ireland became a big issue. However, the fact remains that 60,000 tons of horse meat were sold in Europe in 2012. Other facts about horse meat include all of the following except:

A) in Europe, horse meat is available from a variety of suppliers.

B) it is legal to produce horse meat in the United States.

C) horses are shipped from the United States to Mexico and Canada for slaughter.

D) Italy imports 50 million pounds of horse meat annually from Ireland.

E) horse meat is lean and high in iron and other nutrients.