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Quiz Session 3

The document is a 13 question quiz about logistics management. It covers topics like fixed assets, working capital, costing methods, shareholder value, return on capital employed, quality costs, inventory, and direct costs.

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Lan Chi Vũ
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14 views

Quiz Session 3

The document is a 13 question quiz about logistics management. It covers topics like fixed assets, working capital, costing methods, shareholder value, return on capital employed, quality costs, inventory, and direct costs.

Uploaded by

Lan Chi Vũ
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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30 minutes

Logistics Management Quiz session 3 (14 May


2024)

* Required

* This form will record your name, please fill your name.

1. Your full name *

2. Student ID *

3. Your place in checking attendance photo posted in Zalo group *

4. _______ are value-generating assets of a business that involve high capital, e.g., manufacturing
facilities, warehousing, and distribution, and result in fixed costs * (1 Point)

Fixed asset

Working capital

Inventory

Facilities

5. Captial employed includes working captial (inventory+ cash and accounts receiveable -
account payables) plus fixed asset * (1 Point)

True

False
6. "Step 1: Seeks to break the business down into major processes – such as manufacture,
storage and distribution
Step 2: Break each process into activities.
Step 3: Identify cost driver per activity
Step 4: Sum across all of the activities in a process give the total cost of that process"
These four steps belong to which costing method * (1 Point)

Processing costing

Activities costing

Resource based view costing

Activities based costing

7. Shareholder value measures financial value created for shareholders and customer * (1 Point)

True

False

8. Return on capital employed (ROCE) measured as profit before interest and tax as a
percentage of capital employed * (1 Point)

True

False

9. What is/are driver(s) for ROCE for measuring shareholder value * (1 Point)

Increased profitability and asset utilization

Increased asset utilization

Increase total asset and revenue

Increase profit and working capital

10. According to textbook, basing on concept of quality, cost can be broken down into *
(1 Point)

Prevention cost, Treatment cost, and Defect cost

Planning and Checking Quality

Prevention, Appraisal, and Internal&External Failure

Prevention, Appraisal, Treatment, and Internal&External Failure


11. _____ is used to buffer uncertainty of supply and demand, and to permit immediate
availability in case of long replenishment times; it ties up cash, it needs resources to be stored
and it becomes obsolete * (1 Point)

Costs

Working capital

Inventory

Excess production

12. Which type of cost can be tied to specific products. Exact allocation of the cost of bought-in
parts to the products into which they are built. * (1 Point)

Indirect cost

Manufacturing cost

Logistics cost

Direct cost

13. What is/are driver(s) for ROCE for measuring shareholder value * (1 Point)

Increased profitability and asset utilization

Increased asset utilization

Increase total asset and revenue

Increase profit and working capital

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