Which of the following costs are the most intangible and subjective of all the carrying cost elements?

• A.Risk cost
• B.Storage cost
• C.Service cost
• D.Capital cost

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In addition to order placement and order processing, which of the following steps are part of the order management process?

• A.Order transit time and customer receiving
• B.Order preparation and loading and order delivery
• C.Order transit time and order returns
• D.Order preparation and loading and order picking

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A company wishes to ship large quantities via ocean freight utilizing the entire vessel capacity. The most appropriate contract of carriage to use is a:

• A.wet lease.
• B.letter of credit.
• C.charter party.
• D.bill of lading (B/L).

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Which of the following costs are the most intangible and subjective of all the carrying cost elements?

• A.Risk cost
• B.Capital cost
• C.Service cost
• D.Storage cost

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In the economic utility function of logistics, logistics adds:

• A.form and time utilities to products, while other activities add place and possession utilities.
• B.place and time utilities to products, while other activities add form and possession utilities.
• C.possession and form utilities to products, while other activities add time and place utilities.
• D.possession and place utilities to products, while other activities add form and possession utilities.

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