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Audit of Logistics Quiz
Audit of Logistics Quiz
1.) Refers to a larger network of outside organizations that work together to deliver products to
customers, including vendors, transportation providers, call centers, warehouse providers, and others.
a. logistics
b. supply chain management
c. transportation and logistics industry
d. courier company
3.) The process of planning and executing the efficient transportation and storage of goods from the point
of origin to the point of consumption.
a. logistics
b. logistics management
c. transportation
d. shipment
4.) Is there a unique balance sheet structure for Logistics Companies (railway, trucking…)
a. Yes, there is. They are all the same as long as they are under the logistics category.
b. None. They are inhomogeneous because the financial statements are dependent on the
management of the logistics company.
c. None. They are inhomogeneous because logistics companies have different categories
and each category has different activities.
d. Yes, they are homogeneous because the line items to be put in the financial statements are
standardized across the logistics industry.
a. 4, 6, 3, 2, 1, 5, 7
b. 1, 4, 7, 6, 3, 2, 5
c. 1, 4, 7, 2, 6, 5, 3
d. 7, 1, 4, 2, 6, 3, 5
Determine which step in the audit procedure are the following activities encapsulated?
a. Preliminary observation of company’s operation
b. Implementation
c. LFA
d. Positioning of logistics strategies to the company’s corporate objectives