Explain the right answer as well as the wrong answer also. 1. Which one was NOT one of the characteristics of the "early days" of logistics? Select one: a. An emphasis on making sure that the goods arrived in good condition b. An emphasis on low-cost transportation c. Long transit times d. An emphasis on customer satisfaction

Question

Explain the right answer as well as the wrong answer also.

1. Which one was NOT one of the characteristics of the "early days" of logistics?

Select one:

a. An emphasis on making sure that the goods arrived in good condition

b. An emphasis on low-cost transportation

c. Long transit times

d. An emphasis on customer satisfaction

2. Use the following information and a decision tree to complete this question. You DO NOT have to include a drawing of the decision tree with your answer, but you DO have to include your calculations and text explaining what you are doing for each of your options/decisions. Long after its original release, The Disney Corporation is thinking about taking its hit Broadway musical, The Lion King on tour again, this time in London, England. It has made the following calculations. The tour would cost $12 million. There is a 30% chance that the tour will generate $20 million in revenue. There is a 70% chance that the tour will earn $10 million in revenue.

1) What is the expected value of each of your options (include your work)?

2) Which option is the best option based on your decision tree and expected values?

3. Logistics and supply chain decisions surround…

Select one:

a. Time and quantity of capacity

b. Place and amount of inventory

c. How long customers are willing to wait for their goods and services

d. All of the answers are correct

4. If I need to find the U.S. import tax for goods imported into the U.S., what source would I use to find this information?

Select one:

a. Collection of U.S. Tariff and Taxes

b. U.S. Trade Representative