DutiLog is a firm that specializes in providing warehousing, order processing, and transporting solutions to a diverse group of firms. Firms contract DutiLog to manage a part or most of their order fulfillment process. Thus, DutiLog is an example of a:
a. mediator.
b. third-party logistics company.
c. federal administrative agency.
d. job shop.
ANSWER: b
DutiLog is an example of a third-party logistics company. Third party logistics firms (3PLs) provide functional logistics services to others.
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Which of the following transactions involves an exchange of value?
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A ________ is an unconditional promise to perform.
A. parol evidence B. covenant C. condition subsequent D. rescission
Consider the Demand for Microwave Ovens dataset. What is the total demand corresponding to random numbers 86, 83, 29, 63, 82, and 35?
a. 14
b. 15
c. 16
d. 17