APICS CLTD Online Practice Questions and Exam Preparation

APICS CLTD Online Questions & Answers

• Question 111:

  Anticipatory business models are also known as:

  A. push systems.
  B. pull systems.
  C. postponement systems.
  D. customized systems.
  A. push systems.

• Question 112:

  Which of the following entities can act as a firm's liaison with Customs regarding issues of admissibility but cannot make decisions regarding customs transactions:

  A. Export management company (EMC)
  B. Export trading company (ETC)
  C. Freight broker
  D. Customs broker
  D. Customs broker

• Question 113:

  A centralized distribution network would be most appropriate for a firm whose products are:

  A. small, inexpensive, and distributed throughout the world.
  B. heavy, inexpensive, and with a short-required delivery time.
  C. large, expensive, and with a high level of demand.
  D. large and with a long-required delivery time.
  C. large, expensive, and with a high level of demand.

• Question 114:

  Given the data below, what would be the new reorder point (ROP) if the lead time were reduced by 20%? Daily demand = 20 units Reorder lead time = 10 days

  Safety stock = 15 units

  A. 160 units
  B. 175 units
  C. 195 units
  D. 215 units
  B. 175 units

• Question 115:

  An express authorization to bring a foreign product into a country is called a(n):

  A. export license.
  B. specific license
  C. explicit license.
  D. import license.
  D. import license.

• Question 116:

  Moving to a decentralized inventory model creates a conflict with which risk mitigation strategy?

  A. Risk response plan
  B. Obsolescence reduction
  C. Risk pooling
  D. Outsourcing
  C. Risk pooling

• Question 117:

  A document that serves as a contract, a receipt, and a certificate of title in an international transaction is known as a:

  A. certificate of origin
  B. manifest
  C. packing list
  D. bill of lading (B\L)
  D. bill of lading (B\L)

• Question 118:

  A company has prioritized A, B, and C, filling orders in that sequence. What are the impact to customer service levels for customers B and C?

  

  A. 100% service levels for B and C
  B. Customer B has higher service level
  C. Customer C has higher service level
  D. Customer B and C have the same service level
  D. Customer B and C have the same service level

• Question 119:

  Which of the following is a speculative risk that an exporter should consider when deciding the currency to use to complete the transaction with an importer?

  A. Exchange rate fluctuation
  B. Currency convertibility
  C. Translation
  D. Government control on import payment
  A. Exchange rate fluctuation

• Question 120:

  When a company decides not to purchase insurance to cover a risk, it is pursuing what type of risk strategy?

  A. Retention
  B. Transfer
  C. Mixed
  D. Mitigation
  A. Retention