APICS CLTD Online Practice Questions and Exam Preparation

APICS CLTD Online Questions & Answers

• Question 211:

  What may be the cause if the value of inventory is greater than the value of the net working capital?

  A. Receivables are too high.
  B. Cost of goods sold (COGS) is too high.
  C. Inventory is too high.
  D. High level of obsolescence.
  C. Inventory is too high.

• Question 212:

  A retailer creates independence between their shops and their suppliers by building additional inventory at local distribution centers (DCs). This function of inventory is known as:

  A. decoupling.
  B. hedge.
  C. safety.
  D. anticipatory.
  A. decoupling.

• Question 213:

  A product recall differs from other reverse logistics processes in that:

  A. all products must be accounted for and the potential for danger no longer exists.
  B. customers return unwanted goods and receive a credit for the value of their returns.
  C. environmental waste must be returned and repurposed by the manufacturer.
  D. products that are worn or broken are repaired or reprocessed so that the return may eventually be returned to the market.
  A. all products must be accounted for and the potential for danger no longer exists.

• Question 214:

  Under what circumstances should management generally consider utilizing qualitative forecasting techniques?

  A. When real-time data flow is available
  B. When historic data is both clear and relatively stable
  C. When developing strategic-level forecasts
  D. When demand is dependent on bill of material (BOM) calculations
  C. When developing strategic-level forecasts

• Question 215:

  Collaborative planning, forecasting, and replenishment (CPFR) enables supply chain partners to:

  A. discontinue forecasting of independent demand.
  B. balance total network supply and demand.
  C. link electronic data interchange (EDI) systems.
  D. determine customer order decoupling points.
  B. balance total network supply and demand.

• Question 216:

  A developing country would like to improve its trade relations with Europe by updating its port infrastructure. Which international organization would help fund the project?

  A. the bank for International Settlements
  B. The World bank
  C. The Central bank
  D. The International Monetary Fund
  B. The World bank

• Question 217:

  The international commercial document that serves as a quote to obtain a letter of credit or an import license is called a(n):

  A. commercial invoice
  B. pro forma invoice
  C. export license
  D. consular invoice
  B. pro forma invoice

• Question 218:

  Which of the following methods accurately predicts the error normalizing the effects of volume?

  A. Mean absolute deviation (MAD)
  B. Mean squared error (MSE)
  C. Mean absolute percent error (MAPE)
  D. Correlation coefficient
  C. Mean absolute percent error (MAPE)

• Question 219:

  A company is trying to ship a product which weighs 150 pounds with a density of 15.7 pounds per cubic foot. Using the carriers rate schedule below, what is the shipping cost?

  

  A. $8
  B. $10
  C. $12
  D. $18
  B. $10

• Question 220:

  In addition to declaring the origin of goods, a certificate of origin is used to determine the:

  A. export declaration
  B. cost of transportation
  C. standard cost
  D. applied tariff
  D. applied tariff