APICS CLTD Online Practice Questions and Exam Preparation

APICS CLTD Online Questions & Answers

• Question 271:

  Which of the following actions would a company likely use to establish a new product forecast?

  A. Perform a statistical forecast with the limited data available.
  B. Obtain the expert forecast by introducing the Delphi method.
  C. Avoid forecasting and start producing according to a pull system.
  D. Create safety stock equal to the total capacity of the firm.
  B. Obtain the expert forecast by introducing the Delphi method.

• Question 272:

  In order to reduce the risk of nonpayment, an exporter wants to retain the title to goods until payment is made. Which of the following drafts should the exporter request from the presenting bank?

  A. Sight draft
  B. Time draft
  C. Date draft
  D. Exchange draft
  A. Sight draft

• Question 273:

  A supply chain manager is revising their organization's supply chain strategy with a greater emphasis on collaborative supply chain relationships. Which of the following barriers poses the greatest impediment to implementing their new strategy?

  A. Internal operational silos
  B. Vendor language and time zone differences
  C. Transportation carrier's system limitations
  D. Enterprise resource planning (ERP) complexity
  A. Internal operational silos

• Question 274:

  As a means to protect domestic industries, which of the following requirements is an example of a non-trade barrier?

  A. Requesting a mandatory consular invoice
  B. Utilizing Convention on International Sale of Goods (CISG)
  C. Mandating compliance with triple bottom line (TBL)
  D. Demanding process efficiency
  C. Mandating compliance with triple bottom line (TBL)

• Question 275:

  Which of the following statements best describes why a firm would consider using a third-party logistics (3PL) provider to improve asset productivity?

  A. 3PLs have better control of supply chain functions.
  B. 3PLs are experts on issues related to security of shipments.
  C. 3PLs can bolster firms' internal capability.
  D. 3PLs are better at handling finished goods inventory.
  A. 3PLs have better control of supply chain functions.

• Question 276:

  Which of the following terms stipulates that individual shipments should be as large as the carrier can legally transport with the equipment being used?

  A. Bilateral agreement
  B. Cabotage agreement
  C. Quantity principle
  D. Freight consolidation
  C. Quantity principle

• Question 277:

  An ocean carrier's goal of maximizing total revenue of the entire ship by offering very competitive rates that cover their variable costs and then increasing rates according to what the traffic will bear is referred to as:

  A. any-quantity service rate
  B. value of service rate
  C. limited service rate
  D. incentive rate
  B. value of service rate

• Question 278:

  A third-party logistics (3PL) provider is planning an expansion of its transportation-based services. Which of the following services is the 3PL likely to offer as part of this expansion?

  A. Pool distribution
  B. Inventory management
  C. Cross-docking
  D. Customs brokerage
  C. Cross-docking

• Question 279:

  The task that best describes the value proposition offered by freight forwarders is that they:

  A. act as agents for domestic firms in international markets, primarily obtaining orders for their clients' products.
  B. export goods and services and locates overseas buyers on their clients' behalf.
  C. consolidate shipments from various customers and offer lower transportation rates.
  D. operate under power of attorney from the shipper to pay all import duties and are ultimately liable for unpaid duties.
  C. consolidate shipments from various customers and offer lower transportation rates.

• Question 280:

  The primary role of the World Trade Organization (WTO) is to:

  A. establish an international system of payment.
  B. stabilize international currency exchange rates.
  C. enforce free trade on a global basis.
  D. create global free trade agreements.
  D. create global free trade agreements.