APICS CLTD Online Practice Questions and Exam Preparation

APICS CLTD Online Questions & Answers

• Question 291:

  A trucking company purchased a tractor-trailer for $150,000 to support its short-haul business. The tractor-trailer will be in service for 5 years before it will be sold at $55,000. With annual fuel costs estimated at $12,000, what is the annual depreciation for the vehicle?

  A. $7,000
  B. $11,000
  C. $19,000
  D. $30,000
  C. $19,000

• Question 292:

  In addition to order placement and order processing, which of the following steps are part of the order management process?

  A. Order preparation and loading and order picking
  B. Order preparation and loading and order delivery
  C. Order transit time and order returns
  D. Order transit time and customer receiving
  B. Order preparation and loading and order delivery

• Question 293:

  A company that has developed a multi-channel marketing system has responded to improving which of the following dimensions of customer service?

  A. Time
  B. Communication
  C. Convenience
  D. Dependability
  C. Convenience

• Question 294:

  A manufacturing company agrees to export tools to a Chinese company using a letter of credit (L/C). Which of the following entities guarantees the payment for the tools?

  A. A bank
  B. The Chinese company
  C. A credit insurance company
  D. A beneficiary
  A. A bank

• Question 295:

  The first step a company would typically take when designing and implementing a cycle count program is to:

  A. segment all available inventory by velocity, value, or other criteria.
  B. stop operations in order to conduct a physical inventory.
  C. reconcile discrepancies within the warehouse management system (WMS).
  D. hire an outside company to conduct the cycle count program.
  A. segment all available inventory by velocity, value, or other criteria.

• Question 296:

  By international convention, each vessel engaged in international trade would typically:

  A. be insured by the World Trade Organization.
  B. fly the flag of the country in which the cargo is registered.
  C. fly the flag of the country in which the vessel is registered.
  D. be registered in the country where the cargo is being shipped.
  A. be insured by the World Trade Organization.

• Question 297:

  Conducting a spend analysis exercise is usually associated with:

  A. procurement.
  B. strategic sourcing.
  C. outsourcing.
  D. make-or-buy analysis.
  B. strategic sourcing.

• Question 298:

  Which of the following options may be required if a country restricts the export of rare earth elements?

  A. Export quota
  B. Embargo
  C. Export license
  D. Certificate of origin
  C. Export license

• Question 299:

  A company currently has a significantly long lead time in determining the disposition of returned products. Which of the following non-procedural areas should the company look into as it performs a root cause analysis?

  A. Financial department to see if the sales personnel are reluctant to charge the returns to sales
  B. Quality department to see if the process for determining disposition is inefficient
  C. Customer service department to see if they are taking a long time to address customer concerns
  D. Material handling department to see if it is taking excessive time to handle defective product
  D. Material handling department to see if it is taking excessive time to handle defective product

• Question 300:

  Which of the following techniques is most commonly used for cycle counting of inventory?

  A. Controlled sample
  B. Occurrence of purchased order receipts
  C. ABC classification
  D. Product negative balance
  A. Controlled sample