APICS CLTD Online Practice Questions and Exam Preparation

APICS CLTD Online Questions & Answers

• Question 301:

  To prevent the importing of certain luxury good so that a country can use its hard currency on essential goods, governments can refuse to issue a(n):

  A. general average.
  B. specific license.
  C. explicit license.
  D. import license.
  C. explicit license.

• Question 302:

  Which of the following sets of elements are the major components of inventory carrying cost?

  A. Capital, storage space, inventory service, transportation
  B. Storage space, inventory service, inventory risk, transportation
  C. Capital, storage space, inventory service, inventory risk
  D. Capital, storage space, inventory service, distribution
  C. Capital, storage space, inventory service, inventory risk

• Question 303:

  Excluding cost, which of the following sets of criteria describes the primary drivers for transportation mode selection?

  A. Capacity, transit time, reliability, safety, and supply chain security participation
  B. Accessibility, capacity, transit time, reliability, and financial stability
  C. Accessibility, capacity, transit time, reliability, and safety
  D. Capacity, transit time, safety, supply chain security participation, and availability
  C. Accessibility, capacity, transit time, reliability, and safety

• Question 304:

  Which of the following parties play an integral role during the transportation process?

  A. Carriers, shippers, consignees, and financial institutions
  B. Carriers, consignees, freight brokers, and financial institutions
  C. general public, carriers, warehouses, and shippers
  D. Government, general public, shippers, and consignees
  D. Government, general public, shippers, and consignees

• Question 305:

  Which of the following situations best describes when duty drawbacks can be granted?

  A. A manufacturer minimally transforms imports, making products that are then exported.
  B. A distributor resells imported products.
  C. All of the raw materials are imported, a product is created, and then sold domestically.
  D. An exported product has significant domestic content.
  A. A manufacturer minimally transforms imports, making products that are then exported.

• Question 306:

  Which of the following frameworks represents a global best practice for reporting on a range of economic, environmental, and social impacts?

  A. ISO 14001
  B. Anti-Bribery Convention
  C. United Nations (UN) Global Compact
  D. Global Reporting Initiative (GRI)
  D. Global Reporting Initiative (GRI)

• Question 307:

  Which of the following statements best illustrates the logistics value proposition?

  A. It is based on cost minimization or revenue maximization.
  B. It primarily involves transportation, planning, and execution.
  C. It integrates operational components to minimize total cost and maximize revenue.
  D. It includes procurement, manufacturing, and facility network design.
  D. It includes procurement, manufacturing, and facility network design.