APICS CLTD Online Practice Questions and Exam Preparation

APICS CLTD Online Questions & Answers

• Question 61:

  Which of the following dimensions compose the full scope of supply chain sustainability?

  A. Modes, network, finance, and materials
  B. Efficiency, eco-friendly, economic, and education
  C. Energy, risk, social responsibility, and waste management
  D. Economic, environment, education, and ethics
  C. Energy, risk, social responsibility, and waste management

• Question 62:

  A logistics service provider has an average on-time delivery of 30%, and average correct documentation of 30%. Which of the following values represents the probability that the next delivery would be on-time, damage free, and with correct documentation?

  A. 0%
  B. 3%
  C. 30%
  D. 90%
  D. 90%

• Question 63:

  Which of the following statements represents the primary function of inventory?

  A. Make products available while minimizing total carrying cost
  B. Realize economies of scale while minimizing total carrying cost
  C. Reduce ordering cost while minimizing total carrying cost
  D. Buffer against delivery time while minimizing total carrying cost
  D. Buffer against delivery time while minimizing total carrying cost

• Question 64:

  Which of the following costs are the most intangible and subjective of all the carrying cost elements?

  A. Risk cost
  B. Storage cost
  C. Service cost
  D. Capital cost
  D. Capital cost

• Question 65:

  The primary purpose of a warehouse layout should be to:

  A. reduce warehouse floor area.
  B. facilitate product flow.
  C. increase storage area.
  D. maximize personnel productivity.
  B. facilitate product flow.

• Question 66:

  A company does not want to use its cash flow to entirely cover the risk of loss. Which of the following risk management strategies should you choose?

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

• Question 67:

  Which of the following international commercial documents represents a quote used by the issuing bank to open the letter of credit (L/C)?

  A. Consular invoice
  B. Pro forma invoice
  C. Commercial invoice
  D. Shipper's export declaration
  B. Pro forma invoice

• Question 68:

  An agricultural corporation must receive permission from the Country X government to export rice to Country Y because Country Y has an import quota on Country X's rice. The document used to provide this permission is called a:

  A. merchandise visa.
  B. duty drawback.
  C. merchandise duty.
  D. customs bond.
  C. merchandise duty.

• Question 69:

  A non-profit transportation membership cooperative that arranges for the domestic or international shipment of member's cargo over any mode of transportation is known as a(n):

  A. freight bureau.
  B. freight broker association.
  C. shipper's association.
  D. integrated service provider.
  C. shipper's association.

• Question 70:

  The U.S. initiative to deregulate transportation extended globally, resulting in four significant global changes. Which is one of the global changes?

  A. Carrier nationalization
  B. Intermodal ownership and operation
  C. Single transport mode
  D. Reduced port and airport congestion
  B. Intermodal ownership and operation