Download Certification in Logistics, Transportation and Distribution.CLTD.Pass4sures.2019-01-09.92q.vcex

Vendor: APICS
Exam Code: CLTD
Exam Name: Certification in Logistics, Transportation and Distribution
Date: Jan 09, 2019
File Size: 90 KB
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Demo Questions

Question 1
In addition to declaring the origin of goods, a certificate of origin is used to determine the:
  1. export declaration
  2. cost of transportation
  3. standard cost
  4. applied tariff
Correct answer: A
Question 2
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?
  1. Internal operational silos
  2. Vendor language and time zone differences
  3. Transportation carrier’s system limitations
  4. Enterprise resource planning (ERP) complexity
Correct answer: B
Question 3
Given the data below, calculate the reorder point (ROP). 
Average daily demand = 30 units/day 
Lead time = 4 days 
Safety stock = 20
  1. 30 units
  2. 8 units
  3. 120 units
  4. 140 units
Correct answer: D
Question 4
According to the Theory of Comparative Advantage, which of the following reasons justifies a country to export a product?
  1. The exporting country produces the product utilizing less labor than other countries.
  2. The exporting country’s wage rate in producing the good is lower than in other countries.
  3. The exporting country’s productivity is higher in producing the good than the productivity of other countries.
  4. The exporting country’s cost of producing the good, relative to other goods, is at least as low as in other countries.
Correct answer: A
Question 5
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):
  1. freight bureau.
  2. freight broker association.
  3. shipper’s association.
  4. integrated service provider.
Correct answer: C
Question 6
Which of the following statements best reflects the intent of a shipper and a carrier who are negotiating a contract utilizing the integrative bargaining technique?
  1. The shipper is integrating its shipping needs and the carrier is integrating its market power to achieve better contract terms individually.
  2. The shipper and the carrier are attempting to understand each other’s needs to create mutually beneficial contract terms.
  3. The shipper and the carrier are making an integrated effort to make extreme demands followed up by small, slow concessions.
  4. The shipper and the carrier are in direct conflict with each other’s goals and are attempting to take advantage of each other.
Correct answer: A
Question 7
In the economic utility function of logistics, logistics adds:
  1. form and time utilities to products, while other activities add place and possession utilities.
  2. possession and place utilities to products, while other activities add form and possession utilities.
  3. place and time utilities to products, while other activities add form and possession utilities.
  4. possession and form utilities to products, while other activities add time and place utilities.
Correct answer: C
Question 8
A corporation is projecting annual sales at $35 million, cost of goods sold (COGS) at $25 million, and administrative expenses at $3 million. In order to meet its corporate inventory turns goal of 5.0, their inventory level must average:
  1. $4.4 million
  2. $5 million
  3. $7 million
  4. $7.6 million.
Correct answer: D
Question 9
Which of the following prerequisites is essential in order to establish an effective order management system?
  1. An ability to reserve inventory and determine a delivery date
  2. An ability to understand customer needs
  3. An ability to plan and build loads
  4. An ability to receive, enter, and validate an orders
Correct answer: C
Question 10
In a retail firm’s implementation of vendor-managed inventory (VMI), what trading partners are responsible for setting target inventory levels and making restocking decisions?
  1. Retail consumers and vendors
  2. Retailer and its suppliers
  3. Retailer and its buyers
  4. Retail consumers and retailers
Correct answer: B
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