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APICS CLTD Practice Test - Questions Answers, Page 13

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Which of the following statements best describes the primary objective of most warehouses?
A planning process specifically designed to balance demand and supply within an organization and arrive at a consensus forecast is known as:
A company is sending a shipment to its customer in Italy. It elects to pay the freight and be responsible for any liability and damage claims. Which of the following free on board (FOB) terms is the company using?
The allocation of revenues and costs to customer segments or individual customers in order to estimate segment value is known as:
Higher throughput operations enable private warehouses to:
The international commercial document that serves as a quote to obtain a letter of credit or an import license is called a(n):
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:
A company setting up a warehouse wants to maintain a first in, first out (FIFO) stock rotation. Which of the following storage systems should they utilize?
A transportation manager is interested in selecting the optimal mode of transportation based on 3 key criteria: speed, availability, and dependability. Which of the following modes best meets the criteria?
Given the data below, calculate the reorder point (ROP). Average daily demand = 30 units/day Lead time = 4 days Safety stock = 20

Question 121

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In building a daily route schedule, which of the following factors provides the greatest challenge for a transportation manager?

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Question 122

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

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Question 123

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

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Question 124

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Which of the following items undermines the attempts to simplify transportation pricing?

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Question 125

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When looking at on organization’s logistics system, which of the following expenses is the single largest variable cost?

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Question 126

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Which of the following inventory cost elements is the most difficult to quantify?

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Question 127

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Which of the following statements best describes the relationship between order cycle time and inventory?

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Question 128

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

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Question 129

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

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Question 130

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Triple bottom line (TBL) refers to balancing the following impacts:

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