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APICS CLTD Practice Test - Questions Answers, Page 3

Question list

List of questions

Question 21

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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

Question 22

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Given the data below, calculate the reorder point (ROP). Average daily demand = 30 units/day Lead time = 4 days Safety stock = 20

Question 23

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According to the Theory of Comparative Advantage, which of the following reasons justifies a country to export a product?

Question 24

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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):

Question 25

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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?

Question 26

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In the economic utility function of logistics, logistics adds:

Question 27

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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

Question 28

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Which of the following prerequisites is essential in order to establish an effective order management system?

Question 29

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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?

Question 30

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An organization concentrating its efforts on meeting the internal performance standards related to availability, operational performance, and reliability has focused on which of the following aspect

Question 21

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?

Internal operational silos

Vendor language and time zone differences

Transportation carrier’s system limitations

Enterprise resource planning (ERP) complexity

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Question 22

Given the data below, calculate the reorder point (ROP).

Average daily demand = 30 units/day

Lead time = 4 days Safety

stock = 20

30 units

8 units

120 units

140 units

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Question 23

According to the Theory of Comparative Advantage, which of the following reasons justifies a country to export a product?

The exporting country produces the product utilizing less labor than other countries.

The exporting country’s wage rate in producing the good is lower than in other countries.

The exporting country’s productivity is higher in producing the good than the productivity of other countries.

The exporting country’s cost of producing the good, relative to other goods, is at least as low as in other countries.

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Question 24

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):

freight bureau.

freight broker association.

shipper’s association.

integrated service provider.

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Question 25

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?

The shipper is integrating its shipping needs and the carrier is integrating its market power to achieve better contract terms individually.

The shipper and the carrier are attempting to understand each other’s needs to create mutually beneficial contract terms.

The shipper and the carrier are making an integrated effort to make extreme demands followed up by small, slow concessions.

The shipper and the carrier are in direct conflict with each other’s goals and are attempting to take advantage of each other.

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Question 26

In the economic utility function of logistics, logistics adds:

form and time utilities to products, while other activities add place and possession utilities.

possession and place utilities to products, while other activities add form and possession utilities.

place and time utilities to products, while other activities add form and possession utilities.

possession and form utilities to products, while other activities add time and place utilities.

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Question 27

$4.4 million

$5 million

$7 millionD. $7.6 million.

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Question 28

Which of the following prerequisites is essential in order to establish an effective order management system?

An ability to reserve inventory and determine a delivery date

An ability to understand customer needs

An ability to plan and build loads

An ability to receive, enter, and validate an orders

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Question 29

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?

Retail consumers and vendors

Retailer and its suppliers

Retailer and its buyers

Retail consumers and retailers

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An organization concentrating its efforts on meeting the internal performance standards related to availability, operational performance, and reliability has focused on which of the following aspects of the customer relationship?

Customer service

Customer satisfaction

Customer loyalty

Customer success

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Total 150 questions