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APICS CLTD Practice Test - Questions Answers, Page 3

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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 impediment to implementing their new strategy?

Internal operational silos
Internal operational silos
Vendor language and time zone differences
Vendor language and time zone differences
Transportation carrier’s system limitations
Transportation carrier’s system limitations
Enterprise resource planning (ERP) complexity
Enterprise resource planning (ERP) complexity
Suggested answer: B
asked 16/09/2024
Shadi Akou
38 questions

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

30 units
30 units
8 units
8 units
120 units
120 units
140 units
140 units
Suggested answer: D
asked 16/09/2024
Yrae Franca de Pinho Gomes
55 questions

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?

The exporting country produces the product utilizing less labor than other countries.
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 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 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.
The exporting country’s cost of producing the good, relative to other goods, is at least as low as in other countries.
Suggested answer: A
asked 16/09/2024
Yuri Mitrofanov
49 questions

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):

freight bureau.
freight bureau.
freight broker association.
freight broker association.
shipper’s association.
shipper’s association.
integrated service provider.
integrated service provider.
Suggested answer: C
asked 16/09/2024
Mohamed Mohamed
53 questions

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?

The shipper is integrating its shipping needs and the carrier is integrating its market power to achieve better contract terms individually.
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 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 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.
The shipper and the carrier are in direct conflict with each other’s goals and are attempting to take advantage of each other.
Suggested answer: A
asked 16/09/2024
David Aghaegbuna
50 questions

Question 26

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In the economic utility function of logistics, logistics adds:

form and time utilities to products, while other activities add place and possession utilities.
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.
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.
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.
possession and form utilities to products, while other activities add time and place utilities.
Suggested answer: C
asked 16/09/2024
Hairul Isman Abdul Gaffar
43 questions

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 5.0, their inventory level must average:

$4.4 million
$4.4 million
$5 million
$5 million
$7 millionD. $7.6 million.
$7 millionD. $7.6 million.
Suggested answer:
asked 16/09/2024
Justin Whelan
38 questions

Question 28

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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 reserve inventory and determine a delivery date
An ability to understand customer needs
An ability to understand customer needs
An ability to plan and build loads
An ability to plan and build loads
An ability to receive, enter, and validate an orders
An ability to receive, enter, and validate an orders
Suggested answer: C
asked 16/09/2024
Hayat Hassan
50 questions

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?

Retail consumers and vendors
Retail consumers and vendors
Retailer and its suppliers
Retailer and its suppliers
Retailer and its buyers
Retailer and its buyers
Retail consumers and retailers
Retail consumers and retailers
Suggested answer: B
asked 16/09/2024
Pooja Pendyala
41 questions

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 aspects of the customer relationship?

Customer service
Customer service
Customer satisfaction
Customer satisfaction
Customer loyalty
Customer loyalty
Customer success
Customer success
Suggested answer: B
asked 16/09/2024
Russell James
44 questions
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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