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APICS CLTD Practice Test - Questions Answers, Page 4

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Question 31

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Selecting a third-party logistics (3PL) or fourth-party logistics (4PL) provider is an example of a(n):

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Question 32

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A carrier receives damaged goods. What actions best describes what the carrier should do so that it is not liable for the damages?

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Question 33

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A company’s distribution center receives material from a number of sources and combines them into exact quantities for a specific destination.

Which of the following functions is the distribution center providing?

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Question 34

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A corporation is redesigning its warehouse and has decided to use a rack system that allows each level to be accesses individually by placing pallets on wheeled frames. The rack system that best meets this criteria is:

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Question 35

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A tracking company picks up a shipment and takes it to a terminal where it is consolidated with over shipments going to the same city.

This trucking company is most likely a:

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Question 36

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An ocean carrier’s goal of maximizing total revenue of the entire ship by offering very competitive rates that cover their variable costs and then increasing rates according to what the traffic will bear is referred to as:

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Question 37

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When a company decides not to purchase insurance to cover a risk, it is pursuing what type of risk strategy?

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Question 38

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

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Question 39

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Random stocking can be greatly improved through the use of a(n):

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Question 40

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A manufacturer must consider the long-term effects of its products’ impact on the environment. A key product design consideration is:

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Related questions

Which of the following statements best describes the primary objective of most warehouses?
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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?
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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