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APICS CLTD Practice Test - Questions Answers, Page 4

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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 31

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

strategic alliance
strategic alliance
joint venture
joint venture
acquisition
acquisition
internal function
internal function
Suggested answer: A
asked 16/09/2024
Florence Li
39 questions

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?

Rewrite the bill of lading (B\L).
Rewrite the bill of lading (B\L).
Make exception note on B\L from clean to uniform.
Make exception note on B\L from clean to uniform.
Make an exception note on B\L from clean to soiled.
Make an exception note on B\L from clean to soiled.
Reject the B\L.
Reject the B\L.
Suggested answer: C
asked 16/09/2024
Fatmata Kabba
51 questions

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?

Cross-docking
Cross-docking
Consolidation
Consolidation
Break-bulk
Break-bulk
Integration
Integration
Suggested answer: A
asked 16/09/2024
Ruggero Pozza
38 questions

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:

flow-through
flow-through
push-back
push-back
drive-in
drive-in
double-deep
double-deep
Suggested answer: C
asked 16/09/2024
Michael White
28 questions

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:

truckload (TL) carrier
truckload (TL) carrier
milk run provider
milk run provider
less-than-truckload (LTL) carrier
less-than-truckload (LTL) carrier
private fleet carrier
private fleet carrier
Suggested answer: A
asked 16/09/2024
AN KANGWOOK
46 questions

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:

any-quantity service rate
any-quantity service rate
value of service rate
value of service rate
limited service rate
limited service rate
incentive rate
incentive rate
Suggested answer: A
asked 16/09/2024
Juy Juy
39 questions

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?

Retention
Retention
Transfer
Transfer
Mixed
Mixed
Mitigation
Mitigation
Suggested answer: A
asked 16/09/2024
Michael Ulrich
41 questions

Question 38

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

Risk cost
Risk cost
Storage cost
Storage cost
Service cost
Service cost
Capital cost
Capital cost
Suggested answer: D
asked 16/09/2024
Maheshkumar Karuppaiah
34 questions

Question 39

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

advanced planning system (APS).
advanced planning system (APS).
inventory management system (IMS)C. transportation management system (TMS).
inventory management system (IMS)C. transportation management system (TMS).
warehouse management system (WMS).
warehouse management system (WMS).
Suggested answer:
asked 16/09/2024
Cristi Savin
50 questions

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:

routing and scheduling
routing and scheduling
material handling
material handling
facility planning
facility planning
packaging options
packaging options
Suggested answer: D
asked 16/09/2024
vladimir tolkunov
34 questions
Total 150 questions
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