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APICS CLTD Practice Test - Questions Answers, Page 6

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Question 51

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Which of the following outcomes of warehouse operations is the most critical in designing a warehouse?

Optimizing product flow
Optimizing product flow
Minimizing warehousing cost
Minimizing warehousing cost
Increasing inventory counting
Increasing inventory counting
Maximizing automation
Maximizing automation
Suggested answer: C
asked 16/09/2024
Michael Grisonichi
44 questions

Question 52

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Which of the following terms of payment should an international purchasing manager use to guarantee that the shipment is made and the shipper gets paid for their product?

Letter of credit
Letter of credit
Open account
Open account
Sight draft
Sight draft
Cash in advance
Cash in advance
Suggested answer: D
asked 16/09/2024
selvaram vijayaragavan
45 questions

Question 53

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A document that serves as a contract, a receipt, and a certificate of title in an international transaction is known as a:

certificate of origin
certificate of origin
manifest
manifest
packing list
packing list
bill of lading (B\L)
bill of lading (B\L)
Suggested answer: D
asked 16/09/2024
Yrae Franca de Pinho Gomes
55 questions

Question 54

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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):

commercial invoice
commercial invoice
pro forma invoice
pro forma invoice
export license
export license
consular invoice
consular invoice
Suggested answer: A
asked 16/09/2024
Komalaharshini Basireddygari
48 questions

Question 55

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A vessel operating under the threat of piracy or hostile military action is protected by the:

United Nations (UN) military forces.
United Nations (UN) military forces.
country closest to the vessel at the time of attack.
country closest to the vessel at the time of attack.
shipping company registry.
shipping company registry.
naval forces of the flag of registry.
naval forces of the flag of registry.
Suggested answer: D
asked 16/09/2024
Justin Bake
49 questions

Question 56

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APICS CLTD image Question 56 16462 09162024185501000000

A company has prioritized A, B, and C, filling orders in that sequence. What are the impact to customer service levels for customers B and C?

100% service levels for B and C
100% service levels for B and C
Customer B has higher service level
Customer B has higher service level
Customer C has higher service level
Customer C has higher service level
Customer B and C have the same service level
Customer B and C have the same service level
Suggested answer: B
asked 16/09/2024
Feroz Khan
51 questions

Question 57

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Which of the following modes of transportation is characterized as having the highest fixed cost and lowest variable cost?

Air
Air
Water
Water
Rail
Rail
Pipeline
Pipeline
Suggested answer: D
asked 16/09/2024
Sumit Sengupta
46 questions

Question 58

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Procurement professional are focused on the total cost of ownership (TCO) in their vendor selection strategies. This implies that:

procurement is now increasingly charged with pushing back inventory to vendors.
procurement is now increasingly charged with pushing back inventory to vendors.
there is increased consideration of trade-offs among purchase price, quality, and vendor capability.
there is increased consideration of trade-offs among purchase price, quality, and vendor capability.
procurement is decreasing its emphasis on the importance of vendor certification and audit programs.
procurement is decreasing its emphasis on the importance of vendor certification and audit programs.
there is increased emphasis on procuring at the lowest purchase price possible.
there is increased emphasis on procuring at the lowest purchase price possible.
Suggested answer: C
asked 16/09/2024
Pavol Adamcin
40 questions

Question 59

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Higher throughput operations enable private warehouses to:

spread out variable costs over large output volumes
spread out variable costs over large output volumes
spread out fixed costs over large output volumes.
spread out fixed costs over large output volumes.
allocate total unit costs on the basis of traffic volume.
allocate total unit costs on the basis of traffic volume.
accomplish better facility utilization with declining overheads.
accomplish better facility utilization with declining overheads.
Suggested answer: D
asked 16/09/2024
Wojciech Oleksiak
39 questions

Question 60

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Which of the following activities best describes the functionality of decoupling stock within firms’ inventory systems?

Separation of the manufacturing process from order processing
Separation of the manufacturing process from order processing
Separation of the manufacturing process from the selling process.
Separation of the manufacturing process from the selling process.
Maintaining inventory to accommodate uncertainty in demand at different geographical positions.
Maintaining inventory to accommodate uncertainty in demand at different geographical positions.
Maintaining inventory at a central location for all stages of the value-creation process.
Maintaining inventory at a central location for all stages of the value-creation process.
Suggested answer: A
asked 16/09/2024
Andrew Staton
44 questions
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Related questions

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