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APICS CLTD Practice Test - Questions Answers, Page 6

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List of questions

Question 51

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

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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?

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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:

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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):

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Question 55

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

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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?

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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?

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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:

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Question 59

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Higher throughput operations enable private warehouses to:

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Question 60

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

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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