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APICS CLTD Practice Test - Questions Answers, Page 7

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Question 61

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Compared to a centralized distribution network strategy, an organization using a decentralized distribution network strategy can usually expect:

lower cost of lost sales and higher inventory cost
lower cost of lost sales and higher inventory cost
higher cost of lost sales and higher inventory cost.
higher cost of lost sales and higher inventory cost.
lower cost of transportation and lower warehousing cost.
lower cost of transportation and lower warehousing cost.
higher cost of transportation and lower warehousing cost.
higher cost of transportation and lower warehousing cost.
Suggested answer: C
asked 16/09/2024
JEAN-MARIE HERMANT
34 questions

Question 62

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A company would like to eliminate unnecessary returns and/or minimize handling. It designs a process to check and screen merchandise at the entry point into the organization. This is an example of:

defect reduction
defect reduction
avoidance
avoidance
gatekeeping
gatekeeping
asset recovery
asset recovery
Suggested answer: C
asked 16/09/2024
Soma Ismael Bola
41 questions

Question 63

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The scope of logistics includes transportation:

order processing, inventory carrying costs, and production output.
order processing, inventory carrying costs, and production output.
inventory carrying costs, warehousing, and cost management.
inventory carrying costs, warehousing, and cost management.
manufacturing, customer accommodation, and purchasing.
manufacturing, customer accommodation, and purchasing.
inventory carrying costs, order processing, and warehousing.
inventory carrying costs, order processing, and warehousing.
Suggested answer: B
asked 16/09/2024
Jelle Kamp
47 questions

Question 64

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The surcharge applied by shipping lines to sea freight to offset adverse variation in fuel cost is called:

repositioning charge
repositioning charge
peak season surcharge
peak season surcharge
currency adjustment factor
currency adjustment factor
bunker adjustment factor
bunker adjustment factor
Suggested answer: B
asked 16/09/2024
Mehdi BELGAS
54 questions

Question 65

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The allocation of revenues and costs to customer segments or individual customers in order to estimate segment value is known as:

customer relationship management (CRM).
customer relationship management (CRM).
customer profitability analysis.
customer profitability analysis.
customer service analysis.
customer service analysis.
customer standardization analysis.
customer standardization analysis.
Suggested answer: A
asked 16/09/2024
Soma Ismael Bola
41 questions

Question 66

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A major retailer has informed a product manufacturer that they must take back all of their dunnage. The manufacturer’s major decision in implementing reverse logistics will most likely be to:

manage the process internally or outsource to a third party.
manage the process internally or outsource to a third party.
take back the dunnage or tell the retailer to destroy it all.
take back the dunnage or tell the retailer to destroy it all.
reduce packaging materials to save money but risk more damage.
reduce packaging materials to save money but risk more damage.
increase the selling price to the retailer to cover increased costs.
increase the selling price to the retailer to cover increased costs.
Suggested answer: A
asked 16/09/2024
takasuka masahide
43 questions

Question 67

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Which of the following terms refer to the contract leasing of an airplane where only the equipment, maintenance, and insurance are include?

Wet lease
Wet lease
Dry lease
Dry lease
Damp lease
Damp lease
ACMI lease
ACMI lease
Suggested answer: A
asked 16/09/2024
Lester Ballesteros
46 questions

Question 68

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A company is considering implementing collaborative planning, forecasting, and replenishment (CPFR). Which of the following statements best reflects one of the objectives of CPFR?

It represents a sequence of business processes between consumers and retailers.
It represents a sequence of business processes between consumers and retailers.
It replaces traditional forecasting methods with a shared single forecast among trading partners.
It replaces traditional forecasting methods with a shared single forecast among trading partners.
It represents a sequence of business processes within the manufacturing environment.
It represents a sequence of business processes within the manufacturing environment.
It replaces traditional inventory management procedures with a vendor-managed (VMI) system.
It replaces traditional inventory management procedures with a vendor-managed (VMI) system.
Suggested answer: A
asked 16/09/2024
Giulia Maggio
43 questions

Question 69

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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?

Truck and rail
Truck and rail
truck and air
truck and air
Air and rail
Air and rail
Air and ocean
Air and ocean
Suggested answer: C
asked 16/09/2024
William Takashi Chan
38 questions

Question 70

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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?

FOB destination, freight collect
FOB destination, freight collect
FOB destination, freight prepaid
FOB destination, freight prepaid
FOB origin, freight prepaid
FOB origin, freight prepaid
FOB origin, freight collect
FOB origin, freight collect
Suggested answer: B
asked 16/09/2024
Mithun E
55 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