APICS CLTD Practice Test - Questions Answers, Page 7

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:

The scope of logistics includes transportation:

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

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

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:

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

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

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?

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?