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APICS CLTD Exam Practice Questions (P. 3)

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Question #21
A supply chain manager is revising their organization's supply chain strategy with a greater emphasis on collaborative supply chain relationships.
Which of the following barriers poses the greatest impediment to implementing their new strategy?
  1. A
    Internal operational silos
  2. B
    Vendor language and time zone differences
  3. C
    Transportation carrier's system limitations
  4. D
    Enterprise resource planning (ERP) complexity

Correct Answer:
B

Question #22
Given the data below, calculate the reorder point (ROP).
Average daily demand = 30 units/day

Lead time = 4 days -

Safety stock = 20 -
  1. A
    30 units
  2. B
    8 units
  3. C
    120 units
  4. D
    140 units

Correct Answer:
D

Question #23
According to the Theory of Comparative Advantage, which of the following reasons justifies a country to export a product?
  1. A
    The exporting country produces the product utilizing less labor than other countries.
  2. B
    The exporting country's wage rate in producing the good is lower than in other countries.
  3. C
    The exporting country's productivity is higher in producing the good than the productivity of other countries.
  4. D
    The exporting country's cost of producing the good, relative to other goods, is at least as low as in other countries.

Correct Answer:
A

Question #24
A non-profit transportation membership cooperative that arranges for the domestic or international shipment of member's cargo over any mode of transportation is known as a(n):
  1. A
    freight bureau.
  2. B
    freight broker association.
  3. C
    shipper's association.
  4. D
    integrated service provider.

Correct Answer:
C

Question #25
Which of the following statements best reflects the intent of a shipper and a carrier who are negotiating a contract utilizing the integrative bargaining technique?
  1. A
    The shipper is integrating its shipping needs and the carrier is integrating its market power to achieve better contract terms individually.
  2. B
    The shipper and the carrier are attempting to understand each other's needs to create mutually beneficial contract terms.
  3. C
    The shipper and the carrier are making an integrated effort to make extreme demands followed up by small, slow concessions.
  4. D
    The shipper and the carrier are in direct conflict with each other's goals and are attempting to take advantage of each other.

Correct Answer:
A

Question #26
In the economic utility function of logistics, logistics adds:
  1. A
    form and time utilities to products, while other activities add place and possession utilities.
  2. B
    possession and place utilities to products, while other activities add form and possession utilities.
  3. C
    place and time utilities to products, while other activities add form and possession utilities.
  4. D
    possession and form utilities to products, while other activities add time and place utilities.

Correct Answer:
C

Question #27
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:
  1. A
    $4.4 million
  2. B
    $5 million
  3. C
    $7 million
  4. D
    $7.6 million.

Correct Answer:
D

Question #28
Which of the following prerequisites is essential in order to establish an effective order management system?
  1. A
    An ability to reserve inventory and determine a delivery date
  2. B
    An ability to understand customer needs
  3. C
    An ability to plan and build loads
  4. D
    An ability to receive, enter, and validate an orders

Correct Answer:
C

Question #29
In a retail firm's implementation of vendor-managed inventory (VMI), what trading partners are responsible for setting target inventory levels and making restocking decisions?
  1. A
    Retail consumers and vendors
  2. B
    Retailer and its suppliers
  3. C
    Retailer and its buyers
  4. D
    Retail consumers and retailers

Correct Answer:
B

Question #30
An organization concentrating its efforts on meeting the internal performance standards related to availability, operational performance, and reliability has focused on which of the following aspects of the customer relationship?
  1. A
    Customer service
  2. B
    Customer satisfaction
  3. C
    Customer loyalty
  4. D
    Customer success

Correct Answer:
B

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