APICS CLTD Exam Practice Test Instant Access

Question 1

Which of the following sets of elements are the major components of inventory carrying cost?

ACapital, storage space, inventory service, transportation

BStorage space, inventory service, inventory risk, transportation

CCapital, storage space, inventory service, inventory risk

DCapital, storage space inventory service, distribution

Answer : C

Question 2

Which of the following costs represents an example of a fixed cost in the motor carrier industry?

AVehicle registration

BFuel

CMaintenance

DTerminals

Answer : A

Question 3

An international organization has a pricing strategy that allows it to sell its product at different prices depending on the country where the product is sold. Which of the following unintended consequences is a result of this strategy?

ACounterfeit products in the supply chain

BGray market products in the supply chain

CHostile takeover by a conglomerate

DDecrease in profits due to variable revenues

Answer : A

Question 4

A manager would like to insure marine cargo for a 12-month period. Which of the following policies would be best to provide coverage for all of the shipment during this period?

AOpen

BSpecial cargo

CAll-risks

DWarehouse to warehouse

Answer : A

Question 5

Which of the following facility location techniques is equivalent to a break-even point?

AWeighted-factor rating method

BTransportation problem model

CCost volume analysis

DCenter-of-gravity method

Answer : C

Question 6

What facility location method has the advantage of analyzing both quantitative data and hard-to-evaluate criteria'?

ACenter-of-gravity

BFactor rating

CLocation and break-even analysis

DLeast-cost-per-lane

Answer : B

Question 7

A company that utilizes barges as a major mode of transportation would typically navigate in:

Aglobal maritime routes.

Bland bridges.

Cinland waterways.

Dintermodal transportation.

Answer : D

APICS CLTD Certified in Logistics, Transportation and Distribution Exam Practice Test