APICS CLTD Exam Questions Instant Access - No Installation Required

Question 1

A motor carrier is in a dispute with a customer over who is responsible for unloading goods at the customer's location. Which of the following documents would be used to resolve the dispute?

AFreight bill

BBill of lading (B/L)

CRouting guide

DDomestic terms of sale

Answer : D

Question 2

Selecting a third-party logistics (3PL) or fourth-party logistics (4PL) provider is an example of a(n):

Astrategic alliance.

Bjoint venture.

Cacquisition.

Dinternal function.

Answer : B

Question 3

According to the Theory of Comparative Advantage, which of the following reasons justifies a country to export a product?

AThe exporting country produces the product utilizing less labor than other countries.

BThe exporting country's wage rate in producing the good is lower than in other countries.

CThe exporting country's productivity is higher in producing the good than the productivity of other countries.

DThe exporting country's cost of producing the good, relative to other goods, is at least as low as in other countries.

Answer : A

Question 4

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 5

Which of the following factors would be the greatest challenge for a firm planning to ship goods internationally by truck1?

AVariable cost of fuel

BUnpredictable weather and climate

CVariations in road conditions

DComplex rules and regulations

Answer : D

Question 6

In addition to declaring the origin of goods, a certificate of origin is used to determine the:

Aexport declaration.

Bcost of transportation.

Cstandard cost.

Dapplied tariff.

Answer : A

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 Certified in Logistics, Transportation and Distribution CLTD Exam Questions