APICS CLTD Exam Practice Test Instant Access

Question 1

A company wishes to ship large quantities via ocean freight utilizing the entire vessel capacity. The most appropriate contract of carriage to use is a:

Abill of lading (B/L).

Bwet lease.

Ccharter party.

Dletter of credit.

Answer : C

Question 2

A logistics manager is developing a supply chain risk management plan incorporating contingency plans for alternatives to transportation failures. Which of the following factors best represents this approach?

AAvoidance

BAcceptance

CMitigation

DRedundancy

Answer : A

Question 3

In an effort to increase their customer service levels and reduce order cycle time, a company is considering adding two additional warehouses to their overall operations. As a result, which of the of the following statements best reflects the cost impact of the additional warehouses?

ALower inventory costs and higher facility costs

BHigher inventory costs and lower facility costs

CHigher inventory costs and higher inbound transportation costs

DLower inventory costs and lower inbound transportation costs

Answer : A

Question 4

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?

AThe shipper is integrating its shipping needs and the carrier is integrating its market power to achieve better contract terms individually.

BThe shipper and the carrier are attempting to understand each other's needs to create mutually beneficial contract terms.

CThe shipper and the carrier are making an integrated effort to make extreme demands followed up by small, slow concessions.

DThe shipper and the carrier are in direct conflict with each other's goals and are attempting to take advantage of each other.

Answer : A

Question 5

Which of the following types of benchmarking would a company utilize in order to determine why a significant gap exists in its order fill rates?

APerformance benchmarking

BProcess benchmarking

CProduct benchmarking

DStrategic benchmarking

Answer : B

Question 6

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

Alower cost of lost sales and higher inventory cost.

Bhigher cost of lost sales and higher inventory cost.

Clower cost of transportation and lower warehousing cost.

Dhigher cost of transportation and lower warehousing cost.

Answer : C

Question 7

To prevent the importing of certain luxury good so that a country can use its hard currency on essential goods, governments can refuse to issue a(n)

Ageneral average.

Bspecific license.

Cexplicit license.

Dimport license.

Answer : C

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