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APICS CLTD - Certified in Logistics, Transportation and Distribution

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Total 150 questions

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?

A.

Open

B.

Special cargo

C.

All-risks

D.

Warehouse to warehouse

Which of the following forms of supply chain risk is considered the most disruptive?

A.

Supply

B.

Process

C.

Finance

D.

Environment

Which of the following supply chain risk management maturity model attributes provides visibility to impending disruptions and enables the establishment of effective, preventive, and mitigation plans?

A.

Visibility

B.

Predictability

C.

Resiliency

D.

Sustainability

An organization encourages proactive internal design efforts and collaboration with supply chain partners in order to consume less raw materials. This business practice reflects which of the following dimensions of sustainability?

A.

Education

B.

Ethics

C.

Economics

D.

Environmental

A developing country would like to improve its trade relations with Europe by updating its port infrastructure. Which international organization would help fund the project?

A.

The Bank for International Settlements

B.

The World Bank

C.

The Central Bank

D.

The International Monetary Fund

A vessel operating under the threat of piracy or hostile military action is protected by the

A.

United Nations (UN) military forces.

B.

country closest to the vessel at the time of attack.

C.

shipping company registry.

D.

naval forces of the flag of registry.

Triple bottom line (TBL) refers to balancing the following impacts:

A.

economic, social, and environmental.

B.

environmental, ecological,and ethical.

C.

social environmental,and regulatory.

D.

financial, economic, and social.

A carrier takes three weeks to deliver a product which has average sales of 1,000 units per week. The unit cost is $20 each and the carrying cost is 15%. What is the savings in the transportation inventory cost if management decides to change the mode of transportation to decrease delivery time to one week?

A.

$2,000

B.

S3,000

C.

$6,000

D.

$9,000

An oil and gas company needs to ship petrol 1.000 miles from the port of entry to an inland refinery. Which of the following modes of transportation provides the best long-term, cost-efficient solution?

A.

Rail

B.

Trucking

C.

Pipeline

D.

Barge

Higher throughput operations enable private warehouses to:

A.

spread out variable costs over large output volumes.

B.

spread out fixed costs over large output volumes.

C.

allocate total unit costs on the basis of traffic volume.

D.

accomplish better facility utilization with declining overheads.