Question 1

Which of the following factors would be considered of strategic importance to a firm's logistics function?

Accepted Answer

A)  A firm operates in a competitive oligopoly 
B)  Total cost of production 
C)  Production lead time 
D)  Order cycle time 
A)  A firm operates in a competitive oligopoly 
B)  Total cost of production 
C)  Production lead time 
D)  Order cycle time

Question 2

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:

Accepted Answer

A)  $4.4 million 
B)  $5 million 
C)  $7 million 
D)  $7.6 million. 
A)  $4.4 million 
B)  $5 million 
C)  $7 million 
D)  $7.6 million.

Question 3

Which of the following shipment modes in the most prone to packaging and product damage?

Accepted Answer

A)  Air 
B)  Truck 
C)  Water 
D)  Rail 
A)  Air 
B)  Truck 
C)  Water 
D)  Rail

Question 4

The primary factor that reduces the need for companies to improve transportation sustainability is:

Accepted Answer

A)  decreased time to implement regulations. 
B)  reduced packaging dimensions. 
C)  lower fuel prices. 
D)  more efficient tractors. 
A)  decreased time to implement regulations. 
B)  reduced packaging dimensions. 
C)  lower fuel prices. 
D)  more efficient tractors.

Question 5

A company's distribution center receives material from a number of sources and combines them into exact quantities for a specific destination. Which of the following functions is the distribution center providing?

Accepted Answer

A)  Cross-docking 
B)  Consolidation 
C)  Break-bulk 
D)  Integration 
A)  Cross-docking 
B)  Consolidation 
C)  Break-bulk 
D)  Integration

Question 6

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

Accepted Answer

A)  strategic alliance 
B)  joint venture 
C)  acquisition 
D)  internal function 
A)  strategic alliance 
B)  joint venture 
C)  acquisition 
D)  internal function

Question 7

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

Accepted Answer

A)  Variable cost of fuel 
B)  Unpredictable weather and climate 
C)  Variations in road conditions 
D)  Complex rules and regulations 
A)  Variable cost of fuel 
B)  Unpredictable weather and climate 
C)  Variations in road conditions 
D)  Complex rules and regulations

Question 8

A trucking company purchased a tractor-trailer for $150,000 to support its short-haul business. The tractor-trailer will be in service for 5 years before it will be sold at $55,000. With annual fuel costs estimated at $12,000, what is the annual depreciation for the vehicle?

Accepted Answer

A)  $7,000 
B)  $11,000 
C)  $19,000 
D)  $30,000 
A)  $7,000 
B)  $11,000 
C)  $19,000 
D)  $30,000

Question 9

When a company decides not to purchase insurance to cover a risk, it is pursuing what type of risk strategy?

Accepted Answer

A)  Retention 
B)  Transfer 
C)  Mixed 
D)  Mitigation 
A)  Retention 
B)  Transfer 
C)  Mixed 
D)  Mitigation

Question 10

A company receives automobile parts from global manufactures into its distribution center before redeploying the parts to local retail outlets. Which of the following documents can be used to proactively plan for the redeployment of the parts?

Accepted Answer

A)  Bill of lading (B\L) 
B)  Advance ship notice (ASN) 
C)  Routing guide 
D)  Shipment manifest 
A)  Bill of lading (B\L) 
B)  Advance ship notice (ASN) 
C)  Routing guide 
D)  Shipment manifest

Question 11

The task that best describes the value proposition offered by freight forwarders is that they:

Accepted Answer

A)  act as agents for domestic firms in international markets, primarily obtaining orders for their clients' products. 
B)  export goods and services and locates overseas buyers on their clients' behalf. 
C)  consolidate shipments from various customers and offer lower transportation rates. 
D)  operate under power of attorney from the shipper to pay all import duties and are ultimately liable for unpaid duties. 
A)  act as agents for domestic firms in international markets, primarily obtaining orders for their clients' products. 
B)  export goods and services and locates overseas buyers on their clients' behalf. 
C)  consolidate shipments from various customers and offer lower transportation rates. 
D)  operate under power of attorney from the shipper to pay all import duties and are ultimately liable for unpaid duties.

Which of the following factors would be considered of strategic importance to a firm's logistics function?

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:

Which of the following shipment modes in the most prone to packaging and product damage?

The primary factor that reduces the need for companies to improve transportation sustainability is:

A company's distribution center receives material from a number of sources and combines them into exact quantities for a specific destination. Which of the following functions is the distribution center providing?

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

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

A trucking company purchased a tractor-trailer for $150,000 to support its short-haul business. The tractor-trailer will be in service for 5 years before it will be sold at $55,000. With annual fuel costs estimated at $12,000, what is the annual depreciation for the vehicle?

When a company decides not to purchase insurance to cover a risk, it is pursuing what type of risk strategy?

A company receives automobile parts from global manufactures into its distribution center before redeploying the parts to local retail outlets. Which of the following documents can be used to proactively plan for the redeployment of the parts?

The task that best describes the value proposition offered by freight forwarders is that they:

CPIM - Basics of Supply Chain Management

APICS Certified Supply Chain Professional

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Exam 1: Certification in Logistics, Transportation and Distribution

Which of the following factors would be considered of strategic importance to a firm's logistics function?

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:

Which of the following shipment modes in the most prone to packaging and product damage?

The primary factor that reduces the need for companies to improve transportation sustainability is:

A company's distribution center receives material from a number of sources and combines them into exact quantities for a specific destination. Which of the following functions is the distribution center providing?

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

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

A trucking company purchased a tractor-trailer for $150,000 to support its short-haul business. The tractor-trailer will be in service for 5 years before it will be sold at $55,000. With annual fuel costs estimated at $12,000, what is the annual depreciation for the vehicle?

When a company decides not to purchase insurance to cover a risk, it is pursuing what type of risk strategy?

A company receives automobile parts from global manufactures into its distribution center before redeploying the parts to local retail outlets. Which of the following documents can be used to proactively plan for the redeployment of the parts?

The task that best describes the value proposition offered by freight forwarders is that they:

CPIM - Basics of Supply Chain Management

APICS Certified Supply Chain Professional

Filters