Free APICS CLTD Exam Questions

Become APICS Certified with updated CLTD exam questions and correct answers

Page: 1 / 53

Total 265 Questions | Updated On: Nov 11, 2024

Add To Cart

Question 1

Which of the following rules specifies whether the importer or exporter is responsible for insuring cargo?

A : rld Trade Organization (WTO) rule

B : oyds of London rule

C : coterms® rule

D : ipper’s rule

Answer: A

Question 2

A company is sending a shipment to its customer in Italy. It elects to pay the freight and be responsible for any liability and damage claims. Which of the following free on board (FOB) terms is the company using?

A : destination, freight collect

B : destination, freight prepaid

C : origin, freight prepaid

D : origin, freight collect

Answer: B

Question 3

Which of the following attributes best represents how an organization regards the relationship between the cost of lost sales and inventory costs?

A : llingness to spend increasing amounts on inventory to decrease lost sales at a greater rate

B : Willingness to spend increasing amounts on inventory but expect only minor changes in lost sales

C : Unwillingness to spend increasing amounts on inventory because they see no correlation between inventory costs and the cost of lost sales

D : willingness to spend increasing amounts on inventory even though they understand that an inverse relationship exists between inventory costs and the cost of lost sales

Answer: C

Question 4

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):

A : neral average.

B : ecific license

C : plicit license

D : port license.

Answer: C

Question 5

If a firm desires to upgrade its current logistics performance measurement system to incorporate comprehensive financial and non-financial metrics, they should implement:

A : activity-based costing (ABC) system

B : advanced planning system (APS).

C : balanced scorecard.

D : Supply Chain Operation Reference (SCOR) model.

Answer: C

Page: 1 / 53

Total 265 Questions | Updated On: Nov 11, 2024

Add To Cart