CLTD practice questions 21–30

1. Question 21 · 152 in bank

   A supply chain manager is revising their organization's supply chain strategy with a greater emphasis on collaborative supply chain relationships. Which of the following barriers poses the greatest impediment to implementing their new strategy?

   • AInternal operational silos
   • BVendor language and time zone differences
   • CTransportation carrier's system limitations
   • DEnterprise resource planning (ERP) complexity

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   Answer: B

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2. Question 22 · 152 in bank

   Given the data below, calculate the reorder point (ROP). Average daily demand = 30 units/day Lead time = 4 days - Safety stock = 20 -

   • A30 units
   • B8 units
   • C120 units
   • D140 units

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   Answer: D

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3. Question 23 · 152 in bank

   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.

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   Answer: A

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4. Question 24 · 152 in bank

   A non-profit transportation membership cooperative that arranges for the domestic or international shipment of member's cargo over any mode of transportation is known as a(n):

   • Afreight bureau.
   • Bfreight broker association.
   • Cshipper's association.
   • Dintegrated service provider.

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   Answer: C

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5. Question 25 · 152 in bank

   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.

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   Answer: A

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6. Question 26 · 152 in bank

   In the economic utility function of logistics, logistics adds:

   • Aform and time utilities to products, while other activities add place and possession utilities.
   • Bpossession and place utilities to products, while other activities add form and possession utilities.
   • Cplace and time utilities to products, while other activities add form and possession utilities.
   • Dpossession and form utilities to products, while other activities add time and place utilities.

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   Answer: C

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7. Question 27 · 152 in bank

   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:

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

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   Answer: D

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8. Question 28 · 152 in bank

   Which of the following prerequisites is essential in order to establish an effective order management system?

   • AAn ability to reserve inventory and determine a delivery date
   • BAn ability to understand customer needs
   • CAn ability to plan and build loads
   • DAn ability to receive, enter, and validate an orders

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   Answer: C

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9. Question 29 · 152 in bank

   In a retail firm's implementation of vendor-managed inventory (VMI), what trading partners are responsible for setting target inventory levels and making restocking decisions?

   • ARetail consumers and vendors
   • BRetailer and its suppliers
   • CRetailer and its buyers
   • DRetail consumers and retailers

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   Answer: B

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10. Question 30 · 152 in bank

    An organization concentrating its efforts on meeting the internal performance standards related to availability, operational performance, and reliability has focused on which of the following aspects of the customer relationship?

    • ACustomer service
    • BCustomer satisfaction
    • CCustomer loyalty
    • DCustomer success

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    Answer: B

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CLTD practice, question 21. 152 questions available.