CLTD practice questions 51–60

1. Question 51 · 152 in bank

   Which of the following outcomes of warehouse operations is the most critical in designing a warehouse?

   • AOptimizing product flow
   • BMinimizing warehousing cost
   • CIncreasing inventory counting
   • DMaximizing automation

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   Answer: C

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2. Question 52 · 152 in bank

   Which of the following terms of payment should an international purchasing manager use to guarantee that the shipment is made and the shipper gets paid for their product?

   • ALetter of credit
   • BOpen account
   • CSight draft
   • DCash in advance

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   Answer: D

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3. Question 53 · 152 in bank

   A document that serves as a contract, a receipt, and a certificate of title in an international transaction is known as a:

   • Acertificate of origin
   • Bmanifest
   • Cpacking list
   • Dbill of lading (B\L)

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   Answer: D

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4. Question 54 · 152 in bank

   The international commercial document that serves as a quote to obtain a letter of credit or an import license is called a(n):

   • Acommercial invoice
   • Bpro forma invoice
   • Cexport license
   • Dconsular invoice

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   Answer: A

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5. Question 55 · 152 in bank

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

   • AUnited Nations (UN) military forces.
   • Bcountry closest to the vessel at the time of attack.
   • Cshipping company registry.
   • Dnaval forces of the flag of registry.

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   Answer: D

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6. Question 56 · 152 in bank

   

   A company has prioritized A, B, and C, filling orders in that sequence. What are the impact to customer service levels for customers B and C?

   • A100% service levels for B and C
   • BCustomer B has higher service level
   • CCustomer C has higher service level
   • DCustomer B and C have the same service level

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   Answer: B

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7. Question 57 · 152 in bank

   Which of the following modes of transportation is characterized as having the highest fixed cost and lowest variable cost?

   • AAir
   • BWater
   • CRail
   • DPipeline

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   Answer: D

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8. Question 58 · 152 in bank

   Procurement professional are focused on the total cost of ownership (TCO) in their vendor selection strategies. This implies that:

   • Aprocurement is now increasingly charged with pushing back inventory to vendors.
   • Bthere is increased consideration of trade-offs among purchase price, quality, and vendor capability.
   • Cprocurement is decreasing its emphasis on the importance of vendor certification and audit programs.
   • Dthere is increased emphasis on procuring at the lowest purchase price possible.

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   Answer: C

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9. Question 59 · 152 in bank

   Higher throughput operations enable private warehouses to:

   • Aspread out variable costs over large output volumes
   • Bspread out fixed costs over large output volumes.
   • Callocate total unit costs on the basis of traffic volume.
   • Daccomplish better facility utilization with declining overheads.

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   Answer: D

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10. Question 60 · 152 in bank

    Which of the following activities best describes the functionality of decoupling stock within firms' inventory systems?

    • ASeparation of the manufacturing process from order processing
    • BSeparation of the manufacturing process from the selling process.
    • CMaintaining inventory to accommodate uncertainty in demand at different geographical positions.
    • DMaintaining inventory at a central location for all stages of the value-creation process.

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    Answer: A

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CLTD practice, question 51. 152 questions available.