EXAM | QUESTIONS AND ANSWERS | VERIFIED ANSWERS (100%
CORRECT) | LATEST EXAM UPDATE
Which operational decision would affect a shipping company's
functionality?
Vehicle maintenance
Why do companies outsource distribution operations?
To reduce logistics costs
How are fourth-party logistics (4PL) provider solutions delivered?
Across the entire supply chain
Which type of transportation mode is optimal for shipping a package
containing an expensive antique vase a very long distance?
Air
Which surcharge is used to account for variations in marine fuel pricing?
Bunker adjustment surcharge
What are the two key factors used in the selection of the most appropriate
type of road transport for a large shipment?
Weight and volume of cargo
A company is distributing four products (A, B, C, and D) with the following
volume-to-weight ratios:
ProductVolume-to-weight ratio
A100
B600
C1000
D250
Product A
Which stage of the product life cycle (PLC) function has the greatest
positive slope?
,Growth
A skincare company is facing a large amount of fluctuation in the demand
for its products. Which operational means of production strategy should
the company use in this situation?
Variability-based
A large chemical company produces a water treatment chemical that is
used in the purification process for municipal water treatment
facilities.Which manufacturing process should the chemical company use?
Continuous production
Which type of company performance ability minimizes waste in its
production process?
Quality performance
A company is reengineering its logistics network by lowering costs. How
will this action affect the network?
The number of facilities decreases.
A supermarket chain produces its own brand of food products that it uses
as a replacement for brand-name items when stock levels are low. The
products are essentially identical to those it purchases from brand-name
manufacturers. What is the result of this strategy for the supermarket
chain?
It decreases logistics costs.
What happens to product sales in the introductory phase of the product life
cycle (PLC)?
They increase at an increasing rate
Which type of logistics should a company interested in improving its
recycling operations focus on?
Reverse
A company’s distribution center receives large shipments from its
manufacturing plants, which are then shipped out as smaller shipments to
customers. Which type of operation is the distribution center using?
Break-bulk
, A government entity sets a road tax exemption for electric vehicles. What is
this type of government action called?
Incentive
What is the most efficient way of minimizing empty miles in
transportation?
Picking up lots from suppliers after drop-off to customers
Which cross-border logistics decision will affect an organization’s customs
tax liabilities?
Production location
Which agency helps prepare and submit customs declarations on behalf of
an importer or exporter?
Freight forwarder
Which international law focuses on harmonizing customs procedures
throughout the world?
Trade Facilitation Agreement (TFA)
What is one of the goals of the Kyoto customs convention?
To make customs procedures more predictable
Which factor helps define and categorize customs tariff rates?
Commodity code
A small business needs to cross a bridge in a delivery van to transport its
products across the international border to a neighboring country. Which
practice can the business use to assist the international agencies stationed
there to ensure the efficient clearance of the products across the border?
Improving declarations and documentation
A busy international shipping company needs to hire a customs and trade
compliance manager and is creating an employment request for its human
resources team.Which skill will the applicant need to be successful in this
role?
The ability to ensure successful systems deployment for vigorous trade
operations
What is a characteristic of the Corrupt Practice Act of 1977?