CLTD Final Exam Questions With Correct
Answers
For |which |of |the |following |does |the |seller |bear |the |freight |charges?
-FOB |Origin, |Freight |Prepaid
-FOB |Destination, |Freight |Collect
-FOB |destination, |Freight |Prepaid |and |Charged |Back
-FOB |Origin, |Freight |Collect |- |CORRECT |ANSWER✔✔-The |seller |bears |the |freight |charges |in |
FOB |Origin, |Freight |Prepaid
What |makes |the |RoadRailer |Unique? |- |CORRECT |ANSWER✔✔-It |is |a |bimodal |trailer |with |two |
sets |of |wheels
What |is |the |NVOCC? |- |CORRECT |ANSWER✔✔-A |cargo |consolidator |(Non-Vessel |Operating |
Common |Carriers); |Provide |service |on |a |container |basis.
Employee's |first-hand |working |knowledge |of |a |product |is |an |example |of |what |CSM |element? |- |
CORRECT |ANSWER✔✔-Capability; |Customers |need |to |efel |that |when |they |contact |the |seller |of
|a |product |or |service |that |they |will |be |able |to |communicate |directly |with |experience |
professionals |who |truly |know |the |products |inside |and |out |and |have |used |them
What |type |of |planning |would |indicate |whether |long-term |warehouse |capacity |would |need |
expansion |in |the |coming |years, |assuming |top |management |approves |it? |- |CORRECT |
ANSWER✔✔-Resource |Planning
,Capacity |planning |conducted |at |the |business |plan |level; |The |process |of |establishing, |
measuring, |and |adjusting |limits |or |levels |of |long-range |capacity; |Based |on |the |production |plan
|- |CORRECT |ANSWER✔✔-Resource |planning
What |is |the |formula |for |safety |stock? |- |CORRECT |ANSWER✔✔-Demand |* |LT |+ |Safety |Stock
Which |of |the |following |are |the |important |and |typically |tracked |measures |of |customer |service?
-Average |Age |of |Stockout |and |lead-time |monitoring
-Lead |Time |Monitoring |and |customer |service |ratio
-Partial |Orders |delivered |and |stockout |recovery |rate
-Monetary |value |fill |rate |and |stockout |rate |- |CORRECT |ANSWER✔✔-Lead |Time |Monitoring |and
|customer |service |ratio
If |the |seller |will |pay |for |all |transportation |costs |(no |sea |or |inland |waterways |will |be |used) |and |
bears |all |risk |until |the |goods |have |been |delivered |and |pays |the |duty, |which |Incoterm |should |
be |used? |- |CORRECT |ANSWER✔✔-Delivered |Duty |Paid |(DDP)
What |is |a |characteristic |of |an |in-bond |shipment? |- |CORRECT |ANSWER✔✔-An |in-bond |
shipment |refers |to |an |import |or |export |shipment |which |has |not |yet |been |cleared |by |scustoms.
|It |is |sealed |until |the |final |destination |is |reached
What |percent |of |the |value |of |the |reverse |logistics |process |depends |on |matching |the |product |
with |the |best |disposition |option? |- |CORRECT |ANSWER✔✔-80%
Air |cargo |generates |______ |% |of |international |airline |revenue |- |CORRECT |ANSWER✔✔-Air |
cargo |generates |9% |of |international |airline |revenue
,The |most |common |type |of |invoice |that |is |sent |with |the |shipment; |Utilized |by |customs |to |
determine |the |value |of |goods |in |order |to |determine |the |amount |in |duties |- |CORRECT |
ANSWER✔✔-Commerical |Invoice
Delays |the |completion |of |the |production |of |finished |goods |until |customer |demand |is |more |
definite |- |CORRECT |ANSWER✔✔-Postponement
The |GHS |(Globally |Harmonized |System |of |Classification |and |Labeling |of |Chemicals) |was |
developed |by |the... |- |CORRECT |ANSWER✔✔-United |Nations
Which |is |a |good |way |that |an |organization |whose |strategy |is |to |compete |on |cost |can |reduce |
risks |of |service |failure |due |to |uncontrollable |events? |- |CORRECT |ANSWER✔✔-Locate |a |
manufacturing |facility |halfway |between |two |ports
What |is |the |formula |for |cash-to-cash |cycle |time? |- |CORRECT |ANSWER✔✔-Cash-to-Cash |Cycle |
time |= |Days |Sales |Outstanding |+ |Inventory |Days |of |Supply |- |Days |Payable |Outstanding
What |is |the |difference |between |a |TEU |and |an |FEU? |- |CORRECT |ANSWER✔✔-20 |feet |(TEU |= |
Twenty-foot |equivalent |units, |FEU |- |Forty-Foot |Equivalent |Units)
Picking |structure |in |which |pickers |are |assigned |a |zone |in |the |warehouse; |Ideal |for |a |
warehouse |with |a |large |number |of |deliveries |per |day |and |a |large |number |of |SKUs |in |the |
warehouse |- |CORRECT |ANSWER✔✔-Wave |Picking
Product |transportation |characteristics |as |compared |to |other |products |- |CORRECT |
ANSWER✔✔-Freight |Rating
Which |material |requirements |planning |(MRP) |technique |ca |be |leveraged |to |book |inbound |
transportation |earlier |and |thus |cheaper |than |if |you |wait |until |orders |for |materials |are |actually |
released? |- |CORRECT |ANSWER✔✔-Backscheduling
, Product |responsibility |focuses |on |the |product |issues |of |______________ |and |includes |labelling
|requirements, |non-compliance |incidents, |and |customer |breaches |of |privacy, |all |relevant |to |the
|G4 |Sustainability |Reporting |Guidelines |- |CORRECT |ANSWER✔✔-Customers
What |is |a |typical |description |of |a |"Standard |Delivery |Truck?" |- |CORRECT |ANSWER✔✔-Two |
axle, |six-tire |single |unit
What |is |a |good |way |that |the |true |value |of |packaging |can |be |presented |to |stakeholders |such |as
|finance? |- |CORRECT |ANSWER✔✔-Include |the |rate |of |freight |claims
In |what |type |of |direct-to-consumer |fulfillment |model |does |the |retailer |ship |directly |to |the |
customer? |- |CORRECT |ANSWER✔✔-Flow-Through
How |did |the |shift |in |focus |from |logistics |to |supply |chain |management |affect |how |inventory |is |
perceived? |- |CORRECT |ANSWER✔✔-Inventory |is |now |perceived |as |a |last |resort |when |
information |or |stabilizing |processes |fail
Under |which |leadership |theory |can |people |learn |to |be |better |leaders, |including |the |ability |to |
admit |mistakes, |to |use |the |insights |to |revise |both |methods |and |the |leadership |process, |and |to
|delegate |properly? |- |CORRECT |ANSWER✔✔-Process-Based |Model
If |transportation |labor |costs |could |be |volatile |in |the |next |few |years, |what |is |the |best |way |that |
an |organization |could |reduce |the |risk |that |the |landed |cost |of |its |goods |might |not |be |
competitive? |- |CORRECT |ANSWER✔✔-Source |closer |to |the |point |of |demand
Which |is |an |example |of |logistics |form |utility?
-Faster |Transportation
-Mixing
-Sufficient |qty |on |hand
Answers
For |which |of |the |following |does |the |seller |bear |the |freight |charges?
-FOB |Origin, |Freight |Prepaid
-FOB |Destination, |Freight |Collect
-FOB |destination, |Freight |Prepaid |and |Charged |Back
-FOB |Origin, |Freight |Collect |- |CORRECT |ANSWER✔✔-The |seller |bears |the |freight |charges |in |
FOB |Origin, |Freight |Prepaid
What |makes |the |RoadRailer |Unique? |- |CORRECT |ANSWER✔✔-It |is |a |bimodal |trailer |with |two |
sets |of |wheels
What |is |the |NVOCC? |- |CORRECT |ANSWER✔✔-A |cargo |consolidator |(Non-Vessel |Operating |
Common |Carriers); |Provide |service |on |a |container |basis.
Employee's |first-hand |working |knowledge |of |a |product |is |an |example |of |what |CSM |element? |- |
CORRECT |ANSWER✔✔-Capability; |Customers |need |to |efel |that |when |they |contact |the |seller |of
|a |product |or |service |that |they |will |be |able |to |communicate |directly |with |experience |
professionals |who |truly |know |the |products |inside |and |out |and |have |used |them
What |type |of |planning |would |indicate |whether |long-term |warehouse |capacity |would |need |
expansion |in |the |coming |years, |assuming |top |management |approves |it? |- |CORRECT |
ANSWER✔✔-Resource |Planning
,Capacity |planning |conducted |at |the |business |plan |level; |The |process |of |establishing, |
measuring, |and |adjusting |limits |or |levels |of |long-range |capacity; |Based |on |the |production |plan
|- |CORRECT |ANSWER✔✔-Resource |planning
What |is |the |formula |for |safety |stock? |- |CORRECT |ANSWER✔✔-Demand |* |LT |+ |Safety |Stock
Which |of |the |following |are |the |important |and |typically |tracked |measures |of |customer |service?
-Average |Age |of |Stockout |and |lead-time |monitoring
-Lead |Time |Monitoring |and |customer |service |ratio
-Partial |Orders |delivered |and |stockout |recovery |rate
-Monetary |value |fill |rate |and |stockout |rate |- |CORRECT |ANSWER✔✔-Lead |Time |Monitoring |and
|customer |service |ratio
If |the |seller |will |pay |for |all |transportation |costs |(no |sea |or |inland |waterways |will |be |used) |and |
bears |all |risk |until |the |goods |have |been |delivered |and |pays |the |duty, |which |Incoterm |should |
be |used? |- |CORRECT |ANSWER✔✔-Delivered |Duty |Paid |(DDP)
What |is |a |characteristic |of |an |in-bond |shipment? |- |CORRECT |ANSWER✔✔-An |in-bond |
shipment |refers |to |an |import |or |export |shipment |which |has |not |yet |been |cleared |by |scustoms.
|It |is |sealed |until |the |final |destination |is |reached
What |percent |of |the |value |of |the |reverse |logistics |process |depends |on |matching |the |product |
with |the |best |disposition |option? |- |CORRECT |ANSWER✔✔-80%
Air |cargo |generates |______ |% |of |international |airline |revenue |- |CORRECT |ANSWER✔✔-Air |
cargo |generates |9% |of |international |airline |revenue
,The |most |common |type |of |invoice |that |is |sent |with |the |shipment; |Utilized |by |customs |to |
determine |the |value |of |goods |in |order |to |determine |the |amount |in |duties |- |CORRECT |
ANSWER✔✔-Commerical |Invoice
Delays |the |completion |of |the |production |of |finished |goods |until |customer |demand |is |more |
definite |- |CORRECT |ANSWER✔✔-Postponement
The |GHS |(Globally |Harmonized |System |of |Classification |and |Labeling |of |Chemicals) |was |
developed |by |the... |- |CORRECT |ANSWER✔✔-United |Nations
Which |is |a |good |way |that |an |organization |whose |strategy |is |to |compete |on |cost |can |reduce |
risks |of |service |failure |due |to |uncontrollable |events? |- |CORRECT |ANSWER✔✔-Locate |a |
manufacturing |facility |halfway |between |two |ports
What |is |the |formula |for |cash-to-cash |cycle |time? |- |CORRECT |ANSWER✔✔-Cash-to-Cash |Cycle |
time |= |Days |Sales |Outstanding |+ |Inventory |Days |of |Supply |- |Days |Payable |Outstanding
What |is |the |difference |between |a |TEU |and |an |FEU? |- |CORRECT |ANSWER✔✔-20 |feet |(TEU |= |
Twenty-foot |equivalent |units, |FEU |- |Forty-Foot |Equivalent |Units)
Picking |structure |in |which |pickers |are |assigned |a |zone |in |the |warehouse; |Ideal |for |a |
warehouse |with |a |large |number |of |deliveries |per |day |and |a |large |number |of |SKUs |in |the |
warehouse |- |CORRECT |ANSWER✔✔-Wave |Picking
Product |transportation |characteristics |as |compared |to |other |products |- |CORRECT |
ANSWER✔✔-Freight |Rating
Which |material |requirements |planning |(MRP) |technique |ca |be |leveraged |to |book |inbound |
transportation |earlier |and |thus |cheaper |than |if |you |wait |until |orders |for |materials |are |actually |
released? |- |CORRECT |ANSWER✔✔-Backscheduling
, Product |responsibility |focuses |on |the |product |issues |of |______________ |and |includes |labelling
|requirements, |non-compliance |incidents, |and |customer |breaches |of |privacy, |all |relevant |to |the
|G4 |Sustainability |Reporting |Guidelines |- |CORRECT |ANSWER✔✔-Customers
What |is |a |typical |description |of |a |"Standard |Delivery |Truck?" |- |CORRECT |ANSWER✔✔-Two |
axle, |six-tire |single |unit
What |is |a |good |way |that |the |true |value |of |packaging |can |be |presented |to |stakeholders |such |as
|finance? |- |CORRECT |ANSWER✔✔-Include |the |rate |of |freight |claims
In |what |type |of |direct-to-consumer |fulfillment |model |does |the |retailer |ship |directly |to |the |
customer? |- |CORRECT |ANSWER✔✔-Flow-Through
How |did |the |shift |in |focus |from |logistics |to |supply |chain |management |affect |how |inventory |is |
perceived? |- |CORRECT |ANSWER✔✔-Inventory |is |now |perceived |as |a |last |resort |when |
information |or |stabilizing |processes |fail
Under |which |leadership |theory |can |people |learn |to |be |better |leaders, |including |the |ability |to |
admit |mistakes, |to |use |the |insights |to |revise |both |methods |and |the |leadership |process, |and |to
|delegate |properly? |- |CORRECT |ANSWER✔✔-Process-Based |Model
If |transportation |labor |costs |could |be |volatile |in |the |next |few |years, |what |is |the |best |way |that |
an |organization |could |reduce |the |risk |that |the |landed |cost |of |its |goods |might |not |be |
competitive? |- |CORRECT |ANSWER✔✔-Source |closer |to |the |point |of |demand
Which |is |an |example |of |logistics |form |utility?
-Faster |Transportation
-Mixing
-Sufficient |qty |on |hand
