APICS cltd practice test

Certified in Logistics, Transportation and Distribution Exam


Question 1

Which of the following theories is illustrated in the list below?
Stage 1: A new product is created to fill a domestic need and produced locally.
Stage 2: The newly created product is offered to international customers.
Stage 3: International customers develop expertise and offer the product at a lower cost to the
original country.

  • A. International product life cycle theory
  • B. Porter's cluster theory
  • C. Sheffi's logistics cluster theory
  • D. Theory of Comparative Advantage
Answer:

A

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Question 2

Which of the following modes of transportation is typically associated with detention charges?

  • A. Rail
  • B. Water
  • C. Pipeline
  • D. Truck
Answer:

B

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Question 3

Stockout frequency refers to:

  • A. the probability that a firm will not have inventory available to meet customer orders.
  • B. a single event where a firm will not have inventory available to meet customer orders.
  • C. the cost of sales that a firm will have when insufficient inventory is available to meet customer orders.
  • D. the percentage of days in which inventory necessary to meet customer orders is missing.
Answer:

A

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Question 4

The task that best describes the value proposition offered by freight forwarders is that they:

  • A. act as agents for domestic firms in international markets, primarily obtaining orders for their clients' products.
  • B. export goods and services and locates overseas buyers on their clients' behalf.
  • C. consolidate shipments from various customers and offer lower transportation rates.
  • D. operate under power of attorney from the shipper to pay all import duties and are ultimately liable for unpaid duties.
Answer:

A

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Question 5

A logistics manager seeks total integration of components that are essential to achieve stated
objectives. Which of the following frameworks would be best to implement?

  • A. Systems concepts and analysis
  • B. Total cost of ownership (TCO)
  • C. Lean six sigma concepts
  • D. Network inventory cost minimization
Answer:

A

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Question 6

Which of the following supply chain risk management maturity model attributes provides visibility to
impending disruptions and enables the establishment of effective, preventive, and mitigation plans?

  • A. Visibility
  • B. Predictability
  • C. Resiliency
  • D. Sustainability
Answer:

C

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Question 7

Airfreight companies often use dimensional (dim) weight to cost out shipments because of which of
the following attributes of the product?

  • A. Density
  • B. Height
  • C. Weight
  • D. Value
Answer:

C

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Question 8

Which of the following terms refers to an integrated approach of simultaneously selling to
consumers through multiple distribution channels?

  • A. Omni-channel
  • B. Multi-channel
  • C. Business-to-consumer (B2C)
  • D. E-commerce
Answer:

B

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Question 9

Which of the following sets of elements are the major components of inventory carrying cost?

  • A. Capital, storage space, inventory service, transportation
  • B. Storage space, inventory service, inventory risk, transportation
  • C. Capital, storage space, inventory service, inventory risk
  • D. Capital, storage space inventory service, distribution
Answer:

C

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Question 10

A motor carrier is in a dispute with a customer over who is responsible for unloading goods at the
customer's location. Which of the following documents would be used to resolve the dispute?

  • A. Freight bill
  • B. Bill of lading (B/L)
  • C. Routing guide
  • D. Domestic terms of sale
Answer:

D

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