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Certified in Logistics, Transportation and Distribution Question and Answers

Certified in Logistics, Transportation and Distribution

Last Update May 18, 2024
Total Questions : 150

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Questions 1

The allocation of revenues and costs to customer segments or individual customers in order to estimate segment value is known as

Options:

A.  

customer relationship management (CRM).

B.  

customer profitability analysis.

C.  

customer service analysis.

D.  

customer standardization analysis.

Discussion 0
Questions 2

A company desires to improve its cash flow situation by postponing its customs duties payment until the last possible point in the supply chain. The company should consider using which type of warehouse?

Options:

A.  

Bonded

B.  

Contract

C.  

Third-party

D.  

Government

Discussion 0
Questions 3

Which of the following statements best describes the primary objective of most warehouses'?

Options:

A.  

Provide additional storage to excess inventory and avoid its disposal

B.  

Ensure that inventory levels are in accordance with the company's financial target

C.  

Accurately reflect the company's working capital status

D.  

Facilitate the movement of goods through the supply chain to the end consumer

Discussion 0
Questions 4

The key factors in modal determination when comparing the trade-off between cost and service include:

Options:

A.  

distance and load size.

B.  

carner capacity and distance.

C.  

distance and carrier rates.

D.  

carrier rates and load size.

Discussion 0
Questions 5

Which of the following methods is used for facility location selection based on the location of markets, the volume of goods shipped, and shipping costs?

Options:

A.  

Factor rating

B.  

Center-of-gravity

C.  

Break-even analysis

D.  

Least cost

Discussion 0
Questions 6

Which of the following parties play an integral role during the transportation process''

Options:

A.  

Carriers, shippers, consignees, and financial institutions

B.  

Carriers, consignees, freight brokers, and financial institutions

C.  

General public, carriers, warehouses, and shippers

D.  

Government, general public, shippers, and consignees

Discussion 0
Questions 7

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

Options:

A.  

certificate of origin.

B.  

manifest.

C.  

packing list.

D.  

bill of lading (B/L).

Discussion 0
Questions 8

According to the SCOR model, the five major categories of metrics that should be used to measure the performance of Process D1: Deliver Stocked Product include assets, costs, flexibility:

Options:

A.  

reliability, and responsiveness.

B.  

capability, and responsiveness.

C.  

reliability, and capability.

D.  

reliability, and availability.

Discussion 0
Questions 9

The primary role of the World Trade Organization (WTO) is to:

Options:

A.  

establish an international system of payment.

B.  

stabilize international currency exchange rates.

C.  

enforce free trade on a global basis.

D.  

create global free trade agreements.

Discussion 0
Questions 10

In addition to declaring the origin of goods, a certificate of origin is used to determine the:

Options:

A.  

export declaration.

B.  

cost of transportation.

C.  

standard cost.

D.  

applied tariff.

Discussion 0
Questions 11

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

Options:

A.  

commercial invoice.

B.  

pro forma invoice.

C.  

export license.

D.  

consular invoice.

Discussion 0
Questions 12

A company would like to implement a strategic initiative of enhancing its reverse logistics process. Which of the following statements best describes the profitability impact of such a strategy?

Options:

A.  

More profits due to higher return rate of customers

B.  

More profits due to larger volume of returned products

C.  

Less profits due to increase in investment costs

D.  

Less profits due to negative impact on brand image

Discussion 0
Questions 13

A developing country would like to improve its trade relations with Europe by updating its port infrastructure. Which international organization would help fund the project?

Options:

A.  

The Bank for International Settlements

B.  

The World Bank

C.  

The Central Bank

D.  

The International Monetary Fund

Discussion 0
Questions 14

An ocean carrier's goal of maximizing total revenue of the entire ship by offering very competitive rates that cover their variable costs and then increasing rates according to what the traffic will bear is referred to as:

Options:

A.  

any-quantity service rate.

B.  

value of service rate.

C.  

limited service rate.

D.  

incentive rate.

Discussion 0
Questions 15

Which of the following inventory cost elements is the most difficult to quantify?

Options:

A.  

Unit cost

B.  

Cost of reordering

C.  

Carrying cost

D.  

Shortage cost

Discussion 0
Questions 16

Which of the following measures would a company use in attempting to improve its customer service dimension of dependability'?

Options:

A.  

Order cycle time

B.  

Inquiry response time

C.  

On-time delivery

D.  

Order agility

Discussion 0
Questions 17

A company currently has a significantly long lead time in determining the disposition of returned products Which of the following nonprocedural areas should the company look into as it performs a root cause analysis?

Options:

A.  

Financial department to see if the sales personnel are reluctant to charge the returns to sales

B.  

Quality department to see if the process for determining disposition is inefficient

C.  

Customer service department to see if they are taking a long time to address customer concerns

D.  

Material handling department to see if it is taking excessive time to handle defective product

Discussion 0
Questions 18

A pharmaceutical company makes drugs that control the spread of the influenza virus after outbreaks occur Deployment to outbreak areas requires a transportation mode that is fast and provides door-to-door connectivity. Which of the following modes of transportation should the company choose?

Options:

A.  

Intermodal

B.  

Truck

C.  

Drone

D.  

Air

Discussion 0
Questions 19

What is the primary value-added service that a company would receive from using land-bridge services?

Options:

A.  

Reduced risk

B.  

Reduced transit time

C.  

Increased reliability

D.  

Increased capacity

Discussion 0
Questions 20

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

Options:

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

Discussion 0
Questions 21

A warehouse manager is performing an ABC segmentation of the products in the warehouse Based on the three items shown below, what is the correct warehouse segmentation for these items from the warehouse manager's perspective?

Options:

A.  

A = Product X, B = Product Z, C = Product Y

B.  

A= Product Y, B = Product Z C = Product X

C.  

A= Product Z, B = Product Y, C = Product X

D.  

A = Product Z, B = Product X. C = Product Y

Discussion 0
Questions 22

As a means to protect domestic industries, which of the following requirements is an example of a non-trade barrier?

Options:

A.  

Requesting a mandatory consular invoice

B.  

Utilizing Convention on International Sale of Goods (CISG)

C.  

Mandating compliance with triple bottom line (TBL)

D.  

Demanding process efficiency

Discussion 0