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CLTD PDF DEMO:
QUESTION NO: 1
The scope of logistics includes transportation.
A. order processing, inventory carrying costs, and production output.
B. inventory carrying costs, warehousing, and cost management.
C. manufacturing, customer accommodation, and purchasing.
D. inventory carrying costs order processing, and warehousing.
Answer: B
QUESTION NO: 2
When a company decides not to purchase insurance to cover a risk, it is pursuing what type of risk strategy?
A. Retention
B. Transfer
C. Mixed
D. Mitigation
Answer: C
QUESTION NO: 3
Which of the following prerequisites is essential in order to establish an effective order management system?
A. An ability to reserve inventory and determine a delivery date
B. An ability to understand customer needs
C. An ability to plan and build loads
D. An ability to receive, enter, and validate an orders
Answer: C
QUESTION NO: 4
A company wishes to ship large quantities via ocean freight utilizing the entire vessel capacity. The most appropriate contract of carriage to use is a:
A. bill of lading (B/L).
B. wet lease.
C. charter party.
D. letter of credit.
Answer: C
QUESTION NO: 5
An operations manager is concerned that the order-to-cash cycle for their largest customer is too long The manager is referring to the time that elapses from when the company receives an order from the customer until the:
A. customer processes payment.
B. warehouse is notified to ship the goods
C. customer receives that order in inventory
D. company receives payment.
Answer: C
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Updated: May 28, 2022