Free APICS CLTD Practice Exam with Questions & Answers | Set: 4

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

When a company decides not to purchase insurance to cover a risk, it is pursuing what type of risk strategy?

Which of the following costs represents an example of a fixed cost in the motor carrier industry?

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

A company receives automobile parts from global manufacturers into its distribution center before redeploying the parts to local retail outlets. Which of the following documents can be used to proactively plan for the redeployment of the parts?

A logistics company operates 10 distribution centers in China totaling 20 million square meters of floor space Based on the typical utilization factors, how many total square meters are devoted to storage?

Which of the following groups was formed for the purpose of eliminating the trade barriers among its members?

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.

An international organization has a pricing strategy that allows it to sell its product at different prices depending on the country where the product is sold. Which of the following unintended consequences is a result of this strategy?

Which of the following costs are the most intangible and subjective of all the carrying cost elements'?