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APICS CLTD Certification Exam covers a wide range of topics related to logistics, transportation, and distribution, including logistics strategy, capacity planning, inventory management, transportation management, and warehouse management. CLTD exam consists of 150 multiple-choice questions, and candidates are required to complete it within four hours. CLTD exam is computer-based and can be taken at any of the Pearson VUE testing centers worldwide.
NEW QUESTION # 71
Stockout frequency refers to:
- A. the cost of sales that a firm will have when insufficient inventory is available to meet customer orders.
- B. the percentage of days in which inventory necessary to meet customer orders is missing.
- C. a single event where a firm will not have inventory available to meet customer orders.
- D. the probability that a firm will not have inventory available to meet customer orders.
Answer: D
Explanation:
Explanation/Reference:
NEW QUESTION # 72
If a firm is concerned with high duty rates, on which of the following criteria should it focus?
- A. Type of goods imported and their value
- B. Type of goods exported and their value
- C. Type of goods exported and their cost
- D. Type of goods imported and their cost
Answer: A
NEW QUESTION # 73
A company finds itself constantly expediting its customer's retail store deliveries in order to prevent stock-outs. The best solution to this problem is to;
- A. carry additional inventory to satisfy customers' demand.
- B. balance the supply of inventory with the demand.
- C. increase inventory turns to the highest possible value.
- D. minimize the inventory risk of product obsolescence.
Answer: C
NEW QUESTION # 74
The key factors in modal determination when comparing the trade-off between cost and service include:
- A. distance and carrier rates.
- B. carrier rates and load size.
- C. carner capacity and distance.
- D. distance and load size.
Answer: B
NEW QUESTION # 75
Which of the following prerequisites is essential in order to establish an effective order management system?
- A. An ability to receive, enter, and validate an orders
- B. An ability to understand customer needs
- C. An ability to reserve inventory and determine a delivery date
- D. An ability to plan and build loads
Answer: D
NEW QUESTION # 76
Net advantages gained by the sharing of common locations by similar enterprises is based on which of the following terms?
- A. Agglomeration
- B. Lowest cost
- C. Differentiation
- D. Free market
Answer: A
NEW QUESTION # 77
Which of the following outcomes of warehouse operations is the most critical in designing a warehouse?
- A. Maximizing automation
- B. Minimizing warehousing cost
- C. Increasing inventory counting
- D. Optimizing product flow
Answer: C
NEW QUESTION # 78
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?
- A. The World Bank
- B. The International Monetary Fund
- C. The Central Bank
- D. The Bank for International Settlements
Answer: A
NEW QUESTION # 79
Which of the following costs represents an example of a fixed cost in the motor carrier industry?
- A. Terminals
- B. Vehicle registration
- C. Fuel
- D. Maintenance
Answer: B
Explanation:
Explanation
NEW QUESTION # 80
Which of the following strategies would a logistics manager most likely choose in order to reduce transportation cost?
- A. Outsourcing
- B. Engaging in a third-party logistics (3PL) partnership
- C. Consolidating shipments
- D. Relying on multiple shipments
Answer: D
NEW QUESTION # 81
Which of the following terms refer to the contract leasing of an airplane where only the equipment, maintenance, and insurance are include?
- A. Damp lease
- B. ACMI lease
- C. Wet lease
- D. Dry lease
Answer: C
Explanation:
Explanation
NEW QUESTION # 82
A company wants to minimize tariff costs while avoiding the need to file for duty drawback. Which of the following practices would best achieve this objective?
- A. Use foreign/free trade zones (FTZs)
- B. Adopt Customs Trade Partnership Against Terrorism (C-TPAT) rules
- C. Ship by free on board (FOB) terms
- D. Use an international third-party logistics (3PL) provider
Answer: C
NEW QUESTION # 83
A company is considering implementing collaborative planning, forecasting, and replenishment (CPFR).
Which of the following statements best reflects one of the objectives of CPFR?
- A. It replaces traditional inventory management procedures with a vendor-managed inventory (VMI) system.
- B. It represents a sequence of business processes between consumers and retailers.
- C. It represents a sequence of business processes within the manufacturing environment.
- D. It replaces traditional forecasting methods with a shared single forecast among trading partners.
Answer: B
NEW QUESTION # 84
As a means to protect domestic industries, which of the following requirements is an example of a non-trade barrier?
- A. Mandating compliance with triple bottom line (TBL)
- B. Requesting a mandatory consular invoice
- C. Utilizing Convention on International Sale of Goods (CISG)
- D. Demanding process efficiency
Answer: A
Explanation:
Explanation/Reference:
NEW QUESTION # 85
Which of the following situations best describes when duty drawbacks can be granted?
- A. All of the raw materials are imported, a product is created, and then sold domestically.
- B. A distributor resells imported products.
- C. A manufacturer minimally transforms imports, making products that are then exported.
- D. An exported product has significant domestic content.
Answer: C
NEW QUESTION # 86
To prevent the importing of certain luxury good so that a country can use its hard currency on essential goods, governments can refuse to issue a(n):
- A. explicit license.
- B. general average.
- C. specific license.
- D. import license.
Answer: A
NEW QUESTION # 87
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APICS CLTD certification program is designed for professionals who are involved in logistics, transportation, and distribution management. This includes individuals who are responsible for managing the movement of goods and services across the supply chain, such as logistics managers, transportation managers, warehouse managers, and distribution managers. The program is also suitable for individuals who are looking to advance their careers in these fields by gaining a deeper understanding of logistics and supply chain management.
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