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NEW QUESTION 68
A non-profit transportation membership cooperative that arranges for the domestic or international shipment of member's cargo over any mode of transportation is known as a(n):
- A. freight broker association.
- B. integrated service provider.
- C. shipper's association.
- D. freight bureau.
Answer: C
NEW QUESTION 69
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?
- A. Counterfeit products in the supply chain
- B. Gray market products in the supply chain
- C. Hostile takeover by a conglomerate
- D. Decrease in profits due to variable revenues
Answer: A
NEW QUESTION 70
A trucking company purchased a tractor-trailer for $150,000 to support its short-haul business The tractor-trailer will be in service for 5 years before it will be sold at $55;000. With annual fuel costs estimated at $12,000; what is the annual depreciation for the vehicle?
- A. $11,000
- B. $7,000
- C. $19.000
- D. $30.000
Answer: A
NEW QUESTION 71
Which of the following terms refers to an integrated approach of simultaneously selling to consumers through multiple distribution channels?
- A. E-commerce
- B. Business-to-consumer (B2C)
- C. Omni-channel
- D. Multi-channel
Answer: D
NEW QUESTION 72
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?
- A. Government
- B. Third-party
- C. Bonded
- D. Contract
Answer: C
NEW QUESTION 73
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:
- A. reliability, and capability
- B. reliability, and responsiveness
- C. reliability, and availability
- D. capability, and responsiveness
Answer: B
NEW QUESTION 74
A company receives automobile parts from global manufactures 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. Bill of lading (B\L)
- B. Routing guide
- C. Advance ship notice (ASN)
- D. Shipment manifest
Answer: A
NEW QUESTION 75
What is the primary value-added service that a company would receive from using land-bridge services?
- A. Increased reliability
- B. Reduced risk
- C. Increased capacity
- D. Reduced transit time
Answer: A
NEW QUESTION 76
Which of the following activities best describes the functionality of decoupling stock within firms' inventory systems?
- A. Maintaining inventory to accommodate uncertainty in demand at different geographical positions.
- B. Separation of the manufacturing process from order processing
- C. Maintaining inventory at a central location for all stages of the value-creation process.
- D. Separation of the manufacturing process from the selling process.
Answer: B
NEW QUESTION 77
Which of the following rules specifies whether the importer or exporter is responsible for insuring cargo?
- A. Incoterms rule
- B. Lloyds of London rule
- C. Shipper's rule
- D. World Trade Organization (WTO) rule
Answer: D
NEW QUESTION 78
Given the data below, calculate the reorder point (ROP).
Average daily demand = 30 units/day
Lead time = 4 days
Safety stock = 20
- A. 120 units
- B. 30 units
- C. 140 units
- D. 8 units
Answer: C
NEW QUESTION 79
Which of the following groups was formed for the purpose of eliminating the trade barriers among its members?
- A. United nations (UN)
- B. Organization of Petroleum Exporting Countries (OPEC)
- C. European Union (EU)
- D. North Atlantic Treaty Organization (NATO)
Answer: C
NEW QUESTION 80
A logistics team has developed new packaging for their best-selling product that reduces the packaging costs by 60% and the overall package size by 25%. The material can no longer be stacked on pallets and must be shipped and stored in non-stackable, returnable plastic bins. Which of the following statements bests represents the potential trade-offs of implementing this change?
- A. Higher labor costs, improved customer service, and no change in warehouse costs
- B. Decrease in warehouse costs increase in transportation costs, and no change in customer service
- C. Higher labor costs: increase in warehouse costs, and an increase in transportation costs
- D. Improved customer service, increase in warehouse storage costs, and a decrease in transportation costs
Answer: B
NEW QUESTION 81
A logistics manager is asked to perform a total cost analysis for the organization. Which of the following trade-offs is critical to consider?
- A. Landed costs vs. production costs
- B. Transportation costs vs. inventory carrying costs
- C. Distribution costs vs. order processing costs
- D. Inventory carrying costs vs. production costs
Answer: B
NEW QUESTION 82 
A company has prioritized customers A. B, and C. filling orders in that sequence.
What are the impacts to customer service levels for customers B and C?
- A. Customer B has higher service level
- B. 100% service levels for B and C
- C. Customer B and C have same service level
- D. Customer C has higher service level
Answer: B
NEW QUESTION 83
A corporation is projecting annual sales at $35 million, cost of goods sold (COGS) at $25 million, and administrative expenses at $3 million. In order to meet its corporate inventory turns goal of 5.0, their inventory level must average:
- A. $7 million
- B. $5 million
- C. $7.6 million.
- D. $4.4 million
Answer: C
NEW QUESTION 84 
A company has prioritized A, B, and C, filling orders in that sequence. What are the impact to customer service levels for customers B and C?
- A. 100% service levels for B and C
- B. Customer C has higher service level
- C. Customer B has higher service level
- D. Customer B and C have the same service level
Answer: C
NEW QUESTION 85
A firm offers their customers shorter order cycle times and increased product variety. Generally, this action would have which of the following impacts on total logistics costs?
- A. Has no impact on total logistics costs
- B. Increases total logistics costs
- C. Only affects service levels, not costs
- D. Reduces total logistics costs
Answer: A
NEW QUESTION 86
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. Domestic terms of sale
- B. Routing guide
- C. Bill of lading (B/L)
- D. Freight bill
Answer: A
NEW QUESTION 87
In addition to order placement and order processing, which of the following steps are part of the order management process?
- A. Order preparation and loading and order delivery
- B. Order transit time and customer receiving
- C. Order transit time and order returns
- D. Order preparation and loading and order picking
Answer: A
NEW QUESTION 88
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. Ship by free on board (FOB) terms
- B. Use foreign/free trade zones (FTZs)
- C. Adopt Customs Trade Partnership Against Terrorism (C-TPAT) rules
- D. Use an international third-party logistics (3PL) provider
Answer: A
NEW QUESTION 89
Which of the following costs represents an example of a fixed cost in the motor carrier industry?
- A. Maintenance
- B. Fuel
- C. Terminals
- D. Vehicle registration
Answer: D
NEW QUESTION 90
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