Online Access Free CLTD Exam Questions

Which of the following outcomes is a potential advantage of operating an efficient reverse logistics process?

• A.Enables visibility throughout the supply chain
• B.Reduces transportation costs
• C.Improves the product life cycle
• D.Provides competitive differentiation

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 receives that order in inventory
• B.warehouse is notified to ship the goods
• C.customer processes payment.
• D.company receives payment.

An organization wanting to improve the management of resources and exceptions across the supply chain should focus on enhancing:

• A.supply chain visibility.
• B.overall asset utilization.
• C.resource utilization.
• D.simultaneous consideration of resources.

According to the Theory of Comparative Advantage, which of the following reasons justifies a country to export a product?

• A.The exporting country's wage rate in producing the good is lower than in other countries.
• B.The exporting country's productivity is higher in producing the good than the productivity of other countries.
• C.The exporting country produces the product utilizing less labor than other countries.
• D.The exporting country's cost of producing the good, relative to other goods, is at least as low as in other countries.

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.World Trade Organization (WTO) rule
• D.Shipper's rule