CLTD

CLTD practice questions, page 14 of 14, with answer review and explanations.

Question 66

A major retailer has informed a product manufacturer that they must take back all of their dunnage. The manufacturer's major decision in implementing reverse logistics will most likely be to:

  1. manage the process internally or outsource to a third party.
  2. take back the dunnage or tell the retailer to destroy it all.
  3. reduce packaging materials to save money but risk more damage.
  4. increase the selling price to the retailer to cover increased costs.

Question 67

Which of the following terms refer to the contract leasing of an airplane where only the equipment, maintenance, and insurance are include?

  1. Wet lease
  2. Dry lease
  3. Damp lease
  4. ACMI lease

Question 68

A company is considering implementing collaborative planning, forecasting, and replenishment (CPFR). Which of the following statements best reflects one of the objectives of CPFR?

  1. It represents a sequence of business processes between consumers and retailers.
  2. It replaces traditional forecasting methods with a shared single forecast among trading partners.
  3. It represents a sequence of business processes within the manufacturing environment.
  4. It replaces traditional inventory management procedures with a vendor-managed (VMI) system.