CLTD

CLTD practice questions, page 5 of 14, with answer review and explanations.

Question 21

A supply chain manager is revising their organization's supply chain strategy with a greater emphasis on collaborative supply chain relationships. Which of the following barriers poses the greatest impediment to implementing their new strategy?

  1. Internal operational silos
  2. Vendor language and time zone differences
  3. Transportation carrier's system limitations
  4. Enterprise resource planning (ERP) complexity

Question 22

Given the data below, calculate the reorder point (ROP). Average daily demand = 30 units/day Lead time = 4 days - Safety stock = 20 -

  1. 30 units
  2. 8 units
  3. 120 units
  4. 140 units

Question 23

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

  1. The exporting country produces the product utilizing less labor than other countries.
  2. The exporting country's wage rate in producing the good is lower than in other countries.
  3. The exporting country's productivity is higher in producing the good than the productivity of other countries.
  4. The exporting country's cost of producing the good, relative to other goods, is at least as low as in other countries.

Question 24

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):

  1. freight bureau.
  2. freight broker association.
  3. shipper's association.
  4. integrated service provider.

Question 25

Which of the following statements best reflects the intent of a shipper and a carrier who are negotiating a contract utilizing the integrative bargaining technique?

  1. The shipper is integrating its shipping needs and the carrier is integrating its market power to achieve better contract terms individually.
  2. The shipper and the carrier are attempting to understand each other's needs to create mutually beneficial contract terms.
  3. The shipper and the carrier are making an integrated effort to make extreme demands followed up by small, slow concessions.
  4. The shipper and the carrier are in direct conflict with each other's goals and are attempting to take advantage of each other.