CLTD

CLTD practice questions, page 8 of 14, with answer review and explanations.

Question 36

An ocean carrier's goal of maximizing total revenue of the entire ship by offering very competitive rates that cover their variable costs and then increasing rates according to what the traffic will bear is referred to as:

  1. any-quantity service rate
  2. value of service rate
  3. limited service rate
  4. incentive rate

Question 37

When a company decides not to purchase insurance to cover a risk, it is pursuing what type of risk strategy?

  1. Retention
  2. Transfer
  3. Mixed
  4. Mitigation

Question 38

Which of the following costs are the most intangible and subjective of all the carrying cost elements?

  1. Risk cost
  2. Storage cost
  3. Service cost
  4. Capital cost

Question 39

Random stocking can be greatly improved through the use of a(n):

  1. advanced planning system (APS).
  2. inventory management system (IMS)
  3. transportation management system (TMS).
  4. warehouse management system (WMS).

Question 40

A manufacturer must consider the long-term effects of its products' impact on the environment. A key product design consideration is:

  1. routing and scheduling
  2. material handling
  3. facility planning
  4. packaging options