CSCP

CSCP practice questions, page 33 of 37, with answer review and explanations.

Question 161

Which of the following activities is forbidden in a free trade zone (FTZ)?

  1. Cross-docking goods
  2. Reconfiguring product
  3. Re-exporting goods
  4. Conducting retail trade

Question 162

Which of the following metrics is typically the most appropriate measure of product and service quality?

  1. Internal inspection
  2. Product performance
  3. Customer perception
  4. Warranty claims

Question 163

A company that sells 60 units of product in a given year and has an average quantity on hand of 10 units. There are 360 selling days and 261 production days in the year. The company has on hand how many days of product inventory?

  1. 0.16
  2. 0.23
  3. 43
  4. 60

Question 164

A company has an asset turnover ratio of 1.8, inventory of $3,000, a 20% profit margin, and $5,000 in total assets. What is the total sales volume for the company?

  1. $5,400
  2. $9,000
  3. $15,000
  4. $25,000

Question 165

A manufacturing company has several inexpensive items that are critical to the production process. The supply of these items has been depleted several times. Which of the following actions is most likely to reduce stockouts?

  1. Assign personnel to manage the items.
  2. Standardize the items.
  3. Increase minimum inventory levels for the items.
  4. Initiate a vendor-managed inventory (VMI) program for the items.