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NEW QUESTION 28
A company has a line haul cost between Point A and Point B of $5 per mile. The distance between the two points is 750 miles. What is the cost per hundredweight (cwt) for a shipment weighing 45.000 pounds?
- A. $012
- B. $5 00
- C. $8.33
- D. $9.00
Answer: A
NEW QUESTION 29
As a means to protect domestic industries, which of the following requirements is an example of a non- trade barrier?
- A. Requesting a mandatory consular invoice
- B. Utilizing Convention on International Sale of Goods (CISG)
- C. Demanding process efficiency
- D. Mandating compliance with triple bottom line (TBL)
Answer: D
NEW QUESTION 30
When importing goods such as fruit and produce into the United States (U.S.), which government agency is responsible for protecting agriculture from harmful pests and diseases?
- A. US Customs and Border Protection (CBP)
- B. Food Safety and Inspection Service (FSIS)
- C. Food and Drug Administration (FDA)
- D. Farm Service Agency (FSA)
Answer: A
NEW QUESTION 31
Which of the following types benchmarking would a company utilize in order to determine why a significant gap exists in its order fill rates?
- A. Performance benchmarking
- B. Process benchmarking
- C. Product benchmarking
- D. Strategic benchmarking
Answer: B
NEW QUESTION 32
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?
- A. The shipper and the carrier are making an integrated effort to make extreme demands followed up by small, slow concessions.
- B. The shipper and the carrier are in direct conflict with each other's goals and are attempting to take advantage of each other.
- C. The shipper is integrating its shipping needs and the carrier is integrating its market power to achieve better contract terms individually.
- D. The shipper and the carrier are attempting to understand each other's needs to create mutually beneficial contract terms.
Answer: C
NEW QUESTION 33
A pharmaceutical company makes drugs that control the spread of the influenza virus after outbreaks occur Deployment to outbreak areas requires a transportation mode that is fast and provides door-to-door connectivity. Which of the following modes of transportation should the company choose?
- A. Intermodal
- B. Air
- C. Drone
- D. Truck
Answer: D
NEW QUESTION 34
A transportation manager is interested in selecting the optimal mode of transportation based on 3 key criteria:
speed, availability, and dependability.
Which of the following modes best meets the criteria?
- A. truck and air
- B. Air and rail
- C. Air and ocean
- D. Truck and rail
Answer: B
NEW QUESTION 35
Selecting a third-party logistics (3PL) or fourth-party logistics (4PL) provider is an example of a(n):
- A. acquisition
- B. joint venture
- C. strategic alliance
- D. internal function
Answer: B
NEW QUESTION 36
A company setting up a warehouse wants to maintain a first in, first out (FIFO) stock rotation. Which of the following storage systems should they utilize?
- A. Flow racking
- B. Block stacking
- C. Pallet racking
- D. Push-back racking
Answer: C
NEW QUESTION 37
Which of the following factors would be the greatest challenge for a firm planning to ship goods internationally by truck?
- A. Complex rules and regulations
- B. Variations in road conditions
- C. Variable cost of fuel
- D. Unpredictable weather and climate
Answer: A
NEW QUESTION 38
Procurement professionals are focused on the total cost of ownership (TCO) in their vendor selection strategies. This implies that:
- A. there is increased consideration of trade-offs among purchase price, quality, and vendor capability.
- B. procurement is decreasing its emphasis on the importance of vendor certification and audit programs.
- C. there is increased emphasis on procuring at the lowest purchase price possible.
- D. procurement is now increasingly charged with pushing back inventory to vendors.
Answer: B
NEW QUESTION 39
An international organization has a pricing strategy that allows it to sell its product at different prices depending on the country where the product is sold. Which of the following unintended consequences is a result of this strategy?
- A. Counterfeit products in the supply chain
- B. Gray market products in the supply chain
- C. Hostile takeover by a conglomerate
- D. Decrease in profits due to variable revenues
Answer: A
NEW QUESTION 40
When determining the optimal logistics terminal location, one of the primary goals is to minimize:
- A. peddle time.
- B. the number of pick-up locations.
- C. the size of customer shipments.
- D. stem miles.
Answer: B
NEW QUESTION 41
Which of the following groups was formed for the purpose of eliminating the trade barriers among its members?
- A. European Union (EU)
- B. United Nations (UN)
- C. Organization of Petroleum Exporting Countries (OPEC)
- D. North Atlantic Treaty Organization (NATO)
Answer: B
NEW QUESTION 42
Which of the following terms of payment should an international purchasing manager use to guarantee that the shipment is made and the shipper gets paid for their product?
- A. Cash in advance
- B. Sight draft
- C. Letter of credit
- D. Open account
Answer: A
NEW QUESTION 43
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