Free Access APICS.CLTD.v2022-03-09.q76 Practice Test (Page 9)

Question 36

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

A.The exporting country's cost of producing the good, relative to other goods, is at least as low as in other countries.

B.The exporting country produces the product utilizing less labor than other countries.

C.The exporting country's wage rate in producing the good is lower than in other countries.

D.The exporting country's productivity is higher in producing the good than the productivity of other countries.

Question 37

The scope of logistics includes transportation:

A.inventory carrying costs, warehousing, and cost management.

B.order processing, inventory carrying costs, and production output.

C.manufacturing, customer accommodation, and purchasing.

D.inventory carrying costs, order processing, and warehousing.

Question 38

A corporation is projecting annual sales at S35 million, cost of goods sold (COGS) at S25 million, and administrative expenses at $3 million. In order to meet its corporate inventory turns goal of 5.0, their inventory level must average:

A.$7 million.

B.$4.4 million.

C.$5 million.

D.$7.6 million.

Question 39

Which of the following costs represents an example of a fixed cost in the motor carrier industry?

A.Maintenance

B.Terminals

C.Vehicle registration

D.Fuel

Question 40

A logistics manager seeks total integration of components that are essential to achieve stated objectives.
Which of the following frameworks would be best to implement?

A.System concepts and analysis

B.Lean six sigma concepts

C.Network inventory cost minimization

D.Total cost of ownership (TCO)

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Question 36

Question 37

Question 38

Question 39

Question 40

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