ASCM CLTD Question Bank: Page 12 • ExamPrepare

Question 67

Which of the following strategies uses reverse logistics to increase sales?

Remanufacturing
Sort and stage
Recycling
Centralized return centers

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Question 68

Which of the following frameworks would be most useful in supporting a sourcing policy that bans child labor?

Anti-Bribery and Corruption Act
Organization for Economic Cooperation and Development (OECD) Factbook
ISO Standard 14001
United Nations Global Compact

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Question 69

In the economic utility function of logistics, logistics adds:

form and time utilities to products, while other activities add place and possession utilities.
possession and place utilities to products, while other activities add form and time utilities.
place and time utilities to products, while other activities add form and possession utilities.
possession and form utilities to products, while other activities add time and place utilities.

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Question 70

Which of the following statements represents the primary function of inventory?

Make products available while minimizing total carrying cost.
Realize economies of scale while minimizing total carrying cost.
Reduce ordering cost while minimizing total carrying cost.
Buffer against delivery time while minimizing total carrying cost.

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Question 71

Which of the following terms apply to any rate between two points served by the same carrier?

Local rates
Joint rates
Any-quantity rates
Empty haul rates

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Question 72

In a retail firm's implementation of vendor-managed inventory (VMI), what trading partners are responsible for setting target inventory levels and making restocking decisions?

Retail consumers and vendors
Retailer and its suppliers
Retailer and its buyers
Retail consumers and retailers

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CLTD Practice Questions

Question 67

Question 68

Question 69

Question 70

Question 71

Question 72