ASCM CLTD Question Bank: Page 8 • ExamPrepare

Question 43

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?

The shipper is integrating its shipping needs, and the carrier is integrating its market power to achieve better contract terms individually.
The shipper and the carrier are attempting to understand each other's needs to create mutually beneficial contract terms.
The shipper and the carrier are making an integrated effort to make extreme demands followed up by small, slow concessions.
The shipper and the carrier are in direct conflict with each other's goals and are attempting to take advantage of each other.

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Question 44

Under what circumstances should management generally consider utilizing qualitative forecasting techniques?

When real-time data flow is available
When historic data is both clear and relatively stable
When developing strategic-level forecasts
When demand is dependent on bill of material (BOM) calculations

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Question 45

A company would like to encourage shippers to partner on sustainability initiatives. Which of the following rates would best meet this objective?

Density
Incentive
Differential
Blanket

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Question 46

A retailer creates independence between their shops and their suppliers by building additional inventory at local distribution centers (DCs). This function of inventory is known as:

decoupling.
hedge.
safety.
anticipatory.

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Question 47

The surcharge applied by shipping lines to sea freight to offset adverse variation in fuel cost is called:

repositioning charge.
peak season surcharge.
currency adjustment factor.
bunker adjustment factor.

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Question 48

A corporation's sales forecast has been consistently overstated in the past 6 months. Which of the following measures of forecast error does the corporation need to review to correct the situation?

Mean absolute percent error (MAPE)
Tracking signal
Mean absolute deviation (MAD)
Bias

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CLTD Practice Questions

Question 43

Question 44

Question 45

Question 46

Question 47

Question 48