Question 1

Which of the following items undermines the attempts to simplify transportation pricing?

Options :

A : rate-basis numbers

B : Class rate

C : Commodity rate

D : Incentive rate

Answer: A

Question 2

Which of the following rules specifies whether the importer or exporter is responsible for insuring cargo?

Options :

A : World Trade Organization (WTO) rule

B : Lloyds of London rule

C : Incoterms® rule

D : Shipper’s rule

Answer: A

Question 3

Which of the following prerequisites is essential in order to establish an effective order management system?

Options :

A : An ability to reserve inventory and determine a delivery date

B : An ability to understand customer needs

C : An ability to plan and build loads

D : An ability to receive, enter, and validate an orders

Answer: C

Question 4

Which of the following dimensions compose the full scope of supply chain sustainability?

Options :

A : Modes, network, finance, and materials

B : Efficiency, eco-friendly, economic, and education

C : Energy, risk, social responsibility, and waste management

D : Economic, environment, education, and ethics

Answer: C

Question 5

Which of the following activities best describes the functionality of decoupling stock within firms’ inventory systems?

Options :

A : Separation of the manufacturing process from order processing

B : Separation of the manufacturing process from the selling process.

C : Maintaining inventory to accommodate uncertainty in demand at different geographical positions

D : Maintaining inventory at a central location for all stages of the value-creation process

Answer: A

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