CA Foundation Business Economics Questions 2023 - Part 32
Fri, 03 Mar 2023
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APICS Certified Supply Chain Professional CSCP new Practice Questions 2023 - Part 12
1. What is the inventory turnover for a company with the following financial data?
A) 1.91
B) 4.64
C) 08.03
D) 19.50
2. In order to improve the ability of a multiple plant manufacturer to reduce inventory, a warehouse should:
A) train employees in managing inbound and outbound shipments
B) implement an automated storage/retrieval system (AS/RS)
C) sort and sequence a variety of materials for shipment to the plants
D) implement postponement on high volume goods
3. Goods were damaged during transit on a less-than-truckload (LTL) shipment. The goods were shipped free on board (FOB) destination. Who is responsible to file a freight claim?
A) The carrier
B) The seller
C) The buyer
D) The distribution warehouse
4. Which of the following statements describe the purpose of the Global Reporting Initiative (GRI)?
A) To communicate a company×?â?¬â?¢s total revenue growth
B) To disclose a company×?â?¬â?¢s sustainability performance and impact
C) To advise a company×?â?¬â?¢s overall change management progress
D) To share a company×?â?¬â?¢s cumulative information technology adoption
5. In a service environment, a decrease in demand over the long term will most likely result in:
A) decreased cost of service
B) increased cost of service
C) decreased cycle time
D) increased cycle time
A) 1.91
B) 4.64
C) 08.03
D) 19.50
2. In order to improve the ability of a multiple plant manufacturer to reduce inventory, a warehouse should:
A) train employees in managing inbound and outbound shipments
B) implement an automated storage/retrieval system (AS/RS)
C) sort and sequence a variety of materials for shipment to the plants
D) implement postponement on high volume goods
3. Goods were damaged during transit on a less-than-truckload (LTL) shipment. The goods were shipped free on board (FOB) destination. Who is responsible to file a freight claim?
A) The carrier
B) The seller
C) The buyer
D) The distribution warehouse
4. Which of the following statements describe the purpose of the Global Reporting Initiative (GRI)?
A) To communicate a company×?â?¬â?¢s total revenue growth
B) To disclose a company×?â?¬â?¢s sustainability performance and impact
C) To advise a company×?â?¬â?¢s overall change management progress
D) To share a company×?â?¬â?¢s cumulative information technology adoption
5. In a service environment, a decrease in demand over the long term will most likely result in:
A) decreased cost of service
B) increased cost of service
C) decreased cycle time
D) increased cycle time
1. Right Answer: A
Explanation: Reference:https://www.investopedia.com/ask/answers/070914/how-do-i-calculate-inventory-turnover-ratio.asp
2. Right Answer: B
Explanation:
3. Right Answer: A
Explanation: Reference:https://www.redwoodlogistics.com/what-is-fob-what-does-it-mean/
4. Right Answer: B
Explanation: Reference:https://ccc.bc.edu/content/ccc/research/corporate-citizenship-news-and-topics/sustainability-reporting.html#:~:text=Sustainability%20reporting%20is%20the%20disclosure,a%20company%27s%20progress%20towards%20them.
5. Right Answer: C
Explanation:
Explanation: Reference:https://www.investopedia.com/ask/answers/070914/how-do-i-calculate-inventory-turnover-ratio.asp
2. Right Answer: B
Explanation:
3. Right Answer: A
Explanation: Reference:https://www.redwoodlogistics.com/what-is-fob-what-does-it-mean/
4. Right Answer: B
Explanation: Reference:https://ccc.bc.edu/content/ccc/research/corporate-citizenship-news-and-topics/sustainability-reporting.html#:~:text=Sustainability%20reporting%20is%20the%20disclosure,a%20company%27s%20progress%20towards%20them.
5. Right Answer: C
Explanation:
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