1. Bill of lading (B/L) documentation includes which of the following?

A) Country where goods were produced
B) Contract for shipping and ownership of goods
C) Description and terms of sale of goods
D) Means of payment for import/export of goods



2. In an advanced planning and scheduling (APS) system, which of the following processes feeds the master schedule?

A) Purchasing planning
B) Demand planning
C) Distribution planning
D) Fulfillment planning



3. Which of the following outcomes typically is the primary benefit from implementing a reverse logistics system?

A) Reducing returns processing costs
B) Reducing legal costs
C) Extending the product life cycle
D) Complying with the SCOR framework



4. A company's cash-to-cash cycle time is 36 days. How many weeks of inventory are on hand if the average collection time from customers is 60 days, and the company pays its vendors in 45 days?

A) Two
B) Three
C) Four
D) Five



5. A company wants to improve its transportation strategy to focus on its core manufacturing competence and reduce costs. Which of the following options is most likely to enable the company to achieve its objectives?

A) Implement a transportation management system (TMS)
B) Transition to leased transportation equipment
C) . Engage a third-party logistics (3PL) company
D) Redesign the distribution network