CA Foundation Business Economics Questions 2023 - Part 32
Fri, 03 Mar 2023
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APICS Certified Supply Chain Professional CSCPPractice Questions 2023 - Part 18
1. When determining lot sizes, consideration should be given to balancing which of the following costs?
A) Quality costs and product costs
B) Cost of goods sold (COGS) and indirect labor costs
C) Unit sales price and unit cost
D) Ordering costs and carrying costs
2. Which of the following documents includes the valuation of goods for assessment of duties?
A) Insurance certificate
B) Export declaration
C) Bill of landing (B/L)
D) Commercial invoice
3. A group of trading partners that produce and distributes supplies to commercial and industrial customers has decided to pursue competitive advantage by being responsive to customers' needs. The most appropriate positioning of safety stock to support this initiative would be at:
A) a central warehouse for each market segment.
B) the distribution centers (DCs) closest to the customers.
C) each node in the distribution channel.
D) each production facility.
4. A company has significant cash invested in its finished goods inventories. What action can this company take to significantly reduce its inventory investment while maintaining its customer service levels?
A) Begin production after receipt of customer orders
B) Move the customer decoupling point from finished goods to components
C) Increase component assembly lead times
D) Plan key component material with preferred suppliers
5. A company distributes products through a multitiered distribution network. Recently there has been high demand variability for a mature product that had experienced stable demand for several years. The most appropriate way to address the variability of demand is to:
A) extend forecast horizon.
B) increase distribution safety stock targets.
C) increase manufacturing throughput.
D) increase demand visibility with all partners.
A) Quality costs and product costs
B) Cost of goods sold (COGS) and indirect labor costs
C) Unit sales price and unit cost
D) Ordering costs and carrying costs
2. Which of the following documents includes the valuation of goods for assessment of duties?
A) Insurance certificate
B) Export declaration
C) Bill of landing (B/L)
D) Commercial invoice
3. A group of trading partners that produce and distributes supplies to commercial and industrial customers has decided to pursue competitive advantage by being responsive to customers' needs. The most appropriate positioning of safety stock to support this initiative would be at:
A) a central warehouse for each market segment.
B) the distribution centers (DCs) closest to the customers.
C) each node in the distribution channel.
D) each production facility.
4. A company has significant cash invested in its finished goods inventories. What action can this company take to significantly reduce its inventory investment while maintaining its customer service levels?
A) Begin production after receipt of customer orders
B) Move the customer decoupling point from finished goods to components
C) Increase component assembly lead times
D) Plan key component material with preferred suppliers
5. A company distributes products through a multitiered distribution network. Recently there has been high demand variability for a mature product that had experienced stable demand for several years. The most appropriate way to address the variability of demand is to:
A) extend forecast horizon.
B) increase distribution safety stock targets.
C) increase manufacturing throughput.
D) increase demand visibility with all partners.
1. Right Answer: C
Explanation:
2. Right Answer: D
Explanation: The commercial invoice states the value of the goods in the shipment and specifies payment terms and methods. It constitutes the seller's and buyer's invoice for the transaction. It also may be required for the letter of credit and by other entities that need to know the value of the goods for insurance or the assessment of duties. The information required and the language it's written in may vary from country to country.
3. Right Answer: A
Explanation:
4. Right Answer: D
Explanation:
5. Right Answer: C
Explanation:
Explanation:
2. Right Answer: D
Explanation: The commercial invoice states the value of the goods in the shipment and specifies payment terms and methods. It constitutes the seller's and buyer's invoice for the transaction. It also may be required for the letter of credit and by other entities that need to know the value of the goods for insurance or the assessment of duties. The information required and the language it's written in may vary from country to country.
3. Right Answer: A
Explanation:
4. Right Answer: D
Explanation:
5. Right Answer: C
Explanation:
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