CSCP APICS Exam Questions and Free Practice Test

Question 61

- (Topic 3)
Which of the following export documents is used as the basis for the valuation of goods for insurance purposes and for assessment of duties?

A. Export license

B. Export declaration

C. Bill of lading

D. Commercial invoice

Correct Answer:D

Question 62

- (Topic 2)
Which of the following warehousing tools enables wireless scanning of products?

A. Magnetic stripes

B. Universal product codes

C. Radio frequency devices

D. Local area network

Correct Answer:C

Question 63

- (Topic 3)
A company handling sale of product discarded by consumers is what type of provider?

A. Third party logistics (3PL)

B. Reverse logistics

C. Fourth party logistics (4PL)

D. Warehousing

Correct Answer:B

Question 64

- (Topic 3)
Which of the following tradeoffs should be considered when selecting logistics options?

A. Safety stock levels and customer service levels

B. Inventory levels and scheduling operations

C. Transportation cost and speed of delivery

D. Centralized and decentralized distribution network

Correct Answer:C

Question 65

- (Topic 1)
When designing a supply chain for strategic advantage, a company first should consider:

A. the impact on customers using Just-in-Time manufacturing.

B. the financial stability of suppliers.

C. matching the supply chain to product type.

D. whether to use custom or standard parts.

Correct Answer:C

Question 66

- (Topic 3)
Which of the following procurement strategies is most appropriate for a high-risk, high- value item?

A. Procuring in bulk to take advantage of volume pricing

B. Using an electronic trading platform to source items securely

C. Entering into vendor managed inventory (VMI) agreement

D. Creating a close collaborative relationship with the supplier

Correct Answer:D

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