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CLTD Exam Dumps : Certified in Logistics, Transportation and Distribution

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Certified in Logistics, Transportation and Distribution Questions and Answers

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Question 1

A company wants to minimize tariff costs while avoiding the need to file for duty drawback. Which of the following practices would best achieve this objective?

Options:

A.

Adopt Customs Trade Partnerships Against Terrorism (C-TPAT) rules

B.

Use foreign/free trade zones (FTZs)

C.

Use an international third-party logistics (3PL) provider

D.

Ship by free on board (FOB) terms

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Question 2

When a company decides not to purchase insurance to cover a risk, it is pursuing what type of risk strategy?

Options:

A.

Retention

B.

Transfer

C.

Mixed

D.

Mitigation

Question 3

Which of the following statements represents the primary function of inventory?

Options:

A.

Make products available while minimizing total carrying cost.

B.

Realize economies of scale while minimizing total carrying cost

C.

Reduce ordering cost while minimizing total carrying cost

D.

Buffer against delivery time while minimizing total carrying cost

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