"Logistics is the flow of goods along a supply chain." Is this sentence true?
Answer(s): C
Comprehensive and Detailed Explanation From Exact Extract:Logistics encompasses the efficient flow and storage of goods, services, and related information from origin to consumption. It is not limited to physical goods or one direction; information and knowledge flows are integral.
CIPS L5M10 Study Guide, definition and scope of logistics, p. 3
In transportation terminology, what type of cargo would be considered "less than carload" (LTC)?
Comprehensive and Detailed Explanation From Exact Extract:"Less than carload" refers to rail freight shipments smaller than a full railcar load (i.e., not filling an entire rail carriage). The term relates to railway "cars," not road vehicles.
CIPS L5M10 Study Guide, transport terminology--LTC/LCL/FTL, p. 6
Which governing body is responsible for the creation and management of Incoterms® rules?
Answer(s): D
Comprehensive and Detailed Explanation From Exact Extract:Incoterms® are published and maintained by the International Chamber of Commerce (ICC) to define buyer/seller responsibilities for delivery, risk, and costs under international sales contracts.
CIPS L5M10 Study Guide, Incoterms® governance, p. 7
Paul, a Warehouse Manager, is using an ABC method to classify inventory.Which class would contain the most valuable products?
Answer(s): A
Comprehensive and Detailed Explanation From Exact Extract:ABC (Pareto) classification typically groups a small proportion of high-value items as "A" (often 10 20% of items accounting for a large share of value), with "B" and "C" representing progressively lower value importance.
CIPS L5M10 Study Guide, ABC inventory categorisation, p. 9
Terry manages a warehouse stocking electronics and has a pilferage (theft) issue.Which of the following would help reduce this issue?
Comprehensive and Detailed Explanation From Exact Extract:RFID tagging supports item-level identification and can trigger alarms at controlled exit points,helping deter and detect theft.While a WMS improves control and accuracy, RFID directly addresses shrinkage through automated detection.
CIPS L5M10 Study Guide, RFID uses--waste and pilferage reduction, p. 23
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