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New L6M10 Test Practice - L6M10 Latest Materials
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CIPS L6M10 Exam Syllabus Topics:
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CIPS Global Logistics Strategy Sample Questions (Q30-Q35):
NEW QUESTION # 30
Why is import/export documentation more complex in international transactions compared to domestic ones?
- A. The nature of multi-modal transport requirements adds complexity.
- B. International transactions have fewer disputes.
- C. International transactions have fewer import/export policies.
- D. Domestic transactions involve more individuals and institutions.
Answer: A
Explanation:
The use of multi-modal transport in international trade requires extensive documentation to ensure compliance and smooth logistics. [P-111]
NEW QUESTION # 31
How do customers and suppliers differ in their perspectives during return transactions?
- A. Customers prioritize quick refunds or replacements, while suppliers aim to extract residual value.
- B. Both aim for remanufactured items.
- C. Customers want remanufactured items, while suppliers seek new replacements.
- D. Both are focused on quick refunds.
Answer: A
Explanation:
Customers prioritize refunds/replacements, while suppliers focus on extracting residual value. [P-181]
NEW QUESTION # 32
Five companies from different industries are participating in a sustainability summit where they discuss and share their approaches to integrating the triple bottom line (TBL), corporate social responsibility (CSR), and green logistics into their business operations. The companies include:
EcoElectronics Inc. - An electronic device manufacturing company with a focus on environmentally friendly products. The company is committed to reducing its carbon footprint by using recycled materials in its products and minimizing electronic waste.
SocialSolutions Ltd. - A consulting firm specializing in social impact initiatives and community development. Their commitment to social impact involves working closely with local communities, implementing initiatives that empower individuals, and fostering sustainable development.
ProfitablePharma Corp. - A pharmaceutical company committed to balancing financial success with social and environmental responsibility. Beyond financial profitability, the company places a high value on moral pharmaceutical practices. This includes ensuring affordable access to medications and minimizing environmental impact in the manufacturing process.
ModernTrans Logistics - A logistics company that specializes in sustainable and eco-friendly carriage solutions. The company invests in a modern and eco-friendly fleet, utilizing alternative fuels and optimizing routes to reduce emissions.
TechInnovate Innovations - A technology company striving to incorporate green practices in its supply chain and operations. Their commitment includes sourcing ethically produced raw materials and adopting energy-efficient manufacturing processes, minimizing environmental impact while driving innovation in the technology sector.
You are required, for each company, to align the primary focus area and recommend the key factor.
Q: What is the recommended key factor for TechInnovate Innovations?
- A. Sustainable Transportation Solutions
- B. Ethical Business Practices
- C. Community Development Initiatives
- D. Integration of Green Practices in Technology Operations
- E. Sustainable Product Design and Manufacturing
Answer: D
Explanation:
The recommended key factor for TechInnovate Innovations is "Integration of Green Practices in Technology Operations", ensuring green practices are incorporated at every stage of production in the technology sector. [P 166-169]
NEW QUESTION # 33
Which technology is increasingly being used in storage and handling systems to manage material flows and operations efficiently?
- A. Artificial intelligence (AI) and machine learning
- B. Manual labor
- C. Traditional inventory management software
- D. Paper-based systems
Answer: A
Explanation:
AI and machine learning enhance efficiency in storage and handling by automating decision-making and optimizing material flows. [P-9]
NEW QUESTION # 34
What is one approach Sarah, an experienced exporter, can take to minimize the risk of disputes over the interpretation of an international sales contract?
- A. Make small changes to Incoterms without notifying the buyer.
- B. Explicitly specify variations or additions to Incoterms relevant to the trade.
- C. Avoid specifying any terms in the contract to keep it flexible.
- D. Rely solely on Incoterms without any variations or additions.
Answer: B
Explanation:
To minimize disputes, Sarah should explicitly specify variations or additions to Incoterms in her contract to ensure clarity. [P-123]
NEW QUESTION # 35
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