CSCP FREE CSCP MCQ Questions and Answers 5

Question 1

Which Incoterms 2020 rule places the maximum obligation on the seller, including import duties?

Accepted Answer

DDP

Answer

Under Delivered Duty Paid, the seller bears all costs and risks to the named destination, including import clearance.

Question 2

A firm evaluates suppliers by considering purchase price plus quality, logistics, maintenance, and disposal costs. What approach is this?

Accepted Answer

Total cost of ownership

Answer

Total cost of ownership captures all costs of acquiring, using, and disposing of an item, not just price.

Question 3

In a risk management process, what step follows risk identification?

Accepted Answer

Risk assessment of probability and impact

Answer

Identified risks are assessed for likelihood and impact before responses are chosen.

Question 4

Buying insurance against cargo loss is an example of which risk response?

Accepted Answer

Transfer

Answer

Insurance shifts the financial consequence of the risk to a third party.

Question 5

Which Kraljic matrix quadrant contains items with high profit impact and high supply risk?

Accepted Answer

Strategic items

Answer

Strategic items warrant long-term partnerships because they are both critical and hard to source.

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