APICS CPIM Exam Questions Instant Access - No Installation Required

Question 1

Which cost would be the interest lost by not investing the money at the prevailing interest rate, and it may be much higher depending on investment opportunities for the firm?

ACapital cost

BInvestment cost

CMinimum cost

DCapacity-associated cost

Answer : C

Question 2

As used in material management, bill of material:

ADescribes the components used to make the product

BDescribes the subassemblies at various stages of manufacture.

CBoth of these

DNone of these

Answer : C

Question 3

Planning bills are used to:

ASimplify forecasting

BMaster production scheduling

CMaterial requirements planning

DAll of the above

Answer : D

Question 4

Which of the three factors are involved in good preparation of the physical inventory?

ATolerance, identification and training

BHousekeeping, Inventory and production

CHousekeeping, identification and training

DWorkforce, Physical control and security

Answer : C

Question 5

Which of the following is/are included in five major levels in the manufacturing planning and control system?

AStrategic business plan

BProduction plan

CMaster production schedule

DAll of these

Answer : D

Question 6

In 1 week, a work center produces 85 standard hours of work. The hours scheduled are 80, and 75 hours are actually worked. Calculate the utilization and efficiency of the work center.

A93.75% and 113.33%

B97.75% and 113.33%

C93.75% and 110.33%

DNone of the above

Answer : A

Question 7

The Question mark represents:

AInventories

BPayables

CCost of goods solved

DNone of these

Answer : A

APICS Certified in Production and Inventory Management CPIM Exam Questions