CIPS L4M7 Whole Life Asset Management Exam Practice Test

Page: 1 / 14
Total 135 questions

Question 1

Which of the following is the formula for calculating the re-order level?



Answer : D

Question 2

In inventory management, the cost of insurance and taxes are included in which group?



Answer : B

Question 3

Which of the following code systems is commonly used by governments as a basis for their Cus-toms tariffs and for the collection of international trade statistics?



Answer : B

Question 4

Sidel Corp is a major food processor. It invested heavily on manufacturing facilities and processing machineries. Sidel's expenses on maintenance are exceptionally high. To minimise the total cost of maintenance, what should Sidel Corp do?



Answer : D

Question 5

What is meant by the term 'obsolete stock'?



Answer : A

Question 6

Which of the following is a main objective of just-in-time?



Answer : D

Question 7

XYZ Ltd is a highly profitable leading industrial distributor with over 60,000 products and an enviable record for customer service. After undertaking preliminary discussions it was decided to analyse the value-adding activities that contribute to XYZ's flagship products. The company is conducting which of the following activities?



Answer : B

Page:    1 / 14   
Total 135 questions