Practice L4M7 Exam Online

Question 1

XYZ Ltd is looking for new office space overseas. To keep the overhead expense minimal, it chooses leasing rather than purchasing new office. In leasing contract, which of the following costs are most likely to be attributable to the lessee?

1. Disposal costs

2. Rentals

3. Operating costs

4. Vendor selection costs

A : 1, 3 and 4

B : 1, 2 and 3

C : 2, 3 and 4

D : 1, 2 and 4

Answer: C

Question 2

A manufacturer aims at increasing the service levels to 99% from 97% through expanding the safety stock. Safety stock can be used to accommodate which of the following?

1. Variability of stock turn

2. Variability of holding costs

3. Variability of demand

4. Variability of lead time

A : 3 and 4 only

B : 1 and 2 only

C : 2 and 4 only

D : 1 and 3 only

Answer: A

Question 3

Which of the following are the benefits of using warehouse automation? Select TWO that apply

A : Reducing labour cost

B :

Increasing the labour intervention

C : Increse the hours of labour training

D : Reducing investment in technologies

E : Improving safety and efficiency

Answer: A

Question 4

Which of the following are most likely to be the purposes of packing and packaging?

1. To bring the product cost down

2. To protect the product

3. To improve the product recognition

4. To test the product durability

A : 3 and 4 only

B : 1 and 2 only

C : 1 and 4 only

D : 2 and 3 only

Answer: D

Question 5

A hospital is purchasing a new software product that will advise nurses when to give medications to hospitalised patients. This is a mobile application that will be used on tablets carried by the nurses. The software is being developed and tested by a company that specialises in mobile medical applications. This software will interface with existing hospital software that orders the medications from the pharmacy. Which acceptance test activity will be required to check whether the new software integrates well with current IT system?

A : Compatibility testing

B : Health and safety testing

C : Dry running

D : Stress testing

Answer: A

Name:	Whole Life Asset Management
Exam Code:	L4M7
Certification:	CIPS Certification
Vendor:	CIPS
Total Questions:	160
Last Updated:	May 13, 2024

CIPS L4M7