APICS APICS Certifications CSCP Questions & Answers

• Question 481:

  What does the "P" in CPFR stand for?

  A. package

  B. partnership

  C. performance

  D. planning

  E. process

  Correct Answer: D

• Question 482:

  What action has members of supply chains historically taken to protect themselves against variability in supply and demand?

  A. improving quality

  B. holding inventory

  C. sharing information

  D. shortening lead times

  E. decreasing costs

  Correct Answer: B

• Question 483:

  What action has typically been taken over the last decade or so by members of supply chains to decrease variability in supply and demand?

  A. improving quality

  B. holding inventory

  C. sharing information

  D. shortening lead times

  E. decreasing costs

  Correct Answer: D

• Question 484:

  All of the following are components of holding cost EXCEPT:

  A. cost of capital invested

  B. clerical work of receiving orders

  C. obsolescence

  D. taxes and insurance

  E. spoilage

  Correct Answer: B

• Question 485:

  All of the following are components of stockout costs EXCEPT:

  A. lost sales

  B. backorder costs

  C. expediting

  D. additional production and purchasing costs

  E. backlog cost

  Correct Answer: E

• Question 486:

  All of the following are reasons why inventory is subject to shrinkage EXCEPT:

  A. theft

  B. deterioration

  C. rework

  D. scrap

  E. evaporation

  Correct Answer: C

• Question 487:

  All of the following are components of ordering cost EXCEPT:

  A. clerical work of preparing and releasing orders

  B. taxes and insurance

  C. receiving orders

  D. incoming inspections

  E. physical handling of goods

  Correct Answer: B

• Question 488:

  What is missing from the economic order quantity formula?

  A. purchase price per item

  B. quantity discount

  C. demand per period

  D. order quantity

  E. inspection costs per order

  Correct Answer: C

• Question 489:

  Which of the following is true about a periodic review policy?

  A. fixed quantity at fixed intervals

  B. fixed quantity at variable intervals

  C. variable quantities at fixed intervals

  D. variable quantities at variable intervals

  Correct Answer: C

• Question 490:

  Which replenishment policy tends to have the greatest safety stock?

  A. just-in-time policy

  B. continuous review policy

  C. periodic review policy

  D. risk pooling policy

  Correct Answer: C