APICS APICS Certifications CPIM-MPR Questions & Answers

• Question 531:

  Production management is concerned with:

  A. The quantities of each production group that must be produced in each period \

  B. The desired inventory levels

  C. The resources of equipment, labor, and material needed in each period, and the availability of the resources needed

  D. All of these

  Correct Answer: D

• Question 532:

  The level of detail in strategic business plan is:

  A. Not so high

  B. Concerned with general market and production requirements

  C. Both of these

  D. None of these

  Correct Answer: C

• Question 533:

  Strategic business plans are usually reviewed

  A. After each quarter

  B. Every six months to a year

  C. After five years

  D. Both A and B

  Correct Answer: B

• Question 534:

  1) What are the priorities-How much of what is to be produced and when?

  2) What is available capacity-What resources do we have?

  3) How can differences between priorities and capacity be resolved? These questions must be answered:

  A. During material resource planning

  B. During priority planning

  C. At each level of MCP D. During capacity planning

  Correct Answer: C

• Question 535:

  Each level of MPC (Manufacturing planning and control) differs in the following: Purpose of the plan Planning Horizon Level of detail Planning Cycle Since each level is:

  A. For different time span

  B. Responsible for satisfying market demand

  C. For different purposes

  D. Both A and C

  Correct Answer: D

• Question 536:

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

  A. Strategic business plan

  B. Production plan

  C. Master production schedule

  D. All of these

  Correct Answer: D

• Question 537:

  In the above question, if the work-in-process could be reduced to 7 weeks and the annual cost of carrying inventory was 20% of the inventory value, what would be annual saving?

  A. $ 80,000

  B. $ 70,000

  C. $ 90,000

  D. $ 60,000

  Correct Answer: C

• Question 538:

  On the average a firm has 10 weeks of work-in-process and annual cost of goods sold is $15 million. Assuming that, the company works 50 weeks a year. What is the dollar value of the work-in-process?

  A. 1,000,000

  B. 1,000,500

  C. 1,500,000

  D. None of these

  Correct Answer: C

• Question 539:

  Considering the above question how much would sales have to increase in profits?

  A. 50%

  B. 25%

  C. 20%

  D. 10%

  Correct Answer: B

• Question 540:

  If the cost of manufacturing (direct material and direct labor) is 60% of sales and profit is 10% of sales ,what would be the improvement in profit if, through better planning and control, the cost of manufacturing was reduced from 60%of sales to 50%of sales?

  A. 100%

  B. 70%

  C. 50%

  D. 10%

  Correct Answer: A