CIPS L4M7 Whole-life Assets Management Online Training
CIPS L4M7 Online Training
The questions for L4M7 were last updated at Nov 20,2024.
- Exam Code: L4M7
- Exam Name: Whole-life Assets Management
- Certification Provider: CIPS
- Latest update: Nov 20,2024
Question #79
Which of the following best describes the relationship between a service level and safety stock?
- A . A safety stock is not always required to achieve a required service level
- B . A service level decreases in proportion to a decrease in safety stock
- C . When safety stock is zero the service level always equals zero.
- D . A service level increases in proportion to an increase in safety stock
Question #79
Which of the following best describes the relationship between a service level and safety stock?
- A . A safety stock is not always required to achieve a required service level
- B . A service level decreases in proportion to a decrease in safety stock
- C . When safety stock is zero the service level always equals zero.
- D . A service level increases in proportion to an increase in safety stock
Question #79
Which of the following best describes the relationship between a service level and safety stock?
- A . A safety stock is not always required to achieve a required service level
- B . A service level decreases in proportion to a decrease in safety stock
- C . When safety stock is zero the service level always equals zero.
- D . A service level increases in proportion to an increase in safety stock
Question #84
Question #85
Which of the following best defines ‘exponential moving average’?
- A . A forecasting technique where the average is calculated by dividing the sum of the val-ues by the number of values
- B . A process by which the reorder of an item is triggered by the inventory level dropping to a
predetermined level - C . A process by which a decision is taken at a period end or review point to determine how much to reorder
- D . A forecasting technique where each demand is multiplied by a weighting factor
Question #86
Among different types of costs associated with inventory, the opportunity cost of the investment tied up in inventory belongs to which of the following?
- A . Acquisition costs
- B . Purchase price
- C . Holding costs
- D . Costs of stockouts
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