APICS CPIM Part 1 Section A Exam Questions And Answers 100% Solved

APICS CPIM Part 1 Section A Exam Questions And Answers 100% Solved Which of the following is a planned series of actions or operations that advances a material or procedure from one stage of completion to another? work-in-process. task. process. project. - answerC. process Which of the following entities or conditions impacts demand by providing expectations that products will be sold at a fair price, that higher quality is required, that delivery lead time is negligible, that before- and after-sales service is available, and that products and their volumes are flexible? sales & marketing. competition. customs. customers. - answercustomers A statement of long-range strategy and revenue, cost, and profit objectives usually accompanied by budgets, a projected balance sheet, and a cash flow is called a: hoshin plan. strategic plan. resource plan. business plan. - answerbusiness plan. The competitive characteristics that a firm must exhibit to be a viable competitor in the marketplace are known as: customer preferences. a competitive advantage. order winners. order qualifiers. - answerorder qualifiers. The price for a product must fall within a certain range for a supplier to be considered by potential customers. This condition is known as an order: premise. winner. confirmation. qualifier. - answerqualifier. Which of the following terms refers to a measure of satisfying demand through inventory or through a production schedule that satisfies the customers' requested delivery dates and quantities? Order fill rate Level of service Schedule attainment Customer satisfaction - answerlevel of service. Which of the following entities or conditions impacts customer demand through regulations in areas such as safety, liability, taxes, or the environment? Economy Quality Competition Government - answerGovernment. Which of the following is an advantage of simultaneous engineering? Multiple designers work on the design at the same time, producing multiple options to consider. The product design is a success even if a profit cannot be made. The process requires fewer resources and lowers the cost of design. The product design is worked on at the same time that the process design takes place. - answerThe product design is worked on at the same time that the process design takes place. Which of the following best defines reverse logistics? Function of planning, scheduling, and controlling activities related to mode, vendor, and movement of inventories into and out of an organization Distribution network that deals with change of ownership of goods and services, including the activities of negotiation, selling, and contracting Complete supply chain dedicated to the reverse flow of products and materials for the purpose of returns, repair, remanufacture, and/or recycling Items returned to the manufacturer as defective, obsolete, overages, etc. - answerComplete supply chain dedicated to the reverse flow of products and materials for the purpose of returns, repair, remanufacture, and/or recycling A piece of electronics equipment is several years old, and new models with new functionality are common on store shelves. Which of the following factors are likely to be more important to consumers when choosing this product? Quality and delivery Design and availability Price and delivery Price and quality - answerPrice and delivery Which of the following terms pertains to the design, planning, execution, control, and monitoring of supply chain activities with the objective of creating net value, building a competitive