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Exam (elaborations)

FAC Module 1 exam with correct answers 2024

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A member of CFA Institute or a candidate for the CFA designation would most likely find descriptions of minimally acceptable professional behavior in the: correct answers Standards of Professional Conduct Which of the following would the "identify" step in an ethical decision-making framework be least likely to address? correct answers Amounts of money involved in the situation Which of the following situations is most likely to lead to ethics violations? correct answers Making a decision that is favored by a supervisor but contradicts the Code and Standards A large financial firm deciding not to give money to a charity due to potential government funding could best be identified as: correct answers a situational influence. Which of the following is the most accurate appraisal of the legal/regulatory approach to ensuring ethical behavior? correct answers Less restrictive jurisdictions become more attractive to unethical market participants when regulation closes a formerly legal but unethical opportunity in a more restrictive jurisdiction. CFA Institute most likely encourages members or candidates to continuously improve their knowledge and skills in order to benefit: correct answers client interests. Which of the following is most likely to be considered prioritization of a legal outcome over an ethical outcome? correct answers Prosecuting an executive who failed to disclose information that he thought would lead to a market collapse Which of the following is the best example of overconfidence bias as it relates to ethical decision making in a financial industry setting? correct answers An analyst declining to disclose she possesses material nonpublic information due to a belief she will not use it Investment professionals are most likely charged with a fiduciary duty to clients as the result of their: correct answers special position of trust. Ethics can best be described as a(n): correct answers set of moral principles used to develop values. Which of the following is most likely to result in a suboptimal economic outcome in the long run? correct answers Knowledge that firms collude to set asset prices Cynthia Dawson, a financial advisor

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Institution
FAC Module 1
Course
FAC Module 1

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EXAM 2 FAC

Material handling is the art and science associated with the movement,
storage,
and protection of goods and materials manufacturing, distribution, ,
consumption,
disposal. andanswers
correct
control
Material handling means providing the right amount of the right materials
in the rightat the right place, for the right cost and the right methods
condition,
correct answers
sequenc
e
selection is the very last step in the process of designing
material
systems. handling
correct answers
equipment
The scope of materials handling is quite broad. When Apple looked at
viewpoints
three different, what view expands the focus in a factory or warehouse, and
an effort
made is
to develop an integrated material handling plan. correct answers
contemporary
vie
w
Which is the following is not one of the 10 materials handling principles
recognized
the College by industry council. correct answers Sustainability
principle
The material handling system design process involves the six-step
engineering
process. which design
of the following correct answers Rework
the design
In developing alternative materials handling designs, Nadler proposed the
ideal systems
approach which allows us to -- technology, and consists of the following
phasescorrect
exceptanswers Aim for a minimal cost
design
Materials + Moves + = Recommended system correct answers
methods
A material handling planning chart can be used to gather information
pertaining
specific to a
materials handling problem--- the alternative solutions. The
material handling
planning chart includes all of the following activities except. correct
answers Rework
A single item picked up and moved manually between two locations
constitutes
correct answersone unit
load
The use of returnable containers is of interest where containers are
stackable meaning
one full container can be stacked-- spatial orientation. Given a container
with usable
cube dimensions of 2' x 2' 1' and a container opening of 2' x 4' x2' --
container? correct
answers
25%

, Among the common pallet sizes used in North America include all except
answers 36'' x
correct
42''
Pallet loading can be complicated by international supply chain
considerations.
study publishedAby 2007
the MHIA -- choice for the overall supply chain is to
use the
size pallet. correct answers receiving
of the
country
Given a carton size of 12"L X 10" W X 10 "H and each carton holds 10 parts.
How many
parts can be shipped on a 40" x48"--cannot exceed 4 cartoons. correct
answers 120
An interesting design questions is should the materials handling system
be designed
around the unit load or should the -- material handling system. The
more common
practice is to select the . correct answers
material handling
The correct approach to estimating the deployment cost of a material
handling
is to use asolution, which includes-- factors as possible. correct answers
complex
mode pricing
l
when developing a safe material handling system the key to be safe
facility is to on the interface between -- correct answers
concentrate
workforce
One interface that needs particular attention is the use of by both
pedestrians
industrial liftand
trucks. correct answers
aisles
Facility designers should be familiar with all of the general safety
requirements
type of facilityfor theare designing--provide a basis and represent the
they
minimum safety
standards. correct answers
OSHA
Ergonomics is an important consideration in materials handling system
design, in
general facility designers should specify -- excess need for all the following
correct answers work between
except
shoulders
Most facility layouts can be viewed at two levels: the layout which
location,
shows thethe shape, and size each planning department and detailed
layout the
shows which exact location of all equipment, work benches and storage areas
within each correct answers
department.
block
Which of the following factors don't affect the layout requirements for
space,
and equipment
personnel, as well l as the degree of proximality required
between various
departments. correct answers vendor
quality issue
the four basic types of planning departments include all except correct
answers
inspectio
n
Generating and evaluating layout alternatives is important to identify the
righttypes
and number of departments that are going to be needed to populate the
layout. A critical

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Institution
FAC Module 1
Course
FAC Module 1

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Uploaded on
November 14, 2024
Number of pages
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Written in
2024/2025
Type
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Contains
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