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APICS Certified in Planning and Inventory Management (CPIM 8.0) Sample Questions (Q87-Q92):

NEW QUESTION # 87
An organization has decided to advance from qualitative risk assessment to quantitative risk analysis. The information security risk analyst has been tasked with replacing the organization's qualitative likelihood scale of low, medium, and high with a quantitative approach. Which is the BEST approach for replacing the qualitative input values?

A. Estimate the probability of the scenario ever occurring and use that percentage.
B. Estimate the probability of the scenario occurring within the following year and use that percentage.
C. Replace the qualitative scale's thresholds with ranges of percentages (e.g., low = 1-33%; medium = 34-66%; high = 67-99%) and use those percentages.
D. Replace the qualitative scale's thresholds with point percentages (e.g., low = 25%; medium = 50%; high = 75%) and use those percentages.

Answer: C

NEW QUESTION # 88
The costs provided in the table below are associated with buying a quantity larger than immediately needed. What Is the total landed cost based on this table?
Cost CategoryCost
Custom fees$125
Freight$700
Warehouse rent$200
Matenal cost$500

A. $825
B. $1,400
C. $1,325
D. $1,525

Answer: D

Explanation:
The total landed cost is the sum of all the costs associated with buying a quantity larger than immediately needed, including the cost of the product, the custom fees, the freight, and the warehouse rent. Based on the table, the total landed cost can be calculated as follows:
Landed cost = material cost + custom fees + freight + warehouse rent Landed cost = $500 + $125 + $700 + $200 Landed cost = $1,525 Therefore, the correct answer is D. $1,525. The other options are not correct, as they either omit some of the costs or use incorrect values. The total landed cost reflects the direct costs only to move the product from the factory floor to the customer. It is an important supply chain KPI in inventory management, as it helps to determine the optimal order quantity, pricing, and profitability of the products12. Reference:
What is Landed Cost? | Calculation and Tips to Improve - ORBA Cloud CFO What is Landed Cost & Why is it Important | Finale Inventory

NEW QUESTION # 89
Plans are being made to move an organization's software systems to the cloud in order to utilize the flexibility and scalability of the cloud. Some of these software systems process highly sensitive data. The organization must follow strict legal requirements regarding the location of the highly sensitive data processed by the software systems. Which cloud model will BEST fit the organization's requirements?

A. Private cloud
B. Multicloud
C. Public cloud
D. Hybrid cloud

Answer: D

NEW QUESTION # 90
In conducting a new corporate payroll system security review, which of the following individuals should answer questions regarding the data classification?

A. Head of compliance
B. Chief Information Security Officer (CISO)
C. Chief Information Officer (CIO)
D. Head of human capital

Answer: D

NEW QUESTION # 91
In Company XYZ, transaction-costing capability has been Integrated into the shop floor reporting system. A batch of 20 units was started in production. At the fourth operation, 20 units are reported as complete. At the fifth operation, 25 units are reported as complete. When all operations are complete, 20 units are checked into the stockroom. If the error at the fifth operation is undetected, which of the following conditions will be true?

A. Work-in-process (WIP) cost will be understated.
B. Stockroom inventory balance will be incorrect.
C. Units in process will be understated.
D. Operator efficiency for the fifth operation will be overstated.

Answer: A

Explanation:
Work-in-process (WIP) cost is the total cost of the units that are partially completed in the production process. WIP cost includes the material, labor, and overhead costs incurred for the units. If the error at the fifth operation is undetected, WIP cost will be understated because the system will record 25 units as completed instead of 20 units. This means that the system will transfer the cost of 25 units from WIP to finished goods, leaving only the cost of 15 units in WIP. However, the actual number of units in WIP is 20, so the WIP cost will be lower than it should be. The other conditions will not be true if the error is undetected. Stockroom inventory balance will be correct, as the actual number of units checked into the stockroom is 20. Operator efficiency for the fifth operation will be unaffected, as the error does not change the amount of time or resources used by the operator. Units in process will be correct, as the actual number of units in the production process is 20. Reference: Work in Process (WIP) | APICS Dictionary Term of the Day, APICS CPIM 8 Planning and Inventory Management | ASCM

NEW QUESTION # 92
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Latest CPIM-8.0 Exam Book, CPIM-8.0 Reliable Guide Files

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APICS Certified in Planning and Inventory Management (CPIM 8.0) Sample Questions (Q87-Q92):

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