We continually improve the versions of our L4M7 exam guide so as to make them suit all learners with different learning levels and conditions. The clients can use the APP/Online test engine of our L4M7 exam guide in any electronic equipment such as the cellphones, laptops and tablet computers. Our after-sale service is very considerate and the clients can consult our online customer service about the price and functions of our L4M7 Quiz materials. So our L4M7 certification files are approximate to be perfect and will be a big pleasant surprise after the clients use them.
Compared with those practice materials which are to no avail and full of hot air, our L4M7 guide tests outshine them in every aspect. If you make your decision of them, you are ready to be thrilled with the desirable results from now on. All exam candidates are awfully sure of our L4M7 practice materials and when they meet other needs of the exam, they would rather be our regular buyers. We are sure of anyone who wants to pass the exam as well as our L4M7 question materials. We will continue making our sublime materials more useful by keeping adding useful knowledge of this exam into them.
L4M7 Official Practice Test, Online L4M7 Training
Our valid L4M7 exam dumps will provide you with free dumps demo with accurate answers that based on the real exam. These L4M7 real questions and answers contain the latest knowledge points and the requirement of the certification exam. High quality and accurate of L4M7 Pass Guide will be 100% guarantee to clear your test and get the certification with less time and effort.
CIPS L4M7 Exam Syllabus Topics:
| Topic | Details |
|---|---|
| Topic 1 |
|
| Topic 2 |
|
| Topic 3 |
|
| Topic 4 |
|
| Topic 5 |
|
| Topic 6 |
|
| Topic 7 |
|
| Topic 8 |
|
CIPS Whole Life Asset Management Sample Questions (Q65-Q70):
NEW QUESTION # 65
"Open stock plus purchases minus closing stock" is the formula of which of the following?
- A. Liability
- B. Revenue
- C. Inventory
- D. Cost of goods sold
Answer: D
Explanation:
The amount of closing stock (properly valued) is used to arrive at the cost of goods sold in a periodic inventory system with the following calculation:
Opening stock + Purchases - Closing stock = Cost of goods sold
Reference:
- CIPS study guide page 130-131
- Closing stock definition
LO 2, AC 2.3
NEW QUESTION # 66
Which of the following are subjective forecasting techniques? Select TWO that apply.
- A. Delphi method
- B. Pareto principle
- C. Test marketing
- D. Cycle counting
Answer: A,C
Explanation:
Weighted moving average
Explanation:
The most common subjective forecasting techniques include the following:
- Market surveys
- Employee surveys
- Expert knowledge (Delphi method is a method using expert knowledge)
- Test marketing
Cycle counting is a periodic analysis of inventory in a storage location which is conducted through the counting of samples instead of physically counting the entire inventory available, so as to quickly have an accurate estimate of the inventory available without causing a stop to the day to day working as is the case with physically counting every unit.
The Pareto principle (also known as the 80/20 rule, the law of the vital few, or the principle of fac-tor sparsity) states that, for many events, roughly 80% of the effects come from 20% of the causes.
Weighted moving averages assign a heavier weighting to more current data points since they are more relevant than data points in the distant past. The sum of the weighting should add up to 1 (or 100 percent).
Reference:
LO 2, AC 2.3
NEW QUESTION # 67
Which of the following is a forecasting technique?
- A. Moving average
- B. LIFO
- C. ABC analysis
- D. Time-weighted series
Answer: A
Explanation:
Last in, first out (LIFO) is a method used to account for inventory that records the most recently produced items as sold first. Under LIFO, the cost of the most recent products purchased (or pro-duced) are the first to be expensed as cost of goods sold (COGS)-which means the lower cost of older products will be reported as inventory.
Moving average: a calculation to analyse data by creating series of averages of different subset of full data set. It is commonly used with time series data to smooth out short-term fluctuation and highlight long-term trends or cycle ABC analysis is a method of analysis that divides the subject up into three categories: A, B and C.
There is no technique called time-weighted series.
LO 2, AC 2.3
NEW QUESTION # 68
MRP software is a powerful tool for managing material requirements of manufacturing processes. To keep the software function well, an organisation must have appropriate input dat a. Which of the following are the inputs of MRP software? Select THREE that apply.
- A. Facilities management
- B. Capacity requirement plan
- C. Master production schedule
- D. Bill of materials
- E. Inventory records
- F. Payrolls information
Answer: C,D,E
Explanation:
A powerful benefit of MRP system is the capacity to produce exception reports, which show deviations from normal planning and performance. These enable anomalies to be investigated with a view to improve future forecasting.
Material requirement planning is an electronic system for combining the following:
- Known demand
- Forecast demand. Known demand and forecasted demand are shown in master production schedule.
- Bill of materials for the final product
- Inventory records
Reference:
LO 2, AC 2.3
NEW QUESTION # 69
What is the stock turn for a store holding products to the value of £250,000 with annual sales of these products amounting to £1,000,000?
- A. 0
- B. 0.25
- C. 1
- D. 0.4
Answer: C
Explanation:
Calculating Inventory Turnover (Stock Turn)
As with a typical turnover ratio, inventory turnover details how much inventory is sold over a period. To calculate the inventory turnover ratio, cost of goods (COGS) is divided by the average inventory for the same period.1 Cost of Goods Sold ÷ Average Inventory or Sales ÷ Inventory In this exercise, the stock turn equal to sales divided by inventory, or 1,000,000:250,000 = 4.
Reference:
LO 2, AC 2.3
NEW QUESTION # 70
......
Among all substantial practice materials with similar themes, our L4M7 practice materials win a majority of credibility for promising customers who are willing to make progress in this line. With excellent quality at attractive price, our L4M7 practice materials get high demand of orders in this fierce market with passing rate up to 98 to 100 percent all these years. We shall highly appreciate your acceptance of our L4M7 practice materials and your decision will lead you to bright future with highly useful certificates. We have handled professional L4M7 practice materials for over ten years. Our experts have many years’ experience in this particular line of business, together with meticulous and professional attitude towards jobs.
L4M7 Official Practice Test: https://www.braindumpsqa.com/L4M7_braindumps.html
