APICS CPIM-Part-2 : Certified in Planning and Inventory Management(Part 2)

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APICS CPIM-Part-2 Exam Syllabus Topics:

APICS Certified in Planning and Inventory Management(Part 2) Sample Questions:

1. Components of an organization's immediate industry and competitive environment include:

A) political factors.
B) interest rates.
C) sociocultural forces,
D) substitute products.

2. Rivalry among competing sellers is generally weaker when:

A) the products of rival sellers are commodities.
B) buyer costs to switch brands are low.
C) buyer demand is growing rapidly.
D) the number of rivals increases, and rivals are of roughly equal size and competitive capability.

3. A life cycle assessment (LCA) would be used to determine:

A) how an item should be scheduled.
B) environmental aspects and impacts.
C) the length of a long-term agreement.
D) if risk pooling would reduce inventory investment.

4. The trade-off of increasing safety stock to improve customer fill rate would be a decrease in:

A) sales revenue.
B) transportation costs.
C) inventory turns.
D) A pipeline inventory.

5. An advantage of activity-based costing (ABC) is:

A) it uses cost drivers to allocate costs to products.
B) it enables overhead costs to be allocated evenly across all products.
C) it allows raw material costs to be allocated on a per unit basis.
D) it is easier to establish standard costs.

Solutions: