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Exactprep L4M7 Questions

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Question 8

The minimal total cost is always achieved when there is only one warehouse. Is this statement true?

Options:

A.

No, fewer warehouse may lead to increasing transport costs

B.

Yes, because the operation cost for warehouse reaches minimal level

C.

Yes, because warehouse overheads are fully utilised

D.

No, more warehouses will reduce the cost of storage

Question 9

Which of the following are most likely to be the purposes of packing and packaging?

1. To bring the product cost down

2. To protect the product

3. To improve the product recognition

4. To test the product durability

Options:

A.

1 and 2 only

B.

3 and 4 only

C.

2 and 3 only

D.

1 and 4 only

Question 10

A retailer wants to improve its service level in inventory management from 95% to 97%. Which of the following is the best course of action?

Options:

A.

Increasing safety stock

B.

Expanding replenishment lead time

C.

Decreasing safety stock

D.

Holding more cycle stock

Question 11

Which of the following is a forecasting technique?

Options:

A.

LIFO

B.

Moving average

C.

Time-weighted series

D.

ABC analysis

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Exam Code: L4M7
Exam Name: Whole Life Asset Management
Last Update: Mar 29, 2024
Questions: 135
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