APICS CPIM Strategic Management of resources - CPIM-SMR Exam Practice Test
What are the 4 performance measurements that can be measured?
Correct Answer:
1 . Quantity
2 . production
3 . Suppliers
4 . quality
2 . production
3 . Suppliers
4 . quality
What type of costing identifies each variable cost and also assigns fixed costs to each unit of production?
Correct Answer: A
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Which of the following would be included in the liabilities category of the balance sheet?
I. Accounts payable
II. Provisions for taxes
III. Accounts receivable
I. Accounts payable
II. Provisions for taxes
III. Accounts receivable
Correct Answer: D
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In a jobbing environment, what is the MOST important item?
Correct Answer: A
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Which of the following are performance indicator groups?
I. Enablers that promote positive improvements
II. Inhibitors, which encourage the practices that are contrary to the desired principles
III. Disablers - discouraging bad behavior through punishment
I. Enablers that promote positive improvements
II. Inhibitors, which encourage the practices that are contrary to the desired principles
III. Disablers - discouraging bad behavior through punishment
Correct Answer: D
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Which of the following are types of functional strategies?
I. Financial strategy
II. Product development strategy
III. Marketing Strategy
IV. Operations Strategy
I. Financial strategy
II. Product development strategy
III. Marketing Strategy
IV. Operations Strategy
Correct Answer: A
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Immediate feedback of performance while doing the task would be a requirement of what?
Correct Answer: C
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Out of the different approaches to cutting over to a new technology, which one utilizes the least amount of
human resources?
human resources?
Correct Answer: B
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Service level cost what as the service level increases?
Correct Answer: B
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What would be the most accurate after implementing Activity Based Costing?
Correct Answer: A
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