Free CIPS L4M7 Exam Dumps Questions & Answers

Which of the following is commonly used in larger warehouses to transfer larger volumes of stock in box, tote or pallet forms along a fixed path?

• A.  Reach trucks
• B.  Vacuum lifters
• C.  Stacker cranes
• D.  Roller conveyors

Which of the following is essential to effective implementation of just-in-time?

• A.  Regular machine changeovers
• B.  Strong links between the suppliers and the buying organisation
• C.  No need for smoothing production
• D.  Larger warehouse for larger amount of inventory

A food processing manufacturer must be able to trace the ingredients they use and the food manufactured from those ingredients. Which of the following systems provides the opportunity for efficient traceability?

• A.  Commodity coded ingredients and barcoded finished products
• B.  Batch code for each ingredient and electronic product codes for finished products
• C.  Alphanumeric product code for each ingredient and product code for finished products
• D.  Order numbering for each ingredient, customer purchase order for finished products

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.  10
• B.  4
• C.  0.4
• D.  0.25

When purchasing a capital asset, an organisation should analyse the costs and benefits that the asset may bring. Which of the following factors are considered in cost-benefit analysis? Select TWO that apply.

• A.  The cumulative cash flows generated by the asset
• B.  Current liabilities in the balance sheet
• C.  Shareholders' equity
• D.  Dividends paid
• E.  The cost of the asset