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CIPS Level 4 Diploma in Procurement and Supply L4M7 Passing Score

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Question 56

Which of the following best describes available inventory (also known as inventory position)?

Options:

A.

The amount of inventory on hand

B.

The amount of inventory on hand plus the amount of inventory on order

C.

The amount of inventory on order only

D.

The amount of inventory on hand in excess of expected demand

Question 57

Which of the following correctly describes the triple bottom line?

Options:

A.

Professional, Planet, Profit

B.

People, Planet, Project

C.

People, Product, Profit

D.

People, Planet, Profit

Question 58

Which of the following lists all components, ingredients, and materials required to produce the final product?

Options:

A.

Master schedule

B.

Engineering change notice

C.

Purchase order

D.

Bill of materials

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Exam Code: L4M7
Exam Name: Whole Life Asset Management
Last Update: Nov 22, 2024
Questions: 255
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