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630-007 - C.P.M. Module 3: Value Enhancement Strategies - Dump Information
|Exam Name||:||C.P.M. Module 3: Value Enhancement Strategies|
|Questions and Answers||:||201 Q & A|
|Updated On||:||November 29, 2017|
|PDF Download Mirror||:||630-007 Brain Dump|
|Get Full Version||:||Pass4sure 630-007 Full Version|
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630-007 Questions and Answers
A consequence of the Taft-Hartley Act is that it ?
- Allows Congress to establish minimum hourly rates for certain workers
- Enables the Department of Labor to establish minimum hourly rates for certain workers
- Allows the President to intervene in labor disputes
- Enables the Department of Health and Human Services to establish health and safety standards in certain industries
What would be the break-even level of volume between Machine A and Machine B where Machine A costs $750 to set up each time it is used, and the unit costs of operation are $5 per unit. Whereas Machine B has $1,000 set-up costs, and its variable costs of operation are $3.80 per unit.
Which type of supplier would be LEAST critical to develop into a JIT supplier?
- A key technology supplier
- A process-intensive supplier
- A supplier of a commodity
- A long lead time supplier
What is the term used to refer to the practice of replacing both the salesperson and
- Supplier partnering
- Strategic alliance
- JIT II
- Supply chain management
Which of the following types of Fixed Order Quantity models refers to the consideration of tradeoffs between the carrying and ordering costs, assuming constant costs?
- Economic Order Quantity with Price Discounts
- Economic Order Quantity with Uncertain Demand
- Economic Order Quantity
- Non-Instantaneous Replenishment Economic Order Quantity
What does the term "avoidance of risk" refer to in commodity trading?
- spot buying
- margin buying
Which of the following strategies would be the MOST cost effective to follow in an effort to reduce the cost impact of obsolete retail inventory?
- introduce a new product
- revise the specifications
- scrap the stock
Which of the following represents a major benefit of JIT II to the supplier?
- an ongoing relationship
- a decrease in administrative costs
- a reduction in material costs
- the creation of supply standards
Which of the following would represent the BEST strategy to follow in an effort to hold costs relatively constant in the short run in a case where a clothing manufacturer learns that world climatological conditions will cause the prices of certain natural fibers to rise?
- Increasing retail prices of their products
- Reducing the level of output
- Employing forward buying techniques
- Automating production of their products
At which of the following stages of a value analysis study would you typically find determination and comparison of suitability?
Which of the following is a MOST likely consequence of early purchasing involvement (EPI) during the capital acquisition process?
- providing data of requirements to suppliers in advance
- shortening the acquisition process
- increasing the chances of developing a quality product
- reduction of the cycle time
Which of the following is NOT permitted within brainstorming?
- equal opportunity for all participants
- use of cross-functional teams
- value judgments
In which type of cost reduction will simplification lead to increased savings?
- materials shortages
In a forward buying scenario the average price paid on the cycle's upswing should be
- less than the cash price for futures
- less than the contract
- less than the market price during that period
- the average of the market during that period
When considering a cost reduction program the PRIMARY objective is to obtain products and services ?
- without defects
- at reduced lead times
- at a lower price
- at better value
Which of the following does NOT represent a reason for expending considerable attention to disposal activities?
- They lead to reduced inventory levels.
- They result from shortened product life.
- They contribute to standardization programs
- They free up valuable space.
Where would international trade merchandise and services manifest an undervalued
U.S. dollar the most?
- decreased foreign travel to the United States
- economic weakening of U.S. trading partners
- increased foreign sales by U.S. manufacturers
- increased the purchase of foreign goods and services by Americans
What is the logical consequence of falling prices in the case where demand in a
market is inelastic?
- Total demand will increase.
- Total revenue will decrease.
- Total output will increase
- Total revenue will increase.