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CIMAPRO19-P02-1 Exam - Topic 6 Question 89 Discussion

Actual exam question for CIMA's CIMAPRO19-P02-1 exam
Question #: 89
Topic #: 6
[All CIMAPRO19-P02-1 Questions]

In order to remain competitive an organization wishes to achieve cost savings for one of its existing products.

Which of the following correctly describes methods which the organization can use to achieve these cost savings?

Select ALL that apply.

Show Suggested Answer Hide Answer
Suggested Answer: C

by Francine at Jun 01, 2024, 03:15 AM

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Simona
3 months ago
Functional analysis is too limited; it shouldn't just focus on existing functions.
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Lavonda
3 months ago
Kaizen costing is super effective for small, ongoing savings!
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Madelyn
3 months ago
Wait, can value engineering really be that radical? Sounds risky!
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Louis
4 months ago
I think target costing is more about setting goals than saving costs.
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Irma
4 months ago
Value analysis is definitely key for cost savings!
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Helene
4 months ago
I definitely recall that value analysis focuses on reducing costs while keeping quality, so I think option D is a good choice. Also, kaizen costing makes sense for continuous improvements, so E seems right too!
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Sherell
4 months ago
Target costing sounds familiar, but I thought it was more about setting targets before production starts, not during. I’m uncertain about option C.
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Ellsworth
4 months ago
I think value engineering is about redesigning processes, but I’m not completely confident if it’s always radical. Maybe option B is correct?
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Leota
5 months ago
I remember that functional analysis is more about understanding functions rather than just minimizing costs, so I’m not sure about option A.
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Staci
5 months ago
I've got a good handle on this. Target costing is about setting new cost targets, not really an existing product cost-saving method. And functional analysis is just about minimizing the original product functions, not broader cost savings. I'll make sure to select the right options.
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Kattie
5 months ago
Hmm, value engineering seems like it might be a bit different from the other options. I'll need to think through how it relates to cost savings for an existing product. The wording on that one is a bit tricky.
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Jolene
5 months ago
This question seems straightforward, but I want to make sure I understand the key differences between the methods. I'll need to carefully read through each option and think about how they relate to cost savings.
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Thora
5 months ago
Okay, let's see here. I think options A, D, and E are the ones that describe methods the organization can use to achieve cost savings. I'll focus on those and make sure I select them all.
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Aleshia
5 months ago
This seems like a tricky one. I'll need to think through the different types of reinforcement and how they apply to the scenario.
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Stephaine
5 months ago
Ah, this is a tricky one. I know load balancing is important for distributed systems, but I can't quite remember which specific pattern it's associated with. I'll have to make an educated guess.
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Glennis
5 months ago
Dashboards seem like the way to go. I can set up a dashboard to track and report on the application usage automatically each month.
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Gladys
5 months ago
Okay, I think I've got this. Service agents can process both positive and negative acknowledgements, and they can also load balance messages. The question is asking about their typical roles, so I'll select those two options.
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Ernie
10 months ago
Kaizen costing, huh? Sounds like the accounting team is trying to 'continuously make small incremental' improvements to their coffee budget.
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Alaine
9 months ago
Haha, yeah! Maybe they're trying to save money on those expensive coffee beans.
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Zack
10 months ago
E) Kaizen costing is seeking to make cost savings by continuously making small incremental cost reductions while the product is in production.
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Janey
10 months ago
D) Value analysis is examining a product's costs in order to achieve its purpose at a reduced cost while maintaining its reliability and quality.
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Ryann
10 months ago
A) Functional analysis is carried out only on existing products and is concerned only with minimizing the cost of the originally defined functions of a product.
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Demetra
10 months ago
Hmm, this is a tough one. I feel like I need to do a 'functional analysis' of my own brain to figure out the right answers. Maybe I'll get lucky and accidentally stumble upon the solution.
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Coral
10 months ago
Alright, time to put my cost-saving ninja skills to the test. I'm pretty sure B and C are not the right answers, but I'm still a bit unsure about E.
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Celestina
10 months ago
D) Value analysis is examining a product's costs in order to achieve its purpose at a reduced cost while maintaining its reliability and quality.
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Arminda
10 months ago
A) Functional analysis is carried out only on existing products and is concerned only with minimizing the cost of the originally defined functions of a product.
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Paris
10 months ago
Haha, value engineering a 'fundamental rethinking'? That's like saying I'm going to 'radically redesign' my breakfast routine tomorrow.
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Iluminada
11 months ago
Wow, this question is really testing our understanding of cost-saving methods. Let's see, I think A and D are the correct answers here.
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Wynell
11 months ago
I'm not sure about C. Target costing seems more about setting initial cost targets rather than continuously setting new stretch targets.
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Gail
11 months ago
I agree with Ashton. Value analysis and Kaizen costing are effective ways to reduce costs while maintaining quality.
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Ashton
11 months ago
I think A, D, and E are correct methods to achieve cost savings.
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