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CIMAPRO19-P02-1 Exam - Topic 8 Question 34 Discussion

Actual exam question for CIMA's CIMAPRO19-P02-1 exam
Question #: 34
Topic #: 8
[All CIMAPRO19-P02-1 Questions]

During a Board meeting at a manufacturing company, concerns regarding the analysing of the current inventory management systems and processes are brought up.

Attendees of the meeting have made several claims and suggestions but the managing director admits that he does not know who to believe and so has asked you to let him know which statements of the following statements are TRUE?

Select ALL that apply.

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Suggested Answer: C, D

by Annelle at May 09, 2022, 06:13 AM

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Catarina
4 months ago
Wait, are we sure about that JIT cost reduction? Sounds too good to be true.
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Freeman
4 months ago
ABC is definitely better for JIT systems!
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Ty
4 months ago
Standard costing isn't great for JIT, just saying.
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Sean
4 months ago
I disagree, economies of scale are more about bulk buying.
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Melvin
5 months ago
A JIT inventory system reduces inventory costs.
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An
5 months ago
This seems like a tricky one. I'll need to carefully weigh the options and think through the potential impacts.
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Dexter
5 months ago
Hmm, I'm a bit unsure about this one. The question mentions "acting in order to learn" and "trying something new", which could also apply to experimentation. I'll have to think this through carefully.
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