CIPS L3M5 Exam - Topic 1 Question 7 Discussion

Actual exam question for CIPS's L3M5 exam

Question #: 7
Topic #: 1

[All L3M5 Questions]

Approximately what percentage of costs, of running heavy goods vehicles (HGVs), is accounted for by fuel costs?

A33%

B20%

C51%

D7%

Show Suggested Answer

Suggested Answer: B

The correct answer is roughly one-third, or 33%.

This means that fuel costs are very important to road haulage firms, and alternative means of either transportation or power for trucks would be desirable, both to reduce costs and to aid the environ-ment.

Using your learning and your experience, what do you think the other main costs are of running a heavy goods vehicle fleet? I'll leave you to come up with some of the key areas yourself.

(L3M6)

by Tiffiny at Apr 10, 2024, 07:02 AM

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Lucy

9 months ago

Surprised if it's only 20%, fuel prices are crazy!

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Lonna

9 months ago

I thought it was closer to 7%.

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Sabra

10 months ago

51% seems way too high, right?

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Willard

10 months ago

Definitely more like 33%, fuel is a huge cost!

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Brittani

10 months ago

I heard it's around 20%.

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Nana

10 months ago

I thought it was around 30% too, but I can’t recall if it was specifically 33% or not. I guess I’ll have to take a guess!

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Tamra

11 months ago

I’m torn between 33% and 51%. I know fuel is a major cost, but 51% feels high.

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Donte

11 months ago

I remember a practice question mentioning fuel costs, and I feel like it was closer to 20%. But that seems low for HGVs.

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Lashandra

11 months ago

I think fuel costs are a significant part of HGV expenses, maybe around 30%? But I’m not sure if it’s exactly 33% or something else.

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Herman

11 months ago

Based on my knowledge of the industry, I'd say fuel costs account for around 50% of the total costs for HGVs. I'll go with option C.

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Julene

11 months ago

I'm not too sure about this one. I'll have to make an educated guess and hope for the best.

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Felice

11 months ago

Okay, let's see. Fuel is a major expense for HGVs, so I'm guessing it's a pretty high percentage of the overall costs.

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Laurel

11 months ago

Hmm, this seems like a tricky one. I'll need to think carefully about the typical costs associated with running HGVs.

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Jenise

11 months ago

This looks straightforward, I should be able to convert the hexadecimal number to binary easily.

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Blythe

11 months ago

Hmm, this seems like a tricky one. I'll need to think through the different QlikView services and their roles to figure out which one would be best to cluster for performance.

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Clement

2 years ago

True, but I still think there are other factors that need to be considered when calculating the percentage of costs.

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Reita

2 years ago

That's a valid point, but fuel consumption is usually the largest expense for HGV operators.

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Reena

2 years ago

I believe it's 20% because fuel prices can fluctuate and affect the overall percentage.

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Clement

2 years ago

I would say it's 33% because other costs like maintenance and insurance also play a big role.

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Reita

2 years ago

I think it's around 51% because fuel costs are a significant part of running HGVs.

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Yvonne

2 years ago

Exactly, it's a substantial cost for companies operating HGVs

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Blossom

2 years ago

Yeah, I guess it makes sense considering the size of the vehicles and the amount of fuel they need

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Rikki

2 years ago

Oh really? That's surprising, I thought it would be higher

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Yvonne

2 years ago

I've heard that the correct answer is C) 51%

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Blossom

2 years ago

I disagree, I believe it's B) 20%

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Rikki

2 years ago

I think it's A) 33%

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Mitsue

2 years ago

Ha, future HGVs with jetpacks and hoverboards! Now that would be something. But in all seriousness, I'm leaning towards option C as well. Fuel is just such a huge part of the equation for these heavy vehicles.

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Carma

2 years ago

Option B, 20%, seems way too low. I mean, come on, fuel has to be a much bigger portion of the overall costs, right? Unless we're talking about some super-efficient future HGVs or something.

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Franklyn

2 years ago

I don't know, 51% seems a bit high to me. I was thinking more along the lines of 33%, which is option A. But I'm definitely open to other perspectives on this.

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Beatriz

2 years ago

I'm leaning towards option C, 51%. Fuel prices have been pretty high lately, and it's a key component of running heavy vehicles. Though I could be wrong, I feel like that's a reasonable estimate.

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Lizette

2 years ago

Yeah, I agree. I was thinking maybe somewhere in the 30-40% range as well. Fuel is a major expense for HGV operators, but there are other significant costs like maintenance, insurance, and driver wages.

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Krystal

2 years ago

Hmm, this seems like a tricky question. I would have guessed around 30-40% for fuel costs, but I'm not too sure. What do you all think?

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Carissa

2 years ago

I believe it's 51%, option C.

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Jesus

2 years ago

I think it's around 33%, option A.

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