CIPS L4M5 Exam - Topic 11 Question 12 Discussion

Actual exam question for CIPS's L4M5 exam

Question #: 12
Topic #: 11

[All L4M5 Questions]

All of the following shift the supply of watches to the right except...?

AAn advance in the technology used to manufacture watches

BA decrease in the wage of workers employed to manufacture watches

CAn increase in the price of watches

DManufacturers' expectation of higher watch prices in the future

Show Suggested Answer

Suggested Answer: C

A supply curve will slope upward from left to right showing more supply at higher prices, as illustrated in the graph below:

A movement along the supply curve will be brought about by a change in price, but a shift of the whole curve will be caused by a determinant other than price:

- The physical feasibility and time and energy required to produce the products

- Technology and innovation

- The objectives of the producers and their future expectations

- Prices of other goods and services

- Government's policies

LO 2, AC 2.2

by Josephine at May 07, 2022, 06:44 AM

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Glendora

4 months ago

I’m not sure about D. Future expectations can really mess with supply!

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Pa

4 months ago

A and B will shift supply right, but C is the odd one out.

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Veronica

4 months ago

Wait, so higher prices don't mean more supply? That’s surprising!

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Keith

4 months ago

Totally agree, C makes no sense for supply shift!

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Ira

5 months ago

C is definitely the answer. Price increase doesn't shift supply.

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Reta

5 months ago

Cisco Umbrella seems like a good choice for visibility and protection, but I'm not sure if it covers all the bases compared to the other options.

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Josefa

5 months ago

Okay, let me see here. Unqualified, qualified, and disclaimer are the standard auditor opinions, so "reversal opinion" must be the one that's not actually a real thing. I'll go with that.

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Audrie

5 months ago

Okay, I've got this. The key is to use a validation rule to restrict the number of cost centers to 10. That should be the most direct way to address the requirement.

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Oretha

5 months ago

This question seems pretty straightforward. I think the key is to understand how the different patterns work together to secure the security tokens.

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