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CIPS Exam L4M7 Topic 2 Question 32 Discussion

Actual exam question for CIPS's L4M7 exam
Question #: 32
Topic #: 2
[All L4M7 Questions]

Which of the following are the different types of inventory that a manufacturing company usually has?

1. Work in progress

2. Economic order quantity

3. Raw materials

4. Finished goods

Show Suggested Answer Hide Answer
Suggested Answer: A, E

RFID tags are the small devices that can be embedded in labels or attached to tags which work with radio transmitters and/or receivers to identify themselves.

RFID tags can be used to do the following:

- Track individual items

- Track boxes of products, cages of products and pallets

- Track containers with multiple loads

- Locate equipment within a building

- Trigger alarms should equipment or stock be removed without authorisation.

RFID devices have a very small integrated circuit incorporating a small memory capability - many are smaller than 2mm square and 2mm thick. Despite its size, many can hold 2000 characters of data.

RFID operating rage depends on the radio frequency used, receiver capability and the environment. Some tags are only readable from under 1m, others can have a 100m range.

RFID tags and labels are very specific to the type of material and size of your assets. For example, metal will deactivate the RFID antenna and the tag will not transmit at all. Using RFID on metal requires a special type of tag with an RFID block to prevent interference with the antenna. Liquid products can also affect the reliability of the RFID signal. To use RFID tags in specific environ-ments, some technologies are needed to support them.


LO 1, AC 1.2

Contribute your Thoughts:

Gladys
1 months ago
Economic order quantity? What is this, a quiz on economic theory? The correct answer is A, and I'm going to ace this exam!
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Simona
1 days ago
No, I believe it's A, work in progress, raw materials, and finished goods.
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Dan
10 days ago
I think the answer is B, work in progress, economic order quantity, and finished goods.
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Pedro
1 months ago
I bet the person who wrote this question is trying to trick us. But I'm not falling for it - A is the right answer!
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Stefanie
1 months ago
Looks like someone didn't pay attention in their inventory management class. The correct answer is clearly A.
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Tommy
11 days ago
No, it's actually A. Raw materials are also part of the inventory for a manufacturing company.
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Erinn
21 days ago
Oh, I see. Thanks for the clarification.
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Sherill
26 days ago
No, it's actually A. Raw materials are also part of the inventory.
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Jackie
29 days ago
I think it's B, work in progress, economic order quantity, and finished goods.
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Nieves
1 months ago
I think it's B, work in progress, economic order quantity, and finished goods.
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Sherell
2 months ago
Economic order quantity is not a type of inventory, it's a method for determining the optimal order quantity. The correct answer is A.
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Tijuana
2 days ago
That makes sense, thanks for clarifying.
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Antonio
13 days ago
So, the types of inventory are work in progress, raw materials, and finished goods.
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Laurel
1 months ago
I agree, Economic order quantity is not a type of inventory.
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Carla
1 months ago
I think the correct answer is A) 1, 3 and 4
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Justine
2 months ago
Work in progress, raw materials, and finished goods are the different types of inventory a manufacturing company usually has. The correct answer is A.
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Eric
1 months ago
Yes, you're right. Work in progress, raw materials, and finished goods are the types of inventory a manufacturing company usually has.
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Denise
1 months ago
I think the correct answer is A) 1, 3 and 4.
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Meaghan
2 months ago
But work in progress, raw materials, and finished goods are the common types of inventory in manufacturing.
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Catalina
2 months ago
I disagree, I believe the answer is B.
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Meaghan
3 months ago
I think the answer is A.
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