CIPS Exam L4M7 Topic 6 Question 31 Discussion

Actual exam question for CIPS's L4M7 exam

Question #: 31
Topic #: 6

[All L4M7 Questions]

Which of the following is the cylindrical container that is suitable for liquids or loose material

ATote box

BDrum

CIndustrial container

DStorage bag

Show Suggested Answer

Suggested Answer: D

In management accounting, reorder level (or reorder point) is the inventory level at which a com-pany would place a new order or start a new manufacturing run.

Reorder level depends on a company's work-order lead time and its demand during that time and whether the company maintain a safety stock.

If a company maintains a safety stock, reorder level calculation changes are follows:

Reorder Level = Average Demand Lead Time + Safety Stock

LO 2, AC 2.3

by Dyan at Apr 10, 2024, 04:14 AM

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Jacquelyne

2 days ago

Drum is the obvious choice here. It's the classic cylindrical container for liquids and loose materials.

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Tijuana

6 days ago

I'm not sure, but I think A) Tote box could also be a suitable container.

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Lino

11 days ago

I agree with Alesia, a drum is definitely suitable for liquids or loose material.

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Alesia

14 days ago

I think the answer is B) Drum.

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