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GAQM Exam CLSSYB-001 Topic 5 Question 30 Discussion

Actual exam question for GAQM's CLSSYB-001 exam
Question #: 30
Topic #: 5
[All CLSSYB-001 Questions]

A Belt has determined that the loan application does not need to be reviewed by accounting thereby improving the number of applications a loan processer can handle. According to Cost of Poor Quality (COPQ) definitions RTY improvement would be considered _______________.

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Suggested Answer: B

by Glenna at Jul 08, 2023, 07:01 AM

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Royce
21 days ago
Ooh, I've got one - what do you call a loan officer who's also a magician? A 'master of disCOPQ'! Alright, I'll see myself out...
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Penney
22 hours ago
A: Soft savings
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Hollis
1 months ago
Ugh, COPQ questions are the worst. But I'm pretty sure the answer is C. Soft savings. Anything that improves efficiency without reducing direct costs has to be in the 'soft' category. Although, I'd love to see the look on an accountant's face if you told them their review wasn't needed!
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Mitsue
22 hours ago
Soft savings it is, for sure.
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Salley
10 days ago
Imagine the confusion in accounting!
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Renea
17 days ago
I agree, it's definitely C. Soft savings.
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Tiffiny
1 months ago
Ha! Leave it to the LEAN folks to turn loan processing into a quality issue. I'm going with B. Hard savings. If they can handle more applications without extra staff, that's gotta be real money saved, right?
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Trinidad
19 hours ago
I agree, B. Hard savings makes the most sense in this case.
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Rodolfo
9 days ago
I agree, B. Hard savings makes the most sense. Efficiency is key.
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Jospeh
1 months ago
Hmm, I think the answer is C. Soft savings. Improving the loan application process without involving accounting seems like it would reduce overhead, but not necessarily lead to hard cash savings. The RPT improvement is the key here.
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Rory
2 months ago
I'm not sure, but I think it could also be B) Hard savings because it could lead to direct cost reductions.
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Lucia
2 months ago
I agree with Mabelle, because improving the number of applications processed without needing accounting review would lead to soft savings.
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Graciela
2 months ago
This is a trick question! Surely the correct answer is D. Median savings, right? I mean, how can loan processing be considered a 'poor quality' issue? Sounds like a win-win to me!
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Skye
1 months ago
B: No, I believe it's C. Soft savings.
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Hobert
1 months ago
A: I think the answer is B. Hard savings.
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Mabelle
2 months ago
I think the answer is C) Soft savings.
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Stefan
2 months ago
I see your point, Sean. But I still think it's A) Downsizing savings because it leads to a reduction in overall costs.
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Sean
2 months ago
I disagree, I believe it is C) Soft savings because it reduces the cost of rework.
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Willodean
2 months ago
I think the answer is B) Hard savings.
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