GAQM CLSSYB-001 Exam - Topic 5 Question 30 Discussion

Actual exam question for GAQM's CLSSYB-001 exam

Question #: 30
Topic #: 5

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 _______________.

ADownsizing savings

BHard savings

CSoft savings

DMedian savings

Show Suggested Answer

Suggested Answer: B

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

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Viola

9 months ago

Downsizing savings? Not sure that fits here.

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Maurine

10 months ago

Totally agree, this is soft savings for sure!

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Alonso

10 months ago

Wait, how can they skip accounting? Seems risky.

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Reita

10 months ago

I think it's definitely hard savings.

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Launa

10 months ago

Sounds like a win for efficiency!

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Pamella

10 months ago

I vaguely recall that RTY improvements are often linked to hard savings, but I can't remember the exact definitions we went over in class.

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Haley

11 months ago

I feel like this question is tricky. I want to say it's soft savings because it’s about improving processes, but I could be wrong.

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Jeannine

11 months ago

I remember a practice question where we discussed COPQ, and I think downsizing savings was mentioned. But I don't know if that applies here.

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Oren

11 months ago

I think RTY improvement might relate to hard savings, but I'm not entirely sure. It feels like it could also be soft savings since it's about efficiency.

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Nan

11 months ago

Hmm, I'm not totally sure about this one. I'm trying to think through the different options, but I'm a bit confused on how they might impact collaboration during PI Planning.

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Irving

11 months ago

I remember studying about distributed anycast gateways in VXLANs, but I'm not totally confident if they are the main solution for redundancy.

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Lizbeth

11 months ago

I'm a bit confused by the different group options. I'll need to re-read the question and table carefully to make sure I understand which groups can be added.

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Royce

1 year 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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Evangelina

1 year ago

C: Soft savings

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Filiberto

1 year ago

B: Hard savings

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Penney

1 year ago

A: Soft savings

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Hollis

1 year 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

1 year ago

Soft savings it is, for sure.

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Salley

1 year ago

Imagine the confusion in accounting!

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Renea

1 year ago

I agree, it's definitely C. Soft savings.

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Tiffiny

1 year 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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Bong

1 year ago

Actually, I see your point. Soft savings could also be a valid option in this scenario.

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Adelina

1 year ago

I think it's C. Soft savings. It's more about efficiency and process improvement rather than direct cost savings.

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Izetta

1 year ago

Definitely, being able to handle more applications without extra staff is a big cost saver.

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Devorah

1 year ago

I agree, B. Hard savings makes the most sense in this case.

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Shelton

1 year ago

Actually, I think you might be right. Soft savings could also be a factor in this scenario.

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Lorrine

1 year ago

I think it's C. Soft savings. It's more about efficiency and process improvement rather than direct cost savings.

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Luther

1 year ago

Definitely, being able to handle more applications without extra staff is a big cost saver.

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Jesus

1 year ago

I'm leaning towards B as well. It's all about reducing costs and increasing productivity.

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Francoise

1 year ago

I think C. Soft savings could also be a possibility. It's about improving processes.

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Trinidad

1 year ago

I agree, B. Hard savings makes the most sense in this case.

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Rodolfo

1 year ago

I agree, B. Hard savings makes the most sense. Efficiency is key.

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Jospeh

1 year 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

1 year 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

1 year 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

1 year 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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