GAQM CLSSYB-001 Exam - Topic 6 Question 51 Discussion

Actual exam question for GAQM's CLSSYB-001 exam

Question #: 51
Topic #: 6

A Belt has determined that the insurance claim form needn't be reviewed by accounting thereby improving the number of claims a processer can handle. According to Cost of Poor Quality (COPQ) definitions RTY improvement would be considered _______________.

ADownsizing savings

BMedian savings

CSoft savings

DHard savings

Show Suggested Answer

Suggested Answer: D

by Germaine at Jul 06, 2024, 11:41 AM

Limited Time Offer

25%

Off

Get Premium CLSSYB-001 Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Genevieve

7 months ago

Interesting point, but I have my doubts about the long-term effects.

upvoted 0 times

...

Dong

8 months ago

I think it's hard savings too, makes sense!

upvoted 0 times

...

Myra

8 months ago

Wait, are we sure it's not soft savings?

upvoted 0 times

...

Val

8 months ago

Definitely agree, it's all about efficiency gains.

upvoted 0 times

...

Sanda

8 months ago

Sounds like a classic case of hard savings!

upvoted 0 times

...

Erick

9 months ago

I feel like this question is similar to one we did in class about process improvements. I think it was hard savings, but I could be mixing it up with something else.

upvoted 0 times

...

Lamonica

9 months ago

I’m a bit confused. I thought RTY improvements could fall under soft savings because they might not directly translate to immediate cash flow.

upvoted 0 times

...

Han

9 months ago

I remember practicing a question about COPQ, and I think hard savings were defined as tangible cost reductions. So, maybe D is the right answer?

upvoted 0 times

...

Ryan

9 months ago

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

upvoted 0 times

...

Emilio

9 months ago

I'm a little confused by the wording of this question. What exactly is the connection between RTY improvement and the different COPQ savings categories? I'll need to review my notes on COPQ to make sure I understand this properly before answering.

upvoted 0 times

...

Madelyn

9 months ago

Okay, let me break this down. The key is understanding how RTY (right-the-first-time) improvement relates to the COPQ definitions. If the insurance claim form no longer needs to be reviewed by accounting, that should reduce rework and improve RTY, which I believe would be considered a "soft" savings. I'll go with C.

upvoted 0 times

...

Pok

9 months ago

Hmm, I'm a bit unsure about this one. The question mentions RTY improvement, but I'm not sure how that relates to the different types of COPQ savings. I'll need to think this through carefully.

upvoted 0 times

...

Dorothea

9 months ago

This question seems straightforward. I think the answer is C, Soft savings, since the improved process would reduce the time and effort required to handle insurance claims, but wouldn't directly reduce costs.

upvoted 0 times

...

Mariko

9 months ago

I'm a bit confused on this one. There are a few different ways we could approach it, but I'm not sure which combination of steps is the best. I'll have to think it through carefully.

upvoted 0 times

...

Stephane

10 months ago

This is a good one! I remember learning about this in class. The Athenians were welcomed by the soldiers from Plataea, so I'll select option A.

upvoted 0 times

...

Shaunna

1 year ago

Finally, a question I can sink my teeth into! 'Hard savings' is the way to go, no doubt about it. Unless, of course, the answer is 'Soft Tacos' - in which case, I'm getting lunch.

upvoted 0 times

Marisha

1 year ago

'Soft savings' wouldn't have the same impact as 'Hard savings' in this scenario.

upvoted 0 times

...

Elroy

1 year ago

Definitely, 'Hard savings' is the way to go for RTY improvement.

upvoted 0 times

...

Noelia

1 year ago

I agree, 'Hard savings' is the correct answer here.

upvoted 0 times

...

Stephaine

1 year ago

Median savings? Is this a statistics exam or a LEAN certification? 'Hard savings' all the way, folks.

upvoted 0 times

Solange

1 year ago

Soft savings may sound nice, but hard savings are what really make a difference.

upvoted 0 times

...

Matilda

1 year ago

Definitely, hard savings are more tangible and impactful.

upvoted 0 times

...

Soledad

1 year ago

I agree, hard savings is the way to go.

upvoted 0 times

...

Yvonne

1 year ago

Hard savings

upvoted 0 times

...

Willow

1 year ago

Downsizing savings? What is this, a corporate restructuring exercise? Clearly, the right answer is 'Hard savings' - the kind that actually impact the bottom line.

upvoted 0 times

...