CPIM-BSP Free Practice Test

- (Topic 3)
Which of the following statements about strategic planning is true?

1. A. It is focused on the master production schedule (MPS) and the material requirements plan.
2. B. It helps integrate the plans of marketing and production.
3. C. It involves primarily personnel development and acquisition of long-lead-time materials.
4. D. It is top-level planning that is not tied to other planning activities.

Correct Answer: B

- (Topic 1)
A company's cost of goods sold would be found on which of the following financial documents?

1. A. Balance sheet
2. B. Income statement
3. C. Cash flow statement
4. D. Performance statement

Correct Answer: B

- (Topic 2)
The portion of a firm's inventory and planned production that is not already committed is referred to as:

1. A. planned order receipts.
2. B. projected inventory balance.
3. C. master production schedule due date.
4. D. available-to-promise.

Correct Answer: D

- (Topic 4)
Knowing average daily consumption and on hand inventory, a company can calculate:

1. A. storage cost.
2. B. days of supply.
3. C. annual usage rate.
4. D. annual cost of goods sold.

Correct Answer: B

- (Topic 4)
An appropriate reason to carry safety stock is to protect against:

1. A. demand fluctuations before the order point is reached.
2. B. demand fluctuations after the order point is reached.
3. C. price fluctuations before the order point is reached.
4. D. price fluctuations after the order point is reached.

Correct Answer: B