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CIPS L4M7 exam
  • Exam Code: L4M7
  • Exam Name: CIPS Whole Life Asset Management
  • Version: V12.35
  • Q & A: 70 Questions and Answers
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NEW QUESTION: 1
A client plans to use financial statements in Dynamics 365 Finance. The client wants to process the statements by using various combinations of the components to create custom reports.
You need to associate the report components to the purpose.
Which report components should you use for each purpose? To answer, drag the appropriate component to the correct purpose. Each component may be used once, more than once, or not at all. You may need to drag the split bar between panes or scroll to view content.
NOTE: Each correct selection is worth one point.

Answer:
Explanation:

Reference:
https://docs.microsoft.com/en-us/dynamics365/fin-ops-core/dev-itpro/analytics/financial-report-components

NEW QUESTION: 2
A perpetual inventory system uses a minimum quantity on hand to initiate purchase ordering procedures for restocking. In reviewing the appropriateness of the minimum quantity level established by the stores department, the internal auditor is least likely to consider:
A. Optimal order sizes determined by the economic order quantities model.
B. Stock out costs, including lost customers.
C. Available storage space and potential obsolescence.
D. Seasonal variations in forecasting inventory demand.
Answer: A
Explanation:
The basic economic order quantity (EOQ) model is based on the following variables: demand, variable cost per purchase order, and variable unit carrying cost. Thus, minimum stocking levels do not affect the EOQ.

NEW QUESTION: 3
Which one of the following do major incidents require?
A. Separate procedures
B. Longer timescales
C. Less documentation
D. Less urgency
Answer: A

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