Apicscpim exam 1 - Study guides, Class notes & Summaries
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APICS/CPIM EXAM 1 COMPLETE QUESTIONS WITH CORRECT ANSWERS
- Exam (elaborations) • 14 pages • 2024
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APICS/CPIM EXAM 1 COMPLETE QUESTIONS 
WITH CORRECT ANSWERS. 
ABC classification -Answer-Process of classifying items in descending order based on annual 
dollar volume or some other criteria. The list is then split into 3 classes - A, B, and C. A 
represents 10-20% of items but 50-70% of dollar volume; B represents 20% of items and 20% of 
dollar volume; C represents 60-70% of items but 10-30% of dollar volume. This principle states 
that effort and money can be saved by applying looser controls...
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APICS/CPIM EXAM 1 COMPLETE QUESTIONS WITH CORRECT ANSWERS.
- Exam (elaborations) • 11 pages • 2024
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APICS/CPIM EXAM 1 COMPLETE QUESTIONS WITH CORRECT ANSWERS. 
t/f: ERP systems coordinate multiple databases used to gather and maintain the firm's essential data 
false 
 
 
Which of the following are aspects of ERP systems? 
1. Multifunctional- able to provide data concerning many parts of the firm 
2. Modular- able to combine selected components into a single system 
3. Independent- each functional area has its own system and data and maintains control of that system and data 
1 and 2 
 
 
ERP...
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APICS/CPIM EXAM 1 COMPLETE QUESTIONS WITH CORRECT ANSWERS.
- Exam (elaborations) • 14 pages • 2024
- Available in package deal
-
- $12.49
- + learn more
APICS/CPIM EXAM 1 COMPLETE QUESTIONS 
WITH CORRECT ANSWERS. 
ABC classification -Answer-Process of classifying items in descending order based on annual 
dollar volume or some other criteria. The list is then split into 3 classes - A, B, and C. A 
represents 10-20% of items but 50-70% of dollar volume; B represents 20% of items and 20% of 
dollar volume; C represents 60-70% of items but 10-30% of dollar volume. This principle states 
that effort and money can be saved by applying looser controls...
-
APICS/CPIM Exam 1 Questions With Verified Answers
- Exam (elaborations) • 13 pages • 2024
- Available in package deal
-
- $10.99
- + learn more
t/f: ERP systems coordinate multiple databases used to gather and maintain the firm's essential data - Answer false 
 
Which of the following are aspects of ERP systems? 
1. Multifunctional- able to provide data concerning many parts of the firm 
2. Modular- able to combine selected components into a single system 
3. Independent- each functional area has its own system and data and maintains control of that system and data - Answer 1 and 2 
 
ERP systems perform which of the following tasks?...
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APICS/CPIM exam 1 | 115 Questions and Answers 100% Verified
- Exam (elaborations) • 12 pages • 2023
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Available in package deal
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APICS/CPIM exam 1 | 115 Questions and Answers 100% Verified
And that's how you make extra money
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APICS/CPIM EXAM 1 COMPLETE QUESTIONS WITH CORRECT ANSWERS.
- Exam (elaborations) • 9 pages • 2024
-
Available in package deal
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- $13.99
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APICS/CPIM EXAM 1 COMPLETE QUESTIONS WITH CORRECT ANSWERS.
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