Get CIPS L5M7 Exam Practice Questions - Real and Updated

Answer : A

Primary data is information collected first-hand, including surveys, interviews, and questionnaires. Sandy's approach aligns with primary data collection methods.

Short cited extract: ''Primary data: original research such as questionnaires and interviews.'' (L5M7 Study Guide, p.141)

Answer : B

Manufacturing objectives emphasise efficiency through long production runs, stable design, and inventory buffering to ensure continuity of output.

Short cited term: ''manufacturing -- long runs and inventory buffer.'' (L5M7 Study Guide, p. 36)

Answer : B, C

Inventory valuation requires data on quantity in stock and unit purchase cost. These determine the total inventory value at any given time.

Short cited extract: ''Inventory value = number of items purchase cost.'' (L5M7 Study Guide, p.147)

Answer : A

The guide distinguishes a simple chain from a ''supply network,'' emphasising multi-tier interdependencies. Short extract: ''supply networks reflect multiple interdependent tiers.'' (L5M7 Study Guide, p.4)

Answer : B

The Mode is the value that appears most often in a dataset, distinguishing it from the mean (average) and median (middle value).

Short cited term: ''mode = most frequent value.'' (L5M7 Study Guide, p. 149)