CPIM-8.0 Exam Dumps - Certified in Planning and Inventory Management (CPIM 8.0)

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Question # 113

What document MOST likely states an organizationâ€™s values?

Union labor agreement

Information protection policy

Code of conduct

Management standards

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Question # 114

An organization is preparing for a natural disaster, and management is creating a Disaster Recovery Plan (DRP). What is the BEST input for prioritizing the restoration of vital Information Technology (IT) services?

By priority as defined by the critical assets list

The latest Continuity Of Operations Plan (COOP)

Senior management assessment and approval

The latest Business Impact Analysis (BIA)

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Question # 115

Access Control Lists (ACL), protection bits, and file passwords are typical examples of which of the following access control methods?

Discretionary.

Attribute-based.

Mandatory.

Role-based.

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Question # 116

Which of the following statements is an assumption on which the economic order quantity (EOQ) model is based?

Customer demand is known but seasonal.

Items are purchased and/or produced continuously and not in batches.

Order preparation costs and inventory-carrying costs are constant and known.

Holding costs, as a percentage of the unit cost, are variable.

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Answer:

Explanation:

The economic order quantity (EOQ) model is a formula that calculates the optimal order quantity that minimizes the total inventory costs, such as ordering costs and holding costs. The EOQ model is based on several assumptions, one of which is that the order preparation costs and inventory-carrying costs are constant and known. This means that the costs of placing and receiving an order, and the costs of storing and maintaining the inventory, do not change with the order quantity or the inventory level, and that they can be estimated accurately12.

The other options are not correct because:

â€¢A. Customer demand is known but seasonal. This is not an assumption of the EOQ model, but rather a violation of it. The EOQ model assumes that the customer demand is constant and known, and that the orders are placed at regular intervals. However, if the customer demand is seasonal, it means that it varies over time and may not be predictable. This can affect the accuracy and applicability of the EOQ model, as the optimal order quantity may change with the demand pattern12.

â€¢B. Items are purchased and/or produced continuously and not in batches. This is not an assumption of the EOQ model, but rather a contradiction of it. The EOQ model assumes that the items are purchased and/or produced in batches, and that the inventory level decreases gradually until it reaches zero, at which point a new order is placed and received. However, if the items are purchased and/or produced continuously, it means that there is no need to place orders or maintain inventory, and the EOQ model becomes irrelevant12.

â€¢D. Holding costs, as a percentage of the unit cost, are variable. This is not an assumption of the EOQ model, but rather a complication of it. The EOQ model assumes that the holding costs, as a percentage of the unit cost, are constant and known. This means that the cost of storing and maintaining one unit of inventory does not depend on the unit cost of the item, and that it can be estimated accurately. However, if the holding costs, as a percentage of the unit cost, are variable, it means that the cost of storing and maintaining one unit of inventory changes with the unit cost of the item, and that it may not be easy to estimate. This can affect the accuracy and applicability of the EOQ model, as the optimal order quantity may depend on the unit cost of the item12.

References := 1 Economic Order Quantity Model in Inventory Management - Investopedia1 2 Economic Order Quantity: What Does It Mean and Who Is It Important For? - Investopedia2

Question # 117

What is the MOST effective way to begin a risk assessment?

Reviewing the policy, objectives, mandate, and commitment to manage risk

Learning the organization's ability to accept and/or manage risks

Identifying the resources available to manage risks within the organization

Identifying the nature of the risks faced by the organization

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Question # 118

Which is the MOST valid statement around the relationship of security and privacy?

A system designed with security provides individuals with data privacy by default.

Nonrepudiation protects against unauthorized disclosure of private data.

Privacy in the realm of physical security often entails trade-offs with security.

Privacy and security are mutually exclusive.

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Question # 119

A security engineer must address resource sharing between various applications without adding physical hardware to the environment. Which secure design principle is used to BEST segregate applications?

Network firewalls

Logical isolation

Application firewalls

Physical isolation

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Question # 120

When implementing solutions for information security continuous monitoring, which method provides the MOST interoperability between security tools?

Continuous Integration and Continuous Delivery (CI/CD)

Common Vulnerabilities and Exposures (CVE)

Security Content Automation Protocol (SCAP)

Common Vulnerability Scoring System (CVSS)

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