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AAPC CPC CERTIFICATION OF TEST EXAMS WITH VERIFICATION QUESTIONS AND CORRECT ANSWERS, Exams of Nursing

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Typology: Exams

2024/2025

Uploaded on 02/09/2025

lectwiseman
lectwiseman 🇺🇸

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CIPS EXAMS WITH VERIFICATION QUESTIONS
AND CORRECT ANSWERS
3 E's of added value
- ANSWERS-· Efficiency
· Economies
· Effectiveness
5s Framework
- ANSWERS-· Sort
· Set in order
· Shine
· Standardise
· Sustain
Brand can add value by providing
- ANSWERS-· Awareness
· Engagement
· Communication
Customers - ANSWERS-these are individuals or businesses external to the organisation that have
a need and are willing to pay for the goods or services
Economies of scale is achieved when - ANSWERS-quantity of a product increases and the prices
per unit reduces
Economies of scale supplier advantages - ANSWERS-- Lower raw material prices
- Machinery running times
- Less down time
- Less administrative work
Five rights of procurement
- ANSWERS-· Quantity
· Quality
· Time
· Place
· Price
Fixed cost - ANSWERS-a cost that remains constant in the short term irrespective of production
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CIPS EXAMS WITH VERIFICATION QUESTIONS

AND CORRECT ANSWERS

3 E's of added value

  • ANSWERS-· Efficiency · Economies · Effectiveness 5s Framework
  • ANSWERS-· Sort · Set in order · Shine · Standardise · Sustain Brand can add value by providing
  • ANSWERS-· Awareness · Engagement · Communication Customers - ANSWERS-these are individuals or businesses external to the organisation that have a need and are willing to pay for the goods or services Economies of scale is achieved when - ANSWERS-quantity of a product increases and the prices per unit reduces Economies of scale supplier advantages - ANSWERS-- Lower raw material prices
  • Machinery running times
  • Less down time
  • Less administrative work Five rights of procurement
  • ANSWERS-· Quantity · Quality · Time · Place · Price Fixed cost - ANSWERS-a cost that remains constant in the short term irrespective of production volumes

Kaizen - ANSWERS-an approach involving continuous improvement. A long term approach, that seeks to make small changes in processes to improve quality and efficiency Key areas that should be considered in order to achieve value for money

  • ANSWERS-· Product or service price · Currency and exchange rates · Freight costs · Maintenance costs · Warranty · Environmental factors · Supplier reputation · Order requisitions · Packaging · Payment terms · Quality Lean
  • ANSWERS-· Motion · Inventory · Over-production · Waiting · Defects · Over processing · Transportation Lean thinking - ANSWERS-based on 7 types of waste that may be hindering success. A methodology that aims to create more value with fewer resources Lifetime costing - ANSWERS-total anticipated costs of designing, procuring, acquiring, running and disposing of fixed asset during its life time Organisational success factors
  • ANSWERS-· People · Purpose · Procedures · Customers · Resources People - ANSWERS-individuals who work for or are involved with the organisations contribute towards its success Procedures - ANSWERS-tasks that individuals are expected to do in order to meet the organisations objectives Procurement can build up efficiency by
  • ANSWERS-· Thinking of the best way to purchase a product or service · Build relationships with suppliers and internal customers · Communicate · Keep up to date technology