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L4M2 Exam Dumps : Defining Business Needs

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Defining Business Needs Questions and Answers

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Question 1

Which of the following statements describes a correct example of an indirect cost?

Options:

A.

The wages of an automotive electrician responsible for testing vehicle lights during a night shift at a car assembly plant

B.

The cost of alloy rims fitted on new cars during the night shift at a car assembly plant

C.

The salary of the manager in charge of the night shift in the car assembly plant

D.

The cost of paint used in the manufacture of new cars during the night shift at a car assembly plant

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Question 2

CP Group places emphasis on the following business objectives:

Responsive production processes to react quickly to market changes

Collaboration and technological integration

New products launched and on sale very quicklyWhich of the below business markets does CP Group belong to?

Options:

A.

Construction

B.

Financial

C.

Retail

D.

Agriculture

Question 3

A buyer can use sources of information to review indirect costs associated with the manufacture of goods to support negotiations. Is this statement true?

Options:

A.

No, because the supplier’s quotation is the only source of information

B.

Yes, because the buyer can understand the cost build-up of the goods

C.

No, because the only information available is for direct costs

D.

Yes, because indirect costs are always variable

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