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L4M2 Exam Simulator
  • Exam Code: L4M2
  • Exam Name: Defining Business Needs
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NEW QUESTION: 1
PZ has the following working capital ratios:

Which of the following could be the reason for the movements?
A. A new credit controller has been employed who has been more rigorous with their collection procedure of receivables.
B. The workforce of PZ have been on strike for a month during 20X1 but deliveries of inventory have still been received by the entity.
C. PZ has introduced a new policy to take discounts from suppliers during 20X1.
D. PZ has implemented a just-in-time system of ordering inventory during 20X1.
Answer: B

NEW QUESTION: 2
The most common form of service delivery is via government employees. It is this approach that has created bureaucracies at the national, regional, and, in some cases, local level. There are numerous fixed and variable costs associated with this approach. All of the following are types of costs EXCEPT:
A. Administrative costs (travel, training, employee relations, etc.).
B. Facility costs (workplace, equipment, office supplies, etc.).
C. Variable cost.
D. Personnel compensation (salary, retirement, insurance, accident compensation, etc.).
Answer: C

NEW QUESTION: 3
A company faces issues with their production system. The broker is throwing intermittent errors significantly affecting the business. The administrator is asked to raise a Problem Management Record (PMR) for the issue. What should be the severity of PMR raised by the administrator?
A. Severity 1
B. Severity 3
C. Severity 4
D. Severity 2
Answer: D

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