Certified Supply Chain Professional (CSCP) Practice Exam

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Prepare for the Certified Supply Chain Professional (CSCP) Exam with an interactive quiz that assesses your knowledge through flashcards and multiple-choice questions. Each question includes hints and detailed explanations to reinforce your learning and help you get ready for the test.

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

Which of the following are considered tangible costs?

Costs associated with company reputation
Costs that have no market value
Costs that can be assigned a measurable value like market value
Costs related to customer satisfaction

The correct answer is: Costs that can be assigned a measurable value like market value

Tangible costs refer to costs that can be quantified and assigned a measurable value, typically having a direct impact on the financial statements of an organization. This includes expenses that are easily identifiable and can be expressed in monetary terms, such as raw materials, labor, and operational expenses. Choosing the option that reflects costs that can be assigned a measurable value like market value is correct because it directly aligns with the definition of tangible costs. These costs can be tracked, analyzed, and managed, making them critical in financial assessments and decision-making processes within supply chains and businesses. In contrast, costs associated with company reputation, costs with no market value, and costs related to customer satisfaction are classified as intangible costs. These costs may impact a company’s financial performance but cannot be easily quantified or measured in a straightforward way, making them more complex to account for in financial planning and accounting.