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Whole Life Asset Management

Last Update 11 hours ago Total Questions : 294

The Whole Life Asset Management content is now fully updated, with all current exam questions added 11 hours ago. Deciding to include L4M7 practice exam questions in your study plan goes far beyond basic test preparation.

You'll find that our L4M7 exam questions frequently feature detailed scenarios and practical problem-solving exercises that directly mirror industry challenges. Engaging with these L4M7 sample sets allows you to effectively manage your time and pace yourself, giving you the ability to finish any Whole Life Asset Management practice test comfortably within the allotted time.

Question # 41

Zemora Clothing Inc. receives high-priced garments with devices hidden inside the lining. This is done to avoid possible fraudulent removal of the garments from

the shop. These tags are activated when the items arrive at the stores. When a

garment Is moved by a customer from a display area, security employees receive

an initial alert. An alarm rings if the customer passes through the doors of the

shop without paying for the items. Which of the following order tracking

technology is used by this company?

A.

Radio frequency identification

B.

Bar coding system

C.

Electronic data interchange

D.

Electronic resource planning

Question # 42

What is meant by the economic life of an asset?

A.

It is the age beyond which it is not worth keeping an asset from a cost point of view

B.

It is the point beyond which it is not possible to find anyone who has the skills to operate the asset

C.

It is when the asset ' s effective performance is below the standard required by the organisation

D.

It is the point beyond which it is not possible to obtain any spare parts for the asset

Question # 43

Which of the following is an acquisition cost under the concept of the total cost of ownership?

A.

Installation and commissioning cost

B.

Consumables and energy cost

C.

Servicing and repair cost

D.

Down time and overhaul cost

Question # 44

RFID uses radio frequencies for the purpose of identification and tracking of assets. Which of the following are disadvantages of using RFID? Select THREE that apply.

    RFID can be too expensive for many applications compared to other tracking and identification methods

    RFID tags have a limited amount of memory and are less effective than other product tracking systems

    It is difficult for an RFID reader to read the information where tags are installed in liquid or metal products

    Interference has been observed to take place in RFID systems when devices such as hand-held, portable, two-way radios are in use

    RFID provides a much less robust type of security compared to other forms of scanning systems

    RFID is a restriction in managing the updates of stocks during the transportation of products

A.

1, 3, and 4

B.

1, 2, and 5

C.

2, 4, and 6

D.

3, 5, and 6

Question # 45

Which of the following best defines ‘exponential moving average’?

A.

A forecasting technique where the average is calculated by dividing the sum of the val-ues by the number of values

B.

A process by which the reorder of an item is triggered by the inventory level dropping to a predetermined level

C.

A process by which a decision is taken at a period end or review point to determine how much to reorder

D.

A forecasting technique where each demand is multiplied by a weighting factor

Question # 46

The inventory manager has adopted significant coding of the stock owing to its many benefits, including standardisation and variety reduction. Is this the right approach to adapt?

A.

Yes, because significant coding uses colours and not numbers and therefore excess stock can be spotted visually

B.

Yes, because significant coding uses numbers that enable grouping and aggregating similar items to identify stock proliferation

C.

No, significant coding only helps in identifying stock items and their location to facilitate picking and issuing

D.

No, significant coding uses numbers which are not useful for standardisation unless combined with colour coding

Question # 47

An operations director (OD) is becoming concerned by the increasing volumes of inventory items held in storage. They initiate a review that shows an increasing

volume of finished goods that remain in storage after production. Further

investigation reveals that demand for these finished goods is now zero. Which of

the following describes the issue identified by the OD?

A.

Obsolescent stock

B.

Damaged stock

C.

Stock shortages

D.

Stock lead times

Question # 48

Warehouse automation involves the use of technology to perform as many warehousing tasks as possible. There are several benefits that can be gained by using automation in a warehouse. They are...

A.

Maintenance costs, downtime due to malfunction, investment costs, and reduced flexibility

B.

Decreased speed, increasing cost, improved efficiency, and maximising space

C.

Reduced customer service, reduced picking errors, reduced accidents, and minimised space utilisation

D.

Increased speed, decreasing cost, improved efficiency, and maximised space

Question # 49

Radio Frequency Identification (RFID) is an electronic technology that transmits data from tagged items. What are the advantages of RFID technology? Select TWO that apply.

A.

RFID technology uses barcodes but is not limited by distance from the item location

B.

RFID technology can be detected by both portable and fixed readers

C.

RFID technology can operate in a harsh physical environment

D.

RFID technology can cause a tag collision when numerous tags in the same area respond simultaneously

E.

RFID technology is very small and holds limited information

Question # 50

A construction organisation requires specialist equipment for digging deep foundations. Which of the following circumstances would result in the hire of equipment rather than leasing it?

A.

The subjective assessment of multiple factors for both hire and lease by the directors

B.

The expected frequency of use, the storage available, and the lease cost of the equipment compared to hiring it

C.

The results of a discounted cost analysis using comparative weekly payments for both hire and lease options

D.

The finance available and the potential profits available on the eventual sale of the leased equipment compared to hire costs

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