EXAMINATIONS L4M7 ACTUAL QUESTIONS - LATEST L4M7 TEST TESTKING

Examinations L4M7 Actual Questions - Latest L4M7 Test Testking

Examinations L4M7 Actual Questions - Latest L4M7 Test Testking

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Tags: Examinations L4M7 Actual Questions, Latest L4M7 Test Testking, Test L4M7 Guide Online, L4M7 Valid Exam Labs, L4M7 Reliable Exam Braindumps

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And you can also use the CIPS L4M7 PDF on smart devices like smartphones, laptops, and tablets. The second one is the web-based CIPS L4M7 practice exam which can be accessed through the browsers like Firefox, Safari, and Google Chrome. The customers don't need to download or install excessive plugins or software to get the full advantage from web-based L4M7 Practice Tests.

The CIPS L4M7 Exam is comprehensive and covers a wide range of topics, including financial analysis, sustainability, and risk management. It requires a high level of dedication and commitment from candidates, but the rewards are well worth the effort. L4M7 exam is an excellent opportunity for asset management professionals to demonstrate their expertise and advance their careers.

CIPS L4M7 exam is suitable for a range of professionals, including asset managers, facilities managers, engineers, and procurement specialists. It is particularly relevant for those working in the areas of infrastructure, utilities, and property management, where assets are often large and complex, and have a significant impact on the organization's overall performance. CIPS Whole Life Asset Management certification is recognized globally, offering professionals the opportunity to build their careers both nationally and internationally.

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CIPS Whole Life Asset Management Sample Questions (Q150-Q155):

NEW QUESTION # 150
An organisation always obtains negative cash flow regarding removal and disposal of assets. Is this statement true?

  • A. Yes, the organisation incurs high maintenance cost during the disposal processes
  • B. Yes, some assets require enormous decommissioning costs
  • C. No, disposal of assets always bring positive cash flow to the organisation
  • D. No, the organisation may recover the value of the assets by reselling it

Answer: D

Explanation:
Assets in their end of life need to be removed or disposed. Though an organisation can incur some costs in decommissioning or removal of the assets, it may recover costs by reselling the assets. Therefore, sometimes the organisation can gain positive cash flow from removal and disposal of assets. The answer should be "No, the organisation may recover the value of the assets by reselling it".
LO 3, AC 3.3


NEW QUESTION # 151
Which of the following are main objectives of warehouse operations? Select TWO that apply.

  • A. To create sufficient space for redundant stock
  • B. To maintain the highest level of buffer stock
  • C. To generate check digits for a product code
  • D. To ensure stock available when customers demand
  • E. To minimise stock loss and deterioration

Answer: D,E

Explanation:
The purposes of stores and warehouses are:
1. Maximum use of space.
2. Ready access to all items.
3. Efficient movement of goods.
4. Effective utilization of labour & equipment's
5. Maximum protection of items
6. Good-house-keeping.
Reference:
- Warehousing: Meaning, Objectives and Functions
- CIPS study guide page 3
LO 1, AC 1.1


NEW QUESTION # 152
Manufacturing resources planning (MRP II) was developed from material requirement planning (MRP).
Which of the following is the additional input that is available in MRP II but does not ap-pear in MRP?

  • A. Inventory records
  • B. Finance
  • C. Bill of materials
  • D. Master production schedule

Answer: B

Explanation:
MRP I was some of the first business software to be widely adopted during the 1970s. Manufacturers sought these systems in order to improve efficiency and accuracy when it came to basic processes such as production scheduling and inventory management.
By the 1980s, manufacturers realized they needed software that could also tie into their accounting systems and forecast inventory requirements. Enter MRP II, which included these integrations in addition to all the capabilities offered by MRP I. Enterprise resource planning (ERP) software features-which we'll cover later on-are included in the following table for comparison.
Graphical user interface Description automatically generated


NEW QUESTION # 153
Which of the following best describes category 'A' in ABC analysis in inventory management?

  • A. Items with high uncertainty
  • B. Items with high values
  • C. Items that represent approximately 15% of total value
  • D. Items with low uncertainty

Answer: B

Explanation:
ABC classifications are applied to stock and its management is based loosely on the Pareto princi-ple, better known as the 80/20 rule.
The likely outcome of analysis of inventory (value importance):
- Category A - about 20% of the stock items account for about 80% of the total inventory value. Items in category A have the highest value.
- Category B - about 30% of items account for about 15% of total inventory value
- Category C - the remaining 50% of items account for 5% of the total inventory value


NEW QUESTION # 154
A hospital is purchasing a new software product that will advise nurses when to give medications to hospitalised patients. This is a mobile application that will be used on tablets carried by the nurses. The software is being developed and tested by a company that specialises in mobile medical applications. This software will interface with existing hospital software that orders the medications from the pharmacy. Which acceptance test activity will be required to check whether the new software integrates well with current IT system?

  • A. Stress testing
  • B. Dry running
  • C. Compatibility testing
  • D. Health and safety testing

Answer: C

Explanation:
In the scenario, one of the requirements for the new software is that the new one will interface with current system. Compatibility testing would be the most appropriate test here.
There are also other acceptance tests that are mentioned in L4M7 study guide:
- Health and safety test aims at establishing new health and safety routines, providing guidance notices and documentation and ensuring designed-in safety in operation.
- Stress testing (sometimes called torture testing) is a form of deliberately intense or thorough testing used to determine the stability of a given system, critical infrastructure or entity. It involves testing beyond normal operational capacity, often to a breaking point, in order to observe the results.
- A dry run (or a practice run) is a testing process where the effects of a possible failure are inten-tionally mitigated. For example, an aerospace company may conduct a "dry run" test of a jet's new pilot ejection seat while the jet is parked on the ground, rather than while it is in flight.
The usage of "dry run" in acceptance procedures (for example in the so-called FAT = factory ac-ceptance testing) is meant as following: the factory - which is a subcontractor - must perform a complete test of the system it has to deliver before the actual acceptance by customer.


NEW QUESTION # 155
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