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CIPS L4M7 Certification Exam is ideal for individuals who are involved in asset management roles within their organization, such as facilities managers, maintenance managers, and procurement professionals. It is also suitable for those who are looking to enhance their skills and knowledge in asset management to pursue a career in this field. By obtaining this certification, professionals will be able to demonstrate their expertise in asset management principles and practices, which can help them to advance their careers and improve their job prospects.

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CIPS Whole Life Asset Management Sample Questions (Q247-Q252):

NEW QUESTION # 247
Do all types of warehouses require access to daylight to reduce the cost of electricity?

A. Yes, because sunlight sterilises inventories in damp conditions
B. No, because only ventilation can help to reduce the humidity in the warehouse
C. No, because some types of stock are sensitive to sunlight
D. Yes, because organisation's need for artificial lighting and heating will reduce

Answer: C

Explanation:
The design of a building should consider the advantages of natural light as this can reduce the cost of artificial lighting and improve the environmental performance of the building. Daylight entering the building can also help reduce heating costs. Unfortunately some stocks react badly to direct sunlight, and some stock reacts badly to extreme of temperature or may require a specific temperature for storage. Some stock may require a warmer temperature than the ambient temperature and other stocks may require cooler temperature. For example, fabric and garment are sensitive to direct sunlight as ultraviolet light catalyses a reaction between the water present in all fabrics and atmospheric oxygen to create hydrogen peroxide. This is a bleaching agent and breaks down the chemical bonds that give dyes their colour.

NEW QUESTION # 248
PPC Refinery (UK) must close down an out-of-date refinery which has very poor environmental performance.
The refinery is very sophisticated with many technically complicated machineries, lubricants, coolants and other chemical substances. Decommissioning the refinery is highly risky and hazardous. To manage the decommissioning process well, PPC project team must know these machineries and substances in details.
Which document can provide the technical details on the refinery?

A. Original specifications
B. Code of Conduct
C. Non-disclosure agreement
D. Corporate social responsibility policy

Answer: A

Explanation:
Decommissioning or disposal should start with the original specifications of the assets so that the organisation and supplier can make an appropriate plan. Some specifications also mention the is-sues regarding to end-of- life environmental factors.

NEW QUESTION # 249
Holding inventory is key to ensure that an organisation can maintain production and meet customer demands.
Which of the following are classes of inventory? SelectTHREEthat apply.

A. Sub-assemblies
B. Machines
C. Raw material
D. Finished products
E. Scrap components
F. Forklift trucks

Answer: A,C,D

NEW QUESTION # 250
Staff at DIY Products Inc (DPI) have been experiencing issues with the identification of stock items. The current labelling system is outdated and unreliable. DPI has therefore invested in a machine-readable approach. Each item has a unique number that is attached visibly to the packaging. This number can be deciphered by a scanner to aid identification. This approach is known as which of the following?

A. Standard certification
B. Bar coding
C. Order tracking
D. Product tagging

Answer: B

NEW QUESTION # 251
Which of the following statements holds true about inventory holding costs?

A. They are independent of the average stock level
B. They decline as the cost of the inventory item rises
C. They always exceed total ordering costs
D. They depend upon the opportunity cost of tying up funds and the average value of the stock holding

Answer: D

Explanation:
Holding costs (carrying costs) are the costs associated with the storage and handling of physical stock. There are two different types of holding costs:
- Costs related to the value of the goods: financial costs (i.e. the interest on the working capital tied up in inventory, which may be the bank borrowing rate or the company's target for return on capital); cost of insurance; losses due to product deterioration; losses due to obsolescence and redundancy of inventory; losses due to theft, accidental damage etc.
- Costs related to the physical characteristics of the inventory include the following: storage space; power, heat and lighting of the store; movement equipment; labour costs; administration costs.

NEW QUESTION # 252
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CIPS L4M7 Test Dumps Free, L4M7 Certificate Exam

CIPS Whole Life Asset Management Sample Questions (Q247-Q252):

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