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CIPS L4M7 Exam With Confidence Using Practice Dumps

Exam Code:
L4M7
Exam Name:
Whole Life Asset Management
Vendor:
Questions:
255
Last Updated:
Jun 30, 2025
Exam Status:
Stable
CIPS L4M7

L4M7: CIPS Level 4 Diploma in Procurement and Supply Exam 2025 Study Guide Pdf and Test Engine

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Whole Life Asset Management Questions and Answers

Question 1

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?

Options:

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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Question 2

A supplier delivers large quantities of inventory to its customer's store, but only charges for the goods as and when they are used. This can be described as...?

Options:

A.

Consignment stock

B.

Components inventory

C.

Multi-stage inventory

D.

Multi-echelon stock

Question 3

Which of the following is the Japanese word for ‘billboard’ or ‘signboard’?

Options:

A.

Muda

B.

Kaizen

C.

Poka-Yoke

D.

Kanban