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L4M7 Exam Dumps : Whole Life Asset Management

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Whole Life Asset Management Questions and Answers

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Question 1

Which of the following represents the end-of-life cost of an asset?

Options:

A.

Payment of the suppliers' final invoice after the asset is commissioned

B.

The cost of replacing the asset if it is damaged in an accident

C.

The cost of decommissioning and scrapping the asset

D.

Disposal of waste generated from use

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Question 2

Which ONE of the following correctly differentiates between obsolescent and redundant stock?

Options:

A.

Obsolescent stock is in short supply; redundant stock has no current supplier with stock available

B.

Obsolescent stock is damaged goods that need returning to suppliers; redundant stock is no longer stocked by the organisation

C.

Obsolescent stock has been updated by another item but can still be used; redundant stock is no longer used by an organisation

D.

Obsolescent stock has been supplied by a failed supplier; redundant stock requires quality testing before use

Question 3

What are the contents of master production schedule in MRP system?

Options:

A.

The investment required for production

B.

How many final products will be made and when to make them

C.

The total number of labour required to produce the final product

D.

What components and materials are and when to purchase them

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