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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 among the following are the tools for reducing acquisition costs in purchasing?

1. Procurement card

2. Automated Storage & Retrieval System

3. Porter's value chain

4. P2P system

Options:

A.

2 and 3 only

B.

1 and 3 only

C.

2 and 4 only

D.

1 and 4 only

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Question 2

The size of order that minimises the total cost of acquiring and holding stock is known as...

Options:

A.

Order quantity

B.

Economic Order Quantity

C.

The correct quantity

D.

Average stock

Question 3

Which costs in the following list are categorised as operation costs in the total cost of ownership model? Select TWO that apply.

Options:

A.

Decommissioning costs

B.

Costs of any person who operates the equipment

C.

Installation and configuration costs

D.

Delivery costs

E.

Costs of consumables

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