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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

Long-term forecasting of demand using a subjective method is based on a...

Options:

A.

Predicted cash flow forecast levels used by the organisation

B.

Method of calculating the price in detail within the supply chain

C.

Qualitative, informal, experience-based, or intuitive method

D.

Quantitative, explicit, statistical, or formal method

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Question 2

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

Question 3

RFID uses radio frequencies for the purpose of identification and tracking of assets. Which of the following are disadvantages of using RFID? SelectTHREEthat apply.

Options:

A.

RFID can be too expensive for many applications as compared to other tracking and identification methods

B.

RFID is a restriction in managing the updates of stocks during the transportation of products

C.

Interference has been observed to take place in RFID systems when devices such as hand-held, portable, two-way radios are in use

D.

RFID provides a much less robust type of security as compared to other forms of scanning system

E.

It is difficult for an RFID reader to read the information where tags are installed in liquid or metal products

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