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L4M7 Exam Dumps : Whole Life Asset Management

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Whole Life Asset Management Questions and Answers

Question 1

A company does not have enough space to hold inventory to satisfy an external foreign market. Therefore, the board of directors have decided that the company would buy stock in bulk and pay a fee for storage to a third-party warehouse provider local to the foreign market. This would allow the company to focus on other aspects of the business. The stock will be called off as and when required. Which of the following strategies is being pursued by this company?

Options:

A.

Cross-docking

B.

Insourcing

C.

Outsourcing

D.

Partnering

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Question 2

Which of the following lists all components, ingredients, and materials required to produce the final product?

Options:

A.

Master schedule

B.

Engineering change notice

C.

Purchase order

D.

Bill of materials

Question 3

Nuclear Energy Group Limited (NEG) has a number of investment options currently under appraisal. As these are all long-term investments (more than 30 years), NEG is adopting a total cost of ownership approach. It has gathered data on all associated costs over the life of the investment. Which of the following will be regarded as end-of-life costs?

Options:

A.

Insurance costs

B.

Servicing costs

C.

Installation costs

D.

Decommissioning costs