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L4M7 Exam Dumps : Whole Life Asset Management

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Whole Life Asset Management Questions and Answers

Question 1

PPC Refinery (UK) must close down an out-of-date refinery which has very poor environmental performance. The refinery is very sophisticated with many technically complicated machineries, lubricants, coolants and other chemical substances. Decommissioning the refinery is highly risky and hazardous. To manage the decommissioning process well, PPC project team must know these machineries and substances in details. Which document can provide the technical details on the refinery?

Options:

A.

Original specifications

B.

Non-disclosure agreement

C.

Code of Conduct

D.

Corporate social responsibility policy

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Question 2

A brewery sells its beer in aluminum cans. It recycles the cans by using contractors to collect and mold the used cans. This is an example of...?

Options:

A.

Closed-loop recycling

B.

Carbon recycling

C.

Open-loop recycling

D.

Reuse

Question 3

An organisation always obtains negative cash flow regarding removal and disposal of assets. Is this statement true?

Options:

A.

No, the organisation may recover the value of the assets by reselling it

B.

Yes, the organisation incurs high maintenance cost during the disposal processes

C.

Yes, some assets require enormous decommissioning costs

D.

No, disposal of assets always bring positive cash flow to the organisation