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Pass L4M7 Exam Guide

Page: 4 / 5
Total 135 questions

Whole Life Asset Management Questions and Answers

Question 13

A supermarket calculates that the average holding cost for an item is $1.50 per cubic meter per day. A beer pallet which has volume of 0.5 cubic meter will be stored for 5 days. What is the holding cost of this beer pallet?

Options:

A.

$4.00

B.

$4.50

C.

$4.25

D.

$3.75

Question 14

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

Question 15

Which of the following is another name for scheduled (routine) maintenance?

Options:

A.

Preventative maintenance

B.

Predictive maintenance

C.

Run to breakdown

D.

Corrective maintenance

Question 16

Toll Group has thousands of end-of-life IT assets that need to be disposed of. The senior manage-ment of Toll Group is largely concerned about sustainability in waste management, especially electronic waste. Before selecting a supplier to manage the process, the procurement team is required to assess the environmental risks regarding disposal of the assets. Risk assessment is basically based on the measurement of which factors?

1. Impact

2. Reward

3. Surveillance

4. Likelihood

Options:

A.

1 and 4 only

B.

2 and 4 only

C.

2 and 3 only

D.

1 and 3 only

Page: 4 / 5
Total 135 questions