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CIPS Level 4 Whole Life Asset Management L4M7 Exam Questions & Answers
Practice 19 free CIPS Level 4 Whole Life Asset Management L4M7 exam questions with answers and community-discussed explanations. Each question has its own page where you can reveal the correct answer and debate it in the comments.
All 19 questions
- Q1 Which materials, commonly used for void fill in packaging, are detrimental to the environment?
- Q2 What category of inventory costs includes the opportunity cost of the money invested in inventory?
- Q3 A supermarket calculates that the average holding cost for an item is $1.50 per cubic meter per day. A beer pallet which…
- Q4 20240523Should all warehouses be located as close to the customers as possible?
- Q5 What factors should an organisation take into account when it decides to get rid of outdated and surplus stock? Select TWO that…
- Q6 Before buying a capital asset, an organisation should weigh the costs and benefits of the asset. What factors are included in this…
- Q7 How much does it cost to store a pallet of cooking oil in a warehouse for 7 days if the space cost…
- Q8 Which of the following are classified as part of the acquisition cost for an asset? Select TWO that apply.
- Q9 Rowan suggests that his organization could gain benefits if they switch to a Whole-life Asset Management (WLAM) approach. He calls for the…
- Q10 An ISBN is a unique code that identifies a specific edition or format of a book published by a certain publisher. It…
- Q11 Which of the following should be considered in calculating Total Cost of Ownership?
- Q12 Simba has a small bakery and he wants to know his reorder point for flour. He uses up to 12 bags a…
- Q13 When does obsolete stocks happen? Select TWO that apply:
- Q14 In ABC analysis, category C is also known as...?
- Q15 What data does an organisation need to input into MRP software to manage material requirements for manufacturing processes? Select THREE that apply.
- Q16 What is true about the costs of holding inventory?
- Q17 How do gross material requirements plan (gross MRP) and net material requirements plan (net MRP) differ?
- Q18 Brett's warehouse is becoming more busy with a lot of items in and out. The racks almost reach their capacity. Brett suggests…
- Q19 PPC Refinery (UK) has to shut down an old refinery that is bad for the environment. The refinery has many complex machines…
