최신 L4M7 무료덤프 - CIPS Whole Life Asset Management

문제1

The purchase-order lead time is the...?

A. Time needed to correct errors in the defective products

B. Period between receiving a customer order and delivering the items

C. Period between receiving a customer order and producing the products

D. Period between placing an order and its delivery

정답: D

설명: (DumpTOP 회원만 볼 수 있음)

문제2

A hospital is purchasing a new software product that will advise nurses when to give medications to hospitalised patients. This is a mobile application that will be used on tablets carried by the nurses. The software is being developed and tested by a company that specialises in mobile medical applications. This software will interface with existing hospital software that orders the medications from the pharmacy. Which acceptance test activity will be required to check whether the new software integrates well with current IT system?

A. Compatibility testing

B. Stress testing

C. Dry running

D. Health and safety testing

정답: A

설명: (DumpTOP 회원만 볼 수 있음)

문제3

Removal or disposal of assets should depend on an assessment of which of the following? Select TWO that apply.

A. The current rate of interest for new equipment

B. The total cost of the equipment

C. Type of equipment and incorporated components

D. Location of the equipment and accessibility

E. Consumer demand for the product

정답: C,D

문제4

A manufacturing organization has a large volume of raw material stock now viewed as redundant. Which of the following is the most appropriate process for the organization?

A. Scrap the stock as environmentally as possible and reorganize the warehouse

B. Maintain the safety and security of the stock for potential future use

C. Ask the original supplier for potential return and credit or sell the stock

D. Re-package and isolate the stock from the remaining stock to maximize usable space

정답: C

설명: (DumpTOP 회원만 볼 수 있음)

문제5

What term describes the method used to account for inventory, where the most recently produced items are recorded as sold first?

A. First in, first out

B. First in, last out

C. Last in, first out

D. Last in, last out

정답: C

설명: (DumpTOP 회원만 볼 수 있음)

문제6

A barcode is a series of vertical bars of varying widths in which each of the digits 0 to 9 are represented by a different pattern of bars that can be read by a laser scanner. Which of the following are disadvantages of using barcodes? Select THREE that apply.
* It requires optical line of sight (LOS) scanning to be effective
* It does not allow real-time data to be collected accurately
* Barcodes do not have read/write capabilities
* Data entry is a slow operation and prone to errors
* It is a new and unproven technology
* It is labour-intensive as it requires individual scanning

A. 2, 4, and 5

B. 1, 2, and 3

C. 4, 5, and 6

D. 1, 3, and 6

정답: D

설명: (DumpTOP 회원만 볼 수 있음)

문제7

A meaning of 'decommissioning a piece of equipment' is to...

A. Switch the power off from the equipment when not in use

B. Remove the equipment from use to prepare it for disposal

C. Take the equipment out of action ready to perform a changeover

D. Take the equipment out of action while undertaking maintenance

정답: B

문제8

XYZ Ltd has been adopting MRP system for years. The system helps the company improve effi-ciency greatly and generates huge cost-savings. However, MRP system is only limited to produc-tion process management and XYZ management team would like to have better insights into re-sources required across the organisation as a whole. Which software system would help XYZ management team achieve the above objective?

A. P2P

B. MPS

C. MRP II

D. ERP

정답: D

설명: (DumpTOP 회원만 볼 수 있음)

문제9

What is meant by the economic life of an asset?

A. It is the point beyond which it is not possible to obtain any spare parts for the asset

B. It is when the asset's effective performance is below the standard required by the organisation

C. It is the point beyond which it is not possible to find anyone who has the skills to operate the asset

D. It is the age beyond which it is not worth keeping an asset from a cost point of view

정답: D

문제10

Amanda is the purchasing manager for AB Construction based in France. She is considering purchasing an asset from overseas but knows she must account for fluctuations in exchange rates in the contract. Is Amanda correct?

A. Yes, as Amanda will be able to decide the currency exchange rates to be used

B. No, as the price can be re-negotiated post-contract sign-off by AB Construction and the supplier

C. No, as it will be better to purchase the asset in AB Construction's local currency as it would be efficient and more stable

D. Yes, as AB Construction could pay more for the asset than intended and Amanda should include a currency fluctuation clause

정답: D

설명: (DumpTOP 회원만 볼 수 있음)

문제11

Which of the following are holding costs of inventory in a warehouse?
* Costs related to the value of the inventory held
* Losses due to product deterioration
* Preliminary costs associated with purchase orders
* Loss of supplier discounts due to reduction in reorder quantities

A. 2 and 4 only

B. 1 and 2 only

C. 2 and 3 only

D. 1 and 3 only

정답: B

문제12

Which of the following best defines 'exponential moving average'?

A. A forecasting technique where each demand is multiplied by a weighting factor

B. A process by which a decision is taken at a period end or review point to determine how much to reorder

C. A process by which the reorder of an item is triggered by the inventory level dropping to a predetermined level

D. A forecasting technique where the average is calculated by dividing the sum of the val-ues by the number of values

정답: A

설명: (DumpTOP 회원만 볼 수 있음)

문제13

Which of the following materials handling equipment can be used in the warehouse? Select THREE that apply.

A. Conveyor system

B. Forklift

C. Electronic data exchange

D. Pallet dollies

E. Bar coding

정답: A,B,D

문제14

The size of order that minimises the total cost of acquiring and holding stock is known as...

A. Order quantity

B. The correct quantity

C. Economic Order Quantity

D. Average stock

정답: C

문제15

Do all types of warehouses require access to daylight to reduce the cost of electricity?

A. Yes, because sunlight sterilises inventories in damp conditions

B. No, because only ventilation can help to reduce the humidity in the warehouse

C. No, because some types of stock are sensitive to sunlight

D. Yes, because organisation's need for artificial lighting and heating will reduce

정답: C

설명: (DumpTOP 회원만 볼 수 있음)

문제16

A procurement manager has been asked to justify the purchase of a large piece of capital equipment valued at
£500,000 to internal stakeholders. The procurement manager decided to prepare the justification using a comprehensive formal business case due to the value of the purchase. Were they correct in doing this?

A. No, as the procurement manager can always make the decision to purchase the asset on their own without any involvement or permission from the senior management team

B. No, as the senior management would be able to make a decision on the proposed investment with little or no financial justification as they would be better placed to judge the requirement

C. Yes, as the procurement manager should undertake a comprehensive formal business case justification whatever the value of the purchase is likely to be

D. Yes, as the value of the proposed purchase is substantial and would require a significant capital investment by the organisation and approval of the senior management team

정답: D

문제17

Contracts for hire is a method for renting an item from a business that exists to provide items for use from time to time. A contract for hire has which of the following features?

A. At the end of the hire period, the person hiring the item keeps possession and lends to other customers

B. A contract for hire is an agreement for the person hiring out the item to sell it to the person hiring the item

C. The person hiring the item contracts to use the item for a stated period, at an agreed rate per period, on agreed terms

D. Ownership of the item transfers to the person hiring the item at the end of the agreed hire period

정답: C

설명: (DumpTOP 회원만 볼 수 있음)

문제18

A procurement manager is sourcing some high-value equipment for their organisation. What are the elements comprising whole-life costing that they need to consider?

A. Product pricing, contract admin, and staffing costs

B. Acquisition, purchase, usage, and end-of-life costs

C. Purchase pricing, usage, and sales costs

D. Acquisition, purchase, maintenance, and indirect costs

정답: B

설명: (DumpTOP 회원만 볼 수 있음)

최신 L4M7 무료덤프 - CIPS Whole Life Asset Management

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