L4M7 Exam Dumps - Whole Life Asset Management

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Question # 17

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?

Insurance costs

Servicing costs

Installation costs

Decommissioning costs

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Question # 18

What is the difference between fixed and variable costs?

Fixed costs do vary with the volume of business Variable costs do not vary with the volume of business

Fixed costs include items such as labour overtime and direct materials while variable costs do not

Variable costs include items such as building rental and insurance costs while fixed costs do not

Fixed costs do not vary with the volume of business. Variable costs do vary with the volume of business

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Question # 19

Hi-Tech Products Inc. (HTP) has just opened a new state-of-the-art distribution centre. It has invested heavily in new technology that will help manage, store, and identify stock items and their locations quickly and continuously. Its investment uses wireless technology. HTP will be using which of the following?

Radio Frequency Identification (RFID)

ABC classification management

Handheld scanning devices

Barcodes

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Question # 20

In a manufacturing organization, which of the following explains an 'indirect' stock classification of items?

Where the stock has been acquired from a distributor rather than another manufacturer

Where the stock does not have to be paid for until it has been used by the manufacturer

Where the stock is currently held in a warehouse owned by another organization

Where the stock is not used as part of manufacturing of the finished product

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Question # 21

Wasteland Inc. is a company that is trying to become a more sustainableorganisation. It has adopted the triple bottom line principles to ensure that its actions do not harm future generations. Which of the following is one of the pillars of sustainabillty used in this framework?

Planet

Performance

Procurement

Palletisation

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Question # 22

The chief procurement officer (CPO) of TL Communications Ltd is preparing a tender document for a two year cleaning services contract. The CPO has decided that the tender will be awarded on a fixed price. What is the advantage of using a fixed price for the contract?

It is the best method for limiting underpricing and overpricing risks

It gives an opportunity to negotiate bulk discounts

It is always the best pricing method for both the buyer and the supplier

It ensures that the cost is known and will not change over the stated period

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Question # 23

Which of the following are features of product codes?

1. Product codes link to products' characteristics

2. A product code must comply with international standards

3. Many internal processes use the product codes as facilitators

4. There are no duplicate product codes

2 and 4 only