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L4M7 Exam Dumps - Whole Life Asset Management

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Question # 49

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?

A.

Insurance costs

B.

Servicing costs

C.

Installation costs

D.

Decommissioning costs

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Question # 50

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

A.

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

B.

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

C.

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

D.

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

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Question # 51

Which of the following lists all components, ingredients, and materials required to produce the final product?

A.

Master schedule

B.

Engineering change notice

C.

Purchase order

D.

Bill of materials

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Question # 52

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.

2 and 3 only

C.

1 and 3 only

D.

1 and 2 only

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Question # 53

Which of the following are likely to be included in a formal business case document for stakeholders to support the purchase of a new piece of specialist equipment?

    The conformance standard that relates to the future operation of the equipment

    The context of proposed purchase in relation to business strategy alignment

    Resource requirements including the managerial and operational team resources

    The planned preventative maintenance plan for the equipment to ensure effectiveness

A.

1 and 2 only

B.

2 and 5 only

C.

3 and 4 only

D.

2 and 4 only

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Question # 54

Which of the following are most likely the benefits of using unit loads? Select TWO that apply.

Increase transport time of each item

A.

Minimise space utilisation

B.

Safer handling

C.

Unit loads must be placed on pallets

D.

Reduce handling cost of one unit

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Question # 55

Which of the following is the character that allows the computer to verify whether a product code is entered correctly?

A.

3-digit prefix

B.

Check digit

C.

Radio frequency identification

D.

Barcode

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Question # 56

The Four Counties hospital in Norway is experiencing financial pressures. The procurement team is looking for the best approach to procure patient equipment that is critical and is often required at very short notice. Which of the following techniques would allow the hospital to access the stock at short notice, but without paying for it until it is used?

A.

Discounted stocking

B.

Volume-based pricing

C.

Consignment stocking

D.

Reference indices pricing

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