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CIPS L4M7 certification exam is designed for professionals who are interested in advancing their knowledge in the field of asset management. CIPS Whole Life Asset Management certification program offers a comprehensive understanding of the principles involved in managing assets throughout their entire lifecycle, including acquisition, utilization, maintenance, and disposal. L4M7 Exam covers a range of topics, including asset identification and classification, maintenance strategies, risk management, and sustainability.
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CIPS L4M7 Certification Exam consists of a series of modules that cover different aspects of asset management. These modules include strategic asset management, risk management, financial management, performance management, and sustainability. Each module is designed to provide candidates with a comprehensive understanding of the principles and practices of asset management, as well as the tools and techniques required to manage assets throughout their life cycle.
CIPS Whole Life Asset Management Sample Questions (Q278-Q283):
NEW QUESTION # 278
Do all types of warehouses require access to daylight to reduce the cost of electricity?
- A. No, because some types of stock are sensitive to sunlight
- B. No, because only ventilation can help to reduce the humidity in the warehouse
- C. Yes, because organisation's need for artificial lighting and heating will reduce
- D. Yes, because sunlight sterilises inventories in damp conditions
Answer: A
Explanation:
The design of a building should consider the advantages of natural light as this can reduce the cost of artificial lighting and improve the environmental performance of the building. Daylight entering the building can also help reduce heating costs. Unfortunately some stocks react badly to direct sunlight, and some stock reacts badly to extreme of temperature or may require a specific temperature for storage. Some stock may require a warmer temperature than the ambient temperature and other stocks may require cooler temperature. For example, fabric and garment are sensitive to direct sunlight as ultraviolet light catalyses a reaction between the water present in all fabrics and atmospheric oxygen to create hydrogen peroxide. This is a bleaching agent and breaks down the chemical bonds that give dyes their colour.
NEW QUESTION # 279
Which of the following are common faults of coding?
* Making code words too long
* Not leaving room for expansion
* Data is slow to obtain from barcodes
* High training costs to use barcodes
- A. 1 and 3 only
- B. 2 and 3 only
- C. 3 and 4 only
- D. 1 and 2 only
Answer: D
Explanation:
Common coding faults include:
* Long code words: Codes that are too lengthy are challenging to use and may lead to errors.
* Lack of room for expansion: If codes cannot accommodate new items, future adjustments become difficult.
Efficient coding is essential for inventory tracking and asset management, enabling clear, scalable, and user- friendly identification systems.
NEW QUESTION # 280
For which of the following is the 'delphi method' used?
- A. Controlling products
- B. Classifying products
- C. Valuing stock
- D. Forecasting demand
Answer: D
Explanation:
Delphi method is a structured forecasting technique using a panel of experts and a number of rounds of questioning. Responses are shared after each round and the experts encouraged to recon-sider their own responses. It is intended to achieve a consensus view.
Reference: CIPS study guide 109-111
LO 2, AC 2.3
NEW QUESTION # 281
In the periodic review system, the order quantity is the same for each order. Is this statement true?
- A. Yes, in periodic review system items are reviewed when the Kanban is triggered
- B. No, the inventory position at each review point differs from each other
- C. Yes, the order quantity should be equal to economic order quantity
- D. No, the next order quantity must be larger than the previous one
Answer: B
Explanation:
Fixed-Time Period System (or Periodic Review system) is the inventory management system in which inventory is checked in fixed time periods, T, and the quantity ordered varies. The system also contains a target inventory level, R, which is restored when order received. The order quantity is calculated as:
Q = R - IP
where: Q = order quantity
R = target inventory level
IP = inventory position
Inventory position (IP) is equal to inventory on-hand plus quantity on order minus backorder (if any) The order quantity varies because the inventory position at each review point differs from each other.
LO 2, AC 2.3
NEW QUESTION # 282
Which of the following refer to material used for filling the void left in the box but they have poor environmental profile?
- A. Cages
- B. Metal racking
- C. Polystyrene chips
- D. Polypropylene straps
Answer: C
Explanation:
Void filling is the general term giving to the challenge of filling the space left in a box after the products have been packed. This means that if there is no void filling material, the product inside can move around and could be damaged. Materials to fill voids to secure contents
* Polystyrene (PS) is a synthetic aromatic hydrocarbon polymer made from the monomer known as styrene.
[5] Polystyrene can be solid or foamed. General-purpose polystyrene is clear, hard, and rather brittle. It is an inexpensive resin per unit weight. It is a rather poor barrier to oxygen and water vapour and has a relatively low melting point.[6] Polystyrene is one of the most widely used plastics, the scale of its production being several million tonnes per year.[7] Polystyrene can be naturally transparent, but can be coloured with colourants. Uses include protective packaging (such as packing peanuts and CD and DVD cases), containers, lids, bottles, trays, tum-blers, disposable cutlery[6] and in the making of models. Polystyrene is generally considered to be non-biodegradable. However, certain organisms are able to degrade it, albeit very slowly.
* Chips made of bio-degradable materials
* Absorbent and fire-resistant material
* Shredded paper, cardboard or wood-Based material
* Paper or cardboard rolls
* Bubble wrap
* Air-filled cushions
* Self expanding foam
Straps are used to group items into unit load. Polypropylene or polyester are the materials most often used.
The wider the strap, the stronger it will be. Using more than one strap and straps for length and width will create a strong place for stock.
NEW QUESTION # 283
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