RELIABLE L4M7 DUMPS FILES | HIGH-QUALITY RELIABLE L4M7 EXAM BOOK: CIPS WHOLE LIFE ASSET MANAGEMENT

Reliable L4M7 Dumps Files | High-quality Reliable L4M7 Exam Book: CIPS Whole Life Asset Management

Reliable L4M7 Dumps Files | High-quality Reliable L4M7 Exam Book: CIPS Whole Life Asset Management

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CIPS L4M7 Exam is a comprehensive certification program that covers all aspects of asset management, from design and construction to operation and disposal. The program is designed to equip professionals with the knowledge and skills they need to manage assets effectively and efficiently throughout their lifecycle. The program is delivered through a combination of online learning, self-study, and classroom training, ensuring that participants have the flexibility to learn at their own pace. Upon completion of the program, participants will have gained a thorough understanding of asset management practices and will be able to apply these practices in their workplace. The CIPS L4M7 Exam is recognized globally and is highly respected by employers, making it an excellent choice for professionals who want to enhance their career prospects in the asset management field.

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The CIPS L4M7 exam is comprehensive and covers a wide range of topics, including financial analysis, sustainability, and risk management. It requires a high level of dedication and commitment from candidates, but the rewards are well worth the effort. L4M7 Exam is an excellent opportunity for asset management professionals to demonstrate their expertise and advance their careers.

CIPS Whole Life Asset Management Sample Questions (Q194-Q199):

NEW QUESTION # 194
A major investment bank is planning to purchase a complex banking system that will interface with multiple applications at varying times of the day. Before deploying the system, there are various levels of testing that must be performed through joint testing between the in-house team and off-shore testing consultants. The testing will be performed in a resource-constrained shared environment and managed by the on-shore development team. The costs for testing are generally classified as...?

  • A. Purchase prices
  • B. Maintenance costs
  • C. Acquisition costs
  • D. Insurance

Answer: C

Explanation:
In the scenario, the buying organisation (investment bank) must conduct various types of testing before the deployment of the software system. These tests can be functional testing, factory ac-ceptance testing and/or user acceptance testing. The costs for all these types of testing are classified as acquisition costs with regards of total cost of ownership.
Reference:
LO 3, AC 3.1


NEW QUESTION # 195
Manufacturing resources planning (MRP II) was developed from material requirement planning (MRP).
Which of the following is the additional input that is available in MRP II but does not ap-pear in MRP?

  • A. Finance
  • B. Master production schedule
  • C. Inventory records
  • D. Bill of materials

Answer: A

Explanation:
MRP I was some of the first business software to be widely adopted during the 1970s. Manufacturers sought these systems in order to improve efficiency and accuracy when it came to basic processes such as production scheduling and inventory management.
By the 1980s, manufacturers realized they needed software that could also tie into their accounting systems and forecast inventory requirements. Enter MRP II, which included these integrations in addition to all the capabilities offered by MRP I. Enterprise resource planning (ERP) software features-which we'll cover later on-are included in the following table for comparison.
Graphical user interface Description automatically generated


NEW QUESTION # 196
Which of the following is the correct statement about total ordering cost?

  • A. Fall with the per period usage rate
  • B. Rise as the average stock level rises
  • C. Equal the number of orders placed times the cost of placing an order
  • D. Rise as the order quantity rises

Answer: C

Explanation:
Typically, ordering costs include expenses for a purchase order, labor costs for the inspection of goods received, labor costs for placing the goods received in stock, labor costs for issuing a supplier's invoice and labor costs for issuing a supplier payment. These costs are irrelevant from the size of the order and are incurred every time a firm places an order.
The total ordering cost will be equal to ordering cost per order multiply with number of orders.
Reference:
LO 2, AC 2.2


NEW QUESTION # 197
Ranger Mobile Ltd is a emerging smartphone manufacturer. The manufacturer adopts the just-in-time method:
First, the customers make orders, then it will decide which components to be pur-chased according to the bill of materials. These components are known as which of the following?

  • A. Indirect items
  • B. Dependent demand items
  • C. Capital goods
  • D. Independent forecast items

Answer: B

Explanation:
Dependent demand is the requirement for stock item which is directly related to and therefore de-pendent upon the rate of production (examples are: raw materials, components, energy). The com-ponents in the scenario are dependent demand items.
Independent demand is the requirement for stock item which is not directly related to, and is therefore independent of rate of production.


NEW QUESTION # 198
When decommissioning a piece of equipment, there may be an amount of contaminated hazardous waste that will need to be disposed of. Which of the following would need to be considered?
* Whether it would be possible to recycle the waste and reuse it in another production process
* Determining the most cost-effective method to dispose of the waste to minimize cost to the business
* What the type of waste is and if it needs to be disposed of by a specialized organization
* The applicable waste management legislation that applies in the country concerned

  • A. 1 and 2 only
  • B. 3 and 4 only
  • C. 1 and 3 only
  • D. 2 and 3 only

Answer: B

Explanation:
When disposing of hazardous waste, it is essential to:
* Identify the type of waste: Some waste requires special handling and disposal by certified organizations.
* Comply with legislation: Proper disposal is mandated by local, national, or international waste management laws, ensuring public safety and environmental protection.
Whole-life asset management emphasizes responsible decommissioning practices to minimize environmental impact and adhere to regulatory compliance.


NEW QUESTION # 199
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