MAJOR FORMATS OF CIPS L4M7 EXAM QUESTIONS

Major Formats of CIPS L4M7 Exam Questions

Major Formats of CIPS L4M7 Exam Questions

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We declare that we can ensure you 100% pass, because we have the real exam questions for the L4M7 actual test. All the questions of CIPS L4M7 test pdf are taken from current pool of actual test, then after refined and checked, compiled into the complete dumps. Furthermore, the answers are correct and verified by our IT experts with decades of hands-on experience. So the high quality and accuracy of L4M7 Cert Guide are without any doubt. With our 100 % pass rate history & money back guarantee, you can rest assured to choose our L4M7 vce files.

CIPS L4M7 Exam is suitable for a wide range of professionals, including those working in the public and private sectors. L4M7 exam is particularly relevant for professionals working in asset-intensive industries such as utilities, transportation, and manufacturing. CIPS Whole Life Asset Management certification is also useful for professionals working in consultancy firms, engineering firms, and government agencies. The CIPS L4M7 Exam is recognized globally and is considered a valuable credential for professionals seeking to advance their careers in asset management.

CIPS L4M7 Exam is an important certification for professionals in the field of asset management. L4M7 exam is designed to test the knowledge and understanding of whole life asset management principles and practices. It covers a range of topics including sustainability, risk management, maintenance, and replacement management.

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They found difficulty getting hands on CIPS L4M7 real exam questions as it is undoubtedly a tough task. Besides this, it is also hard to pass the L4M7 exam on the first attempt. Nervousness and fear of exam is also daunting for applicants. The actual L4M7 Questions being offered by Exam4Tests will enable you to obtain the certification without any hassle.

CIPS L4M7 Certification Exam covers a range of topics related to life cycle management of assets, including asset identification, data collection, analysis, and decision-making processes. It also covers important topics such as risk management, maintenance strategies, and sustainability principles. L4M7 Exam is designed to provide candidates with a comprehensive understanding of the principles and practices of whole life asset management.

CIPS Whole Life Asset Management Sample Questions (Q31-Q36):

NEW QUESTION # 31
Lean principle focuses on eliminating eight types of waste. Waste in Lean manufacturing is defined as...?

  • A. Part of activity when operator is idle
  • B. Rejection of material because of quality related problems
  • C. Part of any activity which is inevitable
  • D. Non value-adding steps in a process

Answer: D

Explanation:
Lean thinking aims to remove wastes from work processes. Before diving into the 8 wastes, it is important to understand what waste is. Waste is any action or step in a process that does not add value to the customer. In other words, waste is any process that the customer does not want to pay for.
The original seven wastes (Muda) was developed by Taiichi Ohno, the Chief Engineer at Toyota, as part of the Toyota Production System (TPS). The seven wastes are Transportation, Inventory, Motion, Waiting, Overproduction, Overprocessing and Defects. They are often referred to by the acronym 'TIMWOOD'. The
8th waste of non-utilized talent or 'Skills' of workers was later introduced in the 1990swhen the Toyota Production System was adopted in the Western world. As a result, the 8 wastes are commonly referred to as
'TIMWOODS'.
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Source: The lean way


NEW QUESTION # 32
"Open stock plus purchases minus closing stock" is the formula of which of the following?

  • A. Revenue
  • B. Cost of goods sold
  • C. Liability
  • D. Inventory

Answer: B

Explanation:
The amount of closing stock (properly valued) is used to arrive at the cost of goods sold in a periodic inventory system with the following calculation:
Opening stock + Purchases - Closing stock = Cost of goods sold
Reference:
- CIPS study guide page 130-131
- Closing stock definition
LO 2, AC 2.3


NEW QUESTION # 33
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

Answer: C

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.
Reference:
LO 1, AC 1.1


NEW QUESTION # 34
Inventory may be classified into direct and indirect supplies. Which of the following is a characteristic of indirect supplies?

  • A. Indirect supplies have a significant impact on the quality of the final product
  • B. Indirect supplies refer to stock that is partway through manufacture
  • C. Indirect supplies are the sub-assemblies required in the final product
  • D. Indirect supplies are costs that have an impact on the operating cost of the business

Answer: D

Explanation:
Indirect supplies support operations without becoming part of the final product. They impact operating costs (e.g., maintenance supplies), supporting the production environment but not the end product. Managing indirect supplies is crucial in whole-life asset management to control overhead costs and ensure uninterrupted operations.


NEW QUESTION # 35
Objective forecasting techniques must be based on which of the following?
1. Opinions
2. Figures
3. Facts
4. Jugdement

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

Answer: C

Explanation:
Subjective forecasting uses qualitative methods (surveys, opinions) which relay on perception and opinion.
Objective forecasting uses quantitative methods (facts and figures). Both methods have to make assumption about how closely (or not) the future will resemble the present and the past. Forecasting is never exact.


NEW QUESTION # 36
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