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CIPS L4M7 (CIPS Whole Life Asset Management) Certification Exam is a professional certification exam designed for individuals who are involved in asset management, maintenance, and operation of buildings, infrastructure, and other physical assets. CIPS Whole Life Asset Management certification exam is an essential qualification for professionals who are looking to take their career to the next level and gain recognition for their expertise in the field.
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CIPS L4M7 Certification Exam is an ideal choice for professionals who are looking to enhance their career prospects in the asset management sector. CIPS Whole Life Asset Management certification can provide professionals with the necessary skills and knowledge to effectively manage assets across a range of industries, including manufacturing, construction, and infrastructure. Additionally, the certification demonstrates a commitment to professional development and can help professionals stand out in a competitive job market. Overall, the CIPS L4M7 Certification Exam is an excellent choice for professionals who want to broaden their knowledge and expertise in asset management, and who are looking to take their career to the next level.
NEW QUESTION # 77
Which of the following code systems is commonly used by governments as a basis for their Cus-toms tariffs and for the collection of international trade statistics?
Answer: A
Explanation:
The Harmonized Commodity Description and Coding System, also known as the Harmonized System (HS) of tariff nomenclature is an internationally standardized system of names and numbers to classify traded products. It came into effect in 1988 and has since been developed and maintained by the World Customs Organization (WCO) (formerly the Customs Co-operation Council), an independent intergovernmental organization based in Brussels, Belgium, with over 200 member countries.
The Global Trade Item Number (GTIN) is an identifier for trade items, developed by GS1. Such identifiers are used to look up product information in a database (often by entering the number through a barcode scanner pointed at an actual product) which may belong to a retailer, manufacturer, collector, researcher, or other entity.
The Global Location Number can be used by companies to identify their locations, giving them complete flexibility to identify any type or level of location required.
The International Mobile Equipment Identity (IMEI) is a number, usually unique, to identify 3GPP and iDEN mobile phones, as well as some satellite phones.
NEW QUESTION # 78
Which costs in the following list are categorised as operation costs in the total cost of ownership model?
Select TWO that apply.
Answer: B,E
Explanation:
Costs of operating an asset can widely vary. The following table is an example from Guide to Total Cost of Ownership, New Zealand Government:
NEW QUESTION # 79
TCD Manufacturing has taken over the operations of a fabric processor in another country. TCD has planned to eliminate some traditional fabric processing that has high risks because of the chemicals used in the dying process. TCD is now preparing for new dying processes to be Installed and needs to remove the current tanks and its associated equipment. Which of the following is appropriate to TCD's situation?
Answer: B
NEW QUESTION # 80
Which of the following best describes available inventory (also known as inventory position)?
Answer: B
Explanation:
Available inventory (or Inventory position - IP) is equal to inventory on-hand plus quantity on order minus backorder (if any) Reference: CIPS study guide page 117 LO 2, AC 2.3
NEW QUESTION # 81
Which of the following correctly describes the triple bottom line?
Answer: D
Explanation:
The triple bottom line is a sustainability framework that examines a company's social, environment, and economic impact (or People, Planet, Profit).
NEW QUESTION # 82
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