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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 Certification Exam covers a broad range of topics, including asset identification, risk management, performance measurement, and financial analysis. It also covers topics related to the management of physical assets, such as buildings, infrastructure, and equipment, as well as intangible assets, such as intellectual property and data. L4M7 exam is designed to ensure that professionals have a deep understanding of the entire asset management process, and that they are equipped with the knowledge and skills necessary to make informed decisions about asset management.
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CIPS L4M7 Certification Exam is ideal for professionals who are responsible for managing assets, such as plant managers, maintenance managers, facility managers, and operations managers. CIPS Whole Life Asset Management certification is also beneficial for individuals who are looking to transition into asset management roles or who want to enhance their knowledge and skills in this field. The CIPS L4M7 Certification is recognized by organizations around the world and provides professionals with a competitive advantage in the job market.
NEW QUESTION # 171
XYZ Ltd is looking for new office space overseas. To keep the overhead expense minimal, it chooses leasing rather than purchasing new office. In leasing contract, which of the following costs are most likely to be attributable to the lessee?
1. Disposal costs
2. Rentals
3. Operating costs
4. Vendor selection costs
Answer: B
Explanation:
A lease is a contractual arrangement calling for the lessee (user) to pay the lessor (owner) for use of an asset.
Property, buildings and vehicles are common assets that are leased. Industrial or business equipment is also leased. Since the lessee does not own the asset, it is not responsible for disposing the assets, and therefore, disposal costs are not attributable to the lessee. The lessee usually incurs rentals and operating costs. Finally, a company should treat the lease the same as other contracts, which they must qualify the supplier.
Reference: CIPS study guide page 144-147
LO 3, AC 3.1
NEW QUESTION # 172
When considering the purchase of a capital asset, there are a number of factors to consider. These include cost of operation, spares, disposal and reuse. Which other factors could be considered?
1. Who owns the equipment
2. Compatibility with existing equipment
3. Contribution to turnover
4. Cost of maintenance
Answer: B
NEW QUESTION # 173
What is meant by the economic life of an asset?
Answer: C
NEW QUESTION # 174
Which one of the following statements is true about radio frequency identification (RFID)?
Answer: C
Explanation:
Radio frequency identification (RFID) are items which use radio technology to identify itself and its location subject to having appropriate hardware and software.
RFID tags are made of three different components: an RFID chip, which is an integrated circuit (IC), an antenna, and a substrate.
A RFID Reader is a device that uses radio-frequency waves to wirelessly transfer data between itself and a RFID tag/label in order to identify, categorize and track assets. When combined with the right RFID software, a RFID reader can identify objects quicker, more accurately, at a reduced overall cost, and at various points of the object's lifecycle.
Passive RFID systems use tags with no internal power source and instead are powered by the electromagnetic energy transmitted from an RFID reader. Passive RFID tags are used for applica-tions such as access control, file tracking, race timing, supply chain management, smart labels, and more.
Active RFID systems have three essential parts - a reader or interrogator, antenna, and a tag. Ac-tive RFID tags possess their own power source - an internal battery that enables them to have ex-tremely long read ranges as well as large memory banks.
Reference: CIPS study guide page 49-50
LO 1, AC 1.2
NEW QUESTION # 175
Which of the following should be considered when an organisation plans for disposing obsolescent and redundant stock? Select TWO that apply.
Answer: B,D
Explanation:
If the planning and mitigation measures fail and redundant or obsolete stock is identified, it needs to be removed from the current inventory location as quickly as possible. There are some methods to dealwith these types of stock. The worst case scenario is disposal to landfill, which is inadvisable if it can be avoided, both from environment point of view and the financial costs of such disposal.
For example, the problem of obsolete pesticides remains extremely serious and urgent. Many of the stocks identified continue to deteriorate thereby giving rise to an ever escalating source of severe pollution and posing a threat to human health, the environment and development in particular. To reduce the impact of obsolete pesticides on environment, FAO initiated a project in Yemen in which a total of 262 tonnes of obsolete pesticides were removed from 20 different sites and successfully disposed of between March and June 1996. The major field operation was completed in six weeks during which period almost all obsolete pesticides were brought to a central location and subsequently shipped to the United Kingdom for incineration.
NEW QUESTION # 176
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