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Title: Online IAM-Certificate Lab Simulation - IAM-Certificate Exam Registration [Print This Page]

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Title: Online IAM-Certificate Lab Simulation - IAM-Certificate Exam Registration
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IAM The Institute of Asset Management Certificate Sample Questions (Q27-Q32):NEW QUESTION # 27
Asset Management is explicitly focused on helping organisations to achieve their defined objectives and to determine the optimal blend of activities based on these objectives.
Answer: B
Explanation:
Comprehensive and Detailed in Depth Explanation along with Exact Extract from IAM's five subject areas:
This statement reflects the fundamental definition of asset management. The discipline isgoal-oriented and ensures that activities across the asset lifecycle are aligned to the organization's objectives.
Extract from IAM Document - Asset Management: An Anatomy (v4):
"Asset management is the coordinated activity of an organization to realize value from assets in support of its organizational objectives." (Section 1.1 - Definition of Asset Management)

NEW QUESTION # 28
What is NOT usually considered in the decision to decommission and dispose of assets?
Answer: B
Explanation:
Depreciated valueis a financial accounting figure and is not a strong indicator of whether an asset should be decommissioned. Operational, legal, and environmental factors carry more weight.
Exact Extract from IAM - Asset Management: An Anatomy (v4), Section 3.4.5 - Disposal:
"Factors include residual value, reuse options, legal compliance, and environmental impact. Financial book value is rarely a deciding factor."

NEW QUESTION # 29
Asset Management is explicitly focussed on helping organisations to achieve their defined objectives and to determine the optimal blend of activities based on these objectives.
Answer: B

NEW QUESTION # 30
Which of the following has the biggest impact on cash flows?
Answer: C
Explanation:
Operational Expenditure (Opex)includes recurring costs that directly affect an organization'scash outflows, such as energy, labor, and service delivery costs. Depreciation is non-cash.
Exact Extract from IAM - Asset Management: An Anatomy (v4), Section 2.3 - Financial Management:
"Operating expenditure (Opex) is a key factor in cash flow planning and often dominates lifecycle cost models."

NEW QUESTION # 31
An ISO 55000 asset management system provides the structure, methodology and mechanism to helping asset- intensive organizations deliver on their objectives.
Answer: B
Explanation:
This statement reflects the foundational objective of ISO 55000: to offer asystematic approachto asset management. This includes the integration of leadership, planning, support, operation, performance evaluation, and continual improvement-all contributing to the achievement of organizational objectives through optimized asset performance.
Exact Extract from ISO 55000:2014, Clause 0.2:
"An asset management system provides a structured approach for developing and implementing asset management activities that deliver the organizational objectives."

NEW QUESTION # 32
......
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