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[Hardware] L4M7 Reliable Guide Files & New L4M7 Test Pass4sure

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【Hardware】 L4M7 Reliable Guide Files & New L4M7 Test Pass4sure

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CIPS L4M7 (CIPS Whole Life Asset Management) Certification Exam is a globally recognized certification program that is designed to equip professionals with the necessary knowledge and skills to manage assets effectively throughout their entire life cycle. CIPS Whole Life Asset Management certification is suitable for professionals who are involved in the acquisition, operation, maintenance, and disposal of assets.
To be eligible for the exam, candidates must have completed the CIPS Level 4 Diploma in Procurement and Supply. CIPS Whole Life Asset Management certification builds upon the knowledge gained in the Diploma program and provides in-depth knowledge of the asset management process. L4M7 Exam is divided into two parts, including a written exam and a case study analysis. The written exam consists of multiple-choice questions that evaluate the candidate's theoretical knowledge of asset management. The case study analysis allows candidates to apply their knowledge to practical scenarios, which are commonly faced in the asset management field.
CIPS Whole Life Asset Management Sample Questions (Q54-Q59):NEW QUESTION # 54
A construction organisation requires specialist equipment for digging deep foundations. Which of the following circumstances would result in the hire of equipment rather than leasing it?
  • A. The finance available and the potential profits available on the eventual sale of the leased equipment compared to hire costs
  • B. The expected frequency of use, the storage available, and the lease cost of the equipment compared to hiring it
  • C. The subjective assessment of multiple factors for both hire and lease by the directors
  • D. The results of a discounted cost analysis using comparative weekly payments for both hire and lease options
Answer: B

NEW QUESTION # 55
An electricity company charges its customers monthly fee for access and a usage fee for consump-tion of electricity. Which pricing structure is the company using?
  • A. Dynamic pricing
  • B. Multi-part pricing
  • C. Fixed pricing
  • D. Freemium Pricing
Answer: B
Explanation:
Multi-part pricing. The transaction price is calculated from using two or more metrics rather than just one.
The most common economic example of a price structure beyond unit pricing is called a two-part tariff.
Basically it can be described such that the "entrance fee" provides the privilege of purchasing the metered component. A common multi-part tariff is the two-part tariff in electricity, under which the customer pays a monthly fee for access and a usage fee for consumption of electricity. With this two-part tariff, the operator is able to charge a price equal to marginal cost for electricity, which is profit maximizing, and deviate from marginal cost pricing in the fee for access.
Freemium is an internet-based pricing strategy where a service is offered for free in the beginning, but the price is charged on the premium package with some additional features. However, freemium pricing strategy is different from the premium pricing strategy because freemium offers free sample which you can use without paying anything, you'll only be charged when you want additional features.
Demand pricing is also synonymously used for dynamic pricing; it is a relative term used in the online platform. Dynamic pricing means different pricing is charged from the different customers depending upon the urgency, customer's ability and demand of the customers.
Reference: CIPS study guide page 140-141
LO 3, AC 3.1

NEW QUESTION # 56
The optimum balance in the standard ISO 18602:2013 (Packaging and the environment - Optimi-zation of the packaging system) considers which of the following factors?
1. Environmental impact of losses due to lack of packaging
2. The process for packaging design, including material selection
3. Procedures and requirements for packaging that are suitable for organic recycling
4. Environmental impact of excess packaging
  • A. 2 and 4 only
  • B. 1 and 4 only
  • C. 2 and 3 only
  • D. 1 and 3 only
Answer: B
Explanation:
ISO 18602:2013 is about Packaging and the environment - Optimization of the packaging system. ISO
18602:2013 specifies requirements and a procedure for assessment of packaging to ensure that the weight or volume of its material content is optimized consistent with the functions of packaging. This is one of several options for reducing the impact of packaging on the environment.
It also provides methodologies and procedures for
- determining the amount and minimization of substances or mixtures hazardous to the environ-ment, and
- determining the amount of four heavy metals (lead, cadmium, mercury, hexavalent chromium) in packaging.
The optimum balance in this standard weighs the environmental impact of losses that may happen with no packaging or inadequate packaging against the environmental impact from excess packag-ing.
The process for packaging design, including material selection, is not part of ISO 18602:2013.
The procedure for applying ISO 18602:2013 is contained in ISO 18601.
Reference: CIPS study guide page 69
LO 1, AC 1.3

NEW QUESTION # 57
Which of the following is the definition of work in progress inventory?
  • A. Inventory introduced into production but not completed as of the stocktake date
  • B. Inventory that has finished the production process
  • C. Obsolete inventory
  • D. Inventory not yet introduced into the production process
Answer: A
Explanation:
Work in progress is the stock part-way through a manufacturing process; in the service sectors the term is also used for anything between order and delivery.
Reference: CIPS study guide page 83
LO 2, AC 2.1

NEW QUESTION # 58
An organisation may incur additional costs in stockout events. Which of the following is an exam-ple of costs of inventory stockouts?
  • A. The costs of storage space owned that cannot be used for other profitable purposes when inventories decrease
  • B. The lost contribution margin on sales forgone as a result of customer dissatisfaction due to unavailability of goods
  • C. The costs of obsolescence and costs of insurance that change with the quantity of in-ventory held
  • D. The return forgone by investing capital in inventory rather than elsewhere
Answer: B
Explanation:
Stockout is a situation where an inventory item is not available when required. The costs associated with a stockout include the following:
- Lost of production output - there will be no production until the stockout is resolved (new stock is acquired).
For factory operating 24/7 with no spare capacity, this lost output will not be able to be recovered.
- Costs of machine downtime and of overhead spread over a reduced level of output
- Costs of any action required to deal with the stockout...
- Loss of customer goodwill through inability to supply or late delivery
- Loss of sales or new orders
- Loss of market creditability
Reference: CIPS study guide page 101-102
LO 2, AC 2.2

NEW QUESTION # 59
......
CIPS Whole Life Asset Management L4M7 certification exam offers a quick way to validate skills in the market. By doing this they can upgrade their skill set and knowledge and become a certified member of the CIPS Whole Life Asset Management L4M7 exam. There are several benefits of L4M7 Certification that can enjoy a successful candidate for the rest of their life. L4M7 also offers valid dumps book and valid dumps free download, with 365 days free updates.
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