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New CIPS L4M7 Test Tips | Free L4M7 Practice Exams

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CIPS L4M7 exam is a highly specialized qualification that focuses on Whole Life Asset Management. It is designed for professionals who are looking to enhance their skills in the field of asset management and develop a deep understanding of the entire lifecycle of an asset. L4M7 exam is recognized globally and is highly respected in the industry. It covers a range of topics and requires a high level of dedication and commitment from candidates. L4M7 exam is an excellent opportunity for asset management professionals to demonstrate their expertise and advance their careers.

Successful completion of the CIPS L4M7 Certification Exam demonstrates that the candidate has a sound understanding of the entire asset life cycle and has the skills to create value and manage risks associated with asset management. CIPS Whole Life Asset Management certification is highly respected by employers in the asset management industry and can lead to increased job opportunities and promotions in this field. Candidates who pass the exam are awarded the CIPS Whole Life Asset Management certificate, which is recognized and respected worldwide by employers and professionals.

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CIPS L4M7 exam is recognized globally and is highly respected in the industry. It is designed to assess the knowledge, skills, and understanding of asset management professionals and ensure that they are equipped with the tools and techniques required to succeed in their roles. L4M7 Exam is also designed to ensure that asset management professionals are up-to-date with the latest industry trends and best practices.

CIPS Whole Life Asset Management Sample Questions (Q107-Q112):

NEW QUESTION # 107
Can RFID tags work when they are attached to metal surfaces or embedded within metal products?

A. Yes, some technologies allow RFID tags to work on metal or within metal products
B. No, metal surface reflects the radio wave and thus interferes the operations of RFID tags
C. Yes, all RFID tags can be used in every environmental conditions
D. No, RFID tags only work with plastic products

Answer: A

Explanation:
Mounting or embedding RFID tags on metal can be tricky. Metal surfaces reflect energy emitted from RFID readers and create interference for RFID tag antennas, which means the tag isn't able to receive power and transmit information; however, specific RFID tags will work around metal sur-faces. RFID companies have patented technology that allows RFID to work when attached to metal surfaces and even embedded within metal products. As long as you choose the correct RFID equipment for your environment and application, you won't need to worry about interference from metal.
Reference:
LO 1, AC 1.2

NEW QUESTION # 108
MRP software is a powerful tool for managing material requirements of manufacturing processes. To keep the software function well, an organisation must have appropriate input dat a. Which of the following are the inputs of MRP software? Select THREE that apply.

A. Facilities management
B. Payrolls information
C. Master production schedule
D. Bill of materials
E. Capacity requirement plan
F. Inventory records

Answer: C,D,F

Explanation:
A powerful benefit of MRP system is the capacity to produce exception reports, which show deviations from normal planning and performance. These enable anomalies to be investigated with a view to improve future forecasting.
Material requirement planning is an electronic system for combining the following:
- Known demand
- Forecast demand. Known demand and forecasted demand are shown in master production schedule.
- Bill of materials for the final product
- Inventory records
Reference:
LO 2, AC 2.3

NEW QUESTION # 109
Which type of codes can a barcode laser scanner (linear scanner) read?

A. QR code
B. Aztec code
C. Numerical code
D. 1D barcode

Answer: D

Explanation:
One-dimensional (or 1D) barcodes systematically represent data by varying the widths and spac-ings of parallel lines. These include some of the most traditional and well-recognized barcode types, such as the UPC and EAN codes. 1D barcodes are also commonly referred to as linear barcodes.
Two-dimensional (2D) barcodes look like squares or rectangles that contain many small, individual dots. QR codes, Data matrix and Aztec codes are examples of 2D barcodes Numerical code contains all numbers, no letters There are two different scan engine types (laser scanner versus imager) for interpreting the infor-mation provided in the barcode. Many companies producing the technology capable of reading the barcode data uses the term "scanning" regardless of the type of scan engine used. For the purposes of these FAQs, we are trying to draw a clearer distinction for you.
Linear (1D) codes can be scanned with a traditional laser scanner. A laser scan engine uses a laser and mirror to create the bar that scans the information. 1D barcode scanners will only interpret the linear barcode scanning technology. 1D barcode scanners are typically less expensive since the type of encryptions they can decode is limited.
Diagram Description automatically generated

LO 1, AC 1.2

NEW QUESTION # 110
Which of the following lists all components, ingredients, and materials required to produce the final product?

A. Purchase order
B. Engineering change notice
C. Bill of materials
D. Master schedule

Answer: C

Explanation:
Master production schedule (MPS) plans items that have "direct" demand, or "independent de-mand." With independent demand, the demand comes from sales orders, service orders, or fore-casts, and the demand comes directly from customer-or forecasted-requirements. It is the list that provides the timing of the production schedule and shows how much each machine can produce, how many shifts are used, etc.
A bill of materials (BOM) is a comprehensive inventory of the raw materials, assemblies, subas-semblies, parts and components, as well as the quantities of each, needed to manufacture a product.

NEW QUESTION # 111
Assuming that all other factors are constant except one, the net present value of a capital expendi-ture increases when...?

A. Cash outflow during a time period increases
B. The initial cost of a project increases
C. Net cash flow during a time period increases
D. The discounted rate increases

Answer: C

Explanation:
Net present value (NPV) is the 'today' net value that deprives from 'future' cash flow of an invest-ment or a capital purchase.
The following formula is used to calculate NPV
Chart Description automatically generated with low confidence

Where:
Rt is the net cash flow (cash inflow - cash outflow) during the period t i is the discount rate t is the number of time periods As you can conclude from the above formula, the net present value increases when the numerators (net cash flows) increase and/or denominators (1+i) decrease. So the correct answer should be "Net cash flow during a time period increases" The purpose of this exercise is to help you identify the factors that influence the net present value and how to increase/decrease NPV in real-world scenario.

NEW QUESTION # 112
......

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