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L4M7 Exam Dumps : Whole Life Asset Management

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Whole Life Asset Management Questions and Answers

Question 1

Holding inventory is key to ensure that an organisation can maintain production and meet customer demands. Which of the following are classes of inventory? SelectTHREEthat apply.

Options:

A.

Raw material

B.

Machines

C.

Finished products

D.

Sub-assemblies

E.

Scrap components

F.

Forklift trucks

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Question 2

Which of the following is the Japanese word for ‘billboard’ or ‘signboard’?

Options:

A.

Muda

B.

Kaizen

C.

Poka-Yoke

D.

Kanban

Question 3

Which of the following is the core idea of Lean manufacturing?

Options:

A.

New product development

B.

Waste elimination

C.

Improving response to erratic demand

D.

Business Continuity Planning