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L4M7 Exam Dumps : Whole Life Asset Management

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Whole Life Asset Management Questions and Answers

Question 1

The size of order that minimises the total cost of acquiring and holding stock is known as...

Options:

A.

Order quantity

B.

Economic Order Quantity

C.

The correct quantity

D.

Average stock

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Question 2

Which ONE of the following correctly differentiates between obsolescent and redundant stock?

Options:

A.

Obsolescent stock is in short supply; redundant stock has no current supplier with stock available

B.

Obsolescent stock is damaged goods that need returning to suppliers; redundant stock is no longer stocked by the organisation

C.

Obsolescent stock has been updated by another item but can still be used; redundant stock is no longer used by an organisation

D.

Obsolescent stock has been supplied by a failed supplier; redundant stock requires quality testing before use

Question 3

Which of the following is the material handling equipment which uses the suction force to lift an item?

Options:

A.

Vacuum lifter

B.

Sack truck

C.

Dolly

D.

Pallet stacker