Free CIPS L4M7 Exam Questions
Absolute Free L4M7 Exam Practice for Comprehensive Preparation
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CIPS L4M7 Exam Questions
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Provided By: CIPS
- Exam: Whole Life Asset Management
- Certification: CIPS Certification
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Total Questions: 343
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Updated On: Apr 09, 2025
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Rated: 4.9 |
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Online Users: 686
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Question 1
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Warehouse automation involves the use of technology to perform as many warehousing tasks as possible.
There are several benefits that can be gained by using automation in a warehouse. They are...
Answer: D
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Warehouse automation involves the use of technology to perform as many warehousing tasks as possible.
There are several benefits that can be gained by using automation in a warehouse. They are...
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Question 2
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One of the classifications of inventory is referred to as 'indirect supplies.' Which of the following items are
examples of indirect supplies in a water bottling plant?
Lubricants for maintenance of production machines
Computer cartridges for the procurement office
Reams of printed labels to stick on water bottles
Blue-colored plastic caps to seal the water bottles
Answer: A
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One of the classifications of inventory is referred to as 'indirect supplies.' Which of the following items are
examples of indirect supplies in a water bottling plant?
Lubricants for maintenance of production machines
Computer cartridges for the procurement office
Reams of printed labels to stick on water bottles
Blue-colored plastic caps to seal the water bottles
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Question 3
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Amanda is the purchasing manager for AB Construction based in France. She is considering purchasing an
asset from overseas but knows she must account for fluctuations in exchange rates in the contract. Is Amanda
correct?
Answer: B
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Amanda is the purchasing manager for AB Construction based in France. She is considering purchasing an
asset from overseas but knows she must account for fluctuations in exchange rates in the contract. Is Amanda
correct?
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Question 4
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What advantage can the use of ABC classification of stock provide in warehouse design?
Answer: C
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What advantage can the use of ABC classification of stock provide in warehouse design?
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Question 5
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An organization might find it more beneficial to lease and use an asset over a predetermined period. After this
period, the lessee has the right to secure outright ownership of the asset by paying an agreed amount;
otherwise, the asset would be repossessed by the lessor. Which of the following is an advantage of leasing?
Answer: B
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An organization might find it more beneficial to lease and use an asset over a predetermined period. After this
period, the lessee has the right to secure outright ownership of the asset by paying an agreed amount;
otherwise, the asset would be repossessed by the lessor. Which of the following is an advantage of leasing?