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: Mar 25, 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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Is it essential for every type of warehouse to incorporate access to natural lighting as a means to reduce electrical costs?
Answer: B
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Is it essential for every type of warehouse to incorporate access to natural lighting as a means to reduce electrical costs?
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Question 2
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Which ONE of the following correctly differentiates between obsolescent and redundant stock?
Answer: C
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Which ONE of the following correctly differentiates between obsolescent and redundant stock?
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Question 3
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Which of the following are critical factors that must be considered when evaluating warehouse or storage
locations?
The cost of the proposed locationWho owns the storage location or warehouse
Access to transport networks
The number of windows in the building
Answer: A
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Which of the following are critical factors that must be considered when evaluating warehouse or storage
locations?
The cost of the proposed locationWho owns the storage location or warehouse
Access to transport networks
The number of windows in the building
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Question 4
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An organisation needs to determine whether to lease a piece of equipment or purchase it outright. From the
following statements, which ones describe the advantages for a procurement organisation to lease rather than
to purchase outright?
Capital allowances may be set against tax, and grants may be available
There is no initial investment which would tie up the organisation’s working capital
It would protect against technological obsolescence as equipment can be replaced as required
The total cost may be higher than purchasing the equipment outright
Answer: B
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An organisation needs to determine whether to lease a piece of equipment or purchase it outright. From the
following statements, which ones describe the advantages for a procurement organisation to lease rather than
to purchase outright?
Capital allowances may be set against tax, and grants may be available
There is no initial investment which would tie up the organisation’s working capital
It would protect against technological obsolescence as equipment can be replaced as required
The total cost may be higher than purchasing the equipment outright
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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?