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Exam Code:	L4M7
Exam Name:	CIPS Whole Life Asset Management
Certification Provider:	CIPS
Free Question Number:	121
Version:	v2025-07-04
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# of Questions views:	2772
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Lyndon - Jul 17, 2025

I prepared my L4M7 exam only with their materials.

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Exam Question List: Question 1: Buffer stock is a level of stock which......; Question 2: Warehouse automation involves the use of technology to perfo...; Question 3: Which of the following would be an impact of low stock in th...; Question 4: Hi-Tech Products Inc. (HTP) has just opened a new state-of-t...; Question 5: RFID uses radio frequencies for the purpose of identificatio...; Question 6: Which of the following is often created by each business and...; Question 7: The size of order that minimises the total cost of acquiring...; Question 8: A warehouse manager is evaluating the use of Automated Guide...; Question 9: A cardiac department within a local hospital carries out a s...; Question 10: The amount of inventory available at the start of an account...; Question 11: A procurement manager (PM) is purchasing a piece of capital ...; Question 12: Company XYZ is a candy manufacturer. Company XYZ makes a bat...; Question 13: Which of the following is an assumption of economic-order-qu...; Question 14: Which type of codes can a barcode laser scanner (linear scan...; Question 15: The minimal total cost is always achieved when there is only...; Question 16: Which of the following is the most suitable container of fas...; Question 17: A manufacturing organisation has a large volume of raw mater...; Question 18: Stockyards are suitable for specific materials with which of...; Question 19: Which of the following is another name for scheduled (routin...; Question 20: A procurement manager has agreed a contract for the acquisit...; Question 21: The size of the order that minimizes the total cost of acqui...; Question 22: Which of the following are examples of subjective methods of...; Question 23: Is it correct to state that the accuracy of demand forecasts...; Question 24: RFID uses radio frequencies for the purpose of identificatio...; Question 25: A company does not have enough space to hold inventory to sa...; Question 26: XYZ Ltd is a major distributor of electrical equipment prote...; Question 27: A manufacturer has discovered that some of the stock in its ...; Question 28: The width of aisles within a warehouse is determined by...?...; Question 29: Holding inventory is key to ensure that an organisation can ...; Question 30: A hospital is purchasing a new software product that will ad...; Question 31: Bulk loose coal that requires massive handling system should...; Question 32: Which of the following are most likely to be direct benefits...; Question 33: Practice of unloading goods from inbound delivery vehicles a...; Question 34: Decommissioning, removal and disposal of assets may have imp...; Question 35: "Open stock plus purchases minus closing stock" is the formu...; Question 36: Which of the following are likely to be included in a formal...; Question 37: What are the contents of master production schedule in MRP s...; Question 38: Assuming that all other factors are constant except one, the...; Question 39: GAP Ltd is a growing retail business. It spends a lot of mon...; Question 40: What is the stock turn for a store holding products to the v...; Question 41: ANTA Logistics is looking for a place to build a new, integr...; Question 42: A supplier delivers large quantities of inventory to its cus...; Question 43: The time period between placing an order and its receipt in ...; Question 44: Which of the following are main objectives of warehouse oper...; Question 45: Staff at DIY Products Inc. (DPI) have been experiencing issu...; Question 46: Which of the following costs may be considered part of the h...; Question 47: Which of the following is a benefit of bar code scanning sys...; Question 48: Which of the following are advantages of a multi-story wareh...; Question 49: A procurement manager is sourcing some high-value equipment ...; Question 50: Which of the following are advantages for a purchasing organ...; Question 51: An organisation might find it more beneficial to lease and u...; Question 52: Which of the following costs can be classified as 'acquisiti...; Question 53: Which of the following factors should be considered in the c...; Question 54: Which of the following are warehouse layouts that allow the ...; Question 55: Amanda is the purchasing manager for AB Construction based i...; Question 56: Do all types of warehouses require access to daylight to red...; Question 57: MRP system is the most suitable IT system to manage which ty...; Question 58: XYZ Ltd is a large retailer who offers a range of products w...; Question 59: Which of the following is another name for scheduled (routin...; Question 60: A brewery sells its beer in aluminum cans. It recycles the c...; Question 61: Which ONE of the following correctly differentiates between ...; Question 62: Why do you need a life cycle asset management plan?...; Question 63: Which of the following materials handling equipment can be u...; Question 64: A logistics company has a 2-story warehouse in the suburban ...; Question 65: Your company has established the number of new warehouses it...; Question 66: Which of the following would be an impact of low stock in th...; Question 67: Which of the following lists all components, ingredients, an...; Question 68: An organisation always obtains negative cash flow regarding ...; Question 69: Zemora Clothing Inc. receives high-priced garments with devi...; Question 70: Which of the following are typical characteristics of 2D bar...; Question 71: Which of the following statements holds true about inventory...; Question 72: An organisation may incur additional costs in stockout event...; Question 73: Which of the following is a forecasting technique?...; Question 74: Inventory may be classified into direct and indirect supplie...; Question 75: What is meant by the economic life of an asset?...; Question 76: In a manufacturing facility, which types of inventory have t...; Question 77: In inventory management, the cost of insurance and taxes are...; Question 78: Which of the following correctly describes the triple bottom...; Question 79: What is meant by the term 'obsolete stock'?...; Question 80: Nuclear Energy Group Limited (NEG) has a number of investmen...; Question 81: Multiple approval levels for a small purchase request is an ...; Question 82: A construction organization requires specialist equipment fo...; Question 83: Which of the following are holding costs? Select THREE that ...; Question 84: A group of items which are stacked together for more conveni...; Question 85: Which of the following best describe the function of MRP?...; Question 86: International Standard Book Number (ISBN) is a unique intern...; Question 87: Which of the following are examples of subjective methods of...; Question 88: A meaning of 'decommissioning a piece of equipment' is to......; Question 89: Which of the following are the different types of inventory ...; Question 90: Which of the following would be considered independent deman...; Question 91: Which of the following statements about radio frequency iden...; Question 92: A procurement manager has been asked to justify the purchase...; Question 93: Which of the following are holding costs of inventory in a w...; Question 94: An electricity company charges its customers monthly fee for...; Question 95: A central distribution warehouse receives deliveries from se...; Question 96: A manufacturer has discovered that some of the stock in its ...; Question 97: A manufacturer aims at increasing the service levels to 99% ...; Question 98: Lean principle focuses on eliminating eight types of waste. ...; Question 99: When designing the layout of a warehouse or stores area, one...; Question 100: An organization might find it more beneficial to lease and u...; Question 101: The managing director requires action to be taken to improve...; Question 102: For which of the following is the 'delphi method' used?...; Question 103: In a manufacturing organization, which of the following expl...; Question 104: Under a Hire Purchase Agreement, ownership is transferred to...; Question 105: A food processing manufacturer must be able to trace the ing...; Question 106: What term describes a method used to account for inventory, ...; Question 107: Which of the following are most likely the benefits of using...; Question 108: MRP software is a powerful tool for managing material requir...; Question 109: Which of the following are the key elements of total product...; Question 110: Which of the following factors can be considered when select...; Question 111: A major investment bank is planning to purchase a complex ba...; Question 112: Which ONE of the following correctly differentiates between ...; Question 113: Which of the following code systems is commonly used by gove...; Question 114: Long-term forecasting of demand using a subjective method is...; Question 115: When accounting for the disposal of fixed assets, the gain o...; Question 116: A restaurant needs to buy a new freezer. The owner applies t...; Question 117: PPC Refinery (UK) must close down an out-of-date refinery wh...; Question 118: Which of the following statements represent a definition for...; Question 119: Which of the following are essential aspects that are requir...; Question 120: The term triple bottom line refers to a method for organizat...; Question 121: Which of the following statements is true of just-in-time (J...

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