Free Practice CIPS L4M7 Exam Questions 2025

Stay ahead with 100% Free Whole Life Asset Management L4M7 Dumps Practice Questions

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Total 343 Questions | Updated On: Apr 10, 2025

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Question 1

What is the smallest aisle width that standard counterbalanced forklifts can operate in?

A : 4.9 ft - 5.2 ft

B : 10.5 ft - 13.1 ft

C : 5.6 ft - 5.9 ft

D : 6.9 ft - 7.2 ft

Answer: B

Question 2

International Standard Book Number (ISBN) is a unique international identification system for each product form or edition of a monographic publication published or produced by a specific publisher. ISBN is an example of...?

A : Check digit

B : Industry standard code

C : Own product code system

D : Harmonized system

Answer: B

Question 3

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?

A : No, as it will be better to purchase the asset in AB Construction's local currency as it would be efficient and more stable

B : Yes, as AB Construction could pay more for the asset than intended and Amanda should include a currency fluctuation clause

C : No, as the price can be re-negotiated post-contract sign-off by AB Construction and the supplier

D : Yes, as Amanda will be able to decide the currency exchange rates to be used

Answer: B

Question 4

Which of the following are examples of subjective methods of forecasting? Select TWO that apply. Trend line analysis Moving averages Market research Expert opinion Seasonal variations

A : 1 and 2 only

B : 3 and 4 only

C : 2 and 5 only

D : 1 and 5 only

Answer: B

Question 5

Why do you need a life cycle asset management plan?

A : It is the basis of calculating the financial depreciation of the asset

B : It is used to calculate the manpower required to operate the asset

C : It is used to determine what the overall costs of disposing of the asset will be

D : It is a basis for planning resources and budgets to support the asset

Answer: D

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Total 343 Questions | Updated On: Apr 10, 2025

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