Online Access Free L4M7 Exam Questions

Which one of the following statements is true about radio frequency identification (RFID)?

• A.RFID tags require laser scanning.
• B.Normally passive RFID tags store ID numbers
• C.An active RFID tag does not require a power source
• D.A passive RFID tag does not use an antenna

Among different types of costs associated with inventory, the opportunity cost of the investment tied up in inventory belongs to which of the following?

• A.Costs of stockouts
• B.Acquisition costs
• C.Holding costs
• D.Purchase price

A construction organization requires specialist equipment for digging deep foundations. Which of the following circumstances would result in the hire of equipment rather than leasing it?

• A.The expected frequency of use, the storage available, and the lease cost of the equipment compared to hiring it
• B.The subjective assessment of multiple factors for both hire and lease by the directors
• C.The results of a discounted cost analysis using comparative weekly payments for both hire and lease options
• D.The finance available and the potential profits available on the eventual sale of the leased equipment compared to hire costs

PPC Refinery (UK) must close down an out-of-date refinery which has very poor environmental performance.
The refinery is very sophisticated with many technically complicated machineries, lubricants, coolants and other chemical substances. Decommissioning the refinery is highly risky and hazardous. To manage the decommissioning process well, PPC project team must know these machineries and substances in details.
Which document can provide the technical details on the refinery?

• A.Non-disclosure agreement
• B.Corporate social responsibility policy
• C.Original specifications
• D.Code of Conduct

A light bulb supplier's catalogue shows a list of different products and product codes. Here is an example:
5WBC201, 5WBC202, 5WBC203. This supplier is using which of the following product coding structures?

• A.Significant coding with sequential numbering
• B.Symbolic coding with numeric grouping
• C.Serial numbering of individual items
• D.Standard barcode format