L4M7 Exam Dumps - Whole Life Asset Management

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Question # 33

RFID, or Radio Frequency Identification, is fast emerging as a major commercial technology. Like every new technology, it has advantages and disadvantages. An advantage of using RFID is that...

It is easy to implement and requires little investment in information technology

It is better than barcodes as it cannot be easily replicated, and therefore, increases the security on a product

Tags only store limited data, whereas a barcode can hold unlimited data

It is cheaper for many applications compared to other tracking and identification methods

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Question # 34

Jack is the inventory manager of XYZ Ltd. a retail chain business operating in ten locations nationally. Jack is contemplating changing the inventory systems from

barcoding to radio frequency identification otherwise referred to as RFID.

However, it Is unclear to Jack what the challenges this new system might present

Which one of the following is a disadvantage of an RFID system?

It is labour intensive as it requires a direct line-of-sight to the product tags

It can only be used on bulky metal products held in storage

It can cause reader collision from two simultaneous tags in the same area

It only operates on clear barcodes and not ones that are faded or damaged

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Question # 35

Contracts for hire is a method for renting an item from a business that exists to provide items for use from time to time. A contract for hire has which of the following features?

Ownership of the item transfers to the person hiring the item at the end of the agreed hire period

The person hiring the item contracts to use the item for a stated period, at an agreed rate per period, on agreed terms

At the end of the hire period, the person hiring the item keeps possession and lends to other customers

A contract for hire is an agreement for the person hiring out the item to sell it to the person hiring the item

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Question # 36

Staff at DIY Products Inc. (DPI) have been experiencing issues with the identification of stock items. The current labeling system is outdated and unreliable. DPI has therefore invested in a machine-readable approach. Each item has a unique number that is attached visibly to the packaging. This number can be deciphered by a scanner to aid identification. This approach is known as which of the following?

Standard certification

Order tracking

Bar coding

Product tagging

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Question # 37

A warehouse manager is evaluating the use of Automated Guided Vehicles (AGVs) within a non-repetitive task environment. After reviewing their use, the manager decided to invest in a number of AGVs. Was this decision correct?

Yes, as it will reduce the costs of labor by replacing a human worker

Yes, as it will increase stock picking accuracy and productivity

No, as they are only suitable for use in repetitive task environments

No, as it commits the organization to a large capital cost

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Question # 38

Which of the following are holding costs of inventory in a warehouse?

Costs related to the value of the inventory held

Losses due to product deterioration

Preliminary costs associated with purchase orders

Loss of supplier discounts due to reduction in reorder quantities

2 and 4 only

2 and 3 only

1 and 3 only

1 and 2 only

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Question # 39

The optimum balance in the standard ISO 18602:2013 (Packaging and the environment â€” Optimi-zation of the packaging system) considers which of the following factors?

1. Environmental impact of losses due to lack of packaging

2. The process for packaging design, including material selection

3. Procedures and requirements for packaging that are suitable for organic recycling

4. Environmental impact of excess packaging

2 and 3 only

2 and 4 only

1 and 3 only

1 and 4 only

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