CIPS L4M7 Whole-life Assets Management Online Training
CIPS L4M7 Online Training
The questions for L4M7 were last updated at Jun 20,2025.
- Exam Code: L4M7
- Exam Name: Whole-life Assets Management
- Certification Provider: CIPS
- Latest update: Jun 20,2025
Which is the best definition of reorder point?
- A . The point at which stock will fall to zero minus lead-time
- B . The point when one unit of stock remains in stock
- C . The point when stock reaches zero
- D . The level inventory at which an order must be made
When accounting for the disposal of fixed assets, the gain or loss on disposal is equal to…?
- A . The difference between resale price and the cost or valuation less accumulated depreciation up to the date of disposal
- B . The difference between resale price and the cost of that asset
- C . The difference between resale price and the cost or valuation plus depreciation up to the beginning of the year in which disposal took place
- D . The difference between resale price and the cost of the asset less depreciation up to the beginning of the year in which disposal took place
XYZ Ltd is a major distributor of electrical equipment protection products in the United States. XYZ found that there was a lack of communication between the company and its key supplier, leading to the supplier trying to predict distributor needs and distributor attempting to estimate lead times. Essentially, both the supplier and the distributor have different sets of information, spending time and money trying to predict what the other will do. To deal with this problem, XYZ Ltd decides to implement new inventory management method in which the supplier manage the replenishment of items for sale. Both parties are obliged to share information on variations in demand and stock levels for goods used for or sale.
Which inventory management method is XYZ Ltd implementing?
- A . Reverse logistics
- B . Floor-ready merchandise
- C . Vendor managed inventory
- D . Economic order quantity
Which of the following is the cylindrical container that is suitable for liquids or loose material
- A . Tote box
- B . Drum
- C . Industrial container
- D . Storage bag
Which of the following is the character that allows the computer to verify whether a product code is entered correctly?
- A . 3-digit prefix
- B . Check digit
- C . Radio frequency identification
- D . Barcode
In ABC analysis, category C is also known as…?
- A . Indirect spend
- B . Long tail spend
- C . Direct spend
- D . Capital expense
Which of the following is an assumption of economic-order-quantity model?
- A . The quantity ordered can vary at each reorder point
- B . Demand, ordering costs, and carrying costs are uncertain
- C . No inventory stockouts occur
- D . The purchasing cost per unit is affected by the order quantity
Which of the following best describes what happens when order volumes from customers increase and multiply through the supply chain?
- A . Pareto curve
- B . Opitz system
- C . Forrester effect
- D . Seasonal demand
Which one of the following statements is true about radio frequency identification (RFID)?
- A . RFID tags require laser scanning.
- B . A passive RFID tag does not use an antenna
- C . An active RFID tag does not require a power source
- D . Normally passive RFID tags store ID numbers
Which one of the following statements is true about radio frequency identification (RFID)?
- A . RFID tags require laser scanning.
- B . A passive RFID tag does not use an antenna
- C . An active RFID tag does not require a power source
- D . Normally passive RFID tags store ID numbers
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