Free Whole Life Asset Management Practice Questions

A.  

Closed-loop recycling

B.  

Carbon recycling

C.  

Open-loop recycling

D.  

Reuse

A.  

Eliminating dead stock or inventory

B.  

Temporary warehousing

C.  

Installing double-deep pallet racking

D.  

Consignment stocking

E.  

Adopting carousel-type storage

A.  

10

B.  

4

C.  

0.25

D.  

0.4

A.  

Scrap the stock as environmentally as possible and reorganise the warehouse

B.  

Repackage and isolate the stock from the remaining stock to maximise usable space

C.  

Ask the original supplier for potential return and credit or sell the stock

D.  

Maintain the safety and security of the stock for potential future use

A.  

Replace every machineries at breakdowns

B.  

Only conduct preventative maintenance

C.  

Outsource corrective maintenance but in-source preventative maintenance.

D.  

Balance between proactive maintenance and reactive maintenance

A.  

Small items in tote boxes will be stored on the ground floor with forklifts and other equipment, high-usage palletised items will be stored on the first floor

B.  

Medium- to low-usage palletised items will be stored on the ground floor, high-usage items will be stored on the first floor where the building administrative office is located

C.  

Forklifts and other warehouse equipment will park on the ground floor, all inventories will be stored on the first floor

D.  

Pallets, roller cages and other bulky items will be stored on the ground floor, smaller items in plastic tote boxes will be stored on the first floor

A.  

Inventory that has finished the production process

B.  

Inventory introduced into production but not completed as of the stocktake date

C.  

Inventory not yet introduced into the production process

D.  

Obsolete inventory

A.  

Just-in-time

B.  

Reorder point

C.  

Safety stock

D.  

Demand variance