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IAM The Institute of Asset Management Certificate - IAM-Certificate Exam Practice Test

Page: 1 / 18
Total 124 questions

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Question 1

What is PAS 55?

A. A BSI Publically Available Specification for the optimized management of financial assets B. A BSI Publically Available Specification for the optimized management of physical assets C. A BSI Previously Available Specification for the optimized management of financial assets D. A BSI Previously Available Specification for the optimized management of physical assets

Discussion 0

Correct Answer: B Vote an answer

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Question 2

What are the main cost elements of a whole-life cost approach?

A. Installation, failure and refurbishment costs B. Maintenance, associated financing costs, refurbishment, and disposal costs C. Installation, maintenance and operations, and disposal costs D. Asset deterioration and reliability costs

Discussion 0

Correct Answer: C Vote an answer

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Question 3

Asset Management should deliver:

A. All false B. The maximum dividends for the organisation's shareholders C. The organisation's strategic objectives D. The maximum level of service for the organisation's customers

Discussion 0

Correct Answer: C Vote an answer

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Question 4

What does the "D" in EBITDA stand for?

A. Disincentive B. Disinvestment C. Discounts D. Distinction E. Depreciation

Discussion 0

Correct Answer: E Vote an answer

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Question 5

When undertaking whole-life cost analysis it is important to remember that:

A. It is impossible to get the right answer unless all the data and information are understood B. The analysis should be completed without reference to other organisational functions to ensure independence C. As many costs as possible should be included in the analysis ensuring these are consistently derived between analyses

Discussion 0

Correct Answer: A Vote an answer

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Question 6

The objectives that the organization wants to achieve from its asset management activities, are ....

A. A and B False B. the future capability and performance requirements of assets, asset systems and the asset portfolio as a whole C. A and B True D. to describe an organisation's long-term approach to managing its assets

Discussion 0

Correct Answer: C Vote an answer

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Question 7

Which statement is INCORRECT?

A. The Asset Management Policy should be derived from all other relevant organisational policies B. All above true C. The Asset Management Policy should be consistent and aligned with the corporate objectives and strategy D. The Asset Management Policy should be consistent and aligned with all other relevant organisational policies

Discussion 0

Correct Answer: A Vote an answer

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Page: 1 / 18
Total 124 questions

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