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IAM The Institute of Asset Management Certificate Sample Questions (Q42-Q47):

NEW QUESTION # 42
Effective asset management can enhance an organization's reputation and its ability to .......?

A. Operate safely.
B. Meet its regulatory and statutory obligations
C. All true
D. Reduce the cost of managing assets over their lives.

Answer: C

NEW QUESTION # 43
In what year did the term "asset management" start to be used!

A. 0
B. 1
C. 2
D. 3

Answer: D

NEW QUESTION # 44
Which of these statements is UNTRUE?

A. Asset information is always worth collecting regardless of cost
B. Asset information can be treated as an asset in its own right
C. Asset information has maintenance costs as well as collection costs

Answer: A

NEW QUESTION # 45
Capital Investment Decision-Making comprises the processes to .....

A. evaluate and analyse options for the creation of new assets
B. All false
C. The replacement of modal at the end of their useful life
D. Decreasing the capability of assets

Answer: A

NEW QUESTION # 46
Which of these is NOT a key principle of asset management?

A. Reducing the costs of investments
B. All of above false
C. Linking decisions to the overall business objectives
D. Applying a whole-life perspective

Answer: A

NEW QUESTION # 47
......

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