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1. What does the ABC designation include for inventory items?
A. Quantity reserved in stock
B. Quantity expired for a particular Lot
C. Count Frequency in number of days
D. Activity Based Costing in capital dollars
Answer: C
2. Which statement is true about items that have been assembled into a kit?
A. Only rotating items can be part of a kit.
B. Kits can be assembled from lotted items.
C. Kits can be assembled from items in different storerooms.
D. Items that have been assembled into kits do not appear in item balances.
Answer: D
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3. What is the maximum value (as a percentage of total cost) that an item identified as conditioncoded can have?
A. 25%
B. 50%
C. 75%
D. 100%
Answer: D
4. In order to use the item records at the site level, to what must the item be added?
A. Asset
B. Location
C. Storeroom
D. Rotating Asset
Answer: C
5. What must be created before populating the Tools application?
A. Item Sets
B. Item Master Owner
C. Vendors for the Items
D. Storeroom assignment
Answer: A
6. What is used to execute a task at a particular time against any application on a user-defined schedule with user-defined parameters?
A. Sets
B. Workflow
C. Cron Task
D. Notification
Answer: C
7. Can an item balance ever be allowed to be negative?
A. Never
B. Always
C. Depends on which item
D. Depends on if it is allowed in the Inventory Default settings
Answer: D
8. Which statement is true about item records and inventory management?
A. With IBM Maximo Asset Management V6.2 (IMAM), item records are created in the Item Master application, and storeroom records are created in the Storerooms application, but inventory is managed in the Inventory application.
B. With IMAM, item records are created in the Storerooms application, and storeroom records are created in the Inventory application, but inventory is managed in the Inventory application.
C. With IMAM, item records are created in the Inventory application, and storeroom records are created in the Item Master application, and inventory is managed in the Item Master application.
D. With IMAM, item records are created in the Inventory application, and storeroom records are created in the Storerooms application, but inventory is managed in the Item Master application.
Answer: A