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NEW QUESTION # 107
Quality superiority of a product or service can be maintained if the organization:
- A. Continues product or service improvement and has effective market promotion
- B. Ensures its marketing and field service quality controls are perfect.
- C. Continually promotes its claims to superior quality and market leadership.
- D. Holds product specifications constant and historically accurate.
Answer: A
NEW QUESTION # 108
Inwhich of the following circumstances might it be appropriate to conduct a Failure Modes and Effects Analysis?
- A. A custom-made production machine, critical to meeting production requirements, has failed for a third time in six months. The Maintenance Department has carefully inspected the machine after each failure, and each failure has been attributed to a loss of lubrication to the machine's bearings.
- B. Corporate downsizing has reduced the staff of the Maintenance Department to two Reliability Technicians and two foremen for each craft (trade). These foremen will now manage contracted maintenance crews for all plant (facility) maintenance activities.
- C. The Production Department has added a third production shift to meet increased sales. The new shift will be staffed mostly of new employees whose training consists of two weeks working with the day shift. Adding the third shift also increases equipment operating hours by 50%.
- D. The Maintenance Department has assumed responsibility for maintenance of the equipment in a small production line acquired after buyout of a smaller competitor. The competitor uses equipment that is different from the company's existing equipment.
Answer: D
NEW QUESTION # 109
Which inventory method requires estimated changes in price levels for particular products?
- A. Dollar-value LIFO
- B. Average cost retail
- C. Weighted-average cost
- D. Conventional retail
Answer: A
Explanation:
Dollar-value last-in, first-out (LIFO) requires estimated
changes in price levels for particular products. The use of dollar-value LIFO necessitates a particular price index for each year. In this inventory method, all of the costs of similar (but not identical) products are accumulated. Similar products are those that are interchangeable, have similar purposes, constitute the raw materials for a particular product, or are part of the same product line. The conventional retail and average cost retail methods simply calculate the ending inventory at retail and adjust it to cost according to a cost-retail ratio. The weighted- average cost method creates an average cost irrespective of changes in the general price level.
NEW QUESTION # 110
A typical quantity produced as output. The output has acceptable quality and consistent means to quantify. Examples would include gallons, liters, pounds, kilograms or other standard units of measures.
- A. Mean Downtime (MDT) Formula
- B. Maintenance Training Hours
- C. Standard Units Produced
- D. INTERNAL MAINTENANCE EMPLOYEES
Answer: C
NEW QUESTION # 111
You are the maintenance manager for a manufacturing plant (facility) that runs 24 hours a day, seven days a week. The product is selling well. The business is healthy. Which consideration will bring the most value to your business when planning your next major shutdown of your operating area?
- A. Limit the work to only jobs that require a shutdown to perform
- B. Delay the shutdown until an equipment failure forces the plant (facility) down
- C. Make full utilization of manpower during the shutdown period
- D. Keeping the cost within budget
Answer: A
NEW QUESTION # 112
In lean Manufacturing environment which formula most accurately defines profit?
- A. Profit = (price-cost) X volume
- B. Profit = (Price-Cost)/Volume
- C. (Price-Cost-Waste)/Volume
- D. Profit = Price - Cost
Answer: C
NEW QUESTION # 113
Design Phase
- A. The best method of measuring the reliability of an asset is by?
- B. The inventory turnover ratio for MRO store should be:
- C. The 6th S in 6S (also called 5S plus) stands for safety. (T/F)
- D. The biggest benefit of failure modes and effects analysis occurs during:
Answer: D
NEW QUESTION # 114
(%) = [Preventive Maintenance Cost ($) ÷ Total Maintenance Cost ($)] ×
100 → Corrective Maintenance Hours Formula
- A. True
- B. False
Answer: B
NEW QUESTION # 115
In the development of a capital budget, which of the following factors would be most important?
- A. Equipment requests from the profit center
- B. Current price of the company's products
- C. Demand for the company's products
- D. Supply of the company's products
Answer: A
Explanation:
In the development of a capital budget, equipment requests from the profit center would be the most important factor. The general intention of a capital budget is to outline a plan for acquiring the necessary funds for operating assets. A capital budget generally is prepared more than a year in advance. Because it involves the financing of major expenditures on equipment, buildings, and land, it is intimately related to requests for profit center equipment. The current supply of and demand for the company's products would be largely irrelevant to the capital budget. Similarly, the creators of the capital budget would be less concerned with current product prices than with likely future prices.
NEW QUESTION # 116
Quantitative analyses, such as break even analysis, can be oversimplifications of the problem because:
- A. Assumptions depart too far from reality.
- B. Management needs simple answers.
- C. Options are analyzed and weighed.
- D. All of the variables are covered.
Answer: A
NEW QUESTION # 117
When developing and presenting a new strategic plan to stakeholders, which of the following is the most important?
- A. Establishment of a common goal
- B. Gaining the trust of stakeholders
- C. Implementation timetable
- D. Craft (trade) flexibility
Answer: B
NEW QUESTION # 118
defined as the percentage of "First Pass, First Time" Saleable Production to the Actual Production
- A. Availability
- B. Failure
- C. Quality
- D. Uptime
Answer: C
NEW QUESTION # 119
What is the first method that should be considered for controlling noise exposure?
- A. reduction of noise at its source
- B. personal protective equipment
- C. reduction of noise transmitted
- D. develop noise transmission standards in equipment specifications
Answer: D
NEW QUESTION # 120
Which of the following is not part of a well-developed training strategy?
- A. Assessment of current skills
- B. Definition of skill requirements
- C. Gap closure plan
- D. Performance reviews
Answer: D
NEW QUESTION # 121
A skills audit is undertaken to:
- A. Benchmark skills against other companies.
- B. Help an organization understand skills it requires.
- C. Help an organization understand skills in its industry.
- D. Develop employee training plans for the next year.
Answer: B
NEW QUESTION # 122
Mesh the production schedule and the maintenance schedule.
- A. Most of the maintenance costs become fixed at what phase?
- B. Which of the following is not a primary objective for implementing a planning process?
- C. Total Units Produced
- D. Properly training the M&R workforce can increase asset and plant availability. (T/F)
Answer: B
NEW QUESTION # 123
Time an asset is down for repairs or modifications that are not on the weekly maintenance schedule.
- A. Unscheduled Downtime
- B. Average Availability
- C. Availability Formula
- D. Total Units Produced
Answer: A
NEW QUESTION # 124
Which one of the followingwork order characteristics addthe most value to the business?
- A. Work completed is well-documented
- B. Closed in a timely manner
- C. Correct charge codes used
- D. Proper authorization
Answer: A
NEW QUESTION # 125
Reliability predictions are often expressed in terms of Mean Time Between Failures (MTBF) or its reciprocal.The reciprocal is known as the:
- A. Failure Mode.
- B. Service Life.
- C. Failure Rate.
- D. Mean Time To Failure.
Answer: C
NEW QUESTION # 126
Which of the following has the least impact on maintenance and operations process improvements?
- A. Cross-functional improvement teams
- B. Age and condition of assets
- C. Preventive maintenance
- D. Manufacturing teams
Answer: B
NEW QUESTION # 127
This metric is the percentage of maintenance labor hours used to perform fixed interval maintenance tasks, regardless of the equipment condition at the time
- A. Corrective Maintenance Cost
- B. Maintenance Training Cost
- C. Preventive Maintenance Hours
- D. Corrective Maintenance Hours
Answer: C
NEW QUESTION # 128
metric for measuring how well a process is operating by evaluating the three major process components: availability, performance efficiency (rate/speed) and quality. The process can be a single piece of equipment, a manufacturing cell, a production line or a plant
- A. mean metrics
- B. Mean Time Between Maintenance (MTBM) Formula
- C. Overall Equipment Effectiveness (OEE) equation
- D. Overall Equipment Effectiveness (OEE) definition
Answer: D
NEW QUESTION # 129
Of the choices below, which is the best way to evaluate the effectiveness of a Safety Program?
- A. Solicit feedback about safety performance from employees
- B. Periodic safety audits of work processes in the field
- C. Measure the number of safety slogans and bulletins posted
- D. Review health and safety performance as required
Answer: B
NEW QUESTION # 130
Time to do required work on an asset that is on the finalized weekly
maintenance schedule.
- A. Scheduled Downtime
- B. Actual Production
- C. Rework Formula
- D. UTILIZATION TIME
Answer: A
NEW QUESTION # 131
Under what circumstances are healthcare facilities allowed to write up the costs of property, plant, and equipment in response to current appraisals?
- A. When the appraisal can be demonstrated to be objective
- B. When the value increases by more than 20% in a year
- C. This is almost never allowed.
- D. When the value increases by more than 10% in a year
Answer: C
Explanation:
Companies are almost never allowed to write up the costs of property, plant, and equipment in response to current appraisals. There are very rare exceptions to this rule, but in general businesses are not allowed to use appraisals to manipulate the valuation of assets. This is true regardless of how much the asset is believed to increase in value over a specific amount of time.
NEW QUESTION # 132
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