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NEW QUESTION # 114
The number of units produced during a designated time period.
- A. Standard Units Produced
- B. Total Units Produced
- C. Availability Formula
- D. TOTAL INTERNAL MAINTENANCE EMPLOYEE LABOR COSTS
Answer: B
NEW QUESTION # 115
the metric is the measure of the total maintenance cost required for an asset or facility to generate a unit of production. → Maintenance Unit Cost
- A. True
- B. False
Answer: A
NEW QUESTION # 116
Preventive Maintenance is defined as: Maintenance tasks, including inspection, service and or replacement, conducted at regular, scheduled intervals of calendar or operating time established to avoid failure based on average statistical anticipated lifetime.
There are cautions regarding the application of PM: No more than "A" percent of total failures are time based, wear out, in nature. .... thus. PM is an ineffective avoidance action for about *'B" percent of probable failures.
- A. A = 80; B = 20
- B. A = 60; B = 40
- C. A = 20; B = 80
- D. A = 40; B = 60
Answer: A
NEW QUESTION # 117
Arrange the following cascading indicators in descending order:
1.Schedule compliance
2.Return on Invested Capital
3.Uptime
4.Equipment reliability
5.Plant (Facility) Profitability
6.Production volumes
- A. 2, 5, 6, 3, 4, 1
- B. 2, 1, 3, 4, 6, 5
- C. 2, 5, 6, 4, 3, 1
- D. 3, 5, 6, 4, 1, 2
Answer: C
NEW QUESTION # 118
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. INTERNAL MAINTENANCE EMPLOYEES
- B. Maintenance Training Hours
- C. Standard Units Produced
- D. Mean Downtime (MDT) Formula
Answer: C
NEW QUESTION # 119
Average availability over a specific time period when an asset is available for use. It is also called mean availability → Average Availability
- A. False
- B. True
Answer: A
NEW QUESTION # 120
The metric is the value of maintenance, repair and operating materials (MRO) and spare parts stocked on site to support maintenance, divided by the Replacement Asset Value (RAV) of the assets being maintained at the plant, expressed as a percentage
- A. Stocked MRO Inventory Value As a Percent of Replacement Value (RAV) Formula
- B. Ratio of Replacement Asset Value (RAV) to Craft-Wage Headcount Formula
- C. Maintenance Training Return on Investment (ROI)
- D. Stocked MRO Inventory Value As a Percent of Replacement Value (RAV)
Answer: A
NEW QUESTION # 121
defined by The Association for Manufacturing Technology as the percentage of potential production time during which equipment is operable. The term is applied to a single piece of manufacturing equipment (or several machines acting as a unit)
- A. Availability
- B. Equipment Availability Formula
- C. Equipment Availability
- D. Inherent Availability
Answer: C
NEW QUESTION # 122
What is at the heart or core of the Organization for International Standards (ISO) 9000 series documents concerning quality of products and services?
- A. Human safety and environmental protection
- B. Management of quality assurance processes
- C. How to write quality control documents
- D. Procedures, document existence, compliance, and control
Answer: D
NEW QUESTION # 123
Determining the optimal replacement time for spares (spare parts) with an unacceptable interval, needs to account for:
- A. The interest charges for capital expenditures.
- B. The value of money changing over time.
- C. The cost of borrowing versus interest lost on operating funds.
- D. The depreciated value of the equipment.
Answer: B
NEW QUESTION # 124
Which of the following is not part of a well-developed training strategy?
- A. Definition of skill requirements
- B. Gap closure plan
- C. Assessment of current skills
- D. Performance reviews
Answer: D
NEW QUESTION # 125
The interval between condition based maintenance (CBM) tasks should be determined based on:
- A. the criticality of the equipment and the impact of the failure mode.
- B. the failure rate under different operating conditions.
- C. how quickly the failure mode progresses and causes functional failure.
- D. the failure rate under different operating conditions.
Answer: A
NEW QUESTION # 126
The amount of time an asset is actively producing a product or providing a service. It is the actual running time. → Uptime
- A. True
- B. False
Answer: A
NEW QUESTION # 127
= Total Maintenance Cost ÷ Standard Units Produced
- A. Total Maintenance Cost As a Percent of Replacement Asset Value (RAV) Formula
- B. Maintenance Unit Cost Formula
- C. INTERNAL MAINTENANCE EMPLOYEES
- D. Maintenance Action
Answer: B
NEW QUESTION # 128
Which of the following is a disadvantage of the FIFO system?
- A. Ending inventory is significantly different than current replacement cost.
- B. It cannot be compared with the matching of cost flow and physical flow by the specific identification system.
- C. Current revenues are distinct from older costs.
- D. It is more difficult to manipulate.
Answer: D
Explanation:
One disadvantage of the first-in, first-out (FIFO) system is that it is more difficult to manipulate. That is, because the order in which products enter and leave inventory is predetermined, the business cannot structure imports and exports to increase or decrease inventory levels. Another problem with the FIFO system is that current revenues are matched with older costs, which can create confusion. Also, ending inventory will be roughly the same as current replacement cost, though this is an advantage of the FIFO system. Finally, the specific identification system's method of matching cost flow and physical flow is very similar to the FIFO system.
NEW QUESTION # 129
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