A05 - Managing Asset Lifecycles

10 Questions | By Mconnect | Updated: Mar 21, 2022 | Attempts: 606

Questions

Settings

Create your own Quiz

Questions and Answers

1.

The In-Service Indicator is located on the Asset UDF page and is what signifies if the Asset is currently In-Service or Out of Service.
- A.
  
  True
- B.
  
  False
2.

When the In-Service indicator is unchecked, this will begin to track the downtime for the Asset and record the data for reporting.
- A.
  
  True
- B.
  
  False
3.

Which feature(s) can be triggered by an Asset being set as Out of Service?
- A.
  
  Events and Alerts
- B.
  
  Conditional Formatting
- C.
  
  Scheduled Reporting
- D.
  
  All of the above
- E.
  
  None of the above
4.

When setting an Asset Out of Service, which of the following fields are required? (Select all that apply)
- A.
  
  Sub-Status
- B.
  
  Approval
- C.
  
  Shutdown Date/Time
- D.
  
  Reason for Shutdown
5.

What is the recommended way to handle permanently inactive Assets?
- A.
  
  Delete them
- B.
  
  Leave as is
- C.
  
  Create Parent Asset to store all Inactive Assets
- D.
  
  None of the Above
6.

Asset Downtime is the transaction recorded each time an Asset is removed from service.
- A.
  
  True
- B.
  
  False
7.

What determines location change records for Assets?
- A.
  
  Repair Center change
- B.
  
  Classification change
- C.
  
  Shop change
- D.
  
  Asset Type change
8.

Work Order History for an Asset is stored in the Asset History tab, Work Orders sub-tab.
- A.
  
  True
- B.
  
  False
9.

What kind of criteria can be used on a Work Order report to limit Asset specific information? (Select all that apply)
- A.
  
  Location/Asset
- B.
  
  Asset Classification
- C.
  
  Preventative Maintenance
- D.
  
  All of the above
- E.
  
  None of the Above
10.

Which report is beneficial for tracking Asset location changes?
- A.
  
  Asset Meter Form by Location
- B.
  
  Asset Classification History by Location
- C.
  
  Asset Type History by Location
- D.
  
  Asset Moves by History Location