A05 - Managing Asset Lifecycles

10 Questions | Total Attempts: 599

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Science Quizzes & Trivia

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

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