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SMRP Certified Maintenance & Reliability Professional Exam Sample Questions (Q56-Q61):

NEW QUESTION # 56
365 days x 24 hours = 8760 hours per year. → Average Availability

A. False
B. True

Answer: A

NEW QUESTION # 57
How do freight costs affect the inventory of a retailer?

A. Freight costs increase inventory.
B. Freight costs do not affect inventory.
C. Freight costs decrease inventory.
D. Freight costs may increase or decrease inventory.

Answer: A

Explanation:
Freight costs are inventoriable, because they are directly incurred during the process of bringing a product to the condition and location in which it can be sold. Therefore, freight-in costs increase inventory value.

NEW QUESTION # 58
A medical care facility is given several options for calculating depreciation on a new piece of equipment.
Which of the following would be the best choice?

A. Five-year life, double-declining balance method
B. Seven-year life, double-declining balance method
C. Five-year life, straight line method
D. Seven-year life, straight line method

Answer: A

Explanation:
The medical care facility would be well advised to select the five-year life, with depreciation calculated according to the double-declining balance method. Whenever possible, a business should select the method of depreciation with the shorter life and the more rapid decline in asset value. When an asset's value declines rapidly, the business will pay lower taxes on it. The double-declining value method depreciates the asset at twice the rate of the straight-line method.

NEW QUESTION # 59
Ratio of Replacement Asset Value ($) to Craft-Wage Head Count = RAV ($) ÷ Craft-Wage Headcount

A. TOTAL MAINTENANCE TRAINING COST
B. Ratio of Replacement Asset Value (RAV) to Craft-Wage Headcount Formula
C. TOTAL INTERNAL MAINTENANCE EMPLOYEE LABOR COSTS
D. Stocked MRO Inventory Value As a Percent of Replacement Value (RAV) Formula

Answer: B

NEW QUESTION # 60
Which of the following is a major benefit of enterprise resource planning systems?

A. They are appropriate for businesses of all sizes.
B. Data may be updated for different functions.
C. Data is centralized.
D. They are easy to adjust.

Answer: C

Explanation:
A major benefit of enterprise resource planning systems is that data is centralized. All the departments in the organization use and have access to the same database, so when a particular value is changed by one department, every other department receives the updated value. For this reason, enterprise resource planning systems help to coordinate complex organizations.
This means that they are really only appropriate for medium and large businesses. Because enterprise resource planning systems are so complex, they are difficult to adjust. Also, they create a system to be used by the entire organization, so data may not be updated for different functions.

NEW QUESTION # 61
......

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