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IBM Assess: Fundamentals of Applying Maximo Asset Management Solutions V3 Sample Questions:

1. Which type of contract represents an agreement to spend a predetermined amount with a vendor over a period of time?

A) Warranty Contract
B) Labor Rate Contract
C) Blanket Contract
D) Price Contract

2. In which two applications can inventory issue costs be configured? (Choose two.)

A) Inventory Usage
B) Inventory
C) Cost Management
D) Organizations
E) Item Master

3. Which inventory costing option would be used if the items are utilized in the order in which they are received?

A) FILO
B) FIFO
C) LEO
D) LILO

4. Which statement correctly describes warrants! recovery in IBM Maximo Asset Managementfor Transportation?

A) providing a way to create pools of warranty coverage by purchasing additional insurance against failures
B) trading warranty coverage from one asset to another to reduce purchase prices on new assets
C) directing efforts to utilize warranty coverage completely and effectively to reduce cost
D) negotiating reduced prices in lieu of warranty coverage

5. New to IBM Maximo Asset Management V7.5 is the ability to import and export records from certain applications. How is it determined which applications use this functionality?

A) Object structures that are consumed by integrations.
B) All Maximo applications can be enabled for application import and export.
C) Applications that do not have a hierarchy structure such as Locations and Classifications.
D) This feature is enabled for applications that contain transactional data and not configuration changes.

Solutions: