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IBM Maximo Asset Management V7.1 Solution Design Sample Questions:

1. Which two best describe Maximo Assets? (Choose two.)

A) consumable stock items or bench stock
B) expendable components
C) equipment, fixtures, or machinery
D) land and right of ways
E) fixed1 physical, or capital assets

2. As part of setting up IBM Maximo Asset Management V7.1 organizations (0) are required to be created and an organization has to be activated. What are the required steps to activate an organization?

A) Define the asset account code, update organizations clearing account, and activate the organization.
B) Define the GL accounts codes, update organizations clearing account, and activate the organization.
C) Create a GL account, update organizations transfer asset account, and activate the organization,

3. A company has decided that they will cease using pre-printed Purchase Orders and instead, it will be using the Terms and Conditions application to list all Terms and Conditions application to list all Terms and Conditions that are used as part of the purchasing process. They should have four of these Terms and Conditions automatically applied for each new Purchase Order. Which application provides this solution?

A) Terms and Conditions application
B) Purchasing Request application
C) Purchase Order application
D) Request for Quotation application

4. What is a requirement in terms of swapping assets?

A) The assets must be in the same location.
B) The assets must be in the same work.
C) No requirements are needed.
D) The user/custodian of the assets must be the same.

5. Which statement describes Linear Assets?

A) Linear Assets are preserved and maintained in place and in segments.
B) Linear Assets are independent of an asset hierarchy.
C) Linear Assets are installed, maintained, and replaced as a whole.
D) Linear Assets are confined to an asset hierarchy.

Solutions: