Following questions are related to Contracts Module of IBM Maximo Enterprise Asset Management. They may help in preparation of certification test number 000-015 i.e. IBM Maximo Enterprise Management v7.1 Implementation.
Choose one of the following options and leave your answers in a comment below:
- Which of the following is true about Labor Rate Contract.
- A – Craft Rate lines created in Labor Rate Contract are automatically available in Crafts application
- B – Craft Rate lines created in Labor Rate Contract should be entered in Crafts application also for use on Job Plan and Work Orders
- In Lease/Rental contract application following types of contracts can be created.
- A – Lease
- B – Lease and Rental
- C – Lease, Rental and Service
- D – Purchase
- Which of the following types of contracts can be created in Warranty Contracts application.
- A – Warranty
- B – Service
- C – Both
- In Warranty Contracts, each contract lines specifies the warranty period and coverage for an asset mentioned on the line.
- A – True
- B – False
- View Release Cost option is not available for which of the following contract type.
- A – Purchase Contract
- B – Warranty Contract
- In a Lease Contract, asset can be purchased at the end of lease. This buy-out option is not available in Rental Contract.
- A – True
- B – False
- Contracts created from Purchase Contracts application may have one of the following types.
- A – Purchase, Price and Blanket
- B – Purchase, Price, Service and Blanket
- C – Purchase, Price and Service
- If a contract having start date in future is approved, the status changes to:
- A – APPR
- B – PENDING
- C – WSTART
- The total cost field on Master Contract reflect the sum of the total costs of associated contracts.
- A – True
- B – False
- Contracts can not be associated to an unapproved Master Contract
- A – True
- B – False
- PENDING, SUSPND and EXPIRED are valid statuses for contracts
- A – True
- B – False
- A Terms and Conditions referred on approved Contracts can not be deleted from Terms and Conditions application.
- A – True
- B – False
- Terms and Conditions can be added to approved Contracts.
- A – True
- B – False
Also See:
- IBM Maximo EAM Quiz 1 – Assets Module
- IBM Maximo EAM Quiz 2 – Preventive Maintenance Module
- IBM Maximo EAM Quiz 3 – Inventory Module
- IBM Maximo EAM Quiz 4 – Contracts Module
- IBM Maximo EAM Quiz 5 – Purchasing Module
- IBM Maximo EAM Quiz 6 – Resources Module
- IBM Maximo EAM Quiz 7 – Work Management Module
B
B
A
A
B
B
A
C
A
A
B
B
B
Correct Answers are posted. Check them out as few are incorrect.
please give correct answers
Correct answers are already posted below. (dated 10 August 2011)
1: B.
2: B.
3: C.
4: A.
5: B.
6: A.
7: A.
8: C.
9: B.
10: B.
11: A.
12: A.
13: A.
1:◦B – Craft Rate lines created in Labor Rate Contract should be entered in Crafts application also for use on Job Plan and Work Orders
2:◦B – Lease and Rental
3:◦C – Both
4:◦B – False
5:◦A – Purchase Contract
6:◦B – False
7:◦A – Purchase, Price and Blanket
8:◦C – WSTART
9:◦A – True
10:◦B – False
11:◦B – False
12:◦A – True
13:◦A – True
Correct Answers:
1-A
2-B
3-C
4-B
5-B
6-B
7-A
8-C
9-B
10-B
11-B
12-A
13-B