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NEW QUESTION # 27
A process system consists of two units,A and B. "Unit A" feeds "Unit B." such that if either unit is not operating, the system is not operating. Given the data below, calculate the annual Reliability of the system.
The system is in continuous operation
Unit A Reliability =0.40
Unit B Reliability = 0.32
t = 1 year
- A. 0.128
- B. 0.365
- C. 0.721
- D. 0.246
Answer: A
NEW QUESTION # 28
Total Maintenance Cost per RAV (%) = [Total Maintenance Cost ($) × 100] ÷ Replacement Asset Value ($)
- A. INTERNAL MAINTENANCE EMPLOYEES
- B. Total Maintenance Cost As a Percent of Replacement Asset Value (RAV) Formula
- C. Stocked MRO Inventory Value As a Percent of Replacement Value (RAV)
- D. Preventive Maintenance Cost
Answer: B
NEW QUESTION # 29
the ratio of the benefit to the cost of training maintenance employees
- A. Maintenance training ROI
- B. Maintenance Training Hours Formula
- C. Maintenance Action
- D. Maintenance Unit Cost Formula
Answer: A
NEW QUESTION # 30
Design Phase
- A. The biggest benefit of failure modes and effects analysis occurs during:
- B. The best method of measuring the reliability of an asset is by?
- C. The 6th S in 6S (also called 5S plus) stands for safety. (T/F)
- D. The inventory turnover ratio for MRO store should be:
Answer: A
NEW QUESTION # 31
What is the relationship between leading indicator metrics and lagging indicator metrics in the field of Maintenance and Reliability?
- A. Leading indicators are low level measures that reflect accomplishment of goals, while lagging indicators are measures of what must be done to improve results.
- B. Leading indicators are measures thatreflect accomplishment of goalswhile lagging indicators are measures of what must be done to improve results.
- C. Lagging indicators are measures that reflect accomplishment of goals, while leading indicators are measures of what must be done to improve results.
- D. Leading indicators are used by management, while lagging indicators are used by personnel on the shop floor.
Answer: B
NEW QUESTION # 32
Which of the following is a provision of the Sarbanes-Oxley Act of 2002?
- A. A company's management must cooperate with auditors to create internal controls.
- B. A company must employ its own auditors.
- C. Boards of directors should have less influence over financial statements.
- D. Chief financial officers are required to sign company tax returns.
Answer: A
Explanation:
This provision of the Sarbanes-Oxley Act of 2002 strengthened accounting standards in the wake of several business scandals. It declared that companies must use external auditors and that financial statements must be signed by the chief executive officer (making answer B incorrect). It also encourages boards of directors to take a more active role with financial statements.
NEW QUESTION # 33
Which ofthe following answers is not a critical factor in identifying customer requirements in developing a Maintenance and Reliability Program?
- A. Establish standard operating procedures
- B. Validate customer requirements
- C. Define customer needs
- D. Identify and prioritize requirements
Answer: A
NEW QUESTION # 34
Which of the following is least likely to be linked to Maintenance and Reliability process improvements?
- A. Better availability capability
- B. Reduced rework
- C. Lower operating costs
- D. Improved product design
Answer: C
NEW QUESTION # 35
the limit of the point availability function as time approaches infinity. It is also called steady-state availability
- A. Limiting Availability
- B. Equipment Availability
- C. Maintenance training ROI
- D. Achieved Availability
Answer: A
NEW QUESTION # 36
Which of the following criteria is not normally used to determine if a piece of equipment is critical?
- A. Its failure may result in the breach of environmental regulations.
- B. Its failure will trigger the start-up of the spare.
- C. The cost of repair or replacement is very high.
- D. Its failure will result in loss of production.
Answer: B
NEW QUESTION # 37
Inwhich of the following circumstances might it be appropriate to conduct a Failure Modes and Effects Analysis?
- A. The Maintenance Department has assumed responsibility for maintenance of the equipment in a small production line acquired after buyout of a smaller competitor. The competitor uses equipment that is different from the company's existing equipment.
- B. A custom-made production machine, critical to meeting production requirements, has failed for a third time in six months. The Maintenance Department has carefully inspected the machine after each failure, and each failure has been attributed to a loss of lubrication to the machine's bearings.
- C. The Production Department has added a third production shift to meet increased sales. The new shift will be staffed mostly of new employees whose training consists of two weeks working with the day shift. Adding the third shift also increases equipment operating hours by 50%.
- D. Corporate downsizing has reduced the staff of the Maintenance Department to two Reliability Technicians and two foremen for each craft (trade). These foremen will now manage contracted maintenance crews for all plant (facility) maintenance activities.
Answer: A
NEW QUESTION # 38
Which of the following is a potential advantage of participatory budgeting?
- A. Top-down approach to budget decisions
- B. Increased buy-in from employees
- C. Not subject to employee misperceptions
- D. Less expense associated with budget development
Answer: B
Explanation:
One of the potential advantages of
participatory budgeting is increased buy-in from employees. Indeed, the entire premise of this approach to budgeting is to encourage participation from employees.
A positive side effect is that employees will be more committed to making the budget a success, or at least will be more cognizant of how their actions are likely to contribute to the ultimate success of the budget. Participatory budgeting tends to be more expensive and time consuming. Also, it tends to focus research more on the knowledge and skills of employees than of managers. In other words, it is a grassroots rather than a top-down approach. For this reason, it is entirely dependent on the beliefs and perceptions of employees and is therefore vulnerable to negative influence from employee misperceptions.
NEW QUESTION # 39
The scheduler should assign work plans for the crew to execute what percentage of the forecasted hours?
- A. 100% to fill all available forecasted hours
- B. More than 100% in case some jobs do not take as long
- C. It does not matter how much is scheduled
- D. Less than 100% to allow for emergencies or breaks
Answer: A
NEW QUESTION # 40
total quantity of production produced in the given time period, regardless of its quality
- A. Best Production Rate
- B. Actual Production Rate
- C. CRITICAL ANALYSIS
- D. Actual Production
Answer: D
NEW QUESTION # 41
Which of the following reduces the revenues of a manufacturer the most?
- A. Cost of goods manufactured
- B. Cost of goods sold
- C. Selling and administrative expenses
- D. Income taxes
Answer: B
Explanation:
The cost of goods sold reduces the revenues of a manufacturer the most. The cost of goods sold is comprised of the costs of materials, labor, and overhead. The cost of goods sold may be determined by subtracting the ending finished goods inventory from the total goods available for sale, which itself is determined by adding the cost of goods manufactured to the beginning finished goods inventory. The cost of goods sold is then subtracted from sales to yield the gross margin. Selling and administrative expenses are subtracted from the gross margin to yield operating income. Net income is determined by subtracting interest expense, income tax expense, and other expenses and losses from operating income.
NEW QUESTION # 42
Which answer is not one of the steps in performing an RCA (Root Cause Analysis)?
- A. Track the recommended solutions to ensure effectiveness.
- B. Identify possible mitigating factors.
- C. Define the problem or the failure.
- D. Develop solutions and recommendations.
Answer: B
NEW QUESTION # 43
In lean Manufacturing environment which formula most accurately defines profit?
- A. Profit = (Price-Cost)/Volume
- B. Profit = Price - Cost
- C. (Price-Cost-Waste)/Volume
- D. Profit = (price-cost) X volume
Answer: C
NEW QUESTION # 44
15
- A. A rule of thumb is that, on average, an experienced planner can plan work for how many craft people?
- B. Which phase of the asset life cycle has the highest cost?
- C. Three (3) sets of measurable components that make up the maintenance and reliability process
- D. What percentage of maintenance work should be proactive?
Answer: A
NEW QUESTION # 45
What would dictate the basicminimum skill requirements for new Maintenance and Reliability employees?
- A. The educational demographics of the region
- B. The skills available in the general workforce
- C. The current level of plant (facility) technology
- D. The content of the apprenticeship program
Answer: C
NEW QUESTION # 46
When developing and presenting a new strategic plan to stakeholders, which of the following is the most important?
- A. Craft (trade) flexibility
- B. Gaining the trust of stakeholders
- C. Establishment of a common goal
- D. Implementation timetable
Answer: B
NEW QUESTION # 47
When initiating change to an existing process or program,the best practice is to:
- A. Make organizational meetings to plan, train for, and implement change mandatory, but make participation voluntary to avoid alienating employees who dislike change.
- B. Announce the new process or program, issue a draft directive for review and comment then issue the final with a specific compliance date, and employee review comments and recommendations incorporated to the maximum extent possible to get "buy-in."
- C. Issue a directive on the revised process or program, start it and require compliance by a specific date, then begin training as soon as possible thereafter.
- D. Involve key personnel in planning, development of new process or program directives), train affected personnel, and then implement before a specified compliance date.
Answer: D
NEW QUESTION # 48
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