Free L4M7 Mock Exam – Practice Online Confidently

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Exam Code: L4M7
Exam Questions: 343
Whole Life Asset Management
Updated: 04 Jan, 2026
Question 1

A hospital is purchasing a new software product that will advise nurses when to give medications to hospitalised patients. This is a mobile application that will be used on tablets carried by the nurses. The software is being developed and tested by a company that specialises in mobile medical applications. This software will interface with existing hospital software that orders the medications from the pharmacy. Which acceptance test activity will be required to check whether the new software integrates well with current IT system?

Options :
Answer: A

Question 2

Which of the following are examples of subjective methods of forecasting? Select TWO that apply. Trend line analysis Moving averages Market research Expert opinion Seasonal variations

Options :
Answer: B

Question 3

What is a key requirement for successful just-in-time implementation?

Options :
Answer: B

Question 4

Which of the following indicates the supplier's attention to the environment?

Options :
Answer: C

Question 5

A manufacturer is making a plan for strategic safety stock. To do so, they must analyse the probability of a stock out occurring and the cost impacts if it does. Which of the following are typical costs the manufacturer may incur in 'out of stock' event? Select TWO that apply.

Options :
Answer: A

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