IBM Maximo Question and answers rated A+ 2024/2025
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Course
REFM
Institution
REFM
IBM Maximo Question and answers rated A+ 2024/2025 IBM Maximo
Before a master contract can be approved, it must be authorized for at least one site? - correct answer True
The Total Cost field is calculated from the cost of the associated contracts? - correct answer False
Which of the ...
IBM Maximo
Before a master contract can be approved, it must be authorized for at least
one site? - correct answer ✔True
The Total Cost field is calculated from the cost of the associated contracts? -
correct answer ✔False
Which of the following is not a life-cycle action for all types of contracts? -
correct answer ✔Authorize sites
Terms and conditions on a master contract can be propagated to both
purchasing records and the associated contracts. - correct answer ✔False
How are associated contracts created? - correct answer ✔Through a master
contract, only
At what level are contract options? - correct answer ✔Organization
Which of the following labour options do not affect Labour Rate contracts? -
correct answer ✔Automatically Approved Inside labour Transactions
When a warranty exists for an asset, you can turn off the alert message that
displays when a work order is raised against the warranted asset - correct
answer ✔True
Which of the following is not a contract option? - correct answer ✔Associate
contract types with sites
, Using the Terms and Conditions application, you can add the terms and
conditions to BOTH a purchasing document and to a contract. - correct
answer ✔True
One advantage of entering warranty contract into Maximo is: - correct answer
✔Maximo can notify that an asset or equipment is under warranty
How do warranty contracts entered into Maximo benefit an organization (2) -
correct answer ✔You can recover costs associated with performing/ You can
avoid incurring costs by having the vendor perform the warranty work
A warranty contract defines the agreement to maintain one or more assets
with an outside vendor for a free or a scheduled set of payments. - correct
answer ✔True
Before a contract van be approved, it must be authorized for at least one site.
- correct answer ✔True
You can associate assets with a warranty contract at any time; however, the
contract must be approved before authorizing sites. - correct answer ✔False
Which type of purchase contract specifies the prices to be paid for specific
items - correct answer ✔Price
A price agreement can be used for bulk ordering - correct answer ✔True
Which of the following is not a valid property of price agreements? - correct
answer ✔Process Claim
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