Asset Disposal Best Practices
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Questions and Answers

Which of the following is a factor to consider during the decommissioning process?

  • Customer satisfaction
  • Quality control
  • Health & safety (correct)
  • Market demand

What is the purpose of decommissioning an asset?

  • To extend the asset's useful life
  • To return the asset to the original supplier
  • To assess the asset's market value
  • To dispose of the asset (correct)

In what situations is a decommissioning process likely to be included in the original contract?

  • When the asset is a piece of machinery
  • When the asset is a ship or aircraft (correct)
  • When the asset is a factory
  • When the asset is a physical asset

Which of the following is NOT a step in the decommissioning process for a naval warship?

<p>Returning removed items to stores (C)</p> Signup and view all the answers

What is one of the challenges of decommissioning military equipment?

<p>Security constraints (B)</p> Signup and view all the answers

Why is cleaning of a warship important during the decommissioning process?

<p>To remove hazardous materials (B)</p> Signup and view all the answers

What should be done with the removed items from a naval warship during the decommissioning process?

<p>Returned to stores for sorting and evaluation (C)</p> Signup and view all the answers

Which of the following factors should be considered when disposing of a large, fixed asset?

<p>The type of equipment in question (C)</p> Signup and view all the answers

What is the purpose of a risk assessment in the removal and disposal of an asset?

<p>To identify potential hazards and mitigate them (D)</p> Signup and view all the answers

Who is responsible for conducting risk assessments in the decommissioning process?

<p>A specialist risk manager or a team leader (D)</p> Signup and view all the answers

What should be done at the end of the disposal process to improve future decommissioning projects?

<p>Undertake lessons learned or learning from experience (LFE) activity (B)</p> Signup and view all the answers

Which department is typically responsible for accounting for the disposal of assets?

<p>Finance department (B)</p> Signup and view all the answers

What is the purpose of market research in the sales process?

<p>To understand the best method of sale (D)</p> Signup and view all the answers

What information is typically included in a sales contract?

<p>All of the above (D)</p> Signup and view all the answers

When an asset is disposed of for a profit, what might happen?

<p>The organization may be subject to tax (C)</p> Signup and view all the answers

Which of the following is NOT considered an environmental risk in the context of asset management?

<p>Fire hazards (D)</p> Signup and view all the answers

What is one factor to consider when assessing health and safety risks during the removal and disposal of an asset?

<p>The type of PPE to be worn (C)</p> Signup and view all the answers

Why might specialist suppliers be used for the removal and disposal of assets?

<p>To ensure compliance with regulations (C)</p> Signup and view all the answers

What is one factor to consider when selecting a removal/disposal supplier?

<p>The supplier's commitment to environmentally friendly disposal (D)</p> Signup and view all the answers

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