19 Questions
Which of the following is a factor to consider during the decommissioning process?
Health & safety
What is the purpose of decommissioning an asset?
To dispose of the asset
In what situations is a decommissioning process likely to be included in the original contract?
When the asset is a ship or aircraft
Which of the following is NOT a step in the decommissioning process for a naval warship?
Returning removed items to stores
What is one of the challenges of decommissioning military equipment?
Security constraints
Why is cleaning of a warship important during the decommissioning process?
To remove hazardous materials
What should be done with the removed items from a naval warship during the decommissioning process?
Returned to stores for sorting and evaluation
Which of the following factors should be considered when disposing of a large, fixed asset?
The type of equipment in question
What is the purpose of a risk assessment in the removal and disposal of an asset?
To identify potential hazards and mitigate them
Who is responsible for conducting risk assessments in the decommissioning process?
A specialist risk manager or a team leader
What should be done at the end of the disposal process to improve future decommissioning projects?
Undertake lessons learned or learning from experience (LFE) activity
Which department is typically responsible for accounting for the disposal of assets?
Finance department
What is the purpose of market research in the sales process?
To understand the best method of sale
What information is typically included in a sales contract?
All of the above
When an asset is disposed of for a profit, what might happen?
The organization may be subject to tax
Which of the following is NOT considered an environmental risk in the context of asset management?
Fire hazards
What is one factor to consider when assessing health and safety risks during the removal and disposal of an asset?
The type of PPE to be worn
Why might specialist suppliers be used for the removal and disposal of assets?
To ensure compliance with regulations
What is one factor to consider when selecting a removal/disposal supplier?
The supplier's commitment to environmentally friendly disposal
Quiz: Factors to consider when disposing of large fixed assets Test your knowledge on the key factors to consider when disposing of large fixed assets. This quiz will cover topics such as equipment type, materials, installation location, handling requirements, and resale options. Sharpen your understanding of asset disposal best practices with this informative quiz.
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