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SMRP Certified Maintenance & Reliability Professional Exam Sample Questions (Q177-Q182):

NEW QUESTION # 177
probability that an item, when used under design conditions in an ideal support environment, will perform satisfactorily. It includes both active repair time and preventive maintenance time, but excludes administrative and logistic delay times

A. Achieved Availability
B. Point Availability Formula
C. Operational Availability
D. AVAILABILITY

Answer: A

NEW QUESTION # 178
Which of the following statements will be true when a company applies the "lower of cost or market" rule and reports inventory at replacement cost?

A. Replacement cost is greater than net realizable value.
B. None of the above
C. Net realizable value is greater than replacement cost.
D. Original cost is less than replacement cost.

Answer: C

Explanation:
When a company applies the "lower of cost or market" rule and reports inventory at replacement cost, net realizable value is greater than replacement cost. The replacement cost is used as the market value when it falls in between the maximum (net realizable value) and the minimum (net realizable value less normal profit).

NEW QUESTION # 179
What is a high level metric used to evaluate the overall effectiveness of a Safety Program?

A. First aid case frequency
B. Lost time injury frequency
C. Number of job hazard analyses completed
D. Near miss report submissions

Answer: B

NEW QUESTION # 180
85% or more

A. Mean Time To Repair or Replace (MTTR) Formula
B. TOTAL AVAILABLE TIME
C. Maintenance cost will decrease as reliability increases. (T/F)
D. What percentage of maintenance work should be proactive?

Answer: D

NEW QUESTION # 181
Which one of the following work order characteristics add the most value to the business?

A. All parts ordered and received before work begins
B. Correct equipment number used
C. Accurate estimate of time and cost
D. Properly categorized - expense versus capital

Answer: D

NEW QUESTION # 182
......

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