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ServiceNow certification CIS-HAM best exam questions and answers
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ServiceNow Certified Implementation Specialist - Hardware Asset Management Sample Questions (Q157-Q162):
NEW QUESTION # 157
The current value of an asset (original cost less the depreciated amount) is known as:
- A. Residual value
- B. Cost of ownership
- C. Salvage value
- D. Current balance
Answer: A
Explanation:
* The current value of an asset is the amount that the asset is worth at the present time, based on its original cost and the accumulated depreciation1.
* The current value of an asset is also known as the residual value or the book value12.
* The residual value is the estimated value of the asset at the end of its useful life2.
* The residual value is used to calculate the depreciation expense of the asset over its useful life2.
* The residual value is different from the salvage value, which is the estimated value of the asset if it is sold or disposed of2.
* The cost of ownership is the total amount of money spent on acquiring, maintaining, and operating an asset over its lifetime3.
* The current balance is the amount of money available in an account at a given time4.
References: 1: Asset depreciation 2: Depreciation 3: Cost of ownership 4: Current balance
NEW QUESTION # 158
You may adjust a contract when it is in which of the following states? (Choose two.)
- A. Active
- B. Extended
- C. Expired
- D. Renewed
- E. Canceled
Answer: A,D
Explanation:
Explanation
According to the ServiceNow Hardware Asset Management documentation, a contract is a record of the terms and conditions that govern the relationship between a vendor and an organization. A contract can have different states that indicate its status and lifecycle. The states are:
Draft: The contract is being created or modified and has not been submitted for approval.
Requested: The contract has been submitted for approval but has not been approved yet.
Active: The contract has been approved and is in effect. You can adjust the contract details, such as start date, end date, amount, or rate card, in this state.
Expired: The contract has reached its end date and is no longer valid. You cannot adjust the contract in this state, but you can renew it or extend it.
Renewed: The contract has been renewed for another term with the same or modified terms and conditions. You can adjust the contract in this state, but you cannot renew it or extend it again.
Extended: The contract has been extended beyond its original end date with the same terms and conditions. You cannot adjust the contract in this state, but you can renew it or cancel it.
Canceled: The contract has been terminated before its end date due to various reasons, such as breach of contract, mutual agreement, or vendor performance. You cannot adjust the contract in this state, but you can reactivate it or delete it.
References:
ServiceNow Hardware Asset Management: Contract and renewal management
ServiceNow Hardware Asset Management: Contract states
NEW QUESTION # 159
An event runs each night to send reminders to contract administrators about contract expiration dates (e.g., so they can renew or renegotiate the contract). By default, when does the contract administrator receive these notifications? (Choose four.)
- A. 90 days before
- B. 30 days before
- C. 10 days before
- D. Day of expiration
- E. 1 week before
- F. 60 days before
Answer: B,D,E,F
Explanation:
* According to the ServiceNow Hardware Asset Management overview document1, the lease contract expiration flow sends notifications to the contract administrator before a lease contract expires and helps them act on the leased assets to return the asset or extend the contract.
* According to the ServiceNow Elite blog post on contract management2, when the contract.expiration event runs on the Contract [ast.contract] table each night, an email message is sent to the person identified as the contract administrator at the following times:
* 90 days ahead of the contract expiration date
* 60 days ahead of the contract expiration date
* 30 days ahead of the contract expiration date
* Day of expiration
* Therefore, the correct answer is C, D, E, and F.
References:
* 1: Hardware Asset Management overview - ServiceNow - Now Support
* 2: Contract and renewal management - ServiceNow
* 3: Contract Management - ServiceNow Elite
* 4: Email notification condition for contract expiration - ServiceNow
NEW QUESTION # 160
Inventory audit results provide easy visibility into the reconciliation of scanned assets to the existing inventory. What audit statuses are displayed as part of the results? (Choose four.)
- A. Scanned and not expected
- B. Expected and not found
- C. Scanned and expected
- D. Scanned
- E. Not found
- F. New
Answer: B,C,D,E
NEW QUESTION # 161
What is the primary goal of the Inventory tab of the Hardware Asset Management dashboard?
- A. Help the stock manager process transfer orders
- B. Show the value from bulk purchasing
- C. Help the asset manager process purchase orders
- D. Show the value from maintaining inventory
- E. Help the asset manager generate reports
Answer: D
Explanation:
According to the ServiceNow Hardware Asset Management documentation, the Inventory tab of the Hardware Asset Management dashboard provides a comprehensive view of the inventory functions, such as asset audits, disposal orders, stock orders, and shipments. The primary goal of this tab is to show the value from maintaining inventory, such as reducing costs, improving service delivery, and optimizing asset utilization. The Inventory tab also helps users to take inventory-related actions, such as creating or managing stock orders, disposal orders, or shipments, scanning assets with a mobile device, and assigning assets to pallets. References:
ServiceNow Hardware Asset Management: Hardware Asset Management overview ServiceNow Hardware Asset Management: Inventory view
NEW QUESTION # 162
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