Practice Test GeeksCAFM - Certified Automotive Fleet Manager Practice Test
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Business and Information Management Flashcards

7 cards from real CAFM practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.

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  1. A fleet manager wants to benchmark fuel costs against industry peers. Which data source is most appropriate for obtaining national fleet fuel cost benchmarks?

    Answer: NPTC or NAFA fleet benchmarking surveys

    NAFA and NPTC publish industry benchmarking surveys that allow fleet managers to compare their fuel costs against national averages.

  2. Which financial metric measures how efficiently a fleet generates revenue relative to its total asset value?

    Answer: Return on assets (ROA)

    Return on assets (ROA) measures how efficiently a company uses its assets to generate profit, making it relevant for evaluating fleet investments.

  3. A fleet information system should integrate with which back-office system to automate accounts payable for repair invoices?

    Answer: ERP or financial management system

    Integrating the fleet management system with an ERP or financial management system automates accounts payable workflows for repair invoices.

  4. When preparing a fleet budget, which cost category is typically classified as a fixed cost?

    Answer: Vehicle depreciation

    Vehicle depreciation is a fixed cost because it occurs regardless of mileage driven, while fuel, tires, and tolls vary with usage.

  5. A fleet manager receives a vendor proposal with net-30 payment terms and a 2% early-pay discount. What is the annualized cost of NOT taking the discount?

    Answer: Approximately 36%

    Forgoing a 2/10 net-30 discount costs approximately 36% annualized, calculated using the formula: (discount % / (1 - discount %)) × (365 / days past discount period).

  6. Which type of fleet report would be MOST useful for identifying vehicles that consistently exceed planned maintenance budgets?

    Answer: Variance analysis report by vehicle

    A variance analysis report comparing actual vs. budgeted maintenance costs per vehicle directly identifies chronic over-budget units.

  7. Which data governance practice ensures that fleet records remain accurate and consistent across multiple systems?

    Answer: Establishing a single source of truth with defined data stewards

    Designating a single source of truth with assigned data stewards prevents duplicate or conflicting records across systems.