CAFM Fuel Management Programs 4

Question 1

A spill prevention, control, and countermeasure (SPCC) plan is required for fleet fuel facilities storing more than:

Accepted Answer

1,320 gallons of petroleum products above ground

Answer

EPA SPCC regulations require a plan for facilities with aggregate aboveground petroleum storage capacity exceeding 1,320 gallons.

Question 2

Fleet managers using a fuel hedging strategy are PRIMARILY attempting to mitigate:

Accepted Answer

Commodity price volatility risk

Answer

Fuel hedging uses financial instruments to lock in future fuel prices and protect the fleet budget from market price spikes.

Question 3

When auditing fleet fuel card vendor invoices, the fleet manager should reconcile charges against:

Accepted Answer

Transaction-level data including odometer, location, and fuel type

Answer

Transaction-level reconciliation catches billing errors, unauthorized fuel types, and fictitious transactions that summary invoices obscure.

Question 4

Which alternative fuel offers the HIGHEST energy density by volume compared to conventional gasoline?

Accepted Answer

Liquefied natural gas (LNG)

Answer

LNG has the highest energy density of the listed alternative fuels, approaching diesel's energy content and making it practical for long-haul heavy vehicles.

Question 5

A fleet manager conducting a make-vs-buy analysis for on-site fuel storage should weigh capital cost savings against:

Accepted Answer

Environmental liability, regulatory compliance costs, and inventory management burden

Answer

On-site storage shifts environmental liability, UST/SPCC compliance costs, and fuel inventory management responsibilities to the fleet organization.

CAFM - Certified Automotive Fleet Manager Practice Test

CAFM - Certified Automotive Fleet Manager Practice Test

CAFM Fuel Management Programs 4