CAFM Risk Management 2

Question 1

Which document formally transfers liability for a fleet vehicle to a third-party vendor performing off-site maintenance?

Accepted Answer

Hold harmless agreement

Answer

Certificate of insurance

Answer

Vehicle title transfer

Answer

Maintenance work order

Question 2

A fleet manager discovers that 15% of drivers have undisclosed moving violations from the past year. The BEST corrective action is to:

Accepted Answer

Implement a motor vehicle record (MVR) monitoring program with automatic alerts

Answer

Terminate all affected drivers immediately

Answer

Increase insurance deductibles to offset risk

Answer

Require all drivers to complete a one-time defensive driving course

Question 3

In fleet risk management, 'frequency' and 'severity' are used to:

Accepted Answer

Prioritize which risks to address first using a risk matrix

Answer

Calculate fuel consumption averages

Answer

Determine preventive maintenance intervals

Answer

Set driver pay scales

Question 4

Which type of fleet insurance coverage pays for damage to the fleet vehicle regardless of who is at fault in an accident?

Accepted Answer

Collision coverage

Answer

Liability coverage

Answer

Uninsured motorist coverage

Answer

Gap coverage

Question 5

A fleet manager wants to reduce the financial impact of high-frequency, low-severity claims. The MOST cost-effective strategy is typically to:

Accepted Answer

Self-insure or retain those losses with a higher deductible

Answer

Purchase additional umbrella liability coverage

Answer

Outsource all fleet operations to a third party

Answer

Require drivers to pay for minor damage out of pocket

Question 6

Which federal regulation requires employers to verify commercial driver's license (CDL) status and driving history before hiring?

Accepted Answer

FMCSA 391.23 — Investigations and inquiries

Answer

OSHA 1910.178 — Powered industrial trucks

Answer

DOT 49 CFR Part 382 — Drug and alcohol testing

Answer

EPA 40 CFR Part 80 — Fuel standards

Question 7

Post-accident drug and alcohol testing under DOT regulations must be completed within what timeframe for alcohol?

Accepted Answer

2 hours (with an 8-hour limit for testing)

Answer

24 hours

Answer

48 hours

Answer

72 hours