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Quiz # 4

This document contains a 9 question quiz about internal corrosion in pipelines. The questions cover topics such as acceptable corrosion limits, cladding as a mitigation technique, risk assessment tools, economic maintenance optimization, accounting methods for project evaluation, definitions of risk, characteristics of bow-tie diagrams, risk mitigation, and calculating rate of return. The quiz assesses understanding of corrosion monitoring programs, equipment depreciation, and financial metrics for evaluating pipeline integrity projects.

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Hesham badawy
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75 views

Quiz # 4

This document contains a 9 question quiz about internal corrosion in pipelines. The questions cover topics such as acceptable corrosion limits, cladding as a mitigation technique, risk assessment tools, economic maintenance optimization, accounting methods for project evaluation, definitions of risk, characteristics of bow-tie diagrams, risk mitigation, and calculating rate of return. The quiz assesses understanding of corrosion monitoring programs, equipment depreciation, and financial metrics for evaluating pipeline integrity projects.

Uploaded by

Hesham badawy
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
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Advanced Internal Corrosion for Pipelines

QUIZ 4
1- Which of the following statements is true regarding acceptable corrosion limits?

A. They are seldom establishes

B. They are consistent between companies

C. They are defined by the operating company

D. They refer to corrosion that had moderate impact on the system performance.

2- Cladding is a mitigation technique that

A. Involves bonding a metallic material to a polymeric material.

B. Involves breaking surface oxides to form a good bond between the materials.

C. Commonly involves chromium and aluminum alloys.

D. Can only be accomplished mechanically.

3- Which of the following is a risk assessment tool?

A. Bow – Tie Model.

B. Corrosion Coupons

C. Bacteria Monitoring

D. In. Line Inspection.

4- When performing economic maintenance optimization, if there is a 20% probability of failure on


a system and the cost of failure is estimated at $3.000.000, what is the cost associated with taking
no action?

A. $ 150.000

B. $ 600.000

C. $ 6.000.000

D. $ 15.000.000

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5- Which accounting method is considered BEST for determining whether to proceed with a
project?

A. Rate of return (ROR)

B. Net Present Value (NPV)

C. Profitability index (PI)

D. Accrual accounting (AA)

6- Risk is defined as which of the following?

A. What can go wrong in a system

B. A dangerous situation

C. Probability of failure x consequence

D. Corrosion in a pipeline

7- Which of the following is NOT true about Bow- Ties?

A. Consequences are shown on the right side.

B. Events are shown on the left side.

C. Controls to prevent the event are on the left side.

D. They relate causes, events, and consequences.

8- …………….. ensure that adequate controls is are in place to reduce risk to an acceptable level.

A. Risk mitigation.

B. Risk evaluation

C. Risk monitoring

D. Risk Identification.

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9- A pipeline company invests $ 800.000 on an internal corrosion monitoring program (Monitoring
equipment) 5 years ago. After year 4, the financial statements reveal that the value of the
equipment has depreciated by $ 200.000 and has a listed value of $ 600.000. The pipeline company
has a net income of $ 30. 000 during its fifth year of operation . The rate of return for the fifth year is
………….

A. 20

B. 0.05

C. 0.25

D. 1.33

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