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APM constructs a full hierarchy location using the code that you enter in the Hierarchy code box joined with the hierarchy codes for its parent/ancestors. The codes are separated by a period (.). Hierarchy locations are updated whenever the asset or one of its ancestors is moved within the hierarchy (or if a hierarchy code changes).
For example, for with a Report Activity setting of “allowed with warning”, the comment is displayed on warning messages when users try to report activity for the task.