최신 L4M2 무료덤프 - CIPS Defining Business Needs

문제1

How can a procurement department meet the business needs when purchasing leverage items?

A. Developing long-term relationships such as partnerships

B. Developing effective contracts such as call-off contracts

C. Developing buying power such as competitive tendering

D. Developing efficient order processes such as e-procurement

정답: C

문제2

Sam has recently joined Spahn Farm Foods (SFF) as a procurement manager. She has instructed her team to develop and distribute a standard specification template for business stakeholders to use when requesting purchases. How would this benefit SFF?

A. Use of a standard template would reduce the amount of negotiation required on the terms and conditions of the contract

B. Use of a standard template would prevent fraudulent purchases from being made by stakeholders

C. Use of a standard template would mean suppliers will be more willing to negotiate on the cost of the product

D. Use of a standard template would allow buyers to quickly identify any missing information

정답: D

문제3

Which of the following is a social factor that a buyer should take into account when reviewing responses to a specification?

A. The emissions produced by the supplier's machinery

B. The available labour in the supplier's geographic location

C. The logistical infrastructure available to the supplier

D. The age of the machinery being used by the supplier

정답: B

문제4

Buyer power may make a supply market more competitive. Which of the following are examples of buyer power? Select TWO that apply.

A. High barriers of entry exist for new suppliers

B. Ability to easily switch suppliers

C. Collusion between competitor suppliers

D. Availability of substitutes

E. Suppliers are limited m number

정답: B,D

문제5

Aldar Properties is a property developer in UAE. In last month, it spent $2,160 for 10 tons of steel. In this month, it had planned 10% increment in budget for steel comparing to last month. But the number of orders boosted and total spend on steel reached $1,992.1 while Aldar has imported 11 tons. What is the main cost driver of steel budget?

A. Quantity variance

B. Both price and quantity variances

C. Price variance

D. Inflation

정답: C

설명: (DumpTOP 회원만 볼 수 있음)

문제6

A company is evaluating two investment projects: Project A and Project B. Project A has a high initial cost but generates substantial cash flows over time. Project B has a lower initial cost but generates modest cash flows consistently. The company's cost model indicates a payback period of three years for Project A and a payback of four years for Project B. Which of the following statements is correct regarding the cost models and cash flow profiling for these projects?

A. Project B's lower initial cost allows for faster profit realisation, making it the better investment choice

B. Project A's higher initial cost is a disadvantage, and its payback period should be extended for better profitability

C. Project A has a shorter payback period, making it a quicker return on investment compared to Project B

D. Project B's modest and consistent cash flows make it a risky investment option due to a longer payback period

정답: C

설명: (DumpTOP 회원만 볼 수 있음)

문제7

A buyer is undertaking an analysis of the market. This analysis has focused on the relative power of the main buyers in the market. It has also focused on the changes in capacity available amongst the key suppliers in this market. Which of the following describes this analysis?

A. Consumer analysis

B. Industrial analysis

C. Demand and supply analysis

D. Regulatory analysis

정답: C

문제8

Which of the following methods will enable a company to eliminate waste, lost time and lost material from its processes?

A. Tendering process for routine items

B. Over specification

C. Agile principles

D. Lean principles

정답: D

설명: (DumpTOP 회원만 볼 수 있음)

문제9

In which circumstances would it be relevant to require supplier accreditation to the ISO 14001 international standard in a contract specification? Select THREE that apply.

A. The requirements will generate waste

B. The requirements need specific quality assurance

C. The requirements will use natural resources

D. The requirements impact on occupational health

E. The requirements involve the processing of data

F. The requirements cause emissions to air and water

정답: A,C,F

문제10

Why should the buying organisation require the supplier to carry out acceptance testing?

A. To get the approval from the senior management

B. To compare between the account payables and account receivables

C. To check whether the product matches the specification

D. To see whether the supplier engages in unethical business practice

정답: C

설명: (DumpTOP 회원만 볼 수 있음)

최신 L4M2 무료덤프 - CIPS Defining Business Needs

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