‘The usefulness of lifetime costing is for decision-making about whether to acquire an asset with an expected:
The Pareto Principle, broadly speaking, is also known as (choose two):
Which one of the following is least likely to be an effective measure of internal customer service?
The time between recognition / origin of the need; through to usage or consumption is described as:
The axes on the Kraljic matrix are (select two):
Imagine that the Chief Executive of a UK bank attempted to learn the name of a whistleblower within the bank - the whistleblower had earlier reported wrongdoing within the bank to the state banking authorities anonymously. Trying to find the name of the whistleblower was a breach of the organisation’s internal protocol which guaranteed anonymity to whistleblowers. Imagine the regula-tory authorities in both the UK and the US took action as a result. What is the most likely action which would be taken by the authorities?
Decisions which do not represent the best overall outcome for the organisation could be called:
‘A high degree of skill or expertise’
‘The act of drawing the attention of someone in authority, to an alleged instance of unethical con-duct’, is called:
Thinking of Carter’s 10 C’s, the ‘c’ for Commitment refers to:
The Profex textbook for this subject, states that ‘specifications are said to be ‘the heart of the con-tract’. The book then goes on to state that goods supplied must be ‘fit for…’
You have invited quotations for some building maintenance work to be done at your organisational headquarters. Your sister has recently taken up a position as Head of Marketing at one of the firms which has quoted for the work. What should you do?
We can talk about the ‘make, do or XXXX decision’. XXXX represents:
Which of the following are likely to encourage sound ethical practices within a procurement department?
A single purchase agreement created to cover multiple repeat orders for supplies from a single source, is called a:
‘EBI’ stands for:
Where the buyer’s and seller’s conditions of contract clash, this is commonly known as ‘the battle of the…’
‘Reputation gained through proficiency, ability or achievement’ (as used in the CIPS Code of Con-duct)
The crime of obtaining money through threats or force, is called:
Which two of the following would be unlikely to increase value for money for an organisation?
The letters ‘EOQ’ refer to:
‘Efficiency is measured in terms of a quantity of …’
KPIs should be:
Individuals, units, teams, groups or organisations that have an influence over procurement, or which are affected by procurement operations, can be called:
Finding new potential suppliers using the internet might be known as:
Use of competition is most obviously going to influence which of the following ‘rights’?
The usefulness of lifetime costing is for decision-making about whether to acquire an asset with an expected: