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What is XXXX?
XXXX can be defined as ‘easy and timely access to information’, according to the Profex textbook for this subject. What is XXXX?A . E-procurementB . TenderingC . Due diligenceD . TransparencyView AnswerAnswer: D Explanation: Transparency.
The Pareto Principle, broadly speaking, is also known as (choose two):
The Pareto Principle, broadly speaking, is also known as (choose two):A . ABC AnalysisB . The Rule of ThreeC . The 80-20 RuleD . Value AnalysisView AnswerAnswer: A, C Explanation: Pareto Analysis is sometimes known as the 80-20 Rule. It is the basis of ABC Analysis. 'in any series of...
A margin within which a specification can vary slightly C the outer limits of what is acceptable to the buyer C can be described as:
A margin within which a specification can vary slightly C the outer limits of what is acceptable to the buyer C can be described as:A . ImpedancesB . BalancesC . TolerancesD . OrdinancesView AnswerAnswer: C Explanation: The correct answer is 'tolerances'. The tighter the tolerance ie the more restrictive the...
Which two?
A chart of the concept of 'economies of scale' would have two axes. Which two?A . Price per unitB . Cost per unitC . Scale of operationsD . Economies of operationView AnswerAnswer: B, C Explanation: The principle of economies of scale is that cost will decrease as the scale /...
What is XXXXX?
‘Value engineering is a structured approach to increasing the value obtained from a product by of-fering the same level of XXXXX at a lower cost’. What is XXXXX?A . FunctionalityB . ServiceC . ApplicabilityD . PracticalityView AnswerAnswer: A Explanation: Functionality. The idea of value analysis or value engineering is that...
A specification which focuses on the outputs of a requirement is called:
A specification which focuses on the outputs of a requirement is called:A . Non-conformanceB . PerformanceC . ConformanceD . Non-performanceView AnswerAnswer: B Explanation: A performance specification concentrates on the outputs of whatever it is you're buying.
An internet-based auction between competing sellers or suppliers in real time, is called a:
An internet-based auction between competing sellers or suppliers in real time, is called a:A . Competitive e-tenderB . Dutch e-auctionC . Reverse e-auctionD . Forward e-auctionView AnswerAnswer: C Explanation: Reverse e-auction. This term is used in your syllabus.
‘Something which carries on over time, going round in repetitive circles’, is called a:
‘Something which carries on over time, going round in repetitive circles’, is called a:A . SchemeB . CycleC . CircuitD . Process mapView AnswerAnswer: B Explanation: It's a cycle. This is relevant to the measurement of cycle times, as featured in your syllabus.
Restricted or limited tendering is also sometimes known as:
Restricted or limited tendering is also sometimes known as:A . EffectiveB . ElectiveC . SelectiveD . InvectiveView AnswerAnswer: C Explanation: Selective, restricted and limited are all essentially the same idea: not open tendering, but using some kind of prequalification approach.
Which of the following most closely represents 'the five rights'?
Which of the following most closely represents 'the five rights'?A . PTQQQB . QQPTTC . QQPPTD . PPTTQView AnswerAnswer: C Explanation: Quality, quantity, price, place, time. You will need to memorise these. Note that for CIPS purposes, none of: goods (product or service), manner (ethics) or supplier, is in-cluded in...
