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Select the two words which explain least well why the procurement of services can be more challenging than the procurement of physical products:
Select the two words which explain least well why the procurement of services can be more challenging than the procurement of physical products:A . IntangibleB . VariableC . PermeableD . InseparableE . PerishableF . UnimaginableView AnswerAnswer: A, D Explanation: The correct answers to the QUESTION NO: are: 'unimaginable' and 'permeable'....
The abbreviation ‘SOP’ stands for:
The abbreviation ‘SOP’ stands for:A . Standard office procedureB . Standard operating procedureC . System operating perfectlyD . Standard operations processView AnswerAnswer: B Explanation: Standard operating procedure. A set of step-by-step instructions to direct employees how to perform routine operations (Profex Publishing).
The crime of obtaining money through threats or force, is called:
The crime of obtaining money through threats or force, is called:A . FraudB . BriberyC . EmbezzlementD . ExtortionView AnswerAnswer: D Explanation: This is a definition of extortion. The other terms shown as possible answers are within the syllabus for this course and may be the subject of other questions...
What do you do?
You work as a buyer for a large international corporation. You are currently involved in negotiating a high-value contract, and one of the supplier’s representatives offers to take you to a dog-racing event, with all expenses paid. The offer is open to the whole of your procurement team. What do...
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…’
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…’A . A KingB . UsageC . The requirementD . PurposeView AnswerAnswer: D Explanation: 'Fit for purpose'. This expression...
Van Weele wrote that ‘quality is the degree in which XXXX requirements are met. We speak of a quality product or quality service when supplier and XXXX agree on requirements and those requirements are met’.
Van Weele wrote that ‘quality is the degree in which XXXX requirements are met. We speak of a quality product or quality service when supplier and XXXX agree on requirements and those requirements are met’.A . Replace XXXX.B . SpecifierC . DesignerD . CustomerE . ManufacturerView AnswerAnswer: D Explanation: Quality,...
Which of the following is not a concept related to quality management?
Which of the following is not a concept related to quality management?A . SPCB . FMEAC . TQMD . SPQRView AnswerAnswer: D Explanation: SPQR is a symbol of the Roman Empire, not a quality management concept. Failure Mode and Effects Analysis, Total Quality Management and Statistical Process Control are all...
Giving or taking a payment of money to induce a person to act in breach of trust and do something they should not do is called:
Giving or taking a payment of money to induce a person to act in breach of trust and do something they should not do is called:A . EmbezzlementB . ExtortionC . FraudD . BriberyView AnswerAnswer: D Explanation: Procurement professionals may be faced with offers of gifts including money in return...
‘Expediting’ is:
‘Expediting’ is:A . Setting off for NepalB . Taking an audit of warehouse stockC . Seeking approval for organisational expenditureD . Chasing up orders already placedView AnswerAnswer: D Explanation: Expediting - a task, which in an ideal world would not normally need to exist - is seeking to ensure delivery...
The purpose of a specification is (select all that apply):
The purpose of a specification is (select all that apply):A . Provide a means of evaluation of a product or serviceB . Act as a means of exchangeC . Define the requirementD . Communicate the requirement clearlyView AnswerAnswer: A, C, D Explanation: All of the ones shown, except acting as...
