L3M2

‘EBI’ stands for:A . Earnest business interestB . Early buyer involvementC . Ethical business interestD . Eager buyer involvementView AnswerAnswer: B Explanation: Early buyer involvement

Thinking of Carter’s 10 C’s, the ‘c’ for Commitment refers to:A . DeliveryB . ProfitC . QualityD . CustomerView AnswerAnswer: C Explanation: Commitment to Quality. You will need to know the 10 C's for various exams at Advanced Certificate, CIPS Diploma, and possibly beyond...

An effective specification is one that is (select all that apply):A . Compliant with all legislationB . Concise - succinctC . Comprehensive C leaving nothing to doubt or misinterpretationD . Clear and unambiguousE . Comprehensible to allF . Current C up to date with the latest technology, standards, etcView AnswerAnswer:...

Disclose, distance, delegate, …?A . DislocateB . DisassociateC . DiscriminateD . DiscombobulateView AnswerAnswer: B Explanation: Disassociate is the correct answer. This is the 4 D's model of how to deal with a conflict of interest. 'Discombobulate' means to disconcert or confuse, as if you didn't know.

KPIs should be:A . STARTB . SMARTC . SWARTD . SHARPView AnswerAnswer: B Explanation: Key Performance Indicators should be specific, measurable, achievable, realistic and time-bound; or words very similar to those, meaning broadly the same.

A short definition of quality sometimes used (including in some UK legislation), said originally to come from Joseph Juran, is:A . Fitness for saleB . Fitness for purposeC . Fitness for consumptionD . Fitness for shippingView AnswerAnswer: B Explanation: Is it fit for purpose? Can it do the job required?...

Where the buyer’s and seller’s conditions of contract clash, this is commonly known as ‘the battle of the…’A . BulgeB . TermsC . FirmsD . FormsE . PapersF . TitansView AnswerAnswer: D Explanation: Buyers should work hard to ensure that their terms and conditions apply to the contract between buyer...

Where performance of the contract may be impossible because of external unforeseen factors, this may be called:A . Force majeureB . Force supérieureC . Force ouvrièreD . Mutatis mutandisView AnswerAnswer: A Explanation: A force majeure clause in a contract may give rights to either party to suspend its obligations in...

‘Efficiency is measured in terms of a quantity of …’A . Output per unit of input resourceB . Resource per unit of inputC . Input per unit of output resourceD . ThroughputView AnswerAnswer: C Explanation: Output per unit of input resource. Efficiency is, in a sense, seeking to get as...

The axes on the Mendelow stakeholder management matrix are:A . Power and interestB . Power and influenceC . Risk and interestD . Risk and rewardView AnswerAnswer: A Explanation: How powerful are stakeholders? How much interest do they have? Using these measures to help manage stakeholders effectively.