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What does GDP tell you?
GDP is an economic index that a procurement professional can use to measure economic data. What does GDP tell you?A . the value of public limited companies within a countryB . the monatary value of the goods manufactured in a financial periodC . the value of commodities such as steel,...
What is the best way to prevent potential issues of conflicts of interest?
What is the best way to prevent potential issues of conflicts of interest?A . do not hire family membersB . openly declare potential conflictsC . do not work with suppliers who have relationships with the procurement teamD . create a risk registerView AnswerAnswer: B Explanation: The best way to deal...
Which of the following would you expect to find in an Invitation to Tender? Select THREE
Which of the following would you expect to find in an Invitation to Tender? Select THREEA . awarding bodyB . deadline (Correct)C . pricing scheduleD . qualifications requiredE . risk assessmentsView AnswerAnswer: A, D Explanation: An ITT would include details on the awarding body (usually a brief overview of the...
If a company is described as 'liquid' what does this mean?
If a company is described as 'liquid' what does this mean?A . the company is funded on equity rather than debtB . the company spends a lot of moneyC . the company is highly profitableD . the company has enough money to pay short-term liabilitiesView AnswerAnswer: D Explanation: liquid =...
FTSE100 and Sensex are examples of what?
FTSE100 and Sensex are examples of what?A . stock marketsB . commodity indicesC . financial reportsD . public sector organisationsView AnswerAnswer: A Explanation: they are stock markets. What is the FTSE 100 Index? Complete Beginner's Guide (moneycheck.com) BSE SENSEX C Wikipedia
Which of the following would be considered a strategic sourcing activity?
Which of the following would be considered a strategic sourcing activity?A . an office ordering copier paperB . a bakery ordering eggsC . a factory ordering a new machineD . a restaurant ordering plastic cupsView AnswerAnswer: C Explanation: a factory ordering a new machine is the correct answer. Strategic sourcing...
What are these four categories?
Commodities are items which can be traded on the stock exchange. These are generally divided into four categories. What are these four categories?A . metals, energy, elements and agricultureB . fruit, vegetables, meat and dairyC . energy, agriculture, metals, livestockD . chemicals, agriculture, metals and livestockView AnswerAnswer: C Explanation: energy,...
What would an EBITDA ratio show you?
What would an EBITDA ratio show you?A . how profitable a business isB . how solvent a business isC . how much of a business's funding is made up of long term debtD . how effectively a business uses its assets to generate salesView AnswerAnswer: A Explanation: EBITDA stands for...
Which of the following is Luke now likely to know about the marketplace?
Luke has sent out a Request for Information to test the waters of the supply market for a new product he is sourcing. He has received a high number of detailed documents back from suppliers. Which of the following is Luke now likely to know about the marketplace? Select THREEA...
What type of relationship should a buyer seek when making strategic sourcing for their business?
What type of relationship should a buyer seek when making strategic sourcing for their business?A . transactionalB . collaborativeC . arms-lengthD . partnershipView AnswerAnswer: B Explanation: The buyer should seek a 'collaborative' relationship. Transactional and arms-length relationships are more suited to tactical sourcing. Partnerships are reserved for joint-ventures.
