{"id":115238,"date":"2025-11-26T07:35:33","date_gmt":"2025-11-26T07:35:33","guid":{"rendered":"https:\/\/www.dumpsbase.com\/freedumps\/?p=115238"},"modified":"2025-12-05T07:01:06","modified_gmt":"2025-12-05T07:01:06","slug":"cips-l4m2-dumps-v10-02-are-the-most-updated-materials-start-learning-l4m2-free-dumps-part-1-q1-q40-first","status":"publish","type":"post","link":"https:\/\/www.dumpsbase.com\/freedumps\/cips-l4m2-dumps-v10-02-are-the-most-updated-materials-start-learning-l4m2-free-dumps-part-1-q1-q40-first.html","title":{"rendered":"CIPS L4M2 Dumps (V10.02) Are the Most Updated Materials: Start Learning L4M2 Free Dumps (Part 1, Q1-Q40) First"},"content":{"rendered":"<p>For professionals wishing to pass the Defining Business Needs (L4M2) and achieve the CIPS Level 4 Diploma in Procurement and Supply qualification, choosing the most updated materials is an essential step. The L4M2 dumps (V10.02) are available with 304 practice exam questions and answers, making all the difference during your preparation. With validated study materials and professional guidance, the CIPS Level 4 certification is now easier to get. You can definitely aim for a 100% pass exam result by applying the most updated CIPS L4M2 dumps (V10.02). We guarantee that you can experience real-world exam scenarios with the real questions and verified answers. Before downloading the CIPS L4M2 dumps (V10.02), you can read our free dumps to check the quality first.<\/p>\n<h2>Start learning our <span style=\"background-color: #99ccff;\"><em>L4M2 free dumps (Part 1, Q1-Q40) of V10.02 below<\/em><\/span> to check the quality:<\/h2>\n<script>\n\t  window.fbAsyncInit = function() {\n\t    FB.init({\n\t      appId            : '622169541470367',\n\t      autoLogAppEvents : true,\n\t      xfbml            : true,\n\t      version          : 'v3.1'\n\t    });\n\t  };\n\t\n\t  (function(d, s, id){\n\t     var js, fjs = d.getElementsByTagName(s)[0];\n\t     if (d.getElementById(id)) {return;}\n\t     js = d.createElement(s); js.id = id;\n\t     js.src = \"https:\/\/connect.facebook.net\/en_US\/sdk.js\";\n\t     fjs.parentNode.insertBefore(js, fjs);\n\t   }(document, 'script', 'facebook-jssdk'));\n\t<\/script><script type=\"text\/javascript\" >\ndocument.addEventListener(\"DOMContentLoaded\", function(event) { \nif(!window.jQuery) alert(\"The important jQuery library is not properly loaded in your site. Your WordPress theme is probably missing the essential wp_head() call. You can switch to another theme and you will see that the plugin works fine and this notice disappears. If you are still not sure what to do you can contact us for help.\");\n});\n<\/script>  \n  \n<div  id=\"watupro_quiz\" class=\"quiz-area single-page-quiz\">\n<p id=\"submittingExam11199\" style=\"display:none;text-align:center;\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.dumpsbase.com\/freedumps\/wp-content\/plugins\/watupro\/img\/loading.gif\" width=\"16\" height=\"16\"><\/p>\n\n<div class=\"watupro-exam-description\" id=\"description-quiz-11199\"><\/div>\n\n<form action=\"\" method=\"post\" class=\"quiz-form\" id=\"quiz-11199\"  enctype=\"multipart\/form-data\" >\n<div class='watu-question ' id='question-1' style=';'><div id='questionWrap-1'  class='   watupro-question-id-440479'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>1. <\/span>When analysing competitive forces in a market, which of the following can be seen as a supplier having low bargaining power? Select TWO that apply.<\/div><input type='hidden' name='question_id[]' id='qID_1' value='440479' \/><input type='hidden' id='answerType440479' value='checkbox'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440479[]' id='answer-id-1704301' class='answer   answerof-440479 ' value='1704301'   \/><label for='answer-id-1704301' id='answer-label-1704301' class=' answer'><span>Low competition in the marketplace<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440479[]' id='answer-id-1704302' class='answer   answerof-440479 ' value='1704302'   \/><label for='answer-id-1704302' id='answer-label-1704302' class=' answer'><span>A high number of substitutes available<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440479[]' id='answer-id-1704303' class='answer   answerof-440479 ' value='1704303'   \/><label for='answer-id-1704303' id='answer-label-1704303' class=' answer'><span>High quality products<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440479[]' id='answer-id-1704304' class='answer   answerof-440479 ' value='1704304'   \/><label for='answer-id-1704304' id='answer-label-1704304' class=' answer'><span>Low switching costs between products<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440479[]' id='answer-id-1704305' class='answer   answerof-440479 ' value='1704305'   \/><label for='answer-id-1704305' id='answer-label-1704305' class=' answer'><span>Low levels of innovation<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-2' style=';'><div id='questionWrap-2'  class='   watupro-question-id-440480'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>2. <\/span>Which of the following standards specifies requirements for a quality management system?<\/div><input type='hidden' name='question_id[]' id='qID_2' value='440480' \/><input type='hidden' id='answerType440480' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440480[]' id='answer-id-1704306' class='answer   answerof-440480 ' value='1704306'   \/><label for='answer-id-1704306' id='answer-label-1704306' class=' answer'><span>ISO 27001<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440480[]' id='answer-id-1704307' class='answer   answerof-440480 ' value='1704307'   \/><label for='answer-id-1704307' id='answer-label-1704307' class=' answer'><span>ISO 9001:2015<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440480[]' id='answer-id-1704308' class='answer   answerof-440480 ' value='1704308'   \/><label for='answer-id-1704308' id='answer-label-1704308' class=' answer'><span>ISO 22000:2018<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440480[]' id='answer-id-1704309' class='answer   answerof-440480 ' value='1704309'   \/><label for='answer-id-1704309' id='answer-label-1704309' class=' answer'><span>ISO 14001:2015<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-3' style=';'><div id='questionWrap-3'  class='   watupro-question-id-440481'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>3. <\/span>Which kind of these following costs belong to fixed costs? Select TWO that apply.<\/div><input type='hidden' name='question_id[]' id='qID_3' value='440481' \/><input type='hidden' id='answerType440481' value='checkbox'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440481[]' id='answer-id-1704310' class='answer   answerof-440481 ' value='1704310'   \/><label for='answer-id-1704310' id='answer-label-1704310' class=' answer'><span>Energy consumption in manufacturing<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440481[]' id='answer-id-1704311' class='answer   answerof-440481 ' value='1704311'   \/><label for='answer-id-1704311' id='answer-label-1704311' class=' answer'><span>The annual income tax charged by local authorities<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440481[]' id='answer-id-1704312' class='answer   answerof-440481 ' value='1704312'   \/><label for='answer-id-1704312' id='answer-label-1704312' class=' answer'><span>The packaging and distribution costs<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440481[]' id='answer-id-1704313' class='answer   answerof-440481 ' value='1704313'   \/><label for='answer-id-1704313' id='answer-label-1704313' class=' answer'><span>The depreciation of capital inputs<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440481[]' id='answer-id-1704314' class='answer   answerof-440481 ' value='1704314'   \/><label for='answer-id-1704314' id='answer-label-1704314' class=' answer'><span>The costs of leasing or purchasing capital equipment<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-4' style=';'><div id='questionWrap-4'  class='   watupro-question-id-440482'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>4. <\/span>Which of the following are considered as direct costs in a construction company? Select TWO options<\/div><input type='hidden' name='question_id[]' id='qID_4' value='440482' \/><input type='hidden' id='answerType440482' value='checkbox'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440482[]' id='answer-id-1704315' class='answer   answerof-440482 ' value='1704315'   \/><label for='answer-id-1704315' id='answer-label-1704315' class=' answer'><span>Raw materials<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440482[]' id='answer-id-1704316' class='answer   answerof-440482 ' value='1704316'   \/><label for='answer-id-1704316' id='answer-label-1704316' class=' answer'><span>An employee is hired to work on a project, either exclusively or for an assigned number of hours<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440482[]' id='answer-id-1704317' class='answer   answerof-440482 ' value='1704317'   \/><label for='answer-id-1704317' id='answer-label-1704317' class=' answer'><span>The materials and supplies needed for the company\u2019s day-to-day operations.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440482[]' id='answer-id-1704318' class='answer   answerof-440482 ' value='1704318'   \/><label for='answer-id-1704318' id='answer-label-1704318' class=' answer'><span>Advertising and marketing communication<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440482[]' id='answer-id-1704319' class='answer   answerof-440482 ' value='1704319'   \/><label for='answer-id-1704319' id='answer-label-1704319' class=' answer'><span>Clerical assistants who maintain the office<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-5' style=';'><div id='questionWrap-5'  class='   watupro-question-id-440483'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>5. <\/span>Which of the following specific markets is most likely to have product shortage by nature?<\/div><input type='hidden' name='question_id[]' id='qID_5' value='440483' \/><input type='hidden' id='answerType440483' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440483[]' id='answer-id-1704320' class='answer   answerof-440483 ' value='1704320'   \/><label for='answer-id-1704320' id='answer-label-1704320' class=' answer'><span>Retail<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440483[]' id='answer-id-1704321' class='answer   answerof-440483 ' value='1704321'   \/><label for='answer-id-1704321' id='answer-label-1704321' class=' answer'><span>Financial<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440483[]' id='answer-id-1704322' class='answer   answerof-440483 ' value='1704322'   \/><label for='answer-id-1704322' id='answer-label-1704322' class=' answer'><span>Construction<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440483[]' id='answer-id-1704323' class='answer   answerof-440483 ' value='1704323'   \/><label for='answer-id-1704323' id='answer-label-1704323' class=' answer'><span>Services<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440483[]' id='answer-id-1704324' class='answer   answerof-440483 ' value='1704324'   \/><label for='answer-id-1704324' id='answer-label-1704324' class=' answer'><span>Agriculture<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-6' style=';'><div id='questionWrap-6'  class='   watupro-question-id-440484'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>6. <\/span>Which of the following might be consequences of over-specification? Select TWO that apply:<\/div><input type='hidden' name='question_id[]' id='qID_6' value='440484' \/><input type='hidden' id='answerType440484' value='checkbox'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440484[]' id='answer-id-1704325' class='answer   answerof-440484 ' value='1704325'   \/><label for='answer-id-1704325' id='answer-label-1704325' class=' answer'><span>Reducing motion waste<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440484[]' id='answer-id-1704326' class='answer   answerof-440484 ' value='1704326'   \/><label for='answer-id-1704326' id='answer-label-1704326' class=' answer'><span>Higher cost due to inessential features<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440484[]' id='answer-id-1704327' class='answer   answerof-440484 ' value='1704327'   \/><label for='answer-id-1704327' id='answer-label-1704327' class=' answer'><span>Limiting competition in supply market<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440484[]' id='answer-id-1704328' class='answer   answerof-440484 ' value='1704328'   \/><label for='answer-id-1704328' id='answer-label-1704328' class=' answer'><span>Lack of essential features<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440484[]' id='answer-id-1704329' class='answer   answerof-440484 ' value='1704329'   \/><label for='answer-id-1704329' id='answer-label-1704329' class=' answer'><span>Better contract management<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-7' style=';'><div id='questionWrap-7'  class='   watupro-question-id-440485'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>7. <\/span>Lider Ltd is a leading bathroom furniture manufacturer in India. The company has more than 30 years experience in the market with extended knowledge of engineering and customers' taste. Lider is planning to launch a new type of bath fitting next year which offers Bluetooth connectivity and thermostat display. The company gathers a team of multi-disciplines, including engineering, procurement, sales and marketing. At the first team meeting, the project leader tells the team to discuss which functions will be valued by the customers, and how to deliver those functions with the lowest costs possible. <br \/>\r<br>Which of the following describes the process that the project team is undertaking?<\/div><input type='hidden' name='question_id[]' id='qID_7' value='440485' \/><input type='hidden' id='answerType440485' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440485[]' id='answer-id-1704330' class='answer   answerof-440485 ' value='1704330'   \/><label for='answer-id-1704330' id='answer-label-1704330' class=' answer'><span>Cost analysis<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440485[]' id='answer-id-1704331' class='answer   answerof-440485 ' value='1704331'   \/><label for='answer-id-1704331' id='answer-label-1704331' class=' answer'><span>Standardisation<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440485[]' id='answer-id-1704332' class='answer   answerof-440485 ' value='1704332'   \/><label for='answer-id-1704332' id='answer-label-1704332' class=' answer'><span>Value engineering<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440485[]' id='answer-id-1704333' class='answer   answerof-440485 ' value='1704333'   \/><label for='answer-id-1704333' id='answer-label-1704333' class=' answer'><span>Just in time<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-8' style=';'><div id='questionWrap-8'  class='   watupro-question-id-440486'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>8. <\/span>Which of the following can directly affect labour variance? Select TWO that apply:<\/div><input type='hidden' name='question_id[]' id='qID_8' value='440486' \/><input type='hidden' id='answerType440486' value='checkbox'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440486[]' id='answer-id-1704334' class='answer   answerof-440486 ' value='1704334'   \/><label for='answer-id-1704334' id='answer-label-1704334' class=' answer'><span>Wage rate per hour<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440486[]' id='answer-id-1704335' class='answer   answerof-440486 ' value='1704335'   \/><label for='answer-id-1704335' id='answer-label-1704335' class=' answer'><span>Inflation<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440486[]' id='answer-id-1704336' class='answer   answerof-440486 ' value='1704336'   \/><label for='answer-id-1704336' id='answer-label-1704336' class=' answer'><span>Company's budget<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440486[]' id='answer-id-1704337' class='answer   answerof-440486 ' value='1704337'   \/><label for='answer-id-1704337' id='answer-label-1704337' class=' answer'><span>Overhead expenditure<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440486[]' id='answer-id-1704338' class='answer   answerof-440486 ' value='1704338'   \/><label for='answer-id-1704338' id='answer-label-1704338' class=' answer'><span>Overtime<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-9' style=';'><div id='questionWrap-9'  class='   watupro-question-id-440487'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>9. <\/span>Why should the buying organisation require the supplier to carry out acceptance testing?<\/div><input type='hidden' name='question_id[]' id='qID_9' value='440487' \/><input type='hidden' id='answerType440487' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440487[]' id='answer-id-1704339' class='answer   answerof-440487 ' value='1704339'   \/><label for='answer-id-1704339' id='answer-label-1704339' class=' answer'><span>To get the approval from the senior management<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440487[]' id='answer-id-1704340' class='answer   answerof-440487 ' value='1704340'   \/><label for='answer-id-1704340' id='answer-label-1704340' class=' answer'><span>To check whether the product matches the specification<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440487[]' id='answer-id-1704341' class='answer   answerof-440487 ' value='1704341'   \/><label for='answer-id-1704341' id='answer-label-1704341' class=' answer'><span>To compare between the account payables and account receivables<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440487[]' id='answer-id-1704342' class='answer   answerof-440487 ' value='1704342'   \/><label for='answer-id-1704342' id='answer-label-1704342' class=' answer'><span>To see whether the supplier engages in unethical business practice<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-10' style=';'><div id='questionWrap-10'  class='   watupro-question-id-440488'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>10. <\/span>A buying organisation may not have technical capability to produce a highly complex specification. <br \/>\r<br>Which of the following are sources of information that can be used to create the specification? Select TWO that apply<\/div><input type='hidden' name='question_id[]' id='qID_10' value='440488' \/><input type='hidden' id='answerType440488' value='checkbox'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440488[]' id='answer-id-1704343' class='answer   answerof-440488 ' value='1704343'   \/><label for='answer-id-1704343' id='answer-label-1704343' class=' answer'><span>Standard terms and conditions<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440488[]' id='answer-id-1704344' class='answer   answerof-440488 ' value='1704344'   \/><label for='answer-id-1704344' id='answer-label-1704344' class=' answer'><span>Name cards<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440488[]' id='answer-id-1704345' class='answer   answerof-440488 ' value='1704345'   \/><label for='answer-id-1704345' id='answer-label-1704345' class=' answer'><span>Industry standards<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440488[]' id='answer-id-1704346' class='answer   answerof-440488 ' value='1704346'   \/><label for='answer-id-1704346' id='answer-label-1704346' class=' answer'><span>Suppliers' know-how<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440488[]' id='answer-id-1704347' class='answer   answerof-440488 ' value='1704347'   \/><label for='answer-id-1704347' id='answer-label-1704347' class=' answer'><span>Constitution<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-11' style=';'><div id='questionWrap-11'  class='   watupro-question-id-440489'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>11. <\/span>Due to the growth of consumer electronics market, semiconductor industry develops exponentially. However, the industry is dominated by a dozens of manufacturer. Chipset need to be built in factories with highly controlled environments. New chip factories cost billions of dollars and can take two years to build. Right now, factories are running at full capacity, which produce almost perfect yields, meaning basic chipset can be made for less than a dollar and more advanced versions for not much more. <br \/>\r<br>What are the barriers to new entrants in the semiconductor industry? <br \/>\r<br>1. Poor industry growth <br \/>\r<br>2. High set-up costs <br \/>\r<br>3. Economies of scale <br \/>\r<br>4. Low switching costs<\/div><input type='hidden' name='question_id[]' id='qID_11' value='440489' \/><input type='hidden' id='answerType440489' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440489[]' id='answer-id-1704348' class='answer   answerof-440489 ' value='1704348'   \/><label for='answer-id-1704348' id='answer-label-1704348' class=' answer'><span>2 and 4 only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440489[]' id='answer-id-1704349' class='answer   answerof-440489 ' value='1704349'   \/><label for='answer-id-1704349' id='answer-label-1704349' class=' answer'><span>3 and 4 only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440489[]' id='answer-id-1704350' class='answer   answerof-440489 ' value='1704350'   \/><label for='answer-id-1704350' id='answer-label-1704350' class=' answer'><span>2 and 3 only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440489[]' id='answer-id-1704351' class='answer   answerof-440489 ' value='1704351'   \/><label for='answer-id-1704351' id='answer-label-1704351' class=' answer'><span>1 and 4 only<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-12' style=';'><div id='questionWrap-12'  class='   watupro-question-id-440490'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>12. <\/span>Warwickshire Ambulance Service (WAS) is an NHS Trust. It operates throughout Warwickshire and the neighbouring areas. It has three core areas of activity, namely the provision of Emergency Ambulance Services, routine Patient Transport Services, and Logistic Medical Services. The agency is working towards higher service level through benchmarking. <br \/>\r<br>Which of the following is the benefit of benchmarking to WAS?<\/div><input type='hidden' name='question_id[]' id='qID_12' value='440490' \/><input type='hidden' id='answerType440490' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440490[]' id='answer-id-1704352' class='answer   answerof-440490 ' value='1704352'   \/><label for='answer-id-1704352' id='answer-label-1704352' class=' answer'><span>Benchmarking is a panacea for all WAS's problems<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440490[]' id='answer-id-1704353' class='answer   answerof-440490 ' value='1704353'   \/><label for='answer-id-1704353' id='answer-label-1704353' class=' answer'><span>It will help WAS create performance standards derived from an analysis of the best in business<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440490[]' id='answer-id-1704354' class='answer   answerof-440490 ' value='1704354'   \/><label for='answer-id-1704354' id='answer-label-1704354' class=' answer'><span>It helps WAS identify better ways to deliver service through a cookbook process<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440490[]' id='answer-id-1704355' class='answer   answerof-440490 ' value='1704355'   \/><label for='answer-id-1704355' id='answer-label-1704355' class=' answer'><span>It will help WAS analyse the competitors in the industry<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-13' style=';'><div id='questionWrap-13'  class='   watupro-question-id-440491'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>13. <\/span>At which stage of through-life contract management, procurement team needs to identify sources of risk and the ways to mitigate them?<\/div><input type='hidden' name='question_id[]' id='qID_13' value='440491' \/><input type='hidden' id='answerType440491' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440491[]' id='answer-id-1704356' class='answer   answerof-440491 ' value='1704356'   \/><label for='answer-id-1704356' id='answer-label-1704356' class=' answer'><span>Specification stage<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440491[]' id='answer-id-1704357' class='answer   answerof-440491 ' value='1704357'   \/><label for='answer-id-1704357' id='answer-label-1704357' class=' answer'><span>Supplier relationship stage<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440491[]' id='answer-id-1704358' class='answer   answerof-440491 ' value='1704358'   \/><label for='answer-id-1704358' id='answer-label-1704358' class=' answer'><span>Tendering stage<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440491[]' id='answer-id-1704359' class='answer   answerof-440491 ' value='1704359'   \/><label for='answer-id-1704359' id='answer-label-1704359' class=' answer'><span>Contracting stage<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-14' style=';'><div id='questionWrap-14'  class='   watupro-question-id-440492'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>14. <\/span>A purchaser is looking for alternative supplies if there is a major disruption to their supply chain, <br \/>\r<br>including logistics, manufacturing and all support services. <br \/>\r<br>Which of the following method is that purchaser applying?<\/div><input type='hidden' name='question_id[]' id='qID_14' value='440492' \/><input type='hidden' id='answerType440492' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440492[]' id='answer-id-1704360' class='answer   answerof-440492 ' value='1704360'   \/><label for='answer-id-1704360' id='answer-label-1704360' class=' answer'><span>Treat the risk<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440492[]' id='answer-id-1704361' class='answer   answerof-440492 ' value='1704361'   \/><label for='answer-id-1704361' id='answer-label-1704361' class=' answer'><span>Terminate the risk<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440492[]' id='answer-id-1704362' class='answer   answerof-440492 ' value='1704362'   \/><label for='answer-id-1704362' id='answer-label-1704362' class=' answer'><span>Tolerate the risk<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440492[]' id='answer-id-1704363' class='answer   answerof-440492 ' value='1704363'   \/><label for='answer-id-1704363' id='answer-label-1704363' class=' answer'><span>Transfer the risk<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-15' style=';'><div id='questionWrap-15'  class='   watupro-question-id-440493'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>15. <\/span>Which type of specification is less time-consuming to develop?<\/div><input type='hidden' name='question_id[]' id='qID_15' value='440493' \/><input type='hidden' id='answerType440493' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440493[]' id='answer-id-1704364' class='answer   answerof-440493 ' value='1704364'   \/><label for='answer-id-1704364' id='answer-label-1704364' class=' answer'><span>Outcome-based specification<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440493[]' id='answer-id-1704365' class='answer   answerof-440493 ' value='1704365'   \/><label for='answer-id-1704365' id='answer-label-1704365' class=' answer'><span>Design specification<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440493[]' id='answer-id-1704366' class='answer   answerof-440493 ' value='1704366'   \/><label for='answer-id-1704366' id='answer-label-1704366' class=' answer'><span>Conformance specification<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440493[]' id='answer-id-1704367' class='answer   answerof-440493 ' value='1704367'   \/><label for='answer-id-1704367' id='answer-label-1704367' class=' answer'><span>Technical drawings<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-16' style=';'><div id='questionWrap-16'  class='   watupro-question-id-440494'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>16. <\/span>What does the acronym RAQSCI stand for?<\/div><input type='hidden' name='question_id[]' id='qID_16' value='440494' \/><input type='hidden' id='answerType440494' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440494[]' id='answer-id-1704368' class='answer   answerof-440494 ' value='1704368'   \/><label for='answer-id-1704368' id='answer-label-1704368' class=' answer'><span>Relationship, Ability, Quality, Service, Cost, Innovation<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440494[]' id='answer-id-1704369' class='answer   answerof-440494 ' value='1704369'   \/><label for='answer-id-1704369' id='answer-label-1704369' class=' answer'><span>Regulatory, Availability, Quality, Service, Cost, Innovation<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440494[]' id='answer-id-1704370' class='answer   answerof-440494 ' value='1704370'   \/><label for='answer-id-1704370' id='answer-label-1704370' class=' answer'><span>Regulatory, Availability, Quantity, Sustainability, Inventory<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440494[]' id='answer-id-1704371' class='answer   answerof-440494 ' value='1704371'   \/><label for='answer-id-1704371' id='answer-label-1704371' class=' answer'><span>Regulatory, Ability, Quality, Service, Cost, Inventory<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440494[]' id='answer-id-1704372' class='answer   answerof-440494 ' value='1704372'   \/><label for='answer-id-1704372' id='answer-label-1704372' class=' answer'><span>Relationship, Availability, Quantity, Sustainability, Cost, Innovation<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-17' style=';'><div id='questionWrap-17'  class='   watupro-question-id-440495'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>17. <\/span>XYZ Ltd is a large supermarket chain which operates mainly in the UK and Europe. Their customers are increasingly concerned about sustainability. Therefore, procurement manager is required to source the products from suppliers who have good environmental performance. <br \/>\r<br>Which of the following can be an assurance that the supplier has procedures and policies to enhance its <br \/>\r<br>environmental performance?<\/div><input type='hidden' name='question_id[]' id='qID_17' value='440495' \/><input type='hidden' id='answerType440495' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440495[]' id='answer-id-1704373' class='answer   answerof-440495 ' value='1704373'   \/><label for='answer-id-1704373' id='answer-label-1704373' class=' answer'><span>ISO 14001:2015 certificate<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440495[]' id='answer-id-1704374' class='answer   answerof-440495 ' value='1704374'   \/><label for='answer-id-1704374' id='answer-label-1704374' class=' answer'><span>ISO 13485:2016 certificate<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440495[]' id='answer-id-1704375' class='answer   answerof-440495 ' value='1704375'   \/><label for='answer-id-1704375' id='answer-label-1704375' class=' answer'><span>ISO 22716:2007 certificate<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440495[]' id='answer-id-1704376' class='answer   answerof-440495 ' value='1704376'   \/><label for='answer-id-1704376' id='answer-label-1704376' class=' answer'><span>ISO 9001:2015 certificate<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-18' style=';'><div id='questionWrap-18'  class='   watupro-question-id-440496'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>18. <\/span>Ranjit is purchasing a large piece of laboratory equipment which is brand new to the market. Can this be classified as a straight re-buy?<\/div><input type='hidden' name='question_id[]' id='qID_18' value='440496' \/><input type='hidden' id='answerType440496' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440496[]' id='answer-id-1704377' class='answer   answerof-440496 ' value='1704377'   \/><label for='answer-id-1704377' id='answer-label-1704377' class=' answer'><span>Yes, as the equipment is available from a supplier used in the past<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440496[]' id='answer-id-1704378' class='answer   answerof-440496 ' value='1704378'   \/><label for='answer-id-1704378' id='answer-label-1704378' class=' answer'><span>Yes, as there is an existing specification<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440496[]' id='answer-id-1704379' class='answer   answerof-440496 ' value='1704379'   \/><label for='answer-id-1704379' id='answer-label-1704379' class=' answer'><span>No, as a standing purchase agreement exists<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440496[]' id='answer-id-1704380' class='answer   answerof-440496 ' value='1704380'   \/><label for='answer-id-1704380' id='answer-label-1704380' class=' answer'><span>No, as this has not been specified or sourced before<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-19' style=';'><div id='questionWrap-19'  class='   watupro-question-id-440497'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>19. <\/span>Which of the following are the focuses of ISO 14001:2015?<\/div><input type='hidden' name='question_id[]' id='qID_19' value='440497' \/><input type='hidden' id='answerType440497' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440497[]' id='answer-id-1704381' class='answer   answerof-440497 ' value='1704381'   \/><label for='answer-id-1704381' id='answer-label-1704381' class=' answer'><span>1. Life cycle2. Process3. Capacity4. Information security2 and 4 only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440497[]' id='answer-id-1704382' class='answer   answerof-440497 ' value='1704382'   \/><label for='answer-id-1704382' id='answer-label-1704382' class=' answer'><span>1 and 2 only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440497[]' id='answer-id-1704383' class='answer   answerof-440497 ' value='1704383'   \/><label for='answer-id-1704383' id='answer-label-1704383' class=' answer'><span>2 and 3 only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440497[]' id='answer-id-1704384' class='answer   answerof-440497 ' value='1704384'   \/><label for='answer-id-1704384' id='answer-label-1704384' class=' answer'><span>3 and 4 only<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-20' style=';'><div id='questionWrap-20'  class='   watupro-question-id-440498'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>20. <\/span>A charity is reviewing their spend and budget after an operation in flooded areas. They realise that the operators save money against the budgeting plan. This saving is known as...?<\/div><input type='hidden' name='question_id[]' id='qID_20' value='440498' \/><input type='hidden' id='answerType440498' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440498[]' id='answer-id-1704385' class='answer   answerof-440498 ' value='1704385'   \/><label for='answer-id-1704385' id='answer-label-1704385' class=' answer'><span>Negative budget<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440498[]' id='answer-id-1704386' class='answer   answerof-440498 ' value='1704386'   \/><label for='answer-id-1704386' id='answer-label-1704386' class=' answer'><span>Positive variance<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440498[]' id='answer-id-1704387' class='answer   answerof-440498 ' value='1704387'   \/><label for='answer-id-1704387' id='answer-label-1704387' class=' answer'><span>Negative variance<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440498[]' id='answer-id-1704388' class='answer   answerof-440498 ' value='1704388'   \/><label for='answer-id-1704388' id='answer-label-1704388' class=' answer'><span>Positive budget<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-21' style=';'><div id='questionWrap-21'  class='   watupro-question-id-440499'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>21. <\/span>Which of the following can cause overhead variance? Select TWO that apply:<\/div><input type='hidden' name='question_id[]' id='qID_21' value='440499' \/><input type='hidden' id='answerType440499' value='checkbox'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440499[]' id='answer-id-1704389' class='answer   answerof-440499 ' value='1704389'   \/><label for='answer-id-1704389' id='answer-label-1704389' class=' answer'><span>Rising production worker's wage rate per hour<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440499[]' id='answer-id-1704390' class='answer   answerof-440499 ' value='1704390'   \/><label for='answer-id-1704390' id='answer-label-1704390' class=' answer'><span>Decrease in production volume<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440499[]' id='answer-id-1704391' class='answer   answerof-440499 ' value='1704391'   \/><label for='answer-id-1704391' id='answer-label-1704391' class=' answer'><span>Spike in material price<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440499[]' id='answer-id-1704392' class='answer   answerof-440499 ' value='1704392'   \/><label for='answer-id-1704392' id='answer-label-1704392' class=' answer'><span>Decreasing packaging costs<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440499[]' id='answer-id-1704393' class='answer   answerof-440499 ' value='1704393'   \/><label for='answer-id-1704393' id='answer-label-1704393' class=' answer'><span>Spike in monthly leasing fee<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-22' style=';'><div id='questionWrap-22'  class='   watupro-question-id-440500'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>22. <\/span>A sports organisation requires additional racing equipment to match exact technical specifications for compatibility. <br \/>\r<br>Which type of specification is most appropriate?<\/div><input type='hidden' name='question_id[]' id='qID_22' value='440500' \/><input type='hidden' id='answerType440500' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440500[]' id='answer-id-1704394' class='answer   answerof-440500 ' value='1704394'   \/><label for='answer-id-1704394' id='answer-label-1704394' class=' answer'><span>Conformance specification<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440500[]' id='answer-id-1704395' class='answer   answerof-440500 ' value='1704395'   \/><label for='answer-id-1704395' id='answer-label-1704395' class=' answer'><span>Performance specification<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440500[]' id='answer-id-1704396' class='answer   answerof-440500 ' value='1704396'   \/><label for='answer-id-1704396' id='answer-label-1704396' class=' answer'><span>Outcome specification<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440500[]' id='answer-id-1704397' class='answer   answerof-440500 ' value='1704397'   \/><label for='answer-id-1704397' id='answer-label-1704397' class=' answer'><span>Product specification<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-23' style=';'><div id='questionWrap-23'  class='   watupro-question-id-440501'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>23. <\/span>Which of the following would positively affect a buyer\u2019s company cash flow? Select TWO that apply.<\/div><input type='hidden' name='question_id[]' id='qID_23' value='440501' \/><input type='hidden' id='answerType440501' value='checkbox'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440501[]' id='answer-id-1704398' class='answer   answerof-440501 ' value='1704398'   \/><label for='answer-id-1704398' id='answer-label-1704398' class=' answer'><span>The bank grants a loan to the buyer\u2019s company<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440501[]' id='answer-id-1709404' class='answer   answerof-440501 ' value='1709404'   \/><label for='answer-id-1709404' id='answer-label-1709404' class=' answer'><span>Payment of dividends to the company\u2019s shareholders<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440501[]' id='answer-id-1709405' class='answer   answerof-440501 ' value='1709405'   \/><label for='answer-id-1709405' id='answer-label-1709405' class=' answer'><span>A supplier reduces payment terms to payment on receipt<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440501[]' id='answer-id-1709406' class='answer   answerof-440501 ' value='1709406'   \/><label for='answer-id-1709406' id='answer-label-1709406' class=' answer'><span>A customer agrees to pay the buyer\u2019s company upon purchase<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440501[]' id='answer-id-1709407' class='answer   answerof-440501 ' value='1709407'   \/><label for='answer-id-1709407' id='answer-label-1709407' class=' answer'><span>The buyer\u2019s company offers sales discounts and promotions<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-24' style=';'><div id='questionWrap-24'  class='   watupro-question-id-440502'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>24. <\/span>Which of the following sources of information are considered as primary data? Select TWO that apply.<\/div><input type='hidden' name='question_id[]' id='qID_24' value='440502' \/><input type='hidden' id='answerType440502' value='checkbox'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440502[]' id='answer-id-1704399' class='answer   answerof-440502 ' value='1704399'   \/><label for='answer-id-1704399' id='answer-label-1704399' class=' answer'><span>The information about specific market sectors from trade associations<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440502[]' id='answer-id-1704400' class='answer   answerof-440502 ' value='1704400'   \/><label for='answer-id-1704400' id='answer-label-1704400' class=' answer'><span>Commercial publishers of market reports<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440502[]' id='answer-id-1704401' class='answer   answerof-440502 ' value='1704401'   \/><label for='answer-id-1704401' id='answer-label-1704401' class=' answer'><span>The collection of data from surveying customers<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440502[]' id='answer-id-1704402' class='answer   answerof-440502 ' value='1704402'   \/><label for='answer-id-1704402' id='answer-label-1704402' class=' answer'><span>RFI<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440502[]' id='answer-id-1704403' class='answer   answerof-440502 ' value='1704403'   \/><label for='answer-id-1704403' id='answer-label-1704403' class=' answer'><span>Reports in business magazines<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-25' style=';'><div id='questionWrap-25'  class='   watupro-question-id-440503'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>25. <\/span>A business case allows a company to:<\/div><input type='hidden' name='question_id[]' id='qID_25' value='440503' \/><input type='hidden' id='answerType440503' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440503[]' id='answer-id-1704404' class='answer   answerof-440503 ' value='1704404'   \/><label for='answer-id-1704404' id='answer-label-1704404' class=' answer'><span>Assess the costs and benefits of the options available to them<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440503[]' id='answer-id-1704405' class='answer   answerof-440503 ' value='1704405'   \/><label for='answer-id-1704405' id='answer-label-1704405' class=' answer'><span>Approve a sourcing strategy and potential suppliers<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440503[]' id='answer-id-1704406' class='answer   answerof-440503 ' value='1704406'   \/><label for='answer-id-1704406' id='answer-label-1704406' class=' answer'><span>Approve final spend value for a capital project<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440503[]' id='answer-id-1704407' class='answer   answerof-440503 ' value='1704407'   \/><label for='answer-id-1704407' id='answer-label-1704407' class=' answer'><span>Agree a preferred supplier list for a project<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-26' style=';'><div id='questionWrap-26'  class='   watupro-question-id-440504'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>26. <\/span>Which of the following provides in-depth detail for both functional and non-functional require-ments and covers assumptions, constraints, performance, dimensions, weights and reliability of a product?<\/div><input type='hidden' name='question_id[]' id='qID_26' value='440504' \/><input type='hidden' id='answerType440504' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440504[]' id='answer-id-1704408' class='answer   answerof-440504 ' value='1704408'   \/><label for='answer-id-1704408' id='answer-label-1704408' class=' answer'><span>Performance specification<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440504[]' id='answer-id-1704409' class='answer   answerof-440504 ' value='1704409'   \/><label for='answer-id-1704409' id='answer-label-1704409' class=' answer'><span>Tolerance<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440504[]' id='answer-id-1704410' class='answer   answerof-440504 ' value='1704410'   \/><label for='answer-id-1704410' id='answer-label-1704410' class=' answer'><span>Statement of work<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440504[]' id='answer-id-1704411' class='answer   answerof-440504 ' value='1704411'   \/><label for='answer-id-1704411' id='answer-label-1704411' class=' answer'><span>Design specification<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-27' style=';'><div id='questionWrap-27'  class='   watupro-question-id-440505'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>27. <\/span>Which of the following is the new technology that has impact on manufacturing sector?<\/div><input type='hidden' name='question_id[]' id='qID_27' value='440505' \/><input type='hidden' id='answerType440505' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440505[]' id='answer-id-1704412' class='answer   answerof-440505 ' value='1704412'   \/><label for='answer-id-1704412' id='answer-label-1704412' class=' answer'><span>Social Media<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440505[]' id='answer-id-1704413' class='answer   answerof-440505 ' value='1704413'   \/><label for='answer-id-1704413' id='answer-label-1704413' class=' answer'><span>E-commerce<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440505[]' id='answer-id-1704414' class='answer   answerof-440505 ' value='1704414'   \/><label for='answer-id-1704414' id='answer-label-1704414' class=' answer'><span>Robotics<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440505[]' id='answer-id-1704415' class='answer   answerof-440505 ' value='1704415'   \/><label for='answer-id-1704415' id='answer-label-1704415' class=' answer'><span>Blockchain<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-28' style=';'><div id='questionWrap-28'  class='   watupro-question-id-440506'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>28. <\/span>When a procurement manager considers a substitution, the number and nature of additional functions that substitute provides should be taken into account carefully. <br \/>\r<br>Which of the following ratio could help the procurement manager to make the right decision?<\/div><input type='hidden' name='question_id[]' id='qID_28' value='440506' \/><input type='hidden' id='answerType440506' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440506[]' id='answer-id-1704416' class='answer   answerof-440506 ' value='1704416'   \/><label for='answer-id-1704416' id='answer-label-1704416' class=' answer'><span>Value to price ratio<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440506[]' id='answer-id-1704417' class='answer   answerof-440506 ' value='1704417'   \/><label for='answer-id-1704417' id='answer-label-1704417' class=' answer'><span>Price to Earnings ratio<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440506[]' id='answer-id-1704418' class='answer   answerof-440506 ' value='1704418'   \/><label for='answer-id-1704418' id='answer-label-1704418' class=' answer'><span>Reserve requirement ratio<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440506[]' id='answer-id-1704419' class='answer   answerof-440506 ' value='1704419'   \/><label for='answer-id-1704419' id='answer-label-1704419' class=' answer'><span>Price to book value ratio<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-29' style=';'><div id='questionWrap-29'  class='   watupro-question-id-440507'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>29. <\/span>Sabic is a petrochemical manufacturer. It wants to digitalise its operation and is looking for new IT system. The procurement manager approaches this matter with a through-life specification. He supposes that stating \u201cgood quality\u201d in the specification will be enough for quality standard section. <br \/>\r<br>Is the procurement manager\u2019s thought appropriate?<\/div><input type='hidden' name='question_id[]' id='qID_29' value='440507' \/><input type='hidden' id='answerType440507' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440507[]' id='answer-id-1704420' class='answer   answerof-440507 ' value='1704420'   \/><label for='answer-id-1704420' id='answer-label-1704420' class=' answer'><span>Yes, because the specification should be concise.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440507[]' id='answer-id-1704421' class='answer   answerof-440507 ' value='1704421'   \/><label for='answer-id-1704421' id='answer-label-1704421' class=' answer'><span>No, because \u201cgood quality\u201d is an in-house jargon that suppliers are not familiar with<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440507[]' id='answer-id-1704422' class='answer   answerof-440507 ' value='1704422'   \/><label for='answer-id-1704422' id='answer-label-1704422' class=' answer'><span>Yes, because IT sector has its own standard of quality, therefore, suppliers may deliver good quality without any further explanation<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440507[]' id='answer-id-1704423' class='answer   answerof-440507 ' value='1704423'   \/><label for='answer-id-1704423' id='answer-label-1704423' class=' answer'><span>No, because \u201cgood quality\u201d is very ambiguous for suppliers to identify Sabic\u2019s requirement<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-30' style=';'><div id='questionWrap-30'  class='   watupro-question-id-440508'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>30. <\/span>Total cost of ownership of a solar panel is $5,000 and it is expected that the panel will make a sav-ing of $1,000 each year. So it would take 5 years for the benefits to repay the investment. Therefore, the firm plans to keep the solar panel for at least 5 years. <br \/>\r<br>Is payback period calculation right for making the business decision?<\/div><input type='hidden' name='question_id[]' id='qID_30' value='440508' \/><input type='hidden' id='answerType440508' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440508[]' id='answer-id-1704424' class='answer   answerof-440508 ' value='1704424'   \/><label for='answer-id-1704424' id='answer-label-1704424' class=' answer'><span>Yes, because it takes everything into account<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440508[]' id='answer-id-1704425' class='answer   answerof-440508 ' value='1704425'   \/><label for='answer-id-1704425' id='answer-label-1704425' class=' answer'><span>No, because payback period can be only used to calculate the depreciation of a fixed asset<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440508[]' id='answer-id-1704426' class='answer   answerof-440508 ' value='1704426'   \/><label for='answer-id-1704426' id='answer-label-1704426' class=' answer'><span>No, because payback period doesn\u2019t take into account price fluctuations<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440508[]' id='answer-id-1704427' class='answer   answerof-440508 ' value='1704427'   \/><label for='answer-id-1704427' id='answer-label-1704427' class=' answer'><span>Yes, because payback period shows how long the firm recovers the investment<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-31' style=';'><div id='questionWrap-31'  class='   watupro-question-id-440509'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>31. <\/span>Robert is a senior buyer at MMC Construction Ltd. His company is doing multiple development projects in the country, which increases procurement workload significantly. Meanwhile, most of the tasks are handled manually, which causes bottlenecks in the workflows. The procurement team is overwhelmed by the workload and complains from other departments. From previous experience, Robert knows that electronic system may help his procurement team. He writes a business case to submit to the senior management, in which he insists on the possible productivity improvement by adopting e-system in procurement. <br \/>\r<br>Is Robert's action reasonable?<\/div><input type='hidden' name='question_id[]' id='qID_31' value='440509' \/><input type='hidden' id='answerType440509' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440509[]' id='answer-id-1704428' class='answer   answerof-440509 ' value='1704428'   \/><label for='answer-id-1704428' id='answer-label-1704428' class=' answer'><span>No, there's no need to make a business case for new purchase<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440509[]' id='answer-id-1704429' class='answer   answerof-440509 ' value='1704429'   \/><label for='answer-id-1704429' id='answer-label-1704429' class=' answer'><span>Yes, productivity improvement is a mandatory element in every business case<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440509[]' id='answer-id-1704430' class='answer   answerof-440509 ' value='1704430'   \/><label for='answer-id-1704430' id='answer-label-1704430' class=' answer'><span>No, adopting e-system may make procurement department jobless<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440509[]' id='answer-id-1704431' class='answer   answerof-440509 ' value='1704431'   \/><label for='answer-id-1704431' id='answer-label-1704431' class=' answer'><span>Yes, his reason may appeal the senior management<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-32' style=';'><div id='questionWrap-32'  class='   watupro-question-id-440510'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>32. <\/span>Raheem is the head of procurement at a care home. He decides to use a performance specification for the purchase of a new intelligent patient record IT system. <br \/>\r<br>Is this a correct approach?<\/div><input type='hidden' name='question_id[]' id='qID_32' value='440510' \/><input type='hidden' id='answerType440510' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440510[]' id='answer-id-1704432' class='answer   answerof-440510 ' value='1704432'   \/><label for='answer-id-1704432' id='answer-label-1704432' class=' answer'><span>Yes, as it helps to drive innovation<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440510[]' id='answer-id-1704433' class='answer   answerof-440510 ' value='1704433'   \/><label for='answer-id-1704433' id='answer-label-1704433' class=' answer'><span>Yes, as it tells the supplier the exact requirements<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440510[]' id='answer-id-1704434' class='answer   answerof-440510 ' value='1704434'   \/><label for='answer-id-1704434' id='answer-label-1704434' class=' answer'><span>No, this approach is difficult to manage<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440510[]' id='answer-id-1704435' class='answer   answerof-440510 ' value='1704435'   \/><label for='answer-id-1704435' id='answer-label-1704435' class=' answer'><span>No, as it will take too long to acquire the IT system<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-33' style=';'><div id='questionWrap-33'  class='   watupro-question-id-440511'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>33. <\/span>Kelly Strong, a procurement manager, receives a quotation 5% over budget. Market prices of known materials are significantly lower than estimated. <br \/>\r<br>What should Kelly\u2019s next step be?<\/div><input type='hidden' name='question_id[]' id='qID_33' value='440511' \/><input type='hidden' id='answerType440511' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440511[]' id='answer-id-1704436' class='answer   answerof-440511 ' value='1704436'   \/><label for='answer-id-1704436' id='answer-label-1704436' class=' answer'><span>Request a 2% discount from the quotation price<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440511[]' id='answer-id-1704437' class='answer   answerof-440511 ' value='1704437'   \/><label for='answer-id-1704437' id='answer-label-1704437' class=' answer'><span>Request that the office build is delayed<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440511[]' id='answer-id-1704438' class='answer   answerof-440511 ' value='1704438'   \/><label for='answer-id-1704438' id='answer-label-1704438' class=' answer'><span>Accept the quotation from the supplier<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440511[]' id='answer-id-1704439' class='answer   answerof-440511 ' value='1704439'   \/><label for='answer-id-1704439' id='answer-label-1704439' class=' answer'><span>Obtain a cost breakdown from the supplier<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-34' style=';'><div id='questionWrap-34'  class='   watupro-question-id-440512'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>34. <\/span>Which of the following are typically reasons why an organisation implements value analysis? Select TWO that apply:<\/div><input type='hidden' name='question_id[]' id='qID_34' value='440512' \/><input type='hidden' id='answerType440512' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440512[]' id='answer-id-1704440' class='answer   answerof-440512 ' value='1704440'   \/><label for='answer-id-1704440' id='answer-label-1704440' class=' answer'><span>To determine the value of each component used<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440512[]' id='answer-id-1704441' class='answer   answerof-440512 ' value='1704441'   \/><label for='answer-id-1704441' id='answer-label-1704441' class=' answer'><span>To decide whether there will be sufficient surplus funds to reinvest in the business<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440512[]' id='answer-id-1704442' class='answer   answerof-440512 ' value='1704442'   \/><label for='answer-id-1704442' id='answer-label-1704442' class=' answer'><span>To shape and manage supply market<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440512[]' id='answer-id-1704443' class='answer   answerof-440512 ' value='1704443'   \/><label for='answer-id-1704443' id='answer-label-1704443' class=' answer'><span>To provide an outline business case for the specification<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440512[]' id='answer-id-1704444' class='answer   answerof-440512 ' value='1704444'   \/><label for='answer-id-1704444' id='answer-label-1704444' class=' answer'><span>To find cost reduction opportunities by optimising the components used<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-35' style=';'><div id='questionWrap-35'  class='   watupro-question-id-440513'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>35. <\/span>Which of the following is the structured approach for defining customer requirements and translating them into technical specification?<\/div><input type='hidden' name='question_id[]' id='qID_35' value='440513' \/><input type='hidden' id='answerType440513' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440513[]' id='answer-id-1704445' class='answer   answerof-440513 ' value='1704445'   \/><label for='answer-id-1704445' id='answer-label-1704445' class=' answer'><span>Kano model<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440513[]' id='answer-id-1704446' class='answer   answerof-440513 ' value='1704446'   \/><label for='answer-id-1704446' id='answer-label-1704446' class=' answer'><span>Thomas-Kilmann model<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440513[]' id='answer-id-1704447' class='answer   answerof-440513 ' value='1704447'   \/><label for='answer-id-1704447' id='answer-label-1704447' class=' answer'><span>Quality function deployment<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440513[]' id='answer-id-1704448' class='answer   answerof-440513 ' value='1704448'   \/><label for='answer-id-1704448' id='answer-label-1704448' class=' answer'><span>Mendelow's matrix<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-36' style=';'><div id='questionWrap-36'  class='   watupro-question-id-440514'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>36. <\/span>When procuring an IT equipment, at which stage the buyer\u2019s expectations are translated into a technical specification?<\/div><input type='hidden' name='question_id[]' id='qID_36' value='440514' \/><input type='hidden' id='answerType440514' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440514[]' id='answer-id-1704449' class='answer   answerof-440514 ' value='1704449'   \/><label for='answer-id-1704449' id='answer-label-1704449' class=' answer'><span>Installation<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440514[]' id='answer-id-1704450' class='answer   answerof-440514 ' value='1704450'   \/><label for='answer-id-1704450' id='answer-label-1704450' class=' answer'><span>Design<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440514[]' id='answer-id-1704451' class='answer   answerof-440514 ' value='1704451'   \/><label for='answer-id-1704451' id='answer-label-1704451' class=' answer'><span>In-service support<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440514[]' id='answer-id-1704452' class='answer   answerof-440514 ' value='1704452'   \/><label for='answer-id-1704452' id='answer-label-1704452' class=' answer'><span>Customer support<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-37' style=';'><div id='questionWrap-37'  class='   watupro-question-id-440515'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>37. <\/span>Builder Inc is a rapidly expanding business in construction sector. Due to an increase in projects, it cannot manage the flow of materials by Excel spreadsheets but by more dedicated software. <br \/>\r<br>Who would be a key internal stakeholder in defining software compatibility with company's current system?<\/div><input type='hidden' name='question_id[]' id='qID_37' value='440515' \/><input type='hidden' id='answerType440515' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440515[]' id='answer-id-1704453' class='answer   answerof-440515 ' value='1704453'   \/><label for='answer-id-1704453' id='answer-label-1704453' class=' answer'><span>Procurement team<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440515[]' id='answer-id-1704454' class='answer   answerof-440515 ' value='1704454'   \/><label for='answer-id-1704454' id='answer-label-1704454' class=' answer'><span>IT team<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440515[]' id='answer-id-1704455' class='answer   answerof-440515 ' value='1704455'   \/><label for='answer-id-1704455' id='answer-label-1704455' class=' answer'><span>Executive team<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440515[]' id='answer-id-1704456' class='answer   answerof-440515 ' value='1704456'   \/><label for='answer-id-1704456' id='answer-label-1704456' class=' answer'><span>Finance team<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-38' style=';'><div id='questionWrap-38'  class='   watupro-question-id-440516'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>38. <\/span>A procurement manager is helping to improve a specification for an existing product. They list all existing functions, processes, their costs, and the value they add. This exercise aims to support writing an improved specification for future purchasing. <br \/>\r<br>Which of the following is this an example of?<\/div><input type='hidden' name='question_id[]' id='qID_38' value='440516' \/><input type='hidden' id='answerType440516' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440516[]' id='answer-id-1704457' class='answer   answerof-440516 ' value='1704457'   \/><label for='answer-id-1704457' id='answer-label-1704457' class=' answer'><span>Value procurement<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440516[]' id='answer-id-1704458' class='answer   answerof-440516 ' value='1704458'   \/><label for='answer-id-1704458' id='answer-label-1704458' class=' answer'><span>Value chain<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440516[]' id='answer-id-1704459' class='answer   answerof-440516 ' value='1704459'   \/><label for='answer-id-1704459' id='answer-label-1704459' class=' answer'><span>Value analysis<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440516[]' id='answer-id-1704460' class='answer   answerof-440516 ' value='1704460'   \/><label for='answer-id-1704460' id='answer-label-1704460' class=' answer'><span>Value engineering<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-39' style=';'><div id='questionWrap-39'  class='   watupro-question-id-440517'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>39. <\/span>Which of the following are the causes of material cost variance? <br \/>\r<br>1. The buyer updates purchase-to-pay system to track payment and delivery <br \/>\r<br>2. An unprocessed goods received note is missing <br \/>\r<br>3. The employees must work overtime to catch up with the customers' orders <br \/>\r<br>4. The purchase is made in emergency<\/div><input type='hidden' name='question_id[]' id='qID_39' value='440517' \/><input type='hidden' id='answerType440517' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440517[]' id='answer-id-1704461' class='answer   answerof-440517 ' value='1704461'   \/><label for='answer-id-1704461' id='answer-label-1704461' class=' answer'><span>2 and 4 only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440517[]' id='answer-id-1704462' class='answer   answerof-440517 ' value='1704462'   \/><label for='answer-id-1704462' id='answer-label-1704462' class=' answer'><span>1 and 4 only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440517[]' id='answer-id-1704463' class='answer   answerof-440517 ' value='1704463'   \/><label for='answer-id-1704463' id='answer-label-1704463' class=' answer'><span>1 and 3 only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440517[]' id='answer-id-1704464' class='answer   answerof-440517 ' value='1704464'   \/><label for='answer-id-1704464' id='answer-label-1704464' class=' answer'><span>2 and 3 only<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-40' style=';'><div id='questionWrap-40'  class='   watupro-question-id-440518'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>40. <\/span>British Steel needs to source a set of instruments that will improve quality of steel. Without these instruments British Steel will loss control of the temperature. The bucket may freeze up, or if it is too hot it leaks out of the casting process, damaging the machine. There is limited supply on the market and quality varies greatly. <br \/>\r<br>Which of the following will be the most appropriate managing approach to procure these items?<\/div><input type='hidden' name='question_id[]' id='qID_40' value='440518' \/><input type='hidden' id='answerType440518' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440518[]' id='answer-id-1704465' class='answer   answerof-440518 ' value='1704465'   \/><label for='answer-id-1704465' id='answer-label-1704465' class=' answer'><span>Bundle these instruments into larger contract<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440518[]' id='answer-id-1704466' class='answer   answerof-440518 ' value='1704466'   \/><label for='answer-id-1704466' id='answer-label-1704466' class=' answer'><span>Leverage market competition to drive down cost<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440518[]' id='answer-id-1704467' class='answer   answerof-440518 ' value='1704467'   \/><label for='answer-id-1704467' id='answer-label-1704467' class=' answer'><span>Seek continuity of supply<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440518[]' id='answer-id-1704468' class='answer   answerof-440518 ' value='1704468'   \/><label for='answer-id-1704468' id='answer-label-1704468' class=' answer'><span>Form partnership with supplier<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div style='display:none' id='question-41'>\n\t<div class='question-content'>\n\t\t<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.dumpsbase.com\/freedumps\/wp-content\/plugins\/watupro\/img\/loading.gif\" width=\"16\" height=\"16\" alt=\"Loading...\" title=\"Loading...\" \/>&nbsp;Loading...\t<\/div>\n<\/div>\n\n<br \/>\n\t\n\t\t\t<div class=\"watupro_buttons flex \" id=\"watuPROButtons11199\" >\n\t\t  <div id=\"prev-question\" style=\"display:none;\"><input type=\"button\" value=\"&lt; 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   \t \n<\/script>\n<p>&nbsp;<\/p>\n<h3>Continue to check the CIPS <a href=\"https:\/\/www.dumpsbase.com\/freedumps\/cips-l4m2-exam-dumps-v10-02-are-trusted-for-guaranteed-success-continue-to-check-the-l4m2-free-dumps-part-2-q41-q80.html\"><span style=\"background-color: #99ccff;\"><em>L4M2 free dumps (Part 2, Q41-Q80) of V10.02<\/em><\/span><\/a> online.<\/h3>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>For professionals wishing to pass the Defining Business Needs (L4M2) and achieve the CIPS Level 4 Diploma in Procurement and Supply qualification, choosing the most updated materials is an essential step. The L4M2 dumps (V10.02) are available with 304 practice exam questions and answers, making all the difference during your preparation. With validated study materials [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13445,13446],"tags":[20443,14694],"class_list":["post-115238","post","type-post","status-publish","format-standard","hentry","category-cips","category-cips-level-4-diploma-in-procurement-and-supply","tag-defining-business-needs-l4m2","tag-l4m2-dumps"],"_links":{"self":[{"href":"https:\/\/www.dumpsbase.com\/freedumps\/wp-json\/wp\/v2\/posts\/115238","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.dumpsbase.com\/freedumps\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.dumpsbase.com\/freedumps\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.dumpsbase.com\/freedumps\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.dumpsbase.com\/freedumps\/wp-json\/wp\/v2\/comments?post=115238"}],"version-history":[{"count":3,"href":"https:\/\/www.dumpsbase.com\/freedumps\/wp-json\/wp\/v2\/posts\/115238\/revisions"}],"predecessor-version":[{"id":115646,"href":"https:\/\/www.dumpsbase.com\/freedumps\/wp-json\/wp\/v2\/posts\/115238\/revisions\/115646"}],"wp:attachment":[{"href":"https:\/\/www.dumpsbase.com\/freedumps\/wp-json\/wp\/v2\/media?parent=115238"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.dumpsbase.com\/freedumps\/wp-json\/wp\/v2\/categories?post=115238"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.dumpsbase.com\/freedumps\/wp-json\/wp\/v2\/tags?post=115238"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}