{"id":115643,"date":"2025-12-05T06:59:39","date_gmt":"2025-12-05T06:59:39","guid":{"rendered":"https:\/\/www.dumpsbase.com\/freedumps\/?p=115643"},"modified":"2025-12-09T03:33:57","modified_gmt":"2025-12-09T03:33:57","slug":"cips-l4m2-exam-dumps-v10-02-are-trusted-for-guaranteed-success-continue-to-check-the-l4m2-free-dumps-part-2-q41-q80","status":"publish","type":"post","link":"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","title":{"rendered":"CIPS L4M2 Exam Dumps (V10.02) Are Trusted for Guaranteed Success: Continue to Check the L4M2 Free Dumps (Part 2, Q41-Q80)"},"content":{"rendered":"<p>Using the L4M2 exam dumps (V10.02) is a trusted solution for Defining Business Needs exam success. It can make your L4M2 exam journey much easier and more effective. DumpsBase brings you carefully designed dumps that serve as a reliable source to cover all key exam areas with clarity and accuracy. Furthermore, these L4M2 dumps are regularly updated to reflect the latest exam patterns, ensuring that your preparation always stays relevant. We have shared the <a href=\"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\"><em><strong>CIPS L4M2 free dumps (Part 1, Q1-Q40) of V10.02<\/strong><\/em><\/a> online. From these sample questions, you can believe that with DumpsBase, you get a solution that not only saves your time but also builds the confidence you need to perform well. By relying on these updated L4M2 dumps (V10.02), you can focus on important topics, strengthen your knowledge, and head into the exam with full assurance.<\/p>\n<h2>Today, we will continue to check the <span style=\"background-color: #ffcc00;\"><em>L4M2 free dumps (Part 2, Q41-Q80) of V10.02 below<\/em><\/span> for reading:<\/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=\"submittingExam11200\" 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-11200\"><\/div>\n\n<form action=\"\" method=\"post\" class=\"quiz-form\" id=\"quiz-11200\"  enctype=\"multipart\/form-data\" >\n<div class='watu-question ' id='question-1' style=';'><div id='questionWrap-1'  class='   watupro-question-id-440519'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>1. <\/span>What is the purpose of sending value engineering analysis to external suppliers?<\/div><input type='hidden' name='question_id[]' id='qID_1' value='440519' \/><input type='hidden' id='answerType440519' 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-440519[]' id='answer-id-1704469' class='answer   answerof-440519 ' value='1704469'   \/><label for='answer-id-1704469' id='answer-label-1704469' class=' answer'><span>To improve early supplier involvement<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440519[]' id='answer-id-1704470' class='answer   answerof-440519 ' value='1704470'   \/><label for='answer-id-1704470' id='answer-label-1704470' class=' answer'><span>To improve the existing products<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440519[]' id='answer-id-1704471' class='answer   answerof-440519 ' value='1704471'   \/><label for='answer-id-1704471' id='answer-label-1704471' class=' answer'><span>To analyse the supply market<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440519[]' id='answer-id-1704472' class='answer   answerof-440519 ' value='1704472'   \/><label for='answer-id-1704472' id='answer-label-1704472' class=' answer'><span>To standardise production processed<\/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-440520'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>2. <\/span>Halfords is a major bicycle and car parts retailer with long history in the market. Its suppliers are plentiful and there is no threat of forward integration. Some other smaller retailers are applying 3D-printing technology to make personalized bicycle parts but their market share is relatively low. 3D-printing technology is an example of which competitive force?<\/div><input type='hidden' name='question_id[]' id='qID_2' value='440520' \/><input type='hidden' id='answerType440520' 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-440520[]' id='answer-id-1704473' class='answer   answerof-440520 ' value='1704473'   \/><label for='answer-id-1704473' id='answer-label-1704473' class=' answer'><span>Bargaining power of buyer<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440520[]' id='answer-id-1704474' class='answer   answerof-440520 ' value='1704474'   \/><label for='answer-id-1704474' id='answer-label-1704474' class=' answer'><span>Threat of substitute<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440520[]' id='answer-id-1704475' class='answer   answerof-440520 ' value='1704475'   \/><label for='answer-id-1704475' id='answer-label-1704475' class=' answer'><span>Rivalry within the industry<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440520[]' id='answer-id-1704476' class='answer   answerof-440520 ' value='1704476'   \/><label for='answer-id-1704476' id='answer-label-1704476' class=' answer'><span>New entrants may enter the market<\/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-440521'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>3. <\/span>Which of the following problems may be identified as closed problems? Select TWO that apply:<\/div><input type='hidden' name='question_id[]' id='qID_3' value='440521' \/><input type='hidden' id='answerType440521' 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-440521[]' id='answer-id-1704477' class='answer   answerof-440521 ' value='1704477'   \/><label for='answer-id-1704477' id='answer-label-1704477' class=' answer'><span>A cyber attack takes down whole company\u2019s IT system<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440521[]' id='answer-id-1704478' class='answer   answerof-440521 ' value='1704478'   \/><label for='answer-id-1704478' id='answer-label-1704478' class=' answer'><span>Shortage of key medicines in healthcare industry<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440521[]' id='answer-id-1704479' class='answer   answerof-440521 ' value='1704479'   \/><label for='answer-id-1704479' id='answer-label-1704479' class=' answer'><span>There are not enough data for procurement analytics<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440521[]' id='answer-id-1704480' class='answer   answerof-440521 ' value='1704480'   \/><label for='answer-id-1704480' id='answer-label-1704480' class=' answer'><span>Logistics costs incur a large portion in wholesale prices<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440521[]' id='answer-id-1704481' class='answer   answerof-440521 ' value='1704481'   \/><label for='answer-id-1704481' id='answer-label-1704481' class=' answer'><span>The suppliers don\u2019t comply with the company\u2019s policy on underage labour.<\/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-440522'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>4. <\/span>Which of the following factors should be assessed to understand the competitiveness of a supply market?<\/div><input type='hidden' name='question_id[]' id='qID_4' value='440522' \/><input type='hidden' id='answerType440522' 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-440522[]' id='answer-id-1704482' class='answer   answerof-440522 ' value='1704482'   \/><label for='answer-id-1704482' id='answer-label-1704482' class=' answer'><span>Presence of a minimum wage<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440522[]' id='answer-id-1704483' class='answer   answerof-440522 ' value='1704483'   \/><label for='answer-id-1704483' id='answer-label-1704483' class=' answer'><span>Gross National Product of the country of manufacture<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440522[]' id='answer-id-1704484' class='answer   answerof-440522 ' value='1704484'   \/><label for='answer-id-1704484' id='answer-label-1704484' class=' answer'><span>Number of suppliers within the market<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440522[]' id='answer-id-1704485' class='answer   answerof-440522 ' value='1704485'   \/><label for='answer-id-1704485' id='answer-label-1704485' class=' answer'><span>Previous price paid for goods<\/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-440523'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>5. <\/span>Apple\u2019s CPO is planning a budget for purchasing carbon-free aluminium next year. There are 27.4 tonnes of aluminum in stock, while Apple will need 200 tonnes for production next year and double inventory for production in the following year. <br \/>\r<br>How much aluminum will Apple need to purchase in next year?<\/div><input type='hidden' name='question_id[]' id='qID_5' value='440523' \/><input type='hidden' id='answerType440523' 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-440523[]' id='answer-id-1704486' class='answer   answerof-440523 ' value='1704486'   \/><label for='answer-id-1704486' id='answer-label-1704486' class=' answer'><span>172.6 tonnes<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440523[]' id='answer-id-1704487' class='answer   answerof-440523 ' value='1704487'   \/><label for='answer-id-1704487' id='answer-label-1704487' class=' answer'><span>117.8 tonnes<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440523[]' id='answer-id-1704488' class='answer   answerof-440523 ' value='1704488'   \/><label for='answer-id-1704488' id='answer-label-1704488' class=' answer'><span>282.2 tonnes<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440523[]' id='answer-id-1704489' class='answer   answerof-440523 ' value='1704489'   \/><label for='answer-id-1704489' id='answer-label-1704489' class=' answer'><span>227.4 tonnes<\/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-440524'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>6. <\/span>This is the information on an organisation\u2019s activities over the past year <br \/>\r<br>&#8226; Sale were $5,000,000. The value of accounts receivable was $450,000 at the start of the year and <br \/>\r<br>$525,000 at the end of the year <br \/>\r<br>&#8226; The value of direct costs was $2,500,000 and 75% of this was bought on credit <br \/>\r<br>&#8226; Indirect costs were $3,000,000 and 25% of this was bought on credit <br \/>\r<br>&#8226; During the year the organization spent $1,500,000 on new assets and sold $150,000 of old assets. $1,000,000 of the spend on assets was funded by a bank loan <br \/>\r<br>&#8226; The organization declared a dividend of $200,000 at the end of the year but this was not paid for another two months <br \/>\r<br>&#8226; Opening balance was $175,000 <br \/>\r<br>Which of the following is the bank balance of that organization at the end of the year?<\/div><input type='hidden' name='question_id[]' id='qID_6' value='440524' \/><input type='hidden' id='answerType440524' 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-440524[]' id='answer-id-1704490' class='answer   answerof-440524 ' value='1704490'   \/><label for='answer-id-1704490' id='answer-label-1704490' class=' answer'><span>$1,675,000<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440524[]' id='answer-id-1704491' class='answer   answerof-440524 ' value='1704491'   \/><label for='answer-id-1704491' id='answer-label-1704491' class=' answer'><span>$1,875,000<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440524[]' id='answer-id-1704492' class='answer   answerof-440524 ' value='1704492'   \/><label for='answer-id-1704492' id='answer-label-1704492' class=' answer'><span>$1,700,000<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440524[]' id='answer-id-1704493' class='answer   answerof-440524 ' value='1704493'   \/><label for='answer-id-1704493' id='answer-label-1704493' class=' answer'><span>$2,025,000<\/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-440525'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>7. <\/span>Which of the following areas is specified by ISO\/IEC 27001 family?<\/div><input type='hidden' name='question_id[]' id='qID_7' value='440525' \/><input type='hidden' id='answerType440525' 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-440525[]' id='answer-id-1704494' class='answer   answerof-440525 ' value='1704494'   \/><label for='answer-id-1704494' id='answer-label-1704494' class=' answer'><span>The dimensions and associated tolerances for a series of housings for piston seals<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440525[]' id='answer-id-1704495' class='answer   answerof-440525 ' value='1704495'   \/><label for='answer-id-1704495' id='answer-label-1704495' class=' answer'><span>The requirements for an information security management system<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440525[]' id='answer-id-1704496' class='answer   answerof-440525 ' value='1704496'   \/><label for='answer-id-1704496' id='answer-label-1704496' class=' answer'><span>Evaluation and assessment of mutual agreed customer food safety requirements<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440525[]' id='answer-id-1704497' class='answer   answerof-440525 ' value='1704497'   \/><label for='answer-id-1704497' id='answer-label-1704497' class=' answer'><span>The requirements for an environmental management system<\/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-440526'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>8. <\/span>Which of the following is the technology that disrupts traditional retail?<\/div><input type='hidden' name='question_id[]' id='qID_8' value='440526' \/><input type='hidden' id='answerType440526' 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-440526[]' id='answer-id-1704498' class='answer   answerof-440526 ' value='1704498'   \/><label for='answer-id-1704498' id='answer-label-1704498' class=' answer'><span>Self-Driving Cars<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440526[]' id='answer-id-1704499' class='answer   answerof-440526 ' value='1704499'   \/><label for='answer-id-1704499' id='answer-label-1704499' class=' answer'><span>Blockchain<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440526[]' id='answer-id-1704500' class='answer   answerof-440526 ' value='1704500'   \/><label for='answer-id-1704500' id='answer-label-1704500' class=' answer'><span>E-commerce<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440526[]' id='answer-id-1704501' class='answer   answerof-440526 ' value='1704501'   \/><label for='answer-id-1704501' id='answer-label-1704501' class=' answer'><span>Robotics<\/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-440527'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>9. <\/span>Which of the following activities are considered as primary activities of an organization according to Porter's value chain? Select TWO that apply:<\/div><input type='hidden' name='question_id[]' id='qID_9' value='440527' \/><input type='hidden' id='answerType440527' 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-440527[]' id='answer-id-1704502' class='answer   answerof-440527 ' value='1704502'   \/><label for='answer-id-1704502' id='answer-label-1704502' class=' answer'><span>Maintenance<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440527[]' id='answer-id-1704503' class='answer   answerof-440527 ' value='1704503'   \/><label for='answer-id-1704503' id='answer-label-1704503' class=' answer'><span>Picking and delivery components<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440527[]' id='answer-id-1704504' class='answer   answerof-440527 ' value='1704504'   \/><label for='answer-id-1704504' id='answer-label-1704504' class=' answer'><span>Sourcing transportation services<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440527[]' id='answer-id-1704505' class='answer   answerof-440527 ' value='1704505'   \/><label for='answer-id-1704505' id='answer-label-1704505' class=' answer'><span>Trainees recruitment<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440527[]' id='answer-id-1704506' class='answer   answerof-440527 ' value='1704506'   \/><label for='answer-id-1704506' id='answer-label-1704506' class=' answer'><span>Assembly design<\/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-440528'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>10. <\/span>Which of the following are the fair and reasonable comparators in price analysis? Select TWO that apply:<\/div><input type='hidden' name='question_id[]' id='qID_10' value='440528' \/><input type='hidden' id='answerType440528' 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-440528[]' id='answer-id-1704507' class='answer   answerof-440528 ' value='1704507'   \/><label for='answer-id-1704507' id='answer-label-1704507' class=' answer'><span>Pricing formula<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440528[]' id='answer-id-1704508' class='answer   answerof-440528 ' value='1704508'   \/><label for='answer-id-1704508' id='answer-label-1704508' class=' answer'><span>Price indices<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440528[]' id='answer-id-1704509' class='answer   answerof-440528 ' value='1704509'   \/><label for='answer-id-1704509' id='answer-label-1704509' class=' answer'><span>Strike price<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440528[]' id='answer-id-1704510' class='answer   answerof-440528 ' value='1704510'   \/><label for='answer-id-1704510' id='answer-label-1704510' class=' answer'><span>Cost driver<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440528[]' id='answer-id-1704511' class='answer   answerof-440528 ' value='1704511'   \/><label for='answer-id-1704511' id='answer-label-1704511' class=' answer'><span>Competitive bidding<\/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-440529'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>11. <\/span>Facing fiercer competition at home and abroad, IKEA, the leading furniture retailer, needs to im-prove its competitiveness. In order to do this, IKEA must decrease operating costs and improve quality of current and new retail stores. The company establishes a project team. The job of the team is to collect data on performance from multiple stores in several countries, then select the best performing one. The team will work closely with best performing store and study its processes. After the research, the team will recommend best practices to other retail stores. IKEA management can also apply these practices to new stores in the future. <br \/>\r<br>Which of the following correctly describe the process undertaken by IKEA project team?<\/div><input type='hidden' name='question_id[]' id='qID_11' value='440529' \/><input type='hidden' id='answerType440529' 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-440529[]' id='answer-id-1704512' class='answer   answerof-440529 ' value='1704512'   \/><label for='answer-id-1704512' id='answer-label-1704512' class=' answer'><span>Internal benchmarking<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440529[]' id='answer-id-1704513' class='answer   answerof-440529 ' value='1704513'   \/><label for='answer-id-1704513' id='answer-label-1704513' class=' answer'><span>Competitive benchmarking<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440529[]' id='answer-id-1704514' class='answer   answerof-440529 ' value='1704514'   \/><label for='answer-id-1704514' id='answer-label-1704514' class=' answer'><span>Internal audit<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440529[]' id='answer-id-1704515' class='answer   answerof-440529 ' value='1704515'   \/><label for='answer-id-1704515' id='answer-label-1704515' class=' answer'><span>Site visit<\/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-440530'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>12. <\/span>Which of the following are typically included in a conformance specification? Select TWO that apply.<\/div><input type='hidden' name='question_id[]' id='qID_12' value='440530' \/><input type='hidden' id='answerType440530' 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-440530[]' id='answer-id-1704516' class='answer   answerof-440530 ' value='1704516'   \/><label for='answer-id-1704516' id='answer-label-1704516' class=' answer'><span>Product functions<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440530[]' id='answer-id-1704517' class='answer   answerof-440530 ' value='1704517'   \/><label for='answer-id-1704517' id='answer-label-1704517' class=' answer'><span>Product dimensions<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440530[]' id='answer-id-1704518' class='answer   answerof-440530 ' value='1704518'   \/><label for='answer-id-1704518' id='answer-label-1704518' class=' answer'><span>Brand name<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440530[]' id='answer-id-1704519' class='answer   answerof-440530 ' value='1704519'   \/><label for='answer-id-1704519' id='answer-label-1704519' class=' answer'><span>List of outcome<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440530[]' id='answer-id-1704520' class='answer   answerof-440530 ' value='1704520'   \/><label for='answer-id-1704520' id='answer-label-1704520' class=' answer'><span>Packaging requirements<\/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-440531'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>13. <\/span>XYZ Ltd is producing an engine which consists of many components. The procurement manager wants to find cost reduction opportunities and minimise part varieties. <br \/>\r<br>Which of the following may help her to achieve these objectives? <br \/>\r<br>1. Value analysis <br \/>\r<br>2. Segment analysis <br \/>\r<br>3. Variety reduction <br \/>\r<br>4. Standardisation<\/div><input type='hidden' name='question_id[]' id='qID_13' value='440531' \/><input type='hidden' id='answerType440531' 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-440531[]' id='answer-id-1704521' class='answer   answerof-440531 ' value='1704521'   \/><label for='answer-id-1704521' id='answer-label-1704521' class=' answer'><span>2 and 3 only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440531[]' id='answer-id-1704522' class='answer   answerof-440531 ' value='1704522'   \/><label for='answer-id-1704522' id='answer-label-1704522' class=' answer'><span>1 and 3 only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440531[]' id='answer-id-1704523' class='answer   answerof-440531 ' value='1704523'   \/><label for='answer-id-1704523' id='answer-label-1704523' class=' answer'><span>3 and 4 only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440531[]' id='answer-id-1704524' class='answer   answerof-440531 ' value='1704524'   \/><label for='answer-id-1704524' id='answer-label-1704524' class=' answer'><span>1 and 4 only<\/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-440532'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>14. <\/span>What are the typical purposes of specifications in procurement and supply? Select TWO that apply.<\/div><input type='hidden' name='question_id[]' id='qID_14' value='440532' \/><input type='hidden' id='answerType440532' 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-440532[]' id='answer-id-1704525' class='answer   answerof-440532 ' value='1704525'   \/><label for='answer-id-1704525' id='answer-label-1704525' class=' answer'><span>To define the requirements<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440532[]' id='answer-id-1714530' class='answer   answerof-440532 ' value='1714530'   \/><label for='answer-id-1714530' id='answer-label-1714530' class=' answer'><span>To provide supplier appraisal and selection<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440532[]' id='answer-id-1714531' class='answer   answerof-440532 ' value='1714531'   \/><label for='answer-id-1714531' id='answer-label-1714531' class=' answer'><span>To define the bargaining strength of the buyer<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440532[]' id='answer-id-1714532' class='answer   answerof-440532 ' value='1714532'   \/><label for='answer-id-1714532' id='answer-label-1714532' class=' answer'><span>To provide a means of evaluating the quality or conformance<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440532[]' id='answer-id-1714533' class='answer   answerof-440532 ' value='1714533'   \/><label for='answer-id-1714533' id='answer-label-1714533' class=' answer'><span>To minimise the bargaining strength of the supplier<\/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-440533'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>15. <\/span>Which of the following are fixed costs? Select TWO that apply.<\/div><input type='hidden' name='question_id[]' id='qID_15' value='440533' \/><input type='hidden' id='answerType440533' 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-440533[]' id='answer-id-1704526' class='answer   answerof-440533 ' value='1704526'   \/><label for='answer-id-1704526' id='answer-label-1704526' class=' answer'><span>Staff overtime<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440533[]' id='answer-id-1704527' class='answer   answerof-440533 ' value='1704527'   \/><label for='answer-id-1704527' id='answer-label-1704527' class=' answer'><span>Sales commission<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440533[]' id='answer-id-1704528' class='answer   answerof-440533 ' value='1704528'   \/><label for='answer-id-1704528' id='answer-label-1704528' class=' answer'><span>Premises costs<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440533[]' id='answer-id-1704529' class='answer   answerof-440533 ' value='1704529'   \/><label for='answer-id-1704529' id='answer-label-1704529' class=' answer'><span>Utilities costs<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440533[]' id='answer-id-1704530' class='answer   answerof-440533 ' value='1704530'   \/><label for='answer-id-1704530' id='answer-label-1704530' class=' answer'><span>Materials costs<\/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-440534'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>16. <\/span>Which of the following is likely to be an outcome of over-specification? <br \/>\r<br>1. Ineffective Service Level Agreement (SLA) <br \/>\r<br>2. Higher supplier costs <br \/>\r<br>3. Increased Supplier Relationship Management (SRM) <br \/>\r<br>4. Reduced inventory costs<\/div><input type='hidden' name='question_id[]' id='qID_16' value='440534' \/><input type='hidden' id='answerType440534' 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-440534[]' id='answer-id-1704531' class='answer   answerof-440534 ' value='1704531'   \/><label for='answer-id-1704531' id='answer-label-1704531' class=' answer'><span>1, 3 and 4 only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440534[]' id='answer-id-1704532' class='answer   answerof-440534 ' value='1704532'   \/><label for='answer-id-1704532' id='answer-label-1704532' class=' answer'><span>2, 3 and 4 only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440534[]' id='answer-id-1704533' class='answer   answerof-440534 ' value='1704533'   \/><label for='answer-id-1704533' id='answer-label-1704533' class=' answer'><span>1, 2 and 3 only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440534[]' id='answer-id-1704534' class='answer   answerof-440534 ' value='1704534'   \/><label for='answer-id-1704534' id='answer-label-1704534' class=' answer'><span>1, 2 and 4 only<\/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-440535'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>17. <\/span>A procurement manager consolidates the company expense on printing and office supplies into broader range of spend category. Other senior managers are concerned that it may increase company\u2019s spend. <br \/>\r<br>Is that concern justified?<\/div><input type='hidden' name='question_id[]' id='qID_17' value='440535' \/><input type='hidden' id='answerType440535' 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-440535[]' id='answer-id-1704535' class='answer   answerof-440535 ' value='1704535'   \/><label for='answer-id-1704535' id='answer-label-1704535' class=' answer'><span>No, because the broader range of spend category can increase the value of the contract and the buyer may get volume discount<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440535[]' id='answer-id-1704536' class='answer   answerof-440535 ' value='1704536'   \/><label for='answer-id-1704536' id='answer-label-1704536' class=' answer'><span>Yes, because the consolidation may create a large contract that costs more than placing each purchase order<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440535[]' id='answer-id-1704537' class='answer   answerof-440535 ' value='1704537'   \/><label for='answer-id-1704537' id='answer-label-1704537' class=' answer'><span>No, because the consolidation will help the supplier to shorten deliver time.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440535[]' id='answer-id-1704538' class='answer   answerof-440535 ' value='1704538'   \/><label for='answer-id-1704538' id='answer-label-1704538' class=' answer'><span>Yes, because the suppliers can\u2019t provide a broader range of products and they will fail to deliver<\/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-440536'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>18. <\/span>Thani Ltd is a fast growing logistics company with a fleet of 20 tractors. To meet Net Zero objective, the company needs to electrify its fleet. Angelica is assigned to investigate the market price of electrifying services. After the investigation, she realises that the current market price is very expensive and unsustainable for her company. She decides to break down the costs before negotiating with the suppliers. <br \/>\r<br>Which internal stakeholders may help Angelica estimate the breakdown of costs? Select TWO that apply.<\/div><input type='hidden' name='question_id[]' id='qID_18' value='440536' \/><input type='hidden' id='answerType440536' 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-440536[]' id='answer-id-1704539' class='answer   answerof-440536 ' value='1704539'   \/><label for='answer-id-1704539' id='answer-label-1704539' class=' answer'><span>Sales and Marketing department<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440536[]' id='answer-id-1704540' class='answer   answerof-440536 ' value='1704540'   \/><label for='answer-id-1704540' id='answer-label-1704540' class=' answer'><span>Engineering department<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440536[]' id='answer-id-1704541' class='answer   answerof-440536 ' value='1704541'   \/><label for='answer-id-1704541' id='answer-label-1704541' class=' answer'><span>Finance department<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440536[]' id='answer-id-1704542' class='answer   answerof-440536 ' value='1704542'   \/><label for='answer-id-1704542' id='answer-label-1704542' class=' answer'><span>Commercial agency<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440536[]' id='answer-id-1704543' class='answer   answerof-440536 ' value='1704543'   \/><label for='answer-id-1704543' id='answer-label-1704543' class=' answer'><span>Suppliers<\/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-440537'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>19. <\/span>Which of the following specific markets engage in creation, liquidation and change of ownership of stock?<\/div><input type='hidden' name='question_id[]' id='qID_19' value='440537' \/><input type='hidden' id='answerType440537' 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-440537[]' id='answer-id-1704544' class='answer   answerof-440537 ' value='1704544'   \/><label for='answer-id-1704544' id='answer-label-1704544' class=' answer'><span>Financial<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440537[]' id='answer-id-1704545' class='answer   answerof-440537 ' value='1704545'   \/><label for='answer-id-1704545' id='answer-label-1704545' class=' answer'><span>Manufacturing<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440537[]' id='answer-id-1704546' class='answer   answerof-440537 ' value='1704546'   \/><label for='answer-id-1704546' id='answer-label-1704546' class=' answer'><span>Construction<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440537[]' id='answer-id-1704547' class='answer   answerof-440537 ' value='1704547'   \/><label for='answer-id-1704547' id='answer-label-1704547' class=' answer'><span>Agriculture<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440537[]' id='answer-id-1704548' class='answer   answerof-440537 ' value='1704548'   \/><label for='answer-id-1704548' id='answer-label-1704548' class=' answer'><span>Retail<\/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-440538'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>20. <\/span>A CPO is making a business case for acquiring a new computer system. He has set out objective, generated options, cost and benefit of each option and implementation plan. <br \/>\r<br>Which of the following elements should be included in the business case?<\/div><input type='hidden' name='question_id[]' id='qID_20' value='440538' \/><input type='hidden' id='answerType440538' 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-440538[]' id='answer-id-1704549' class='answer   answerof-440538 ' value='1704549'   \/><label for='answer-id-1704549' id='answer-label-1704549' class=' answer'><span>Risk assessment<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440538[]' id='answer-id-1704550' class='answer   answerof-440538 ' value='1704550'   \/><label for='answer-id-1704550' id='answer-label-1704550' class=' answer'><span>Operation management<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440538[]' id='answer-id-1704551' class='answer   answerof-440538 ' value='1704551'   \/><label for='answer-id-1704551' id='answer-label-1704551' class=' answer'><span>Invitation to tender<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440538[]' id='answer-id-1704552' class='answer   answerof-440538 ' value='1704552'   \/><label for='answer-id-1704552' id='answer-label-1704552' class=' answer'><span>Contract management<\/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-440539'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>21. <\/span>Which of the following factors should be assessed to understand the competitiveness of a supply market?<\/div><input type='hidden' name='question_id[]' id='qID_21' value='440539' \/><input type='hidden' id='answerType440539' 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-440539[]' id='answer-id-1704553' class='answer   answerof-440539 ' value='1704553'   \/><label for='answer-id-1704553' id='answer-label-1704553' class=' answer'><span>Presence of a minimum wage<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440539[]' id='answer-id-1704554' class='answer   answerof-440539 ' value='1704554'   \/><label for='answer-id-1704554' id='answer-label-1704554' class=' answer'><span>Gross National Product (GNP) of the country of manufacture<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440539[]' id='answer-id-1704555' class='answer   answerof-440539 ' value='1704555'   \/><label for='answer-id-1704555' id='answer-label-1704555' class=' answer'><span>Number of suppliers within the market<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440539[]' id='answer-id-1704556' class='answer   answerof-440539 ' value='1704556'   \/><label for='answer-id-1704556' id='answer-label-1704556' class=' answer'><span>Previous price paid for goods<\/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-440540'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>22. <\/span>Is ISO 14000 a series of environmental standards?<\/div><input type='hidden' name='question_id[]' id='qID_22' value='440540' \/><input type='hidden' id='answerType440540' 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-440540[]' id='answer-id-1704557' class='answer   answerof-440540 ' value='1704557'   \/><label for='answer-id-1704557' id='answer-label-1704557' class=' answer'><span>No, it is a series of quality standards including continuous improvement<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440540[]' id='answer-id-1704558' class='answer   answerof-440540 ' value='1704558'   \/><label for='answer-id-1704558' id='answer-label-1704558' class=' answer'><span>Yes, it is a series of environmental standards including life cycle analysis<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440540[]' id='answer-id-1704559' class='answer   answerof-440540 ' value='1704559'   \/><label for='answer-id-1704559' id='answer-label-1704559' class=' answer'><span>Yes, it is a series of information security standards including financial information<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440540[]' id='answer-id-1704560' class='answer   answerof-440540 ' value='1704560'   \/><label for='answer-id-1704560' id='answer-label-1704560' class=' answer'><span>No, it is a series of risk management standards including achieving objectives<\/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-440541'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>23. <\/span>The position of a product in its life cycle can affect the price that suppliers set. <br \/>\r<br>Is this statement correct?<\/div><input type='hidden' name='question_id[]' id='qID_23' value='440541' \/><input type='hidden' id='answerType440541' 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-440541[]' id='answer-id-1704561' class='answer   answerof-440541 ' value='1704561'   \/><label for='answer-id-1704561' id='answer-label-1704561' class=' answer'><span>No, in market economy, the state decides the price of all goods and services<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440541[]' id='answer-id-1704562' class='answer   answerof-440541 ' value='1704562'   \/><label for='answer-id-1704562' id='answer-label-1704562' class=' answer'><span>Yes, each stage in product life cycle requires different levels of investment in promotion and distribution<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440541[]' id='answer-id-1704563' class='answer   answerof-440541 ' value='1704563'   \/><label for='answer-id-1704563' id='answer-label-1704563' class=' answer'><span>No, customer's perception of value is the ultimate determinant of the suppliers' price<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440541[]' id='answer-id-1704564' class='answer   answerof-440541 ' value='1704564'   \/><label for='answer-id-1704564' id='answer-label-1704564' class=' answer'><span>Yes, it is always the only factor determining the price<\/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-440542'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>24. <\/span>Which of the following indicates types of waste that procurement department concentrates on when adopting Lean methods?<\/div><input type='hidden' name='question_id[]' id='qID_24' value='440542' \/><input type='hidden' id='answerType440542' 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-440542[]' id='answer-id-1704565' class='answer   answerof-440542 ' value='1704565'   \/><label for='answer-id-1704565' id='answer-label-1704565' class=' answer'><span>DOWNTIME<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440542[]' id='answer-id-1704566' class='answer   answerof-440542 ' value='1704566'   \/><label for='answer-id-1704566' id='answer-label-1704566' class=' answer'><span>VA\/VE<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440542[]' id='answer-id-1704567' class='answer   answerof-440542 ' value='1704567'   \/><label for='answer-id-1704567' id='answer-label-1704567' class=' answer'><span>OWN-IT<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440542[]' id='answer-id-1704568' class='answer   answerof-440542 ' value='1704568'   \/><label for='answer-id-1704568' id='answer-label-1704568' class=' answer'><span>SCAMPER<\/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-440543'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>25. <\/span>A procurement manager decided to use a conformance specification in a request for quotation (RFQ) for the manufacturing of a specialist item designed by their company. The company does not have the capability to manufacture the item in-house, but requires the item to be made to their detailed specification. <br \/>\r<br>Was this the correct thing to do?<\/div><input type='hidden' name='question_id[]' id='qID_25' value='440543' \/><input type='hidden' id='answerType440543' 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-440543[]' id='answer-id-1704569' class='answer   answerof-440543 ' value='1704569'   \/><label for='answer-id-1704569' id='answer-label-1704569' class=' answer'><span>Yes, as it means that the company will be able to get the most cost-effective price for the item from the chosen supplier<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440543[]' id='answer-id-1704570' class='answer   answerof-440543 ' value='1704570'   \/><label for='answer-id-1704570' id='answer-label-1704570' class=' answer'><span>No, as the item will be of non-standard construction and will not be able to be used by other competitors<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440543[]' id='answer-id-1704571' class='answer   answerof-440543 ' value='1704571'   \/><label for='answer-id-1704571' id='answer-label-1704571' class=' answer'><span>No, as it means that the chosen supplier will not be able to use their expertise and knowledge to manufacture the item<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440543[]' id='answer-id-1704572' class='answer   answerof-440543 ' value='1704572'   \/><label for='answer-id-1704572' id='answer-label-1704572' class=' answer'><span>Yes, as it means that the company will get exactly what it has specified and that the item meets its specific requirements<\/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-440544'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>26. <\/span>A global manufacturer is struggling to compete with rival firms investing heavily in advanced robotics. This would be the biggest barrier to entry in which market?<\/div><input type='hidden' name='question_id[]' id='qID_26' value='440544' \/><input type='hidden' id='answerType440544' 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-440544[]' id='answer-id-1704573' class='answer   answerof-440544 ' value='1704573'   \/><label for='answer-id-1704573' id='answer-label-1704573' class=' answer'><span>Hospitality<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440544[]' id='answer-id-1704574' class='answer   answerof-440544 ' value='1704574'   \/><label for='answer-id-1704574' id='answer-label-1704574' class=' answer'><span>Finance<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440544[]' id='answer-id-1704575' class='answer   answerof-440544 ' value='1704575'   \/><label for='answer-id-1704575' id='answer-label-1704575' class=' answer'><span>Aerospace<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440544[]' id='answer-id-1704576' class='answer   answerof-440544 ' value='1704576'   \/><label for='answer-id-1704576' id='answer-label-1704576' class=' answer'><span>Insurance<\/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-440545'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>27. <\/span>Interserve is a construction contractor in UK. When receiving a huge and complex project, Inter-serve\u2019s procurement manager assesses the risks by quantifying them and recommends other stake-holders to plan mitigating actions. <br \/>\r<br>Is the procurement manager\u2019s action justified?<\/div><input type='hidden' name='question_id[]' id='qID_27' value='440545' \/><input type='hidden' id='answerType440545' 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-440545[]' id='answer-id-1704577' class='answer   answerof-440545 ' value='1704577'   \/><label for='answer-id-1704577' id='answer-label-1704577' class=' answer'><span>No, because no risks can be quantified, therefore the procurement manager\u2019s action is impossible.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440545[]' id='answer-id-1704578' class='answer   answerof-440545 ' value='1704578'   \/><label for='answer-id-1704578' id='answer-label-1704578' class=' answer'><span>Yes, because procurement manager needs to assess the risks to prioritise and mitigate any potential risks<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440545[]' id='answer-id-1704579' class='answer   answerof-440545 ' value='1704579'   \/><label for='answer-id-1704579' id='answer-label-1704579' class=' answer'><span>Yes, because all the risks should be quantified and eliminated completely before they happen<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440545[]' id='answer-id-1704580' class='answer   answerof-440545 ' value='1704580'   \/><label for='answer-id-1704580' id='answer-label-1704580' class=' answer'><span>No, because embedding the risk into pricing will decrease the company\u2019s competitiveness<\/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-440546'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>28. <\/span>Which factor would increase a buyer\u2019s bargaining power in a negotiation?<\/div><input type='hidden' name='question_id[]' id='qID_28' value='440546' \/><input type='hidden' id='answerType440546' 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-440546[]' id='answer-id-1704581' class='answer   answerof-440546 ' value='1704581'   \/><label for='answer-id-1704581' id='answer-label-1704581' class=' answer'><span>There are a high number of alternative suppliers<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440546[]' id='answer-id-1704582' class='answer   answerof-440546 ' value='1704582'   \/><label for='answer-id-1704582' id='answer-label-1704582' class=' answer'><span>There is a high level of demand from other buyers<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440546[]' id='answer-id-1704583' class='answer   answerof-440546 ' value='1704583'   \/><label for='answer-id-1704583' id='answer-label-1704583' class=' answer'><span>The buyer\u2019s specification is for a specific branded good<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440546[]' id='answer-id-1704584' class='answer   answerof-440546 ' value='1704584'   \/><label for='answer-id-1704584' id='answer-label-1704584' class=' answer'><span>Pricing in the market is regulated by national government<\/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-440547'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>29. <\/span>A procurement manager is requested to source a major component. She needs information on sup-pliers\u2019 direct and indirect cost, fixed and variable costs to prepare for negotiations. Therefore, she collects 17 annual reports from potential suppliers who are competing in the same industry. <br \/>\r<br>In order to estimate an approximate value of fixed and variable costs in that industry, which of the following technique should be adopted by the procurement manager?<\/div><input type='hidden' name='question_id[]' id='qID_29' value='440547' \/><input type='hidden' id='answerType440547' 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-440547[]' id='answer-id-1704585' class='answer   answerof-440547 ' value='1704585'   \/><label for='answer-id-1704585' id='answer-label-1704585' class=' answer'><span>Line of best fit<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440547[]' id='answer-id-1704586' class='answer   answerof-440547 ' value='1704586'   \/><label for='answer-id-1704586' id='answer-label-1704586' class=' answer'><span>Variance calculation<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440547[]' id='answer-id-1704587' class='answer   answerof-440547 ' value='1704587'   \/><label for='answer-id-1704587' id='answer-label-1704587' class=' answer'><span>Total cost of ownership<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440547[]' id='answer-id-1704588' class='answer   answerof-440547 ' value='1704588'   \/><label for='answer-id-1704588' id='answer-label-1704588' class=' answer'><span>Open-book costing<\/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-440548'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>30. <\/span>When preparing through-life specification, which of the following requirements should procurement team define besides the physical asset? Select TWO that apply.<\/div><input type='hidden' name='question_id[]' id='qID_30' value='440548' \/><input type='hidden' id='answerType440548' 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-440548[]' id='answer-id-1704589' class='answer   answerof-440548 ' value='1704589'   \/><label for='answer-id-1704589' id='answer-label-1704589' class=' answer'><span>Customer service<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440548[]' id='answer-id-1704590' class='answer   answerof-440548 ' value='1704590'   \/><label for='answer-id-1704590' id='answer-label-1704590' class=' answer'><span>Objectives<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440548[]' id='answer-id-1704591' class='answer   answerof-440548 ' value='1704591'   \/><label for='answer-id-1704591' id='answer-label-1704591' class=' answer'><span>Market analysis<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440548[]' id='answer-id-1704592' class='answer   answerof-440548 ' value='1704592'   \/><label for='answer-id-1704592' id='answer-label-1704592' class=' answer'><span>Logistics and installation<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440548[]' id='answer-id-1704593' class='answer   answerof-440548 ' value='1704593'   \/><label for='answer-id-1704593' id='answer-label-1704593' class=' answer'><span>Available substitute<\/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-440549'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>31. <\/span>1.A company uses eight different floor cleaning products at different premises and has decided to standardise on just one. This product is available from a large number of suppliers. <br \/>\r<br>What benefits <br \/>\r<br>should the company expect to achieve?<\/div><input type='hidden' name='question_id[]' id='qID_31' value='440549' \/><input type='hidden' id='answerType440549' 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-440549[]' id='answer-id-1704594' class='answer   answerof-440549 ' value='1704594'   \/><label for='answer-id-1704594' id='answer-label-1704594' class=' answer'><span>Lower costs<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440549[]' id='answer-id-1704595' class='answer   answerof-440549 ' value='1704595'   \/><label for='answer-id-1704595' id='answer-label-1704595' class=' answer'><span>Fewer staff<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440549[]' id='answer-id-1704596' class='answer   answerof-440549 ' value='1704596'   \/><label for='answer-id-1704596' id='answer-label-1704596' class=' answer'><span>Increased stock levels<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440549[]' id='answer-id-1704597' class='answer   answerof-440549 ' value='1704597'   \/><label for='answer-id-1704597' id='answer-label-1704597' class=' answer'><span>Increased costs<\/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-440550'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>32. <\/span>Which of the following bodies provides standards for the products and services in the US?<\/div><input type='hidden' name='question_id[]' id='qID_32' value='440550' \/><input type='hidden' id='answerType440550' 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-440550[]' id='answer-id-1704598' class='answer   answerof-440550 ' value='1704598'   \/><label for='answer-id-1704598' id='answer-label-1704598' class=' answer'><span>ISO<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440550[]' id='answer-id-1704599' class='answer   answerof-440550 ' value='1704599'   \/><label for='answer-id-1704599' id='answer-label-1704599' class=' answer'><span>ANSI<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440550[]' id='answer-id-1704600' class='answer   answerof-440550 ' value='1704600'   \/><label for='answer-id-1704600' id='answer-label-1704600' class=' answer'><span>AFNOR<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440550[]' id='answer-id-1704601' class='answer   answerof-440550 ' value='1704601'   \/><label for='answer-id-1704601' id='answer-label-1704601' class=' answer'><span>BSI<\/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-440551'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>33. <\/span>A UK engineering company imports more than 75% of its products from the USA. The finance manager is creating the budget for next year and has told the procurement manager that, to do this, finance simply add a published inflation index to prices paid last year. <br \/>\r<br>Is this a way for a business to precisely predict prices for next year?<\/div><input type='hidden' name='question_id[]' id='qID_33' value='440551' \/><input type='hidden' id='answerType440551' 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-440551[]' id='answer-id-1704602' class='answer   answerof-440551 ' value='1704602'   \/><label for='answer-id-1704602' id='answer-label-1704602' class=' answer'><span>No, an inflation index may include retail products and services which are not relevant<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440551[]' id='answer-id-1704603' class='answer   answerof-440551 ' value='1704603'   \/><label for='answer-id-1704603' id='answer-label-1704603' class=' answer'><span>No, an inflation index is less accurate than a price adjustment formula<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440551[]' id='answer-id-1704604' class='answer   answerof-440551 ' value='1704604'   \/><label for='answer-id-1704604' id='answer-label-1704604' class=' answer'><span>Yes, an inflation index is a realistic way to see if industrial prices are increasing<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440551[]' id='answer-id-1704605' class='answer   answerof-440551 ' value='1704605'   \/><label for='answer-id-1704605' id='answer-label-1704605' class=' answer'><span>Yes, an inflation index is a quick way to check how prices are increasing<\/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-440552'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>34. <\/span>Which of the following are recognised competitive strategies? <br \/>\r<br>1. Winning new business at all cost <br \/>\r<br>2. Getting more customers\u2019 attention <br \/>\r<br>3. Creating stand-out products and brands <br \/>\r<br>4. Focusing on niche market <br \/>\r<br>5. Acquiring competitors<\/div><input type='hidden' name='question_id[]' id='qID_34' value='440552' \/><input type='hidden' id='answerType440552' 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-440552[]' id='answer-id-1704606' class='answer   answerof-440552 ' value='1704606'   \/><label for='answer-id-1704606' id='answer-label-1704606' class=' answer'><span>3 and 4 only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440552[]' id='answer-id-1704607' class='answer   answerof-440552 ' value='1704607'   \/><label for='answer-id-1704607' id='answer-label-1704607' class=' answer'><span>3 and 5 only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440552[]' id='answer-id-1704608' class='answer   answerof-440552 ' value='1704608'   \/><label for='answer-id-1704608' id='answer-label-1704608' class=' answer'><span>1 and 2 only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440552[]' id='answer-id-1704609' class='answer   answerof-440552 ' value='1704609'   \/><label for='answer-id-1704609' id='answer-label-1704609' class=' answer'><span>2 and 5 only<\/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-440553'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>35. <\/span>Which of the following are examples of environmental and social criteria in supplier tender evaluation? <br \/>\r<br>1. Compliance with labour standards <br \/>\r<br>2. Carbon footprint measures <br \/>\r<br>3. Compliance with technical specification <br \/>\r<br>4. After-sales maintenance service levels<\/div><input type='hidden' name='question_id[]' id='qID_35' value='440553' \/><input type='hidden' id='answerType440553' 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-440553[]' id='answer-id-1704610' class='answer   answerof-440553 ' value='1704610'   \/><label for='answer-id-1704610' id='answer-label-1704610' class=' answer'><span>1 and 2 only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440553[]' id='answer-id-1704611' class='answer   answerof-440553 ' value='1704611'   \/><label for='answer-id-1704611' id='answer-label-1704611' class=' answer'><span>2 and 4 only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440553[]' id='answer-id-1704612' class='answer   answerof-440553 ' value='1704612'   \/><label for='answer-id-1704612' id='answer-label-1704612' class=' answer'><span>3 and 4 only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440553[]' id='answer-id-1704613' class='answer   answerof-440553 ' value='1704613'   \/><label for='answer-id-1704613' id='answer-label-1704613' class=' answer'><span>1 and 3 only<\/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-440554'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>36. <\/span>Sealines Inc is developing its fleet of cargo ships. The company is planning to build a new ship powered by natural gas. Brian, the procurement manager at Sealines, suggests the project team to develop a through-life specification before engaging with the supplier. <br \/>\r<br>Is this a correct approach?<\/div><input type='hidden' name='question_id[]' id='qID_36' value='440554' \/><input type='hidden' id='answerType440554' 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-440554[]' id='answer-id-1704614' class='answer   answerof-440554 ' value='1704614'   \/><label for='answer-id-1704614' id='answer-label-1704614' class=' answer'><span>Yes, decommissioning and disposal costs will not be accounted in this approach<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440554[]' id='answer-id-1704615' class='answer   answerof-440554 ' value='1704615'   \/><label for='answer-id-1704615' id='answer-label-1704615' class=' answer'><span>Yes, this approach will lower the total cost of ownership<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440554[]' id='answer-id-1704616' class='answer   answerof-440554 ' value='1704616'   \/><label for='answer-id-1704616' id='answer-label-1704616' class=' answer'><span>No, a ship is used only once, through-life management is unnecessary<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440554[]' id='answer-id-1704617' class='answer   answerof-440554 ' value='1704617'   \/><label for='answer-id-1704617' id='answer-label-1704617' class=' answer'><span>No, the company just needs to select the lowest bidder<\/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-440555'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>37. <\/span>As the lead procurement manager you have been asked to compile a business case for a large project. <br \/>\r<br>Which of the following should you include in the business case? <br \/>\r<br>1. Costs and risks <br \/>\r<br>2. List of large suppliers <br \/>\r<br>3. Business benefits <br \/>\r<br>4. Informal recommendation<\/div><input type='hidden' name='question_id[]' id='qID_37' value='440555' \/><input type='hidden' id='answerType440555' 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-440555[]' id='answer-id-1704618' class='answer   answerof-440555 ' value='1704618'   \/><label for='answer-id-1704618' id='answer-label-1704618' class=' answer'><span>1 and 3 only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440555[]' id='answer-id-1704619' class='answer   answerof-440555 ' value='1704619'   \/><label for='answer-id-1704619' id='answer-label-1704619' class=' answer'><span>2 and 4 only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440555[]' id='answer-id-1704620' class='answer   answerof-440555 ' value='1704620'   \/><label for='answer-id-1704620' id='answer-label-1704620' class=' answer'><span>1 and 4 only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440555[]' id='answer-id-1704621' class='answer   answerof-440555 ' value='1704621'   \/><label for='answer-id-1704621' id='answer-label-1704621' class=' answer'><span>2 and 3 only<\/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-440556'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>38. <\/span>OMK is a Russian steel firm that is expanding market abroad. It plans to build a steel plant in a foreign country. Due to intricate technical requirements, the plant design will be very complex. Procurement department or technical department alone cannot draft the specification. OMK senior management decides that this task must be treated as a project. <br \/>\r<br>Which of the following should be done before writing the specification for new steel plant?<\/div><input type='hidden' name='question_id[]' id='qID_38' value='440556' \/><input type='hidden' id='answerType440556' 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-440556[]' id='answer-id-1704622' class='answer   answerof-440556 ' value='1704622'   \/><label for='answer-id-1704622' id='answer-label-1704622' class=' answer'><span>Develop the performance framework for the supplier<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440556[]' id='answer-id-1704623' class='answer   answerof-440556 ' value='1704623'   \/><label for='answer-id-1704623' id='answer-label-1704623' class=' answer'><span>Draft the terms and conditions for plant construction contract<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440556[]' id='answer-id-1704624' class='answer   answerof-440556 ' value='1704624'   \/><label for='answer-id-1704624' id='answer-label-1704624' class=' answer'><span>Invite suppliers to the tendering process<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440556[]' id='answer-id-1704625' class='answer   answerof-440556 ' value='1704625'   \/><label for='answer-id-1704625' id='answer-label-1704625' class=' answer'><span>Develop project initial document<\/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-440557'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>39. <\/span>The bargaining strength of suppliers is likely to be high in which of the following situations? (Select TWO)<\/div><input type='hidden' name='question_id[]' id='qID_39' value='440557' \/><input type='hidden' id='answerType440557' 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-440557[]' id='answer-id-1704626' class='answer   answerof-440557 ' value='1704626'   \/><label for='answer-id-1704626' id='answer-label-1704626' class=' answer'><span>The buyer\u2019s spend is a high proportion of the supplier\u2019s revenue<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440557[]' id='answer-id-1704627' class='answer   answerof-440557 ' value='1704627'   \/><label for='answer-id-1704627' id='answer-label-1704627' class=' answer'><span>The buyer\u2019s requirement is urgent<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440557[]' id='answer-id-1704628' class='answer   answerof-440557 ' value='1704628'   \/><label for='answer-id-1704628' id='answer-label-1704628' class=' answer'><span>The buyer is educated on supply markets<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440557[]' id='answer-id-1704629' class='answer   answerof-440557 ' value='1704629'   \/><label for='answer-id-1704629' id='answer-label-1704629' class=' answer'><span>The buyer is large in size relative to the supplier<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440557[]' id='answer-id-1704630' class='answer   answerof-440557 ' value='1704630'   \/><label for='answer-id-1704630' id='answer-label-1704630' class=' answer'><span>There is a limited number of suppliers in relation to buyers<\/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-440558'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>40. <\/span>A department is writing a business case for an expensive capital purchase. <br \/>\r<br>What should be included? <br \/>\r<br>1. Terms and conditions of contract <br \/>\r<br>2. Tender evaluation criteria <br \/>\r<br>3. Degree of added value <br \/>\r<br>4. Financial plan<\/div><input type='hidden' name='question_id[]' id='qID_40' value='440558' \/><input type='hidden' id='answerType440558' 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-440558[]' id='answer-id-1704631' class='answer   answerof-440558 ' value='1704631'   \/><label for='answer-id-1704631' id='answer-label-1704631' class=' answer'><span>1 and 2 only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440558[]' id='answer-id-1704632' class='answer   answerof-440558 ' value='1704632'   \/><label for='answer-id-1704632' id='answer-label-1704632' class=' answer'><span>2 and 3 only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440558[]' id='answer-id-1704633' class='answer   answerof-440558 ' value='1704633'   \/><label for='answer-id-1704633' id='answer-label-1704633' class=' answer'><span>3 and 4 only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440558[]' id='answer-id-1704634' class='answer   answerof-440558 ' value='1704634'   \/><label for='answer-id-1704634' id='answer-label-1704634' class=' answer'><span>1 and 4 only<\/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=\"watuPROButtons11200\" >\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>CIPS <a href=\"https:\/\/www.dumpsbase.com\/freedumps\/reading-l4m2-free-dumps-part-3-q81-q120-online-check-the-quality-of-l4m2-dumps-v10-02-and-download-the-full-version.html\"><span style=\"background-color: #ffcc00;\"><em>L4M2 free dumps (Part 3, Q81-Q120) of V10.02<\/em><\/span><\/a> are also available here.<\/h3>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Using the L4M2 exam dumps (V10.02) is a trusted solution for Defining Business Needs exam success. It can make your L4M2 exam journey much easier and more effective. DumpsBase brings you carefully designed dumps that serve as a reliable source to cover all key exam areas with clarity and accuracy. Furthermore, these L4M2 dumps are [&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":[20537,14694],"class_list":["post-115643","post","type-post","status-publish","format-standard","hentry","category-cips","category-cips-level-4-diploma-in-procurement-and-supply","tag-defining-business-needs-exam","tag-l4m2-dumps"],"_links":{"self":[{"href":"https:\/\/www.dumpsbase.com\/freedumps\/wp-json\/wp\/v2\/posts\/115643","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=115643"}],"version-history":[{"count":3,"href":"https:\/\/www.dumpsbase.com\/freedumps\/wp-json\/wp\/v2\/posts\/115643\/revisions"}],"predecessor-version":[{"id":115822,"href":"https:\/\/www.dumpsbase.com\/freedumps\/wp-json\/wp\/v2\/posts\/115643\/revisions\/115822"}],"wp:attachment":[{"href":"https:\/\/www.dumpsbase.com\/freedumps\/wp-json\/wp\/v2\/media?parent=115643"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.dumpsbase.com\/freedumps\/wp-json\/wp\/v2\/categories?post=115643"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.dumpsbase.com\/freedumps\/wp-json\/wp\/v2\/tags?post=115643"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}