{"id":115819,"date":"2025-12-09T03:31:37","date_gmt":"2025-12-09T03:31:37","guid":{"rendered":"https:\/\/www.dumpsbase.com\/freedumps\/?p=115819"},"modified":"2025-12-09T03:31:37","modified_gmt":"2025-12-09T03:31:37","slug":"reading-l4m2-free-dumps-part-3-q81-q120-online-check-the-quality-of-l4m2-dumps-v10-02-and-download-the-full-version","status":"publish","type":"post","link":"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","title":{"rendered":"Reading L4M2 Free Dumps (Part 3, Q81-Q120) Online: Check the Quality of L4M2 Dumps (V10.02) and Download the Full Version"},"content":{"rendered":"<p>If you\u2019re getting ready to sit for the CIPS Level 4 Defining Business Needs (L4M2) exam, you can come to DumpsBase and download the L4M2 dumps (V10.02) as your preparation resources. With a strong history of supporting professionals in passing their L4M2 exam, you can trust that DumpsBase is a reliable platform to ensure your success. Every part of the L4M2 dumps (V10.02) is built to simplify advanced concepts and improve learning effectiveness. You can read our free dumps first to verify the quality:<\/p>\n<ul>\n<li><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>L4M2 free dumps (Part 1, Q1-Q40) of V10.02<\/em><\/a><\/li>\n<li><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\"><em>L4M2 free dumps (Part 2, Q41-Q80) of V10.02<\/em><\/a><\/li>\n<\/ul>\n<p>From these free dumps, you can decide that the L4M2 dumps (V10.02) are valuable. With DumpsBase, you benefit from a flexible and modern study solution. The L4M2 PDF dumps are ready for immediate download, making it easy to access your materials from anywhere in the world. Also, we have software that mirrors the real test environment, with thoroughly crafted questions and answers that align closely with the actual exam. Today, we will continue to share free dumps online, then you can trust DumpsBase to be helpful.<\/p>\n<p><!-- notionvc: c6812dd9-f034-4e78-8fa8-a83c655f305c --><\/p>\n<h2>Below are the <span style=\"background-color: #ffff99;\"><em>L4M2 free dumps (Part 3, Q81-Q120) of V10.02<\/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=\"submittingExam11201\" 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-11201\"><\/div>\n\n<form action=\"\" method=\"post\" class=\"quiz-form\" id=\"quiz-11201\"  enctype=\"multipart\/form-data\" >\n<div class='watu-question ' id='question-1' style=';'><div id='questionWrap-1'  class='   watupro-question-id-440559'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>1. <\/span>Which of the following will help the bargaining strength of a buyer? <br \/>\r<br>1. The buyer has the option to make the product in-house <br \/>\r<br>2. There are a limited number of suppliers available to the buyer <br \/>\r<br>3. The buyer\u2019s switching costs are high <br \/>\r<br>4. The buyer\u2019s spend is a high proportion of the supplier\u2019s revenue<\/div><input type='hidden' name='question_id[]' id='qID_1' value='440559' \/><input type='hidden' id='answerType440559' 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-440559[]' id='answer-id-1704635' class='answer   answerof-440559 ' value='1704635'   \/><label for='answer-id-1704635' id='answer-label-1704635' class=' answer'><span>1 and 2 only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440559[]' id='answer-id-1704636' class='answer   answerof-440559 ' value='1704636'   \/><label for='answer-id-1704636' id='answer-label-1704636' class=' answer'><span>2 and 4 only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440559[]' id='answer-id-1704637' class='answer   answerof-440559 ' value='1704637'   \/><label for='answer-id-1704637' id='answer-label-1704637' class=' answer'><span>1 and 4 only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440559[]' id='answer-id-1704638' class='answer   answerof-440559 ' value='1704638'   \/><label for='answer-id-1704638' id='answer-label-1704638' class=' answer'><span>2 and 3 only<\/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-440560'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>2. <\/span>As the lead procurement manager, you are asked to compile a business case for a large project. <br \/>\r<br>Which should be included? <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_2' value='440560' \/><input type='hidden' id='answerType440560' 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-440560[]' id='answer-id-1704639' class='answer   answerof-440560 ' value='1704639'   \/><label for='answer-id-1704639' id='answer-label-1704639' class=' answer'><span>1 and 3 only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440560[]' id='answer-id-1704640' class='answer   answerof-440560 ' value='1704640'   \/><label for='answer-id-1704640' id='answer-label-1704640' class=' answer'><span>2 and 4 only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440560[]' id='answer-id-1704641' class='answer   answerof-440560 ' value='1704641'   \/><label for='answer-id-1704641' id='answer-label-1704641' class=' answer'><span>1 and 4 only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440560[]' id='answer-id-1704642' class='answer   answerof-440560 ' value='1704642'   \/><label for='answer-id-1704642' id='answer-label-1704642' class=' answer'><span>2 and 3 only<\/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-440561'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>3. <\/span>After a project, the procurement team at CLK Ltd meets up and summarises on the performance. They see that they actually spent $5,000 less than planned budget. The team tries to identifies why there is such difference. <br \/>\r<br>This activity is known as...?<\/div><input type='hidden' name='question_id[]' id='qID_3' value='440561' \/><input type='hidden' id='answerType440561' 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-440561[]' id='answer-id-1704643' class='answer   answerof-440561 ' value='1704643'   \/><label for='answer-id-1704643' id='answer-label-1704643' class=' answer'><span>Cash flow analysis<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440561[]' id='answer-id-1704644' class='answer   answerof-440561 ' value='1704644'   \/><label for='answer-id-1704644' id='answer-label-1704644' class=' answer'><span>Variance analysis<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440561[]' id='answer-id-1704645' class='answer   answerof-440561 ' value='1704645'   \/><label for='answer-id-1704645' id='answer-label-1704645' class=' answer'><span>Rolling budget<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440561[]' id='answer-id-1704646' class='answer   answerof-440561 ' value='1704646'   \/><label for='answer-id-1704646' id='answer-label-1704646' class=' answer'><span>Cost modelling<\/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-440562'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>4. <\/span>Which of the following is an environmental criterion that can be included when drafting a specification for new machinery?<\/div><input type='hidden' name='question_id[]' id='qID_4' value='440562' \/><input type='hidden' id='answerType440562' 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-440562[]' id='answer-id-1704647' class='answer   answerof-440562 ' value='1704647'   \/><label for='answer-id-1704647' id='answer-label-1704647' class=' answer'><span>The brand name of the preferred machinery<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440562[]' id='answer-id-1704648' class='answer   answerof-440562 ' value='1704648'   \/><label for='answer-id-1704648' id='answer-label-1704648' class=' answer'><span>The emissions produced by the equipment<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440562[]' id='answer-id-1704649' class='answer   answerof-440562 ' value='1704649'   \/><label for='answer-id-1704649' id='answer-label-1704649' class=' answer'><span>The location of the manufacturing plant<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440562[]' id='answer-id-1704650' class='answer   answerof-440562 ' value='1704650'   \/><label for='answer-id-1704650' id='answer-label-1704650' class=' answer'><span>The home country of the supplier<\/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-440563'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>5. <\/span>Raheem, Head of Procurement, uses a performance specification for a new intelligent patient record IT system. Is this correct?<\/div><input type='hidden' name='question_id[]' id='qID_5' value='440563' \/><input type='hidden' id='answerType440563' 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-440563[]' id='answer-id-1704651' class='answer   answerof-440563 ' value='1704651'   \/><label for='answer-id-1704651' id='answer-label-1704651' 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-440563[]' id='answer-id-1704652' class='answer   answerof-440563 ' value='1704652'   \/><label for='answer-id-1704652' id='answer-label-1704652' 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-440563[]' id='answer-id-1704653' class='answer   answerof-440563 ' value='1704653'   \/><label for='answer-id-1704653' id='answer-label-1704653' 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-440563[]' id='answer-id-1704654' class='answer   answerof-440563 ' value='1704654'   \/><label for='answer-id-1704654' id='answer-label-1704654' class=' answer'><span>No, as it will take too long to acquire the system<\/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-440564'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>6. <\/span>A procurement manager includes provision on recovery from natural disaster into a through-life specification. Some suppliers suppose that provision is unnecessary. <br \/>\r<br>Is procurement manager\u2019s action justified?<\/div><input type='hidden' name='question_id[]' id='qID_6' value='440564' \/><input type='hidden' id='answerType440564' 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-440564[]' id='answer-id-1704655' class='answer   answerof-440564 ' value='1704655'   \/><label for='answer-id-1704655' id='answer-label-1704655' class=' answer'><span>No, because with current technology, natural disaster can\u2019t disrupt supply chain.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440564[]' id='answer-id-1704656' class='answer   answerof-440564 ' value='1704656'   \/><label for='answer-id-1704656' id='answer-label-1704656' class=' answer'><span>Yes, because natural disaster may cause risks in organisation\u2019s supply chain<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440564[]' id='answer-id-1704657' class='answer   answerof-440564 ' value='1704657'   \/><label for='answer-id-1704657' id='answer-label-1704657' class=' answer'><span>Yes, because the regulations require contract to have recovery provision<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440564[]' id='answer-id-1704658' class='answer   answerof-440564 ' value='1704658'   \/><label for='answer-id-1704658' id='answer-label-1704658' class=' answer'><span>No, because this provision will incur unnecessary cost to supplier<\/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-440565'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>7. <\/span>Daytona Ltd is developing a new product which is more environmental friendly. Though the objectives are set, the project team has no idea on which functions will be customers' favourites. <br \/>\r<br>Which of the following will help them decide the 'should-have' functions of the new product?<\/div><input type='hidden' name='question_id[]' id='qID_7' value='440565' \/><input type='hidden' id='answerType440565' 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-440565[]' id='answer-id-1704659' class='answer   answerof-440565 ' value='1704659'   \/><label for='answer-id-1704659' id='answer-label-1704659' class=' answer'><span>Kano model<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440565[]' id='answer-id-1704660' class='answer   answerof-440565 ' value='1704660'   \/><label for='answer-id-1704660' id='answer-label-1704660' class=' answer'><span>Taguchi method<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440565[]' id='answer-id-1704661' class='answer   answerof-440565 ' value='1704661'   \/><label for='answer-id-1704661' id='answer-label-1704661' class=' answer'><span>Thomas-Kilmann model<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440565[]' id='answer-id-1704662' class='answer   answerof-440565 ' value='1704662'   \/><label for='answer-id-1704662' id='answer-label-1704662' class=' answer'><span>Six Sigma<\/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-440566'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>8. <\/span>Which of the following may allow suppliers free to choose the materials, manufacturing process or delivery process?<\/div><input type='hidden' name='question_id[]' id='qID_8' value='440566' \/><input type='hidden' id='answerType440566' 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-440566[]' id='answer-id-1704663' class='answer   answerof-440566 ' value='1704663'   \/><label for='answer-id-1704663' id='answer-label-1704663' class=' answer'><span>Performance specification<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440566[]' id='answer-id-1704664' class='answer   answerof-440566 ' value='1704664'   \/><label for='answer-id-1704664' id='answer-label-1704664' class=' answer'><span>Design specification<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440566[]' id='answer-id-1704665' class='answer   answerof-440566 ' value='1704665'   \/><label for='answer-id-1704665' id='answer-label-1704665' class=' answer'><span>Technical specifications<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440566[]' id='answer-id-1704666' class='answer   answerof-440566 ' value='1704666'   \/><label for='answer-id-1704666' id='answer-label-1704666' class=' answer'><span>Conformance specification<\/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-440567'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>9. <\/span>A procurement manager is supporting operational colleagues in writing a specification for an existing product. They analyse existing functions, processes, costs, and value added. <br \/>\r<br>What is this an example of?<\/div><input type='hidden' name='question_id[]' id='qID_9' value='440567' \/><input type='hidden' id='answerType440567' 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-440567[]' id='answer-id-1704667' class='answer   answerof-440567 ' value='1704667'   \/><label for='answer-id-1704667' id='answer-label-1704667' class=' answer'><span>Value procurement<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440567[]' id='answer-id-1704668' class='answer   answerof-440567 ' value='1704668'   \/><label for='answer-id-1704668' id='answer-label-1704668' class=' answer'><span>Value chain<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440567[]' id='answer-id-1704669' class='answer   answerof-440567 ' value='1704669'   \/><label for='answer-id-1704669' id='answer-label-1704669' class=' answer'><span>Value analysis<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440567[]' id='answer-id-1704670' class='answer   answerof-440567 ' value='1704670'   \/><label for='answer-id-1704670' id='answer-label-1704670' class=' answer'><span>Value engineering<\/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-440568'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>10. <\/span>Which of the following events would increase the number of suppliers in a particular market?<\/div><input type='hidden' name='question_id[]' id='qID_10' value='440568' \/><input type='hidden' id='answerType440568' 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-440568[]' id='answer-id-1704671' class='answer   answerof-440568 ' value='1704671'   \/><label for='answer-id-1704671' id='answer-label-1704671' class=' answer'><span>Introduction of minimum wage regulations<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440568[]' id='answer-id-1704672' class='answer   answerof-440568 ' value='1704672'   \/><label for='answer-id-1704672' id='answer-label-1704672' class=' answer'><span>High and increasing levels of investment required to enter the market<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440568[]' id='answer-id-1704673' class='answer   answerof-440568 ' value='1704673'   \/><label for='answer-id-1704673' id='answer-label-1704673' class=' answer'><span>Requirement for all companies to have 10,000 or more employees<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440568[]' id='answer-id-1704674' class='answer   answerof-440568 ' value='1704674'   \/><label for='answer-id-1704674' id='answer-label-1704674' class=' answer'><span>De-regulation of a previously government-run industry<\/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-440569'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>11. <\/span>What is the document that defines the activities, deliverables and timelines a supplier must carry out during contract performance?<\/div><input type='hidden' name='question_id[]' id='qID_11' value='440569' \/><input type='hidden' id='answerType440569' 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-440569[]' id='answer-id-1704675' class='answer   answerof-440569 ' value='1704675'   \/><label for='answer-id-1704675' id='answer-label-1704675' class=' answer'><span>Statement of work<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440569[]' id='answer-id-1704676' class='answer   answerof-440569 ' value='1704676'   \/><label for='answer-id-1704676' id='answer-label-1704676' class=' answer'><span>Project initial document<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440569[]' id='answer-id-1704677' class='answer   answerof-440569 ' value='1704677'   \/><label for='answer-id-1704677' id='answer-label-1704677' class=' answer'><span>Framework agreement<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440569[]' id='answer-id-1704678' class='answer   answerof-440569 ' value='1704678'   \/><label for='answer-id-1704678' id='answer-label-1704678' class=' answer'><span>Work instruction<\/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-440570'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>12. <\/span>Simon has received a requisition for a product identical to one already purchased, but this time the product requires specific customer-branded packaging. <br \/>\r<br>What type of purchase is this?<\/div><input type='hidden' name='question_id[]' id='qID_12' value='440570' \/><input type='hidden' id='answerType440570' 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-440570[]' id='answer-id-1704679' class='answer   answerof-440570 ' value='1704679'   \/><label for='answer-id-1704679' id='answer-label-1704679' class=' answer'><span>Unmodified re-buy<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440570[]' id='answer-id-1704680' class='answer   answerof-440570 ' value='1704680'   \/><label for='answer-id-1704680' id='answer-label-1704680' class=' answer'><span>New buy<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440570[]' id='answer-id-1704681' class='answer   answerof-440570 ' value='1704681'   \/><label for='answer-id-1704681' id='answer-label-1704681' class=' answer'><span>Modified re-buy<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440570[]' id='answer-id-1704682' class='answer   answerof-440570 ' value='1704682'   \/><label for='answer-id-1704682' id='answer-label-1704682' class=' answer'><span>Straight re-buy<\/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-440571'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>13. <\/span>EV Inc is facing the following challenges: <br \/>\r<br>1. The capital investment is enormous. <br \/>\r<br>2. Most of company's working capital is in form of inventories, which include raw materials, work-in-progress and finished goods. <br \/>\r<br>3. Competitors are increasingly deploying robotics and automation to boost productivity. <br \/>\r<br>Which of the below business sectors does EV Inc belong to?<\/div><input type='hidden' name='question_id[]' id='qID_13' value='440571' \/><input type='hidden' id='answerType440571' 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-440571[]' id='answer-id-1704683' class='answer   answerof-440571 ' value='1704683'   \/><label for='answer-id-1704683' id='answer-label-1704683' class=' answer'><span>Construction<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440571[]' id='answer-id-1704684' class='answer   answerof-440571 ' value='1704684'   \/><label for='answer-id-1704684' id='answer-label-1704684' class=' answer'><span>Manufacturing<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440571[]' id='answer-id-1704685' class='answer   answerof-440571 ' value='1704685'   \/><label for='answer-id-1704685' id='answer-label-1704685' class=' answer'><span>Financial services<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440571[]' id='answer-id-1704686' class='answer   answerof-440571 ' value='1704686'   \/><label for='answer-id-1704686' id='answer-label-1704686' class=' answer'><span>Retails<\/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-440572'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>14. <\/span>A procurement manager is writing a conformance specification for a non-core component. She thinks that if the requirements in specification are higher than ISO standards, her company can achieve greater cost-savings. <br \/>\r<br>Is the procurement manager\u2019s opinion correct?<\/div><input type='hidden' name='question_id[]' id='qID_14' value='440572' \/><input type='hidden' id='answerType440572' 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-440572[]' id='answer-id-1704687' class='answer   answerof-440572 ' value='1704687'   \/><label for='answer-id-1704687' id='answer-label-1704687' class=' answer'><span>No, because higher specification may incur additional costs for the buyer<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440572[]' id='answer-id-1704688' class='answer   answerof-440572 ' value='1704688'   \/><label for='answer-id-1704688' id='answer-label-1704688' class=' answer'><span>No, because higher requirements in specification, the greater bargaining power of buying organisation<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440572[]' id='answer-id-1704689' class='answer   answerof-440572 ' value='1704689'   \/><label for='answer-id-1704689' id='answer-label-1704689' class=' answer'><span>Yes, because optimising the specification is the only method to achieve value for money<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440572[]' id='answer-id-1704690' class='answer   answerof-440572 ' value='1704690'   \/><label for='answer-id-1704690' id='answer-label-1704690' class=' answer'><span>Yes, because higher requirements will help buying organisation find the best 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-440573'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>15. <\/span>Azram, a procurement analyst, has been tasked with applying whole life asset management when purchasing laboratory equipment. Was this the correct course of action?<\/div><input type='hidden' name='question_id[]' id='qID_15' value='440573' \/><input type='hidden' id='answerType440573' 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-440573[]' id='answer-id-1704691' class='answer   answerof-440573 ' value='1704691'   \/><label for='answer-id-1704691' id='answer-label-1704691' class=' answer'><span>Yes, because this focuses only on the price of the equipment<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440573[]' id='answer-id-1704692' class='answer   answerof-440573 ' value='1704692'   \/><label for='answer-id-1704692' id='answer-label-1704692' class=' answer'><span>Yes, because this considers all associated costs<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440573[]' id='answer-id-1704693' class='answer   answerof-440573 ' value='1704693'   \/><label for='answer-id-1704693' id='answer-label-1704693' class=' answer'><span>No, because this considers the costs of quality<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440573[]' id='answer-id-1704694' class='answer   answerof-440573 ' value='1704694'   \/><label for='answer-id-1704694' id='answer-label-1704694' class=' answer'><span>No, because this covers various transactional 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-440574'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>16. <\/span>Housing Ltd is inviting a number of contractors to a tender for the construction of a commercial building. In the attachment to the invitation to tender, there is a document which describes the re-quired materials and installation methods. <br \/>\r<br>This document is known as...?<\/div><input type='hidden' name='question_id[]' id='qID_16' value='440574' \/><input type='hidden' id='answerType440574' 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-440574[]' id='answer-id-1704695' class='answer   answerof-440574 ' value='1704695'   \/><label for='answer-id-1704695' id='answer-label-1704695' class=' answer'><span>Functional specification<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440574[]' id='answer-id-1704696' class='answer   answerof-440574 ' value='1704696'   \/><label for='answer-id-1704696' id='answer-label-1704696' class=' answer'><span>Prescriptive specification<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440574[]' id='answer-id-1704697' class='answer   answerof-440574 ' value='1704697'   \/><label for='answer-id-1704697' id='answer-label-1704697' class=' answer'><span>Drawings<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440574[]' id='answer-id-1704698' class='answer   answerof-440574 ' value='1704698'   \/><label for='answer-id-1704698' id='answer-label-1704698' class=' answer'><span>Performance specification<\/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-440575'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>17. <\/span>A market has many buyers and suppliers. Loyalty is low and switching is common. <br \/>\r<br>Which market characteristic supports this behaviour?<\/div><input type='hidden' name='question_id[]' id='qID_17' value='440575' \/><input type='hidden' id='answerType440575' 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-440575[]' id='answer-id-1704699' class='answer   answerof-440575 ' value='1704699'   \/><label for='answer-id-1704699' id='answer-label-1704699' class=' answer'><span>Supplier bargaining strength<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440575[]' id='answer-id-1704700' class='answer   answerof-440575 ' value='1704700'   \/><label for='answer-id-1704700' id='answer-label-1704700' class=' answer'><span>Increasing use of technology<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440575[]' id='answer-id-1704701' class='answer   answerof-440575 ' value='1704701'   \/><label for='answer-id-1704701' id='answer-label-1704701' class=' answer'><span>The availability of substitute products<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440575[]' id='answer-id-1704702' class='answer   answerof-440575 ' value='1704702'   \/><label for='answer-id-1704702' id='answer-label-1704702' class=' answer'><span>Barriers to market entry<\/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-440576'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>18. <\/span>Which of the following factors might prompt an organisation to procure an alternative product? Select THREE that apply:<\/div><input type='hidden' name='question_id[]' id='qID_18' value='440576' \/><input type='hidden' id='answerType440576' 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-440576[]' id='answer-id-1704703' class='answer   answerof-440576 ' value='1704703'   \/><label for='answer-id-1704703' id='answer-label-1704703' class=' answer'><span>Brand loyalty<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440576[]' id='answer-id-1704704' class='answer   answerof-440576 ' value='1704704'   \/><label for='answer-id-1704704' id='answer-label-1704704' class=' answer'><span>Relative value to money between options<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440576[]' id='answer-id-1704705' class='answer   answerof-440576 ' value='1704705'   \/><label for='answer-id-1704705' id='answer-label-1704705' class=' answer'><span>Buying organisation's propensities to change<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440576[]' id='answer-id-1704706' class='answer   answerof-440576 ' value='1704706'   \/><label for='answer-id-1704706' id='answer-label-1704706' class=' answer'><span>Easy access to distribution channel<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440576[]' id='answer-id-1704707' class='answer   answerof-440576 ' value='1704707'   \/><label for='answer-id-1704707' id='answer-label-1704707' class=' answer'><span>Threat of retaliation<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440576[]' id='answer-id-1704708' class='answer   answerof-440576 ' value='1704708'   \/><label for='answer-id-1704708' id='answer-label-1704708' class=' answer'><span>Switching cost<\/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-440577'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>19. <\/span>When analysing competitive forces in a market, which of the following indicate that a supplier has <br \/>\r<br>low bargaining power? (Select TWO)<\/div><input type='hidden' name='question_id[]' id='qID_19' value='440577' \/><input type='hidden' id='answerType440577' 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-440577[]' id='answer-id-1704709' class='answer   answerof-440577 ' value='1704709'   \/><label for='answer-id-1704709' id='answer-label-1704709' class=' answer'><span>Low competition in the marketplace<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440577[]' id='answer-id-1704710' class='answer   answerof-440577 ' value='1704710'   \/><label for='answer-id-1704710' id='answer-label-1704710' class=' answer'><span>A high number of substitutes available<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440577[]' id='answer-id-1704711' class='answer   answerof-440577 ' value='1704711'   \/><label for='answer-id-1704711' id='answer-label-1704711' class=' answer'><span>High quality products<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440577[]' id='answer-id-1704712' class='answer   answerof-440577 ' value='1704712'   \/><label for='answer-id-1704712' id='answer-label-1704712' class=' answer'><span>Low switching costs between products<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440577[]' id='answer-id-1704713' class='answer   answerof-440577 ' value='1704713'   \/><label for='answer-id-1704713' id='answer-label-1704713' class=' answer'><span>Low levels of innovation<\/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-440578'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>20. <\/span>Ymira is asked to develop the specification for water purifier which will be used at the company headquarter. She believes that the specification can be drafted based on the information available on the Internet, such as blog posts, comparison websites, how-to websites, life hacks, etc. <br \/>\r<br>Which of the following traits will make the information more useful?<\/div><input type='hidden' name='question_id[]' id='qID_20' value='440578' \/><input type='hidden' id='answerType440578' 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-440578[]' id='answer-id-1704714' class='answer   answerof-440578 ' value='1704714'   \/><label for='answer-id-1704714' id='answer-label-1704714' class=' answer'><span>Trustworthy sources<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440578[]' id='answer-id-1704715' class='answer   answerof-440578 ' value='1704715'   \/><label for='answer-id-1704715' id='answer-label-1704715' class=' answer'><span>Objectivity<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440578[]' id='answer-id-1704716' class='answer   answerof-440578 ' value='1704716'   \/><label for='answer-id-1704716' id='answer-label-1704716' class=' answer'><span>Subjectivity<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440578[]' id='answer-id-1704717' class='answer   answerof-440578 ' value='1704717'   \/><label for='answer-id-1704717' id='answer-label-1704717' class=' answer'><span>Written by inexperienced author<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440578[]' id='answer-id-1704718' class='answer   answerof-440578 ' value='1704718'   \/><label for='answer-id-1704718' id='answer-label-1704718' class=' answer'><span>Promotional information<\/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-440579'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>21. <\/span>Due to increasing demand, a local restaurant is requesting its fish vendor to supply larger quantity. <br \/>\r<br>The restaurant manager also asks the vendor whether it is possible to reduce the total price by 5%. <br \/>\r<br>This is known as...?<\/div><input type='hidden' name='question_id[]' id='qID_21' value='440579' \/><input type='hidden' id='answerType440579' 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-440579[]' id='answer-id-1704719' class='answer   answerof-440579 ' value='1704719'   \/><label for='answer-id-1704719' id='answer-label-1704719' class=' answer'><span>Straight rebuy<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440579[]' id='answer-id-1704720' class='answer   answerof-440579 ' value='1704720'   \/><label for='answer-id-1704720' id='answer-label-1704720' class=' answer'><span>Capital purchase<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440579[]' id='answer-id-1704721' class='answer   answerof-440579 ' value='1704721'   \/><label for='answer-id-1704721' id='answer-label-1704721' class=' answer'><span>Modified rebuy<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440579[]' id='answer-id-1704722' class='answer   answerof-440579 ' value='1704722'   \/><label for='answer-id-1704722' id='answer-label-1704722' class=' answer'><span>New purchase<\/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-440580'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>22. <\/span>A buyer can use sources of information to review indirect costs associated with the manufacture of goods to support negotiations. Is this statement true?<\/div><input type='hidden' name='question_id[]' id='qID_22' value='440580' \/><input type='hidden' id='answerType440580' 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-440580[]' id='answer-id-1704723' class='answer   answerof-440580 ' value='1704723'   \/><label for='answer-id-1704723' id='answer-label-1704723' class=' answer'><span>No, because the supplier\u2019s quotation is the only source of information<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440580[]' id='answer-id-1704724' class='answer   answerof-440580 ' value='1704724'   \/><label for='answer-id-1704724' id='answer-label-1704724' class=' answer'><span>Yes, because the buyer can understand the cost build-up of the goods<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440580[]' id='answer-id-1704725' class='answer   answerof-440580 ' value='1704725'   \/><label for='answer-id-1704725' id='answer-label-1704725' class=' answer'><span>No, because the only information available is for direct costs<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440580[]' id='answer-id-1704726' class='answer   answerof-440580 ' value='1704726'   \/><label for='answer-id-1704726' id='answer-label-1704726' class=' answer'><span>Yes, because indirect costs are always variable<\/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-440581'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>23. <\/span>A procurement team is categorising their purchased items into four quadrants of Kraljic's supply chain portfolio matrix. They realise that there are some low-value items which come from very few suppliers in the market. The organisation is critically dependent on these suppliers. The team plans to reduce the dependence by finding alternative sources. <br \/>\r<br>Is this a right course of action?<\/div><input type='hidden' name='question_id[]' id='qID_23' value='440581' \/><input type='hidden' id='answerType440581' 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-440581[]' id='answer-id-1704727' class='answer   answerof-440581 ' value='1704727'   \/><label for='answer-id-1704727' id='answer-label-1704727' class=' answer'><span>Yes, the organisation needs to reduce the supply risks<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440581[]' id='answer-id-1704728' class='answer   answerof-440581 ' value='1704728'   \/><label for='answer-id-1704728' id='answer-label-1704728' class=' answer'><span>No, the organisation should run competitive biddings to exploit the competition<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440581[]' id='answer-id-1704729' class='answer   answerof-440581 ' value='1704729'   \/><label for='answer-id-1704729' id='answer-label-1704729' class=' answer'><span>No, there is no way to escape this dependency<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440581[]' id='answer-id-1704730' class='answer   answerof-440581 ' value='1704730'   \/><label for='answer-id-1704730' id='answer-label-1704730' class=' answer'><span>Yes, this action will dramatically increase the supplier's bargaining power<\/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-440582'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>24. <\/span>Which of the following is the core of value analysis process?<\/div><input type='hidden' name='question_id[]' id='qID_24' value='440582' \/><input type='hidden' id='answerType440582' 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-440582[]' id='answer-id-1704731' class='answer   answerof-440582 ' value='1704731'   \/><label for='answer-id-1704731' id='answer-label-1704731' class=' answer'><span>Be creative<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440582[]' id='answer-id-1704732' class='answer   answerof-440582 ' value='1704732'   \/><label for='answer-id-1704732' id='answer-label-1704732' class=' answer'><span>Develop<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440582[]' id='answer-id-1704733' class='answer   answerof-440582 ' value='1704733'   \/><label for='answer-id-1704733' id='answer-label-1704733' class=' answer'><span>Evaluate<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440582[]' id='answer-id-1704734' class='answer   answerof-440582 ' value='1704734'   \/><label for='answer-id-1704734' id='answer-label-1704734' class=' answer'><span>Gather information<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440582[]' id='answer-id-1704735' class='answer   answerof-440582 ' value='1704735'   \/><label for='answer-id-1704735' id='answer-label-1704735' class=' answer'><span>Carry out functional analysis<\/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-440583'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>25. <\/span>When procuring a machinery, at which stage buyer must check whether it is working to the standards set out in the design specification?<\/div><input type='hidden' name='question_id[]' id='qID_25' value='440583' \/><input type='hidden' id='answerType440583' 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-440583[]' id='answer-id-1704736' class='answer   answerof-440583 ' value='1704736'   \/><label for='answer-id-1704736' id='answer-label-1704736' class=' answer'><span>Installation<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440583[]' id='answer-id-1704737' class='answer   answerof-440583 ' value='1704737'   \/><label for='answer-id-1704737' id='answer-label-1704737' class=' answer'><span>Maintenance and repair activities<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440583[]' id='answer-id-1704738' class='answer   answerof-440583 ' value='1704738'   \/><label for='answer-id-1704738' id='answer-label-1704738' class=' answer'><span>Customer support<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440583[]' id='answer-id-1704739' class='answer   answerof-440583 ' value='1704739'   \/><label for='answer-id-1704739' id='answer-label-1704739' class=' answer'><span>Manufacture<\/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-440584'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>26. <\/span>Why is the specification considered as the most important document in procurement?<\/div><input type='hidden' name='question_id[]' id='qID_26' value='440584' \/><input type='hidden' id='answerType440584' 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-440584[]' id='answer-id-1704740' class='answer   answerof-440584 ' value='1704740'   \/><label for='answer-id-1704740' id='answer-label-1704740' class=' answer'><span>It provides a mean to appraise the performance of supplier<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440584[]' id='answer-id-1704741' class='answer   answerof-440584 ' value='1704741'   \/><label for='answer-id-1704741' id='answer-label-1704741' class=' answer'><span>It helps the buyer to gain at supplier's loss<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440584[]' id='answer-id-1704742' class='answer   answerof-440584 ' value='1704742'   \/><label for='answer-id-1704742' id='answer-label-1704742' class=' answer'><span>It eliminates all possible supply risks<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440584[]' id='answer-id-1704743' class='answer   answerof-440584 ' value='1704743'   \/><label for='answer-id-1704743' id='answer-label-1704743' class=' answer'><span>It always shifts the balance of bargaining power in favour of the buyer<\/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-440585'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>27. <\/span>To strengthen its market presence, ABC Group decided to develop a new product. A cross-functional team was formed to discuss the scope and the functions of the product. They will also survey the potential customers to see what they like, what they love, and what they dislike. <br \/>\r<br>What is this process called?<\/div><input type='hidden' name='question_id[]' id='qID_27' value='440585' \/><input type='hidden' id='answerType440585' 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-440585[]' id='answer-id-1704744' class='answer   answerof-440585 ' value='1704744'   \/><label for='answer-id-1704744' id='answer-label-1704744' class=' answer'><span>Value analysis<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440585[]' id='answer-id-1704745' class='answer   answerof-440585 ' value='1704745'   \/><label for='answer-id-1704745' id='answer-label-1704745' class=' answer'><span>Cash flow analysis<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440585[]' id='answer-id-1704746' class='answer   answerof-440585 ' value='1704746'   \/><label for='answer-id-1704746' id='answer-label-1704746' class=' answer'><span>Product standardisation<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440585[]' id='answer-id-1704747' class='answer   answerof-440585 ' value='1704747'   \/><label for='answer-id-1704747' id='answer-label-1704747' class=' answer'><span>Value engineering<\/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-440586'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>28. <\/span>Which of the following might be the consequences of under-specification? Select TWO that apply:<\/div><input type='hidden' name='question_id[]' id='qID_28' value='440586' \/><input type='hidden' id='answerType440586' 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-440586[]' id='answer-id-1704748' class='answer   answerof-440586 ' value='1704748'   \/><label for='answer-id-1704748' id='answer-label-1704748' class=' answer'><span>Few suppliers can supply the full range of features<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440586[]' id='answer-id-1704749' class='answer   answerof-440586 ' value='1704749'   \/><label for='answer-id-1704749' id='answer-label-1704749' class=' answer'><span>Additional cost to rework<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440586[]' id='answer-id-1704750' class='answer   answerof-440586 ' value='1704750'   \/><label for='answer-id-1704750' id='answer-label-1704750' class=' answer'><span>Unfit products or services<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440586[]' id='answer-id-1704751' class='answer   answerof-440586 ' value='1704751'   \/><label for='answer-id-1704751' id='answer-label-1704751' class=' answer'><span>Poor competition between suppliers<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440586[]' id='answer-id-1704752' class='answer   answerof-440586 ' value='1704752'   \/><label for='answer-id-1704752' id='answer-label-1704752' class=' answer'><span>Higher cost due to inessential features<\/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-440587'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>29. <\/span>Dana is an automobile manufacturer. It has a new electrification strategy that aims at making eco-friendly electric pick-up trucks. To implement this strategy, the procurement department must source new categories of parts that make motors, sensors, solenoids and stators. He starts to analyse the market by identifying specific supply market segments for those parts and finding suppliers who have the best capabilities in those segment. He intends to segment the market based on specific features of the products. <br \/>\r<br>Which variable is used by Dana procurement manager to shape and <br \/>\r<br>manage supply market?<\/div><input type='hidden' name='question_id[]' id='qID_29' value='440587' \/><input type='hidden' id='answerType440587' 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-440587[]' id='answer-id-1704753' class='answer   answerof-440587 ' value='1704753'   \/><label for='answer-id-1704753' id='answer-label-1704753' class=' answer'><span>Buyer segments<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440587[]' id='answer-id-1704754' class='answer   answerof-440587 ' value='1704754'   \/><label for='answer-id-1704754' id='answer-label-1704754' class=' answer'><span>Channel segments<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440587[]' id='answer-id-1704755' class='answer   answerof-440587 ' value='1704755'   \/><label for='answer-id-1704755' id='answer-label-1704755' class=' answer'><span>Geographical segments<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440587[]' id='answer-id-1704756' class='answer   answerof-440587 ' value='1704756'   \/><label for='answer-id-1704756' id='answer-label-1704756' class=' answer'><span>Product segments<\/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-440588'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>30. <\/span>Which of the following is a risk to buying organization when using conformance specification?<\/div><input type='hidden' name='question_id[]' id='qID_30' value='440588' \/><input type='hidden' id='answerType440588' 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-440588[]' id='answer-id-1704757' class='answer   answerof-440588 ' value='1704757'   \/><label for='answer-id-1704757' id='answer-label-1704757' class=' answer'><span>Buyer is responsible for product failure<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440588[]' id='answer-id-1704758' class='answer   answerof-440588 ' value='1704758'   \/><label for='answer-id-1704758' id='answer-label-1704758' class=' answer'><span>Buyer may face liquidity risks<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440588[]' id='answer-id-1704759' class='answer   answerof-440588 ' value='1704759'   \/><label for='answer-id-1704759' id='answer-label-1704759' class=' answer'><span>Buyer cannot control the inputs<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440588[]' id='answer-id-1704760' class='answer   answerof-440588 ' value='1704760'   \/><label for='answer-id-1704760' id='answer-label-1704760' class=' answer'><span>Time to produce specification is shortened<\/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-440589'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>31. <\/span>At which stage of product life cycle, price competition between sellers will be the most intense?<\/div><input type='hidden' name='question_id[]' id='qID_31' value='440589' \/><input type='hidden' id='answerType440589' 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-440589[]' id='answer-id-1704761' class='answer   answerof-440589 ' value='1704761'   \/><label for='answer-id-1704761' id='answer-label-1704761' class=' answer'><span>Growth stage<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440589[]' id='answer-id-1704762' class='answer   answerof-440589 ' value='1704762'   \/><label for='answer-id-1704762' id='answer-label-1704762' class=' answer'><span>Introductory stage<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440589[]' id='answer-id-1704763' class='answer   answerof-440589 ' value='1704763'   \/><label for='answer-id-1704763' id='answer-label-1704763' class=' answer'><span>Maturity stage<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440589[]' id='answer-id-1704764' class='answer   answerof-440589 ' value='1704764'   \/><label for='answer-id-1704764' id='answer-label-1704764' class=' answer'><span>Decline stage<\/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-440590'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>32. <\/span>The buyer\u2019s database is regarded as a primary data source.<br \/>\r\n<br \/>\r\nWhich of the following is also a source of primary data?<\/div><input type='hidden' name='question_id[]' id='qID_32' value='440590' \/><input type='hidden' id='answerType440590' 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-440590[]' id='answer-id-1704765' class='answer   answerof-440590 ' value='1704765'   \/><label for='answer-id-1704765' id='answer-label-1704765' class=' answer'><span>Price lists collected from suppliers\u2019 representatives at trade fairs<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440590[]' id='answer-id-1719917' class='answer   answerof-440590 ' value='1719917'   \/><label for='answer-id-1719917' id='answer-label-1719917' class=' answer'><span>Price listings on comparison websites and market exchanges<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440590[]' id='answer-id-1719918' class='answer   answerof-440590 ' value='1719918'   \/><label for='answer-id-1719918' id='answer-label-1719918' class=' answer'><span>Published economic indices such as the retail price index (RPI)<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440590[]' id='answer-id-1719919' class='answer   answerof-440590 ' value='1719919'   \/><label for='answer-id-1719919' id='answer-label-1719919' class=' answer'><span>Financial and trade press, including journals published by professional bodies<\/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-440591'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>33. <\/span>FSB Group is developing a building specification that ensures fair labour practices and prioritises local employment. <br \/>\r<br>What type of sustainability criteria does this describe?<\/div><input type='hidden' name='question_id[]' id='qID_33' value='440591' \/><input type='hidden' id='answerType440591' 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-440591[]' id='answer-id-1704766' class='answer   answerof-440591 ' value='1704766'   \/><label for='answer-id-1704766' id='answer-label-1704766' class=' answer'><span>Environmental sustainability<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440591[]' id='answer-id-1704767' class='answer   answerof-440591 ' value='1704767'   \/><label for='answer-id-1704767' id='answer-label-1704767' class=' answer'><span>Economic sustainability<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440591[]' id='answer-id-1704768' class='answer   answerof-440591 ' value='1704768'   \/><label for='answer-id-1704768' id='answer-label-1704768' class=' answer'><span>Profit sustainability<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440591[]' id='answer-id-1704769' class='answer   answerof-440591 ' value='1704769'   \/><label for='answer-id-1704769' id='answer-label-1704769' class=' answer'><span>Social sustainability<\/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-440592'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>34. <\/span>Outcome specifications should be used when:<\/div><input type='hidden' name='question_id[]' id='qID_34' value='440592' \/><input type='hidden' id='answerType440592' 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-440592[]' id='answer-id-1704770' class='answer   answerof-440592 ' value='1704770'   \/><label for='answer-id-1704770' id='answer-label-1704770' class=' answer'><span>The quality of the goods is of no concern<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440592[]' id='answer-id-1704771' class='answer   answerof-440592 ' value='1704771'   \/><label for='answer-id-1704771' id='answer-label-1704771' class=' answer'><span>The specifying organisation has internal expertise in the design<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440592[]' id='answer-id-1704772' class='answer   answerof-440592 ' value='1704772'   \/><label for='answer-id-1704772' id='answer-label-1704772' class=' answer'><span>There are many ways to design the goods to reach the same performance result<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440592[]' id='answer-id-1704773' class='answer   answerof-440592 ' value='1704773'   \/><label for='answer-id-1704773' id='answer-label-1704773' class=' answer'><span>The specifying organisation wishes to use a branded good<\/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-440593'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>35. <\/span>A buyer can use sources of information to review indirect costs associated with the manufacture of goods to support supplier negotiations. Is this statement true?<\/div><input type='hidden' name='question_id[]' id='qID_35' value='440593' \/><input type='hidden' id='answerType440593' 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-440593[]' id='answer-id-1704774' class='answer   answerof-440593 ' value='1704774'   \/><label for='answer-id-1704774' id='answer-label-1704774' class=' answer'><span>No, because the supplier\u2019s quotation is the only source of information<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440593[]' id='answer-id-1704775' class='answer   answerof-440593 ' value='1704775'   \/><label for='answer-id-1704775' id='answer-label-1704775' class=' answer'><span>Yes, because the buyer can understand the cost build-up of the goods<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440593[]' id='answer-id-1704776' class='answer   answerof-440593 ' value='1704776'   \/><label for='answer-id-1704776' id='answer-label-1704776' class=' answer'><span>No, because the only information available is for direct costs<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440593[]' id='answer-id-1704777' class='answer   answerof-440593 ' value='1704777'   \/><label for='answer-id-1704777' id='answer-label-1704777' class=' answer'><span>Yes, because indirect costs are always variable<\/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-440594'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>36. <\/span>Which of the following would be an example of direct costs for a decorating contractor?<\/div><input type='hidden' name='question_id[]' id='qID_36' value='440594' \/><input type='hidden' id='answerType440594' 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-440594[]' id='answer-id-1704778' class='answer   answerof-440594 ' value='1704778'   \/><label for='answer-id-1704778' id='answer-label-1704778' class=' answer'><span>Paint<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440594[]' id='answer-id-1704779' class='answer   answerof-440594 ' value='1704779'   \/><label for='answer-id-1704779' id='answer-label-1704779' class=' answer'><span>Ladder<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440594[]' id='answer-id-1704780' class='answer   answerof-440594 ' value='1704780'   \/><label for='answer-id-1704780' id='answer-label-1704780' class=' answer'><span>Van<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440594[]' id='answer-id-1704781' class='answer   answerof-440594 ' value='1704781'   \/><label for='answer-id-1704781' id='answer-label-1704781' class=' answer'><span>Electricity<\/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-440595'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>37. <\/span>Which of the following problems may be identified as open-ended problems? Select TWO that apply:<\/div><input type='hidden' name='question_id[]' id='qID_37' value='440595' \/><input type='hidden' id='answerType440595' 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-440595[]' id='answer-id-1704782' class='answer   answerof-440595 ' value='1704782'   \/><label for='answer-id-1704782' id='answer-label-1704782' 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-440595[]' id='answer-id-1704783' class='answer   answerof-440595 ' value='1704783'   \/><label for='answer-id-1704783' id='answer-label-1704783' 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-440595[]' id='answer-id-1704784' class='answer   answerof-440595 ' value='1704784'   \/><label for='answer-id-1704784' id='answer-label-1704784' class=' answer'><span>Engine failures cause flight cancellations.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440595[]' id='answer-id-1704785' class='answer   answerof-440595 ' value='1704785'   \/><label for='answer-id-1704785' id='answer-label-1704785' 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-440595[]' id='answer-id-1704786' class='answer   answerof-440595 ' value='1704786'   \/><label for='answer-id-1704786' id='answer-label-1704786' 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-38' style=';'><div id='questionWrap-38'  class='   watupro-question-id-440596'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>38. <\/span>Which of the following is the best definition of target costing?<\/div><input type='hidden' name='question_id[]' id='qID_38' value='440596' \/><input type='hidden' id='answerType440596' 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-440596[]' id='answer-id-1704787' class='answer   answerof-440596 ' value='1704787'   \/><label for='answer-id-1704787' id='answer-label-1704787' class=' answer'><span>The net present cost of the purchase or project and all future revenues flowing from it discounted back to the present time.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440596[]' id='answer-id-1704788' class='answer   answerof-440596 ' value='1704788'   \/><label for='answer-id-1704788' id='answer-label-1704788' class=' answer'><span>The total of all costs in acquiring goods or services from the inception of the demand for them until their safe and satisfactory delivery at the point required.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440596[]' id='answer-id-1704789' class='answer   answerof-440596 ' value='1704789'   \/><label for='answer-id-1704789' id='answer-label-1704789' class=' answer'><span>The cost of a product after analysing its components step by step<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440596[]' id='answer-id-1704790' class='answer   answerof-440596 ' value='1704790'   \/><label for='answer-id-1704790' id='answer-label-1704790' class=' answer'><span>A product cost estimate derived from a competitive market price.<\/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-440597'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>39. <\/span>Which of the following factors are likely to be direct barriers to a new entrant in a supply market?<\/div><input type='hidden' name='question_id[]' id='qID_39' value='440597' \/><input type='hidden' id='answerType440597' 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-440597[]' id='answer-id-1704791' class='answer   answerof-440597 ' value='1704791'   \/><label for='answer-id-1704791' id='answer-label-1704791' class=' answer'><span>Threat of forward integration<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440597[]' id='answer-id-1704792' class='answer   answerof-440597 ' value='1704792'   \/><label for='answer-id-1704792' id='answer-label-1704792' class=' answer'><span>Value to price<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440597[]' id='answer-id-1704793' class='answer   answerof-440597 ' value='1704793'   \/><label for='answer-id-1704793' id='answer-label-1704793' class=' answer'><span>Brand identity<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440597[]' id='answer-id-1704794' class='answer   answerof-440597 ' value='1704794'   \/><label for='answer-id-1704794' id='answer-label-1704794' class=' answer'><span>Availability of substitutes<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440597[]' id='answer-id-1704795' class='answer   answerof-440597 ' value='1704795'   \/><label for='answer-id-1704795' id='answer-label-1704795' class=' answer'><span>Cost advantages<\/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-440598'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>40. <\/span>An automotive manufacturer is sourcing rubber components from Company A. The specification given to the supplier state that the component should be 1 meter long, without mentioning the tolerance. Enthusiast with the opportunity, engineers at Company A work hard to cut the components with tolerance at only +\/- 1mm. The head and tail of the component is then joined together to form a circular band. After that it is stretched over another component. <br \/>\r<br>To fit this purpose, the rubber component can be at any length from 80cm to 110cm. This is an example of...?<\/div><input type='hidden' name='question_id[]' id='qID_40' value='440598' \/><input type='hidden' id='answerType440598' 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-440598[]' id='answer-id-1704796' class='answer   answerof-440598 ' value='1704796'   \/><label for='answer-id-1704796' id='answer-label-1704796' class=' answer'><span>Defects<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440598[]' id='answer-id-1704797' class='answer   answerof-440598 ' value='1704797'   \/><label for='answer-id-1704797' id='answer-label-1704797' class=' answer'><span>Waiting<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440598[]' id='answer-id-1704798' class='answer   answerof-440598 ' value='1704798'   \/><label for='answer-id-1704798' id='answer-label-1704798' class=' answer'><span>Unnecessary motion<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440598[]' id='answer-id-1704799' class='answer   answerof-440598 ' value='1704799'   \/><label for='answer-id-1704799' id='answer-label-1704799' class=' answer'><span>Over processing<\/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=\"watuPROButtons11201\" >\n\t\t  <div id=\"prev-question\" style=\"display:none;\"><input type=\"button\" value=\"&lt; 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   \t \n<\/script>\n","protected":false},"excerpt":{"rendered":"<p>If you\u2019re getting ready to sit for the CIPS Level 4 Defining Business Needs (L4M2) exam, you can come to DumpsBase and download the L4M2 dumps (V10.02) as your preparation resources. With a strong history of supporting professionals in passing their L4M2 exam, you can trust that DumpsBase is a reliable platform to ensure your [&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":[20565,20566],"class_list":["post-115819","post","type-post","status-publish","format-standard","hentry","category-cips","category-cips-level-4-diploma-in-procurement-and-supply","tag-cips-level-4-defining-business-needs-l4m2","tag-l4m2-pdf-dumps"],"_links":{"self":[{"href":"https:\/\/www.dumpsbase.com\/freedumps\/wp-json\/wp\/v2\/posts\/115819","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=115819"}],"version-history":[{"count":1,"href":"https:\/\/www.dumpsbase.com\/freedumps\/wp-json\/wp\/v2\/posts\/115819\/revisions"}],"predecessor-version":[{"id":115820,"href":"https:\/\/www.dumpsbase.com\/freedumps\/wp-json\/wp\/v2\/posts\/115819\/revisions\/115820"}],"wp:attachment":[{"href":"https:\/\/www.dumpsbase.com\/freedumps\/wp-json\/wp\/v2\/media?parent=115819"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.dumpsbase.com\/freedumps\/wp-json\/wp\/v2\/categories?post=115819"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.dumpsbase.com\/freedumps\/wp-json\/wp\/v2\/tags?post=115819"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}