{"id":94146,"date":"2024-12-04T03:16:12","date_gmt":"2024-12-04T03:16:12","guid":{"rendered":"https:\/\/www.dumpsbase.com\/freedumps\/?p=94146"},"modified":"2024-12-04T03:16:12","modified_gmt":"2024-12-04T03:16:12","slug":"updated-l4m6-exam-dumps-v9-02-right-resources-for-cips-level-4-supplier-relationships-l4m6-exam-preparation","status":"publish","type":"post","link":"https:\/\/www.dumpsbase.com\/freedumps\/updated-l4m6-exam-dumps-v9-02-right-resources-for-cips-level-4-supplier-relationships-l4m6-exam-preparation.html","title":{"rendered":"Updated L4M6 Exam Dumps (V9.02) &#8211; Right Resources for CIPS Level 4 Supplier Relationships L4M6 Exam Preparation"},"content":{"rendered":"<p>The <a href=\"https:\/\/www.dumpsbase.com\/news\/Real_L4M6_Dumps_Questions_For_Supplier_Relationships_Exam_Preparation.html\"><em><strong>CIPS qualifications<\/strong><\/em><\/a> are aligned with the Global Standard, a globally recognized procurement and supply framework for competence and best practice, and the CIPS Level 4 Diploma in Procurement and Supply qualification is the first step on your journey to achieving the recognized professional standard in procurement and supply, MCIPS Chartered Status. The L4M6 exam is one of the modules for the CIPS Level 4 qualification. If you are planning to take this exam, focus on DumpsBase, we have updated the L4M6 exam dumps to V9.02 with 180 practice exam questions and answers. The CIPS L4M6 dumps (V9.02) are your ultimate tool for effective and efficient exam preparation. They offer a robust foundation for mastering Supplier Relationships, a critical component of procurement and supply. Choose DumpsBase, the L4M6 dumps (V9.02) provide extensive knowledge and practice opportunities, catering to both beginners and advanced candidates.<\/p>\n<h2>Check the CIPS Supplier Relationships <em><span style=\"background-color: #00ffff;\">L4M6 free dumps below<\/span><\/em>:<\/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=\"submittingExam9291\" 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-9291\"><\/div>\n\n<form action=\"\" method=\"post\" class=\"quiz-form\" id=\"quiz-9291\"  enctype=\"multipart\/form-data\" >\n<div class='watu-question ' id='question-1' style=';'><div id='questionWrap-1'  class='   watupro-question-id-369615'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>1. <\/span>Which of the following is a stage in the relationship lifecycle?<\/div><input type='hidden' name='question_id[]' id='qID_1' value='369615' \/><input type='hidden' id='answerType369615' 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-369615[]' id='answer-id-1439515' class='answer   answerof-369615 ' value='1439515'   \/><label for='answer-id-1439515' id='answer-label-1439515' class=' answer'><span>Decline<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369615[]' id='answer-id-1439516' class='answer   answerof-369615 ' value='1439516'   \/><label for='answer-id-1439516' id='answer-label-1439516' class=' answer'><span>Graduation<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369615[]' id='answer-id-1439517' class='answer   answerof-369615 ' value='1439517'   \/><label for='answer-id-1439517' id='answer-label-1439517' class=' answer'><span>Measuring<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369615[]' id='answer-id-1439518' class='answer   answerof-369615 ' value='1439518'   \/><label for='answer-id-1439518' id='answer-label-1439518' class=' answer'><span>Testing<\/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-369616'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>2. <\/span>Which of the following are typical drivers for a partnership between the buyer and the supplier? Select the THREE that apply.<\/div><input type='hidden' name='question_id[]' id='qID_2' value='369616' \/><input type='hidden' id='answerType369616' 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-369616[]' id='answer-id-1439519' class='answer   answerof-369616 ' value='1439519'   \/><label for='answer-id-1439519' id='answer-label-1439519' class=' answer'><span>The buyer has a high spend with the supplier<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-369616[]' id='answer-id-1439520' class='answer   answerof-369616 ' value='1439520'   \/><label for='answer-id-1439520' id='answer-label-1439520' class=' answer'><span>There are many suppliers in the market<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-369616[]' id='answer-id-1439521' class='answer   answerof-369616 ' value='1439521'   \/><label for='answer-id-1439521' id='answer-label-1439521' class=' answer'><span>The product is critical for the buyer<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-369616[]' id='answer-id-1439522' class='answer   answerof-369616 ' value='1439522'   \/><label for='answer-id-1439522' id='answer-label-1439522' class=' answer'><span>The product is a commodity<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-369616[]' id='answer-id-1439523' class='answer   answerof-369616 ' value='1439523'   \/><label for='answer-id-1439523' id='answer-label-1439523' class=' answer'><span>The product is technically complex<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-369616[]' id='answer-id-1439524' class='answer   answerof-369616 ' value='1439524'   \/><label for='answer-id-1439524' id='answer-label-1439524' class=' answer'><span>The supplier provides the product to a buyer\u2019s competitor<\/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-369617'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>3. <\/span>Which of the following options are legitimate reasons for terminating a contract? Select TWO that apply.<\/div><input type='hidden' name='question_id[]' id='qID_3' value='369617' \/><input type='hidden' id='answerType369617' 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-369617[]' id='answer-id-1439525' class='answer   answerof-369617 ' value='1439525'   \/><label for='answer-id-1439525' id='answer-label-1439525' class=' answer'><span>You ordered 10,000 items instead of 1,000<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-369617[]' id='answer-id-1439526' class='answer   answerof-369617 ' value='1439526'   \/><label for='answer-id-1439526' id='answer-label-1439526' class=' answer'><span>One of the contracted parties has clearly failed to perform its duties<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-369617[]' id='answer-id-1439527' class='answer   answerof-369617 ' value='1439527'   \/><label for='answer-id-1439527' id='answer-label-1439527' class=' answer'><span>There has been a serious breach of contract terms<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-369617[]' id='answer-id-1439528' class='answer   answerof-369617 ' value='1439528'   \/><label for='answer-id-1439528' id='answer-label-1439528' class=' answer'><span>Your internal stakeholder requested the wrong items<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-369617[]' id='answer-id-1439529' class='answer   answerof-369617 ' value='1439529'   \/><label for='answer-id-1439529' id='answer-label-1439529' class=' answer'><span>Your MRP system placed a replenishment order that you do not need<\/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-369618'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>4. <\/span>Products or services that are more suitable for partnership sourcing match which of the following criteria?<\/div><input type='hidden' name='question_id[]' id='qID_4' value='369618' \/><input type='hidden' id='answerType369618' 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-369618[]' id='answer-id-1439530' class='answer   answerof-369618 ' value='1439530'   \/><label for='answer-id-1439530' id='answer-label-1439530' class=' answer'><span>1 and 2 only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369618[]' id='answer-id-1439531' class='answer   answerof-369618 ' value='1439531'   \/><label for='answer-id-1439531' id='answer-label-1439531' class=' answer'><span>2 and 3 only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369618[]' id='answer-id-1439532' class='answer   answerof-369618 ' value='1439532'   \/><label for='answer-id-1439532' id='answer-label-1439532' class=' answer'><span>1 and 3 only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369618[]' id='answer-id-1439533' class='answer   answerof-369618 ' value='1439533'   \/><label for='answer-id-1439533' id='answer-label-1439533' class=' answer'><span>2 and 4 only<\/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-369619'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>5. <\/span>A partnership relationship in portfolio analysis is appropriate for which category of procurement?<\/div><input type='hidden' name='question_id[]' id='qID_5' value='369619' \/><input type='hidden' id='answerType369619' 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-369619[]' id='answer-id-1439534' class='answer   answerof-369619 ' value='1439534'   \/><label for='answer-id-1439534' id='answer-label-1439534' class=' answer'><span>Strategic security<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369619[]' id='answer-id-1439535' class='answer   answerof-369619 ' value='1439535'   \/><label for='answer-id-1439535' id='answer-label-1439535' class=' answer'><span>Tactical profit<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369619[]' id='answer-id-1439536' class='answer   answerof-369619 ' value='1439536'   \/><label for='answer-id-1439536' id='answer-label-1439536' class=' answer'><span>Tactical acquisition<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369619[]' id='answer-id-1439537' class='answer   answerof-369619 ' value='1439537'   \/><label for='answer-id-1439537' id='answer-label-1439537' class=' answer'><span>Strategic critical<\/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-369620'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>6. <\/span>Stephen Jones is assessing the relationships he has with his supplier base. <br \/>\r<br>Which of the following would be drivers for Stephen to adopt a partnership relationship with a supplier?<\/div><input type='hidden' name='question_id[]' id='qID_6' value='369620' \/><input type='hidden' id='answerType369620' 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-369620[]' id='answer-id-1439538' class='answer   answerof-369620 ' value='1439538'   \/><label for='answer-id-1439538' id='answer-label-1439538' class=' answer'><span>1 and 2 only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369620[]' id='answer-id-1439539' class='answer   answerof-369620 ' value='1439539'   \/><label for='answer-id-1439539' id='answer-label-1439539' class=' answer'><span>2 and 3 only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369620[]' id='answer-id-1439540' class='answer   answerof-369620 ' value='1439540'   \/><label for='answer-id-1439540' id='answer-label-1439540' class=' answer'><span>1 and 4 only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369620[]' id='answer-id-1439541' class='answer   answerof-369620 ' value='1439541'   \/><label for='answer-id-1439541' id='answer-label-1439541' class=' answer'><span>2 and 4 only<\/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-369621'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>7. <\/span>Sugar Doughnut Ltd has a jam supplier that they have used successfully for over ten years. They have made investments in the supplier\u2019s factory to support them with capital equipment upgrades in return for cost reduction on jam. The two companies also collaborate on bids for large supermarkets when looking to supply doughnuts and work together on quality improvements. No contracts exist between the two companies. <br \/>\r<br>Could this relationship be said to be a partnership relationship?<\/div><input type='hidden' name='question_id[]' id='qID_7' value='369621' \/><input type='hidden' id='answerType369621' 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-369621[]' id='answer-id-1439542' class='answer   answerof-369621 ' value='1439542'   \/><label for='answer-id-1439542' id='answer-label-1439542' class=' answer'><span>No, because contracts do not exist between the two companies<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369621[]' id='answer-id-1439543' class='answer   answerof-369621 ' value='1439543'   \/><label for='answer-id-1439543' id='answer-label-1439543' class=' answer'><span>No, because they have only worked together for ten years<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369621[]' id='answer-id-1439544' class='answer   answerof-369621 ' value='1439544'   \/><label for='answer-id-1439544' id='answer-label-1439544' class=' answer'><span>Yes, because they have demonstrated close collaboration on various projects<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369621[]' id='answer-id-1439545' class='answer   answerof-369621 ' value='1439545'   \/><label for='answer-id-1439545' id='answer-label-1439545' class=' answer'><span>Yes, because they both operate in the food sector<\/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-369622'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>8. <\/span>A company supplies IT equipment and buys most of its components from first-tier suppliers in the UK. It wants to analyze its supply market to develop the supply chain and is going to review the main factors that have an influence. The company wants to use the STEEPLED external environmental analysis framework to achieve the best result. <br \/>\r<br>Which of the following STEEPLED factors is most likely to have the greatest effect?<\/div><input type='hidden' name='question_id[]' id='qID_8' value='369622' \/><input type='hidden' id='answerType369622' 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-369622[]' id='answer-id-1439546' class='answer   answerof-369622 ' value='1439546'   \/><label for='answer-id-1439546' id='answer-label-1439546' class=' answer'><span>Sociocultural<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369622[]' id='answer-id-1439547' class='answer   answerof-369622 ' value='1439547'   \/><label for='answer-id-1439547' id='answer-label-1439547' class=' answer'><span>Technological<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369622[]' id='answer-id-1439548' class='answer   answerof-369622 ' value='1439548'   \/><label for='answer-id-1439548' id='answer-label-1439548' class=' answer'><span>Economic<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369622[]' id='answer-id-1439549' class='answer   answerof-369622 ' value='1439549'   \/><label for='answer-id-1439549' id='answer-label-1439549' class=' answer'><span>Ethical<\/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-369623'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>9. <\/span>Which of the following are typical examples of partnering between companies? Select the TWO that apply.<\/div><input type='hidden' name='question_id[]' id='qID_9' value='369623' \/><input type='hidden' id='answerType369623' 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-369623[]' id='answer-id-1439550' class='answer   answerof-369623 ' value='1439550'   \/><label for='answer-id-1439550' id='answer-label-1439550' class=' answer'><span>Sole trader<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-369623[]' id='answer-id-1439551' class='answer   answerof-369623 ' value='1439551'   \/><label for='answer-id-1439551' id='answer-label-1439551' class=' answer'><span>Limited company<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-369623[]' id='answer-id-1439552' class='answer   answerof-369623 ' value='1439552'   \/><label for='answer-id-1439552' id='answer-label-1439552' class=' answer'><span>Joint venture<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-369623[]' id='answer-id-1439553' class='answer   answerof-369623 ' value='1439553'   \/><label for='answer-id-1439553' id='answer-label-1439553' class=' answer'><span>Strategic alliance<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-369623[]' id='answer-id-1439554' class='answer   answerof-369623 ' value='1439554'   \/><label for='answer-id-1439554' id='answer-label-1439554' class=' answer'><span>Public limited company<\/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-369624'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>10. <\/span>A local council requires facilities management services for ten schools based in their region. This service is a high-spend, high-risk, critical contract. <br \/>\r<br>Which sourcing approach would be the most appropriate?<\/div><input type='hidden' name='question_id[]' id='qID_10' value='369624' \/><input type='hidden' id='answerType369624' 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-369624[]' id='answer-id-1439555' class='answer   answerof-369624 ' value='1439555'   \/><label for='answer-id-1439555' id='answer-label-1439555' class=' answer'><span>Request for quotation<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369624[]' id='answer-id-1439556' class='answer   answerof-369624 ' value='1439556'   \/><label for='answer-id-1439556' id='answer-label-1439556' class=' answer'><span>Competitive tendering<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369624[]' id='answer-id-1439557' class='answer   answerof-369624 ' value='1439557'   \/><label for='answer-id-1439557' id='answer-label-1439557' class=' answer'><span>Statement of source requirements<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369624[]' id='answer-id-1439558' class='answer   answerof-369624 ' value='1439558'   \/><label for='answer-id-1439558' id='answer-label-1439558' class=' answer'><span>Direct negotiation<\/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-369625'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>11. <\/span>An amicable style approach to ending a buyer-supplier relationship would be most appropriate in <br \/>\r<br>which of the following circumstances?<\/div><input type='hidden' name='question_id[]' id='qID_11' value='369625' \/><input type='hidden' id='answerType369625' 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-369625[]' id='answer-id-1439559' class='answer   answerof-369625 ' value='1439559'   \/><label for='answer-id-1439559' id='answer-label-1439559' class=' answer'><span>1 and 2<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369625[]' id='answer-id-1439560' class='answer   answerof-369625 ' value='1439560'   \/><label for='answer-id-1439560' id='answer-label-1439560' class=' answer'><span>1 and 3<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369625[]' id='answer-id-1439561' class='answer   answerof-369625 ' value='1439561'   \/><label for='answer-id-1439561' id='answer-label-1439561' class=' answer'><span>3 and 4<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369625[]' id='answer-id-1439562' class='answer   answerof-369625 ' value='1439562'   \/><label for='answer-id-1439562' id='answer-label-1439562' class=' answer'><span>1 and 4<\/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-369626'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>12. <\/span>When a large organization partners with a small supplier to develop new technology, it is necessary for regular communication. Is this statement true?<\/div><input type='hidden' name='question_id[]' id='qID_12' value='369626' \/><input type='hidden' id='answerType369626' 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-369626[]' id='answer-id-1439563' class='answer   answerof-369626 ' value='1439563'   \/><label for='answer-id-1439563' id='answer-label-1439563' class=' answer'><span>No, because partnerships do not require regular communication during development of new technology<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369626[]' id='answer-id-1439564' class='answer   answerof-369626 ' value='1439564'   \/><label for='answer-id-1439564' id='answer-label-1439564' class=' answer'><span>Yes, because partnerships require regular communication to succeed in meeting mutual objectives<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369626[]' id='answer-id-1439565' class='answer   answerof-369626 ' value='1439565'   \/><label for='answer-id-1439565' id='answer-label-1439565' class=' answer'><span>Yes, because a small supplier must be told what to do and when, because they have fewer employees<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369626[]' id='answer-id-1439566' class='answer   answerof-369626 ' value='1439566'   \/><label for='answer-id-1439566' id='answer-label-1439566' class=' answer'><span>No, because regular communication will stop a small supplier from doing their work<\/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-369627'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>13. <\/span>In the STEEPLED framework, which of the following is an economic factor?<\/div><input type='hidden' name='question_id[]' id='qID_13' value='369627' \/><input type='hidden' id='answerType369627' 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-369627[]' id='answer-id-1439567' class='answer   answerof-369627 ' value='1439567'   \/><label for='answer-id-1439567' id='answer-label-1439567' class=' answer'><span>Unemployment rates<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369627[]' id='answer-id-1439568' class='answer   answerof-369627 ' value='1439568'   \/><label for='answer-id-1439568' id='answer-label-1439568' class=' answer'><span>Demographics<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369627[]' id='answer-id-1439569' class='answer   answerof-369627 ' value='1439569'   \/><label for='answer-id-1439569' id='answer-label-1439569' class=' answer'><span>Supply chain labor standards<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369627[]' id='answer-id-1439570' class='answer   answerof-369627 ' value='1439570'   \/><label for='answer-id-1439570' id='answer-label-1439570' class=' answer'><span>Election results<\/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-369628'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>14. <\/span>Which one of the following would constitute a succession issue when terminating a relationship?<\/div><input type='hidden' name='question_id[]' id='qID_14' value='369628' \/><input type='hidden' id='answerType369628' 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-369628[]' id='answer-id-1439571' class='answer   answerof-369628 ' value='1439571'   \/><label for='answer-id-1439571' id='answer-label-1439571' class=' answer'><span>Processing penalties<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369628[]' id='answer-id-1439572' class='answer   answerof-369628 ' value='1439572'   \/><label for='answer-id-1439572' id='answer-label-1439572' class=' answer'><span>Deletion of old specifications<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369628[]' id='answer-id-1439573' class='answer   answerof-369628 ' value='1439573'   \/><label for='answer-id-1439573' id='answer-label-1439573' class=' answer'><span>Continuity of supplies<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369628[]' id='answer-id-1439574' class='answer   answerof-369628 ' value='1439574'   \/><label for='answer-id-1439574' id='answer-label-1439574' class=' answer'><span>Payment of old invoices<\/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-369629'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>15. <\/span>Price fluctuations can affect profitability. Is this statement correct?<\/div><input type='hidden' name='question_id[]' id='qID_15' value='369629' \/><input type='hidden' id='answerType369629' 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-369629[]' id='answer-id-1439575' class='answer   answerof-369629 ' value='1439575'   \/><label for='answer-id-1439575' id='answer-label-1439575' class=' answer'><span>Yes, if the product's costs increase and the price does not<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369629[]' id='answer-id-1439576' class='answer   answerof-369629 ' value='1439576'   \/><label for='answer-id-1439576' id='answer-label-1439576' class=' answer'><span>No, only decisions made by the chief executive affect the price<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369629[]' id='answer-id-1439577' class='answer   answerof-369629 ' value='1439577'   \/><label for='answer-id-1439577' id='answer-label-1439577' class=' answer'><span>No, price is not related to profitability<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369629[]' id='answer-id-1439578' class='answer   answerof-369629 ' value='1439578'   \/><label for='answer-id-1439578' id='answer-label-1439578' class=' answer'><span>Yes, as sales may drop if the product is price inelastic<\/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-369630'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>16. <\/span>Joseph works as a category manager for a large electricity supply company. His company is one of six electricity companies in the country. All have a high annual spend on the same specifications of cable. There are only five cable manufacturers capable of supplying the cables. Joseph has established all the suppliers use the same raw materials using the same types of manufacturing lines. Prices tendered by all suppliers are very similar. After paying for the cable, Joseph\u2019s company spends an additional 25% on moving and installing the cable. <br \/>\r<br>In order to enable Joseph to gain advantage over the other electricity companies, which type of supplier relationship should he adopt?<\/div><input type='hidden' name='question_id[]' id='qID_16' value='369630' \/><input type='hidden' id='answerType369630' 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-369630[]' id='answer-id-1439579' class='answer   answerof-369630 ' value='1439579'   \/><label for='answer-id-1439579' id='answer-label-1439579' class=' answer'><span>Single-sourced<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369630[]' id='answer-id-1439580' class='answer   answerof-369630 ' value='1439580'   \/><label for='answer-id-1439580' id='answer-label-1439580' class=' answer'><span>Closer tactical<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369630[]' id='answer-id-1439581' class='answer   answerof-369630 ' value='1439581'   \/><label for='answer-id-1439581' id='answer-label-1439581' class=' answer'><span>Transactional<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369630[]' id='answer-id-1439582' class='answer   answerof-369630 ' value='1439582'   \/><label for='answer-id-1439582' id='answer-label-1439582' class=' answer'><span>Partnership<\/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-369631'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>17. <\/span>A buyer has a requirement to purchase 1,000 widgets for a manufacturing company. The widgets are critical for the next stage of the manufacturing process. <br \/>\r<br>What would be the key selection criterion for this buyer?<\/div><input type='hidden' name='question_id[]' id='qID_17' value='369631' \/><input type='hidden' id='answerType369631' 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-369631[]' id='answer-id-1439583' class='answer   answerof-369631 ' value='1439583'   \/><label for='answer-id-1439583' id='answer-label-1439583' class=' answer'><span>Ability to deliver by the deadline<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369631[]' id='answer-id-1439584' class='answer   answerof-369631 ' value='1439584'   \/><label for='answer-id-1439584' id='answer-label-1439584' class=' answer'><span>Ability to produce low-cost widgets<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369631[]' id='answer-id-1439585' class='answer   answerof-369631 ' value='1439585'   \/><label for='answer-id-1439585' id='answer-label-1439585' class=' answer'><span>Ability to meet ISO standards<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369631[]' id='answer-id-1439586' class='answer   answerof-369631 ' value='1439586'   \/><label for='answer-id-1439586' id='answer-label-1439586' class=' answer'><span>Ability to add value to the order<\/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-369632'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>18. <\/span>Under which circumstances would a partnership sourcing approach be used?<\/div><input type='hidden' name='question_id[]' id='qID_18' value='369632' \/><input type='hidden' id='answerType369632' 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-369632[]' id='answer-id-1439587' class='answer   answerof-369632 ' value='1439587'   \/><label for='answer-id-1439587' id='answer-label-1439587' class=' answer'><span>1 and 2 only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369632[]' id='answer-id-1439588' class='answer   answerof-369632 ' value='1439588'   \/><label for='answer-id-1439588' id='answer-label-1439588' class=' answer'><span>1 and 3 only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369632[]' id='answer-id-1439589' class='answer   answerof-369632 ' value='1439589'   \/><label for='answer-id-1439589' id='answer-label-1439589' class=' answer'><span>1 and 4 only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369632[]' id='answer-id-1439590' class='answer   answerof-369632 ' value='1439590'   \/><label for='answer-id-1439590' id='answer-label-1439590' class=' answer'><span>2 and 4 only<\/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-369633'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>19. <\/span>Which of the following are features of a partnership sourcing relationship compared with a traditional adversarial relationship? Select TWO that apply.<\/div><input type='hidden' name='question_id[]' id='qID_19' value='369633' \/><input type='hidden' id='answerType369633' 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-369633[]' id='answer-id-1439591' class='answer   answerof-369633 ' value='1439591'   \/><label for='answer-id-1439591' id='answer-label-1439591' class=' answer'><span>Emphasis on quality with zero defects<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-369633[]' id='answer-id-1439592' class='answer   answerof-369633 ' value='1439592'   \/><label for='answer-id-1439592' id='answer-label-1439592' class=' answer'><span>Emphasis on the lowest price<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-369633[]' id='answer-id-1439593' class='answer   answerof-369633 ' value='1439593'   \/><label for='answer-id-1439593' id='answer-label-1439593' class=' answer'><span>Emphasis on inspection of incoming supplies<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-369633[]' id='answer-id-1439594' class='answer   answerof-369633 ' value='1439594'   \/><label for='answer-id-1439594' id='answer-label-1439594' class=' answer'><span>Emphasis on short-term relationship<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-369633[]' id='answer-id-1439595' class='answer   answerof-369633 ' value='1439595'   \/><label for='answer-id-1439595' id='answer-label-1439595' class=' answer'><span>Emphasis on long-term relationship<\/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-369634'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>20. <\/span>A competitor develops an alternative type of vacuum cleaner to one produced by your organization. <br \/>\r<br>Is this an example of the threat of substitutes, one of the five forces of competition described by competitive forces theory?<\/div><input type='hidden' name='question_id[]' id='qID_20' value='369634' \/><input type='hidden' id='answerType369634' 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-369634[]' id='answer-id-1439596' class='answer   answerof-369634 ' value='1439596'   \/><label for='answer-id-1439596' id='answer-label-1439596' class=' answer'><span>Yes, customers may switch to alternative products<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369634[]' id='answer-id-1439597' class='answer   answerof-369634 ' value='1439597'   \/><label for='answer-id-1439597' id='answer-label-1439597' class=' answer'><span>Yes, there are no barriers to entry; it is an oligopoly<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369634[]' id='answer-id-1439598' class='answer   answerof-369634 ' value='1439598'   \/><label for='answer-id-1439598' id='answer-label-1439598' class=' answer'><span>No, it does not serve the same purpose<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369634[]' id='answer-id-1439599' class='answer   answerof-369634 ' value='1439599'   \/><label for='answer-id-1439599' id='answer-label-1439599' class=' answer'><span>No, it is a threat from a new entrant to the market<\/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-369635'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>21. <\/span>A local government procurement team is undertaking a full review of their current internal working processes. The team of buyers currently have a partnership-style relationship with their routine suppliers. <br \/>\r<br>Is this the best relationship style to use?<\/div><input type='hidden' name='question_id[]' id='qID_21' value='369635' \/><input type='hidden' id='answerType369635' 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-369635[]' id='answer-id-1439600' class='answer   answerof-369635 ' value='1439600'   \/><label for='answer-id-1439600' id='answer-label-1439600' class=' answer'><span>No, as there are many suppliers available<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369635[]' id='answer-id-1439601' class='answer   answerof-369635 ' value='1439601'   \/><label for='answer-id-1439601' id='answer-label-1439601' class=' answer'><span>No, as these are critical items to the buying organization<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369635[]' id='answer-id-1439602' class='answer   answerof-369635 ' value='1439602'   \/><label for='answer-id-1439602' id='answer-label-1439602' class=' answer'><span>Yes, as they present a great deal of risk to the organization<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369635[]' id='answer-id-1439603' class='answer   answerof-369635 ' value='1439603'   \/><label for='answer-id-1439603' id='answer-label-1439603' class=' answer'><span>Yes, as these are low-value items<\/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-369636'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>22. <\/span>A software developer is seeking to develop a new fitness trends app. They are looking to create a contract with a fitness expert to give advice on the type of changing fitness trends. <br \/>\r<br>What agreement should the app developer aim to achieve?<\/div><input type='hidden' name='question_id[]' id='qID_22' value='369636' \/><input type='hidden' id='answerType369636' 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-369636[]' id='answer-id-1439604' class='answer   answerof-369636 ' value='1439604'   \/><label for='answer-id-1439604' id='answer-label-1439604' class=' answer'><span>Quality-based relationship<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369636[]' id='answer-id-1439605' class='answer   answerof-369636 ' value='1439605'   \/><label for='answer-id-1439605' id='answer-label-1439605' class=' answer'><span>Traditional contracting relationship<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369636[]' id='answer-id-1439606' class='answer   answerof-369636 ' value='1439606'   \/><label for='answer-id-1439606' id='answer-label-1439606' class=' answer'><span>Partnering relationship<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369636[]' id='answer-id-1439607' class='answer   answerof-369636 ' value='1439607'   \/><label for='answer-id-1439607' id='answer-label-1439607' class=' answer'><span>Cost-based relationship<\/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-369637'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>23. <\/span>When overcoming stakeholder resistance in a procurement-led project, which of the following groups would have the highest level of influence on other stakeholders?<\/div><input type='hidden' name='question_id[]' id='qID_23' value='369637' \/><input type='hidden' id='answerType369637' 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-369637[]' id='answer-id-1439608' class='answer   answerof-369637 ' value='1439608'   \/><label for='answer-id-1439608' id='answer-label-1439608' class=' answer'><span>2 and 3 only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369637[]' id='answer-id-1439609' class='answer   answerof-369637 ' value='1439609'   \/><label for='answer-id-1439609' id='answer-label-1439609' class=' answer'><span>1 and 4 only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369637[]' id='answer-id-1439610' class='answer   answerof-369637 ' value='1439610'   \/><label for='answer-id-1439610' id='answer-label-1439610' class=' answer'><span>1 and 2 only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369637[]' id='answer-id-1439611' class='answer   answerof-369637 ' value='1439611'   \/><label for='answer-id-1439611' id='answer-label-1439611' class=' answer'><span>3 and 4 only<\/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-369638'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>24. <\/span>A company is relocating its manufacturing base to a low-cost country and is considering a partnership with a local supplier for its key components rather than a tender process. Although there are some concerns regarding confidentiality and component competitiveness, the procurement director is recommending a partnership strategy to the board of directors. The recommendation is based on a range of advantages including, but not limited to, gaining local market knowledge. <br \/>\r<br>Is this a valid recommendation?<\/div><input type='hidden' name='question_id[]' id='qID_24' value='369638' \/><input type='hidden' id='answerType369638' 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-369638[]' id='answer-id-1439612' class='answer   answerof-369638 ' value='1439612'   \/><label for='answer-id-1439612' id='answer-label-1439612' class=' answer'><span>No, because confidentiality risk will be higher in a partnership<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369638[]' id='answer-id-1439613' class='answer   answerof-369638 ' value='1439613'   \/><label for='answer-id-1439613' id='answer-label-1439613' class=' answer'><span>Yes, as intellectual property costs will be lower in a partnership<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369638[]' id='answer-id-1439614' class='answer   answerof-369638 ' value='1439614'   \/><label for='answer-id-1439614' id='answer-label-1439614' class=' answer'><span>No, local market knowledge is guaranteed in a tender process<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369638[]' id='answer-id-1439615' class='answer   answerof-369638 ' value='1439615'   \/><label for='answer-id-1439615' id='answer-label-1439615' class=' answer'><span>Yes, as investment costs can be shared in a partnership<\/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-369639'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>25. <\/span>An automotive company has hired Tom as the procurement manager. Tom is to manage a team of two people who have worked in the department for a number of years. Conflict exists between the two members of staff due to an overlap of responsibilities. <br \/>\r<br>Which of the following processes would be most appropriate for Tom to use to reduce this conflict?<\/div><input type='hidden' name='question_id[]' id='qID_25' value='369639' \/><input type='hidden' id='answerType369639' 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-369639[]' id='answer-id-1439616' class='answer   answerof-369639 ' value='1439616'   \/><label for='answer-id-1439616' id='answer-label-1439616' class=' answer'><span>Tom could avoid mentioning the conflict and hope that it is resolved without action<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369639[]' id='answer-id-1439617' class='answer   answerof-369639 ' value='1439617'   \/><label for='answer-id-1439617' id='answer-label-1439617' class=' answer'><span>Tom could hire an additional member of staff to take on some of the duties<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369639[]' id='answer-id-1439618' class='answer   answerof-369639 ' value='1439618'   \/><label for='answer-id-1439618' id='answer-label-1439618' class=' answer'><span>Tom could restructure the team so both members do not have to work together<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369639[]' id='answer-id-1439619' class='answer   answerof-369639 ' value='1439619'   \/><label for='answer-id-1439619' id='answer-label-1439619' class=' answer'><span>Tom could arrange a meeting and set performance targets for each member<\/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-369640'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>26. <\/span>A common reason attributed to many partnerships failing is ...<\/div><input type='hidden' name='question_id[]' id='qID_26' value='369640' \/><input type='hidden' id='answerType369640' 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-369640[]' id='answer-id-1439620' class='answer   answerof-369640 ' value='1439620'   \/><label for='answer-id-1439620' id='answer-label-1439620' class=' answer'><span>A bad advertising campaign<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369640[]' id='answer-id-1439621' class='answer   answerof-369640 ' value='1439621'   \/><label for='answer-id-1439621' id='answer-label-1439621' class=' answer'><span>Not winning every contract they bid for<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369640[]' id='answer-id-1439622' class='answer   answerof-369640 ' value='1439622'   \/><label for='answer-id-1439622' id='answer-label-1439622' class=' answer'><span>No contract being in place<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369640[]' id='answer-id-1439623' class='answer   answerof-369640 ' value='1439623'   \/><label for='answer-id-1439623' id='answer-label-1439623' class=' answer'><span>Poor communication<\/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-369641'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>27. <\/span>Which of the following are advantages for the buyer of early supplier involvement with the buyer's product development team?<\/div><input type='hidden' name='question_id[]' id='qID_27' value='369641' \/><input type='hidden' id='answerType369641' 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-369641[]' id='answer-id-1439624' class='answer   answerof-369641 ' value='1439624'   \/><label for='answer-id-1439624' id='answer-label-1439624' class=' answer'><span>1 and 2 only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369641[]' id='answer-id-1439625' class='answer   answerof-369641 ' value='1439625'   \/><label for='answer-id-1439625' id='answer-label-1439625' class=' answer'><span>1 and 3 only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369641[]' id='answer-id-1439626' class='answer   answerof-369641 ' value='1439626'   \/><label for='answer-id-1439626' id='answer-label-1439626' class=' answer'><span>2 and 3 only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369641[]' id='answer-id-1439627' class='answer   answerof-369641 ' value='1439627'   \/><label for='answer-id-1439627' id='answer-label-1439627' class=' answer'><span>2 and 4 only<\/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-369642'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>28. <\/span>Philip is working with a supplier where the annual spend is low but the market risk is high. <br \/>\r<br>What portfolio analysis category would be appropriate?<\/div><input type='hidden' name='question_id[]' id='qID_28' value='369642' \/><input type='hidden' id='answerType369642' 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-369642[]' id='answer-id-1439628' class='answer   answerof-369642 ' value='1439628'   \/><label for='answer-id-1439628' id='answer-label-1439628' class=' answer'><span>Strategic<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369642[]' id='answer-id-1439629' class='answer   answerof-369642 ' value='1439629'   \/><label for='answer-id-1439629' id='answer-label-1439629' class=' answer'><span>Leverage<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369642[]' id='answer-id-1439630' class='answer   answerof-369642 ' value='1439630'   \/><label for='answer-id-1439630' id='answer-label-1439630' class=' answer'><span>Non-critical<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369642[]' id='answer-id-1439631' class='answer   answerof-369642 ' value='1439631'   \/><label for='answer-id-1439631' id='answer-label-1439631' class=' answer'><span>Bottleneck<\/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-369643'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>29. <\/span>A buyer is intending to purchase a new product for their business; however, the market has a large number of suppliers. <br \/>\r<br>What would be the most beneficial way for them to initially narrow down the supply options?<\/div><input type='hidden' name='question_id[]' id='qID_29' value='369643' \/><input type='hidden' id='answerType369643' 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-369643[]' id='answer-id-1439632' class='answer   answerof-369643 ' value='1439632'   \/><label for='answer-id-1439632' id='answer-label-1439632' class=' answer'><span>Look at lowest-cost suppliers only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369643[]' id='answer-id-1439633' class='answer   answerof-369643 ' value='1439633'   \/><label for='answer-id-1439633' id='answer-label-1439633' class=' answer'><span>Predefine minimum standards suppliers must meet<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369643[]' id='answer-id-1439634' class='answer   answerof-369643 ' value='1439634'   \/><label for='answer-id-1439634' id='answer-label-1439634' class=' answer'><span>Go only to companies they have bought other products from<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369643[]' id='answer-id-1439635' class='answer   answerof-369643 ' value='1439635'   \/><label for='answer-id-1439635' id='answer-label-1439635' class=' answer'><span>Preselect companies who have the largest market share<\/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-369644'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>30. <\/span>Which one of the following is an advantage of early supplier involvement?<\/div><input type='hidden' name='question_id[]' id='qID_30' value='369644' \/><input type='hidden' id='answerType369644' 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-369644[]' id='answer-id-1439636' class='answer   answerof-369644 ' value='1439636'   \/><label for='answer-id-1439636' id='answer-label-1439636' class=' answer'><span>Supplier is responsible for all intellectual property risks<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369644[]' id='answer-id-1439637' class='answer   answerof-369644 ' value='1439637'   \/><label for='answer-id-1439637' id='answer-label-1439637' class=' answer'><span>Large investment in supplier communications<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369644[]' id='answer-id-1439638' class='answer   answerof-369644 ' value='1439638'   \/><label for='answer-id-1439638' id='answer-label-1439638' class=' answer'><span>Understanding of supplier capabilities<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369644[]' id='answer-id-1439639' class='answer   answerof-369644 ' value='1439639'   \/><label for='answer-id-1439639' id='answer-label-1439639' class=' answer'><span>No need for supplier non-disclosure agreements<\/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-369645'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>31. <\/span>A law firm is ending an agreement with a client they have represented for many years. <br \/>\r<br>What is the most important legal consideration to be taken before terminating?<\/div><input type='hidden' name='question_id[]' id='qID_31' value='369645' \/><input type='hidden' id='answerType369645' 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-369645[]' id='answer-id-1439640' class='answer   answerof-369645 ' value='1439640'   \/><label for='answer-id-1439640' id='answer-label-1439640' class=' answer'><span>Employee rights<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369645[]' id='answer-id-1439641' class='answer   answerof-369645 ' value='1439641'   \/><label for='answer-id-1439641' id='answer-label-1439641' class=' answer'><span>Confidentiality<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369645[]' id='answer-id-1439642' class='answer   answerof-369645 ' value='1439642'   \/><label for='answer-id-1439642' id='answer-label-1439642' class=' answer'><span>Finance<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369645[]' id='answer-id-1439643' class='answer   answerof-369645 ' value='1439643'   \/><label for='answer-id-1439643' id='answer-label-1439643' class=' answer'><span>Security<\/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-369646'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>32. <\/span>When using competitive forces theory, suppliers are powerful in which of the following situations? Select THREE that apply.<\/div><input type='hidden' name='question_id[]' id='qID_32' value='369646' \/><input type='hidden' id='answerType369646' 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-369646[]' id='answer-id-1439644' class='answer   answerof-369646 ' value='1439644'   \/><label for='answer-id-1439644' id='answer-label-1439644' class=' answer'><span>There are few substitute products<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-369646[]' id='answer-id-1439645' class='answer   answerof-369646 ' value='1439645'   \/><label for='answer-id-1439645' id='answer-label-1439645' class=' answer'><span>The product is highly differentiated<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-369646[]' id='answer-id-1439646' class='answer   answerof-369646 ' value='1439646'   \/><label for='answer-id-1439646' id='answer-label-1439646' class=' answer'><span>There is potential for backward integration<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-369646[]' id='answer-id-1439647' class='answer   answerof-369646 ' value='1439647'   \/><label for='answer-id-1439647' id='answer-label-1439647' class=' answer'><span>The switching costs are high<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-369646[]' id='answer-id-1439648' class='answer   answerof-369646 ' value='1439648'   \/><label for='answer-id-1439648' id='answer-label-1439648' class=' answer'><span>The volume purchased is not important<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-369646[]' id='answer-id-1439649' class='answer   answerof-369646 ' value='1439649'   \/><label for='answer-id-1439649' id='answer-label-1439649' class=' answer'><span>The product is undifferentiated<\/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-369647'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>33. <\/span>Which of the following are advantages of partnering?<\/div><input type='hidden' name='question_id[]' id='qID_33' value='369647' \/><input type='hidden' id='answerType369647' 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-369647[]' id='answer-id-1439650' class='answer   answerof-369647 ' value='1439650'   \/><label for='answer-id-1439650' id='answer-label-1439650' class=' answer'><span>Supply chain consolidation<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-369647[]' id='answer-id-1439651' class='answer   answerof-369647 ' value='1439651'   \/><label for='answer-id-1439651' id='answer-label-1439651' class=' answer'><span>Continual improvement<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-369647[]' id='answer-id-1439652' class='answer   answerof-369647 ' value='1439652'   \/><label for='answer-id-1439652' id='answer-label-1439652' class=' answer'><span>Hard to displace<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-369647[]' id='answer-id-1439653' class='answer   answerof-369647 ' value='1439653'   \/><label for='answer-id-1439653' id='answer-label-1439653' class=' answer'><span>Prioritization of transactions<\/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-369648'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>34. <\/span>Which of the following are the stages of team development?<\/div><input type='hidden' name='question_id[]' id='qID_34' value='369648' \/><input type='hidden' id='answerType369648' 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-369648[]' id='answer-id-1439654' class='answer   answerof-369648 ' value='1439654'   \/><label for='answer-id-1439654' id='answer-label-1439654' class=' answer'><span>Starting, forming, benchmarking, performing<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369648[]' id='answer-id-1439655' class='answer   answerof-369648 ' value='1439655'   \/><label for='answer-id-1439655' id='answer-label-1439655' class=' answer'><span>Forming, storming, norming, performing<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369648[]' id='answer-id-1439656' class='answer   answerof-369648 ' value='1439656'   \/><label for='answer-id-1439656' id='answer-label-1439656' class=' answer'><span>Beginning, working, reviewing, performing<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369648[]' id='answer-id-1439657' class='answer   answerof-369648 ' value='1439657'   \/><label for='answer-id-1439657' id='answer-label-1439657' class=' answer'><span>Introducing, forming, managing, performing<\/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-369649'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>35. <\/span>A textile company is purchasing a new item which is low value. This item is likely never to be required again by the company and is widely available from many different suppliers. <br \/>\r<br>Which commercial relationship type would be most effective for the buyer to choose?<\/div><input type='hidden' name='question_id[]' id='qID_35' value='369649' \/><input type='hidden' id='answerType369649' 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-369649[]' id='answer-id-1439658' class='answer   answerof-369649 ' value='1439658'   \/><label for='answer-id-1439658' id='answer-label-1439658' class=' answer'><span>Adversarial<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369649[]' id='answer-id-1439659' class='answer   answerof-369649 ' value='1439659'   \/><label for='answer-id-1439659' id='answer-label-1439659' class=' answer'><span>Closer tactical<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369649[]' id='answer-id-1439660' class='answer   answerof-369649 ' value='1439660'   \/><label for='answer-id-1439660' id='answer-label-1439660' class=' answer'><span>Outsourcing<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369649[]' id='answer-id-1439661' class='answer   answerof-369649 ' value='1439661'   \/><label for='answer-id-1439661' id='answer-label-1439661' class=' answer'><span>Partnership<\/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-369650'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>36. <\/span>In the 1990s, a manufacturer of portable music players partnered with a mini-disk producer. The aim of the partnership was to reduce the size and cost of the devices and enhance flexibility. Sales of the product after launch were low due to a competitive launch of small digital players, which offered better flexibility to customers at a comparable price. The partners suffered substantial loss and never recovered the investment. <br \/>\r<br>In order to mitigate the risk described, what should both partners have considered before investing in the product? Select the TWO that apply.<\/div><input type='hidden' name='question_id[]' id='qID_36' value='369650' \/><input type='hidden' id='answerType369650' 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-369650[]' id='answer-id-1439662' class='answer   answerof-369650 ' value='1439662'   \/><label for='answer-id-1439662' id='answer-label-1439662' class=' answer'><span>Fast charging markers<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-369650[]' id='answer-id-1439663' class='answer   answerof-369650 ' value='1439663'   \/><label for='answer-id-1439663' id='answer-label-1439663' class=' answer'><span>Customer price expectation<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-369650[]' id='answer-id-1439664' class='answer   answerof-369650 ' value='1439664'   \/><label for='answer-id-1439664' id='answer-label-1439664' class=' answer'><span>New substitute technology<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-369650[]' id='answer-id-1439665' class='answer   answerof-369650 ' value='1439665'   \/><label for='answer-id-1439665' id='answer-label-1439665' class=' answer'><span>Cost of investment<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-369650[]' id='answer-id-1439666' class='answer   answerof-369650 ' value='1439666'   \/><label for='answer-id-1439666' id='answer-label-1439666' class=' answer'><span>Legal implication of partnering<\/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-369651'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>37. <\/span>A low-cost fashion retailer based in Europe is looking at adding value in their procurement activities. The retailer buys clothing for resale with a very small profit margin applied, relying on volume sales to make a profit. <br \/>\r<br>Which of the following added-value approaches will be the most critical for the procurement team of the retailer to focus on with their supply chain?<\/div><input type='hidden' name='question_id[]' id='qID_37' value='369651' \/><input type='hidden' id='answerType369651' 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-369651[]' id='answer-id-1439667' class='answer   answerof-369651 ' value='1439667'   \/><label for='answer-id-1439667' id='answer-label-1439667' class=' answer'><span>Improving timescales<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369651[]' id='answer-id-1439668' class='answer   answerof-369651 ' value='1439668'   \/><label for='answer-id-1439668' id='answer-label-1439668' class=' answer'><span>Quality enhancement<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369651[]' id='answer-id-1439669' class='answer   answerof-369651 ' value='1439669'   \/><label for='answer-id-1439669' id='answer-label-1439669' class=' answer'><span>Reduction of inventory<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369651[]' id='answer-id-1439670' class='answer   answerof-369651 ' value='1439670'   \/><label for='answer-id-1439670' id='answer-label-1439670' class=' answer'><span>Price management<\/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-369652'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>38. <\/span>Construct Builders Ltd works very closely with a supplier called Solid Timber Co on house-building projects. They have a very close working relationship, sharing investment, setting pricing levels, and looking at sharing resources. The two companies also work closely together to set strategic directions and explore new markets for long-term growth. There is no formal contract in place between the two companies. <br \/>\r<br>Using the relationship spectrum, what relationship does this scenario best describe?<\/div><input type='hidden' name='question_id[]' id='qID_38' value='369652' \/><input type='hidden' id='answerType369652' 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-369652[]' id='answer-id-1439671' class='answer   answerof-369652 ' value='1439671'   \/><label for='answer-id-1439671' id='answer-label-1439671' class=' answer'><span>Constructive<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369652[]' id='answer-id-1439672' class='answer   answerof-369652 ' value='1439672'   \/><label for='answer-id-1439672' id='answer-label-1439672' class=' answer'><span>Transactional<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369652[]' id='answer-id-1439673' class='answer   answerof-369652 ' value='1439673'   \/><label for='answer-id-1439673' id='answer-label-1439673' class=' answer'><span>Co-operative<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369652[]' id='answer-id-1439674' class='answer   answerof-369652 ' value='1439674'   \/><label for='answer-id-1439674' id='answer-label-1439674' class=' answer'><span>Partnership<\/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-369653'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>39. <\/span>How would a buyer measure value for money from a relationship with a new supplier for goods?<\/div><input type='hidden' name='question_id[]' id='qID_39' value='369653' \/><input type='hidden' id='answerType369653' 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-369653[]' id='answer-id-1439675' class='answer   answerof-369653 ' value='1439675'   \/><label for='answer-id-1439675' id='answer-label-1439675' class=' answer'><span>Audit of how suppliers promise<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369653[]' id='answer-id-1439676' class='answer   answerof-369653 ' value='1439676'   \/><label for='answer-id-1439676' id='answer-label-1439676' class=' answer'><span>Lowest possible cost<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369653[]' id='answer-id-1439677' class='answer   answerof-369653 ' value='1439677'   \/><label for='answer-id-1439677' id='answer-label-1439677' class=' answer'><span>Balance of quality and cost<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369653[]' id='answer-id-1439678' class='answer   answerof-369653 ' value='1439678'   \/><label for='answer-id-1439678' id='answer-label-1439678' class=' answer'><span>Quality and volume of goods<\/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-369654'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>40. <\/span>The executive board of a manufacturing company is requesting support from the procurement team because the company needs to improve its levels of profitability. After segmenting the overall spend by value and risk of supply, the senior buyer for the company is planning to undertake a cost modeling activity. This will be undertaken with a cross-organizational team of internal stakeholders and key strategic suppliers. <br \/>\r<br>What would be the buyer's initial objective from the cost modeling activity?<\/div><input type='hidden' name='question_id[]' id='qID_40' value='369654' \/><input type='hidden' id='answerType369654' 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-369654[]' id='answer-id-1439679' class='answer   answerof-369654 ' value='1439679'   \/><label for='answer-id-1439679' id='answer-label-1439679' class=' answer'><span>To understand the supplier's competitive threats<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369654[]' id='answer-id-1439680' class='answer   answerof-369654 ' value='1439680'   \/><label for='answer-id-1439680' id='answer-label-1439680' class=' answer'><span>To understand the supplier's financial status<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369654[]' id='answer-id-1439681' class='answer   answerof-369654 ' value='1439681'   \/><label for='answer-id-1439681' id='answer-label-1439681' class=' answer'><span>To understand the supplier's pricing strategy<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369654[]' id='answer-id-1439682' class='answer   answerof-369654 ' value='1439682'   \/><label for='answer-id-1439682' id='answer-label-1439682' class=' answer'><span>To understand the supplier's investment plans<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-41' style=';'><div id='questionWrap-41'  class='   watupro-question-id-369655'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>41. <\/span>Which of the following are examples of ways in which businesses can add value? Select THREE that apply.<\/div><input type='hidden' name='question_id[]' id='qID_41' value='369655' \/><input type='hidden' id='answerType369655' 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-369655[]' id='answer-id-1439683' class='answer   answerof-369655 ' value='1439683'   \/><label for='answer-id-1439683' id='answer-label-1439683' class=' answer'><span>Through delivering excellent service<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-369655[]' id='answer-id-1439684' class='answer   answerof-369655 ' value='1439684'   \/><label for='answer-id-1439684' id='answer-label-1439684' class=' answer'><span>Creating a win-win price<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-369655[]' id='answer-id-1439685' class='answer   answerof-369655 ' value='1439685'   \/><label for='answer-id-1439685' id='answer-label-1439685' class=' answer'><span>Product features and benefits<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-369655[]' id='answer-id-1439686' class='answer   answerof-369655 ' value='1439686'   \/><label for='answer-id-1439686' id='answer-label-1439686' class=' answer'><span>Reducing customer service levels<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-369655[]' id='answer-id-1439687' class='answer   answerof-369655 ' value='1439687'   \/><label for='answer-id-1439687' id='answer-label-1439687' class=' answer'><span>Investing in customers<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-369655[]' id='answer-id-1439688' class='answer   answerof-369655 ' value='1439688'   \/><label for='answer-id-1439688' id='answer-label-1439688' class=' answer'><span>Offering convenience<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-42' style=';'><div id='questionWrap-42'  class='   watupro-question-id-369656'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>42. <\/span>The director of procurement for a global telecommunications firm has segmented their expenditure and has decided to focus on developing relationships with their bottleneck suppliers. <br \/>\r<br>Is this the correct process?<\/div><input type='hidden' name='question_id[]' id='qID_42' value='369656' \/><input type='hidden' id='answerType369656' 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-369656[]' id='answer-id-1439689' class='answer   answerof-369656 ' value='1439689'   \/><label for='answer-id-1439689' id='answer-label-1439689' class=' answer'><span>No, as there is lots of variety of goods available<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369656[]' id='answer-id-1439690' class='answer   answerof-369656 ' value='1439690'   \/><label for='answer-id-1439690' id='answer-label-1439690' class=' answer'><span>No, as there is vast competition<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369656[]' id='answer-id-1439691' class='answer   answerof-369656 ' value='1439691'   \/><label for='answer-id-1439691' id='answer-label-1439691' class=' answer'><span>Yes, as there are low costs to switching suppliers<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369656[]' id='answer-id-1439692' class='answer   answerof-369656 ' value='1439692'   \/><label for='answer-id-1439692' id='answer-label-1439692' class=' answer'><span>Yes, as there are little or no other options available<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-43' style=';'><div id='questionWrap-43'  class='   watupro-question-id-369657'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>43. <\/span>A large office orders weekly from a stationery supplier. The items are low-cost, and if the delivery is a day late, it does not affect the running of the office. <br \/>\r<br>Where would this supplier be positioned in a supplier matrix?<\/div><input type='hidden' name='question_id[]' id='qID_43' value='369657' \/><input type='hidden' id='answerType369657' 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-369657[]' id='answer-id-1439693' class='answer   answerof-369657 ' value='1439693'   \/><label for='answer-id-1439693' id='answer-label-1439693' class=' answer'><span>Routine<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369657[]' id='answer-id-1439694' class='answer   answerof-369657 ' value='1439694'   \/><label for='answer-id-1439694' id='answer-label-1439694' class=' answer'><span>Leverage<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369657[]' id='answer-id-1439695' class='answer   answerof-369657 ' value='1439695'   \/><label for='answer-id-1439695' id='answer-label-1439695' class=' answer'><span>Critical<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369657[]' id='answer-id-1439696' class='answer   answerof-369657 ' value='1439696'   \/><label for='answer-id-1439696' id='answer-label-1439696' class=' answer'><span>Bottleneck<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-44' style=';'><div id='questionWrap-44'  class='   watupro-question-id-369658'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>44. <\/span>In the Purchasing Portfolio Matrix, a leverage product is a product in a market where it is easy to switch suppliers and the quality is standardized. Is this TRUE or FALSE?<\/div><input type='hidden' name='question_id[]' id='qID_44' value='369658' \/><input type='hidden' id='answerType369658' 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-369658[]' id='answer-id-1439697' class='answer   answerof-369658 ' value='1439697'   \/><label for='answer-id-1439697' id='answer-label-1439697' class=' answer'><span>False, the product is in a supply market which is highly complex and the product is of low importance<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369658[]' id='answer-id-1439698' class='answer   answerof-369658 ' value='1439698'   \/><label for='answer-id-1439698' id='answer-label-1439698' class=' answer'><span>False, the product is in a supply market which is highly complex and the product is of high importance<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369658[]' id='answer-id-1439699' class='answer   answerof-369658 ' value='1439699'   \/><label for='answer-id-1439699' id='answer-label-1439699' class=' answer'><span>True, the product is in a supply market which is of low complexity and the product is of high importance<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369658[]' id='answer-id-1439700' class='answer   answerof-369658 ' value='1439700'   \/><label for='answer-id-1439700' id='answer-label-1439700' class=' answer'><span>True, the product is in a supply market which is of low complexity and the product is of low importance<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-45' style=';'><div id='questionWrap-45'  class='   watupro-question-id-369659'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>45. <\/span>A partnership approach to a buyer-supplier relationship, as opposed to a traditional adversarial approach, would have which of the following characteristics?<\/div><input type='hidden' name='question_id[]' id='qID_45' value='369659' \/><input type='hidden' id='answerType369659' 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-369659[]' id='answer-id-1439701' class='answer   answerof-369659 ' value='1439701'   \/><label for='answer-id-1439701' id='answer-label-1439701' class=' answer'><span>Greater levels of transparency<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-369659[]' id='answer-id-1439702' class='answer   answerof-369659 ' value='1439702'   \/><label for='answer-id-1439702' id='answer-label-1439702' class=' answer'><span>Increased supplier contractual terms<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-369659[]' id='answer-id-1439703' class='answer   answerof-369659 ' value='1439703'   \/><label for='answer-id-1439703' id='answer-label-1439703' class=' answer'><span>Specifications designed by the buyer<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-369659[]' id='answer-id-1439704' class='answer   answerof-369659 ' value='1439704'   \/><label for='answer-id-1439704' id='answer-label-1439704' class=' answer'><span>Shared cost benefits<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-46' style=';'><div id='questionWrap-46'  class='   watupro-question-id-369660'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>46. <\/span>Hungry Sandwich Co. produces over 5,000 freshly made sandwiches on-site every day. The main ingredient that Hungry Sandwich Co. buys is bread. It is the item they spend the most money on, and they have a long-term partnership agreement with a local bakery to manufacture and supply fresh bread every morning. Using a supplier positioning matrix, which is the appropriate category for bread for Hungry Sandwich Co.?<\/div><input type='hidden' name='question_id[]' id='qID_46' value='369660' \/><input type='hidden' id='answerType369660' 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-369660[]' id='answer-id-1439705' class='answer   answerof-369660 ' value='1439705'   \/><label for='answer-id-1439705' id='answer-label-1439705' class=' answer'><span>Non-critical<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369660[]' id='answer-id-1439706' class='answer   answerof-369660 ' value='1439706'   \/><label for='answer-id-1439706' id='answer-label-1439706' class=' answer'><span>Bottleneck<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369660[]' id='answer-id-1439707' class='answer   answerof-369660 ' value='1439707'   \/><label for='answer-id-1439707' id='answer-label-1439707' class=' answer'><span>Abundant<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369660[]' id='answer-id-1439708' class='answer   answerof-369660 ' value='1439708'   \/><label for='answer-id-1439708' id='answer-label-1439708' class=' answer'><span>Strategic<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-47' style=';'><div id='questionWrap-47'  class='   watupro-question-id-369661'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>47. <\/span>Kyle Grant is a procurement director at ATSS Ltd and has introduced a new policy within the procurement function. The policy requires the procurement function to obtain quotations from multiple suppliers if a contract is worth over &pound;10,000. <br \/>\r<br>What is the primary aim of this policy?<\/div><input type='hidden' name='question_id[]' id='qID_47' value='369661' \/><input type='hidden' id='answerType369661' 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-369661[]' id='answer-id-1439709' class='answer   answerof-369661 ' value='1439709'   \/><label for='answer-id-1439709' id='answer-label-1439709' class=' answer'><span>To deliver an agile process<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369661[]' id='answer-id-1439710' class='answer   answerof-369661 ' value='1439710'   \/><label for='answer-id-1439710' id='answer-label-1439710' class=' answer'><span>To ensure value for money is achieved<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369661[]' id='answer-id-1439711' class='answer   answerof-369661 ' value='1439711'   \/><label for='answer-id-1439711' id='answer-label-1439711' class=' answer'><span>To allow procurement to select the lowest price<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369661[]' id='answer-id-1439712' class='answer   answerof-369661 ' value='1439712'   \/><label for='answer-id-1439712' id='answer-label-1439712' class=' answer'><span>To enable a reduction in competition<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-48' style=';'><div id='questionWrap-48'  class='   watupro-question-id-369662'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>48. <\/span>Rivalry between suppliers is more likely to be intense in which of the following situations?<\/div><input type='hidden' name='question_id[]' id='qID_48' value='369662' \/><input type='hidden' id='answerType369662' 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-369662[]' id='answer-id-1439713' class='answer   answerof-369662 ' value='1439713'   \/><label for='answer-id-1439713' id='answer-label-1439713' class=' answer'><span>1 and 2 only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369662[]' id='answer-id-1439714' class='answer   answerof-369662 ' value='1439714'   \/><label for='answer-id-1439714' id='answer-label-1439714' class=' answer'><span>2 and 4 only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369662[]' id='answer-id-1439715' class='answer   answerof-369662 ' value='1439715'   \/><label for='answer-id-1439715' id='answer-label-1439715' class=' answer'><span>1 and 3 only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369662[]' id='answer-id-1439716' class='answer   answerof-369662 ' value='1439716'   \/><label for='answer-id-1439716' id='answer-label-1439716' class=' answer'><span>1 and 4 only<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-49' style=';'><div id='questionWrap-49'  class='   watupro-question-id-369663'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>49. <\/span>A partnership between a software development company and a software supplier has recently been created. <br \/>\r<br>In order for the partnership to be successful, what is a critical action to take in the early stages of their relationship?<\/div><input type='hidden' name='question_id[]' id='qID_49' value='369663' \/><input type='hidden' id='answerType369663' 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-369663[]' id='answer-id-1439717' class='answer   answerof-369663 ' value='1439717'   \/><label for='answer-id-1439717' id='answer-label-1439717' class=' answer'><span>Define the standards both parties are expected to meet<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369663[]' id='answer-id-1439718' class='answer   answerof-369663 ' value='1439718'   \/><label for='answer-id-1439718' id='answer-label-1439718' class=' answer'><span>Look at costing models<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369663[]' id='answer-id-1439719' class='answer   answerof-369663 ' value='1439719'   \/><label for='answer-id-1439719' id='answer-label-1439719' class=' answer'><span>Promote the new partnership<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369663[]' id='answer-id-1439720' class='answer   answerof-369663 ' value='1439720'   \/><label for='answer-id-1439720' id='answer-label-1439720' class=' answer'><span>Complete audits on the performance of both parties<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-50' style=';'><div id='questionWrap-50'  class='   watupro-question-id-369664'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>50. <\/span>A comprehensive approach to managing the termination of a contractual relationship would include ...<\/div><input type='hidden' name='question_id[]' id='qID_50' value='369664' \/><input type='hidden' id='answerType369664' 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-369664[]' id='answer-id-1439721' class='answer   answerof-369664 ' value='1439721'   \/><label for='answer-id-1439721' id='answer-label-1439721' class=' answer'><span>Attacking the personalities, not the problem<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369664[]' id='answer-id-1439722' class='answer   answerof-369664 ' value='1439722'   \/><label for='answer-id-1439722' id='answer-label-1439722' class=' answer'><span>Setting aside the value of existing work done by both parties<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369664[]' id='answer-id-1439723' class='answer   answerof-369664 ' value='1439723'   \/><label for='answer-id-1439723' id='answer-label-1439723' class=' answer'><span>Giving qualitative feedback only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369664[]' id='answer-id-1439724' class='answer   answerof-369664 ' value='1439724'   \/><label for='answer-id-1439724' id='answer-label-1439724' class=' answer'><span>Setting remedies and compensation for contractual breaches<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-51' style=';'><div id='questionWrap-51'  class='   watupro-question-id-369665'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>51. <\/span>A company is about to invite tenders for a contract to clean external windows at several premises, all at least three storeys high. It is going to do this in two stages. For the first stage, it will issue a pre-qualification questionnaire (PQQ) and, from the replies, select at least five potential suppliers to invite to tender. <br \/>\r<br>Which of the following is a selection criterion rather than an award criterion?<\/div><input type='hidden' name='question_id[]' id='qID_51' value='369665' \/><input type='hidden' id='answerType369665' 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-369665[]' id='answer-id-1439725' class='answer   answerof-369665 ' value='1439725'   \/><label for='answer-id-1439725' id='answer-label-1439725' class=' answer'><span>Risk assessments at the premises<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369665[]' id='answer-id-1439726' class='answer   answerof-369665 ' value='1439726'   \/><label for='answer-id-1439726' id='answer-label-1439726' class=' answer'><span>Method statements for previous contracts<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369665[]' id='answer-id-1439727' class='answer   answerof-369665 ' value='1439727'   \/><label for='answer-id-1439727' id='answer-label-1439727' class=' answer'><span>Price that will be charged<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369665[]' id='answer-id-1439728' class='answer   answerof-369665 ' value='1439728'   \/><label for='answer-id-1439728' id='answer-label-1439728' class=' answer'><span>Environmental impact assessment<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-52' style=';'><div id='questionWrap-52'  class='   watupro-question-id-369666'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>52. <\/span>Which of the following would be benefits of partnership sourcing? Select TWO that apply.<\/div><input type='hidden' name='question_id[]' id='qID_52' value='369666' \/><input type='hidden' id='answerType369666' 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-369666[]' id='answer-id-1439729' class='answer   answerof-369666 ' value='1439729'   \/><label for='answer-id-1439729' id='answer-label-1439729' class=' answer'><span>Reduction in inflation<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-369666[]' id='answer-id-1439730' class='answer   answerof-369666 ' value='1439730'   \/><label for='answer-id-1439730' id='answer-label-1439730' class=' answer'><span>Reduction in costs<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-369666[]' id='answer-id-1439731' class='answer   answerof-369666 ' value='1439731'   \/><label for='answer-id-1439731' id='answer-label-1439731' class=' answer'><span>No need for contracts<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-369666[]' id='answer-id-1439732' class='answer   answerof-369666 ' value='1439732'   \/><label for='answer-id-1439732' id='answer-label-1439732' class=' answer'><span>Reduction in stakeholder numbers<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-369666[]' id='answer-id-1439733' class='answer   answerof-369666 ' value='1439733'   \/><label for='answer-id-1439733' id='answer-label-1439733' class=' answer'><span>Continuity of supply<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-53' style=';'><div id='questionWrap-53'  class='   watupro-question-id-369667'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>53. <\/span>National Hospital Trust (NHT) has entered into a partnership relationship with a major facilities management provider. The two organizations have agreed on the approach to undertake regular reviews and audits. The audit approach will include which of the following?<\/div><input type='hidden' name='question_id[]' id='qID_53' value='369667' \/><input type='hidden' id='answerType369667' 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-369667[]' id='answer-id-1439734' class='answer   answerof-369667 ' value='1439734'   \/><label for='answer-id-1439734' id='answer-label-1439734' class=' answer'><span>Category management and supplier rationalization<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369667[]' id='answer-id-1439735' class='answer   answerof-369667 ' value='1439735'   \/><label for='answer-id-1439735' id='answer-label-1439735' class=' answer'><span>Specification development and management<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369667[]' id='answer-id-1439736' class='answer   answerof-369667 ' value='1439736'   \/><label for='answer-id-1439736' id='answer-label-1439736' class=' answer'><span>Lessons learned and continuous improvement<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369667[]' id='answer-id-1439737' class='answer   answerof-369667 ' value='1439737'   \/><label for='answer-id-1439737' id='answer-label-1439737' class=' answer'><span>Macro and micro environmental analysis<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-54' style=';'><div id='questionWrap-54'  class='   watupro-question-id-369668'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>54. <\/span>Which of the following tender processes available to a buyer involves a Pre-Qualification Questionnaire (PQQ) to identify, assess, and create a shortlist of suppliers being invited to the Invitation to Tender (ITT) stage? Select TWO that apply.<\/div><input type='hidden' name='question_id[]' id='qID_54' value='369668' \/><input type='hidden' id='answerType369668' 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-369668[]' id='answer-id-1439738' class='answer   answerof-369668 ' value='1439738'   \/><label for='answer-id-1439738' id='answer-label-1439738' class=' answer'><span>Open Procedure<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-369668[]' id='answer-id-1439739' class='answer   answerof-369668 ' value='1439739'   \/><label for='answer-id-1439739' id='answer-label-1439739' class=' answer'><span>Mini-Competition Procedure<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-369668[]' id='answer-id-1439740' class='answer   answerof-369668 ' value='1439740'   \/><label for='answer-id-1439740' id='answer-label-1439740' class=' answer'><span>Restricted Procedure<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-369668[]' id='answer-id-1439741' class='answer   answerof-369668 ' value='1439741'   \/><label for='answer-id-1439741' id='answer-label-1439741' class=' answer'><span>Two-stage Procedure<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-369668[]' id='answer-id-1439742' class='answer   answerof-369668 ' value='1439742'   \/><label for='answer-id-1439742' id='answer-label-1439742' class=' answer'><span>Competitive Bidding Procedure<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-55' style=';'><div id='questionWrap-55'  class='   watupro-question-id-369669'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>55. <\/span>A medical consumables buyer has adopted a close relationship approach with their suppliers that are considered to be complicated, technical suppliers. Is this the right approach?<\/div><input type='hidden' name='question_id[]' id='qID_55' value='369669' \/><input type='hidden' id='answerType369669' 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-369669[]' id='answer-id-1439743' class='answer   answerof-369669 ' value='1439743'   \/><label for='answer-id-1439743' id='answer-label-1439743' class=' answer'><span>Yes, as the items are of high financial risk<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369669[]' id='answer-id-1439744' class='answer   answerof-369669 ' value='1439744'   \/><label for='answer-id-1439744' id='answer-label-1439744' class=' answer'><span>No, as there is often a supply risk with items offered<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369669[]' id='answer-id-1439745' class='answer   answerof-369669 ' value='1439745'   \/><label for='answer-id-1439745' id='answer-label-1439745' class=' answer'><span>Yes, as all the items supplied are off the shelf<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369669[]' id='answer-id-1439746' class='answer   answerof-369669 ' value='1439746'   \/><label for='answer-id-1439746' id='answer-label-1439746' class=' answer'><span>No, as there are only a small number of suppliers in the marketplace<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-56' style=';'><div id='questionWrap-56'  class='   watupro-question-id-369670'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>56. <\/span>A large construction group has a critical contract with a brick supplier. This represents high-value spend, and the contract has a five-year duration. <br \/>\r<br>What type of commercial relationship would be the most appropriate?<\/div><input type='hidden' name='question_id[]' id='qID_56' value='369670' \/><input type='hidden' id='answerType369670' 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-369670[]' id='answer-id-1439747' class='answer   answerof-369670 ' value='1439747'   \/><label for='answer-id-1439747' id='answer-label-1439747' class=' answer'><span>Partnership<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369670[]' id='answer-id-1439748' class='answer   answerof-369670 ' value='1439748'   \/><label for='answer-id-1439748' id='answer-label-1439748' class=' answer'><span>Transactional<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369670[]' id='answer-id-1439749' class='answer   answerof-369670 ' value='1439749'   \/><label for='answer-id-1439749' id='answer-label-1439749' class=' answer'><span>Closer Tactical<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369670[]' id='answer-id-1439750' class='answer   answerof-369670 ' value='1439750'   \/><label for='answer-id-1439750' id='answer-label-1439750' class=' answer'><span>Outsourcing<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-57' style=';'><div id='questionWrap-57'  class='   watupro-question-id-369671'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>57. <\/span>Fashion buyer Kamal Sumai is working closely with a key overseas supplier and is monitoring and forecasting cost volatility within the fabric market. Kamal has decided it is the right time to raise a purchase order with his supplier for a greater quantity of fabric than he currently needs. Kamal is attempting to avoid an imminent price increase. <br \/>\r<br>What is this tactic known as?<\/div><input type='hidden' name='question_id[]' id='qID_57' value='369671' \/><input type='hidden' id='answerType369671' 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-369671[]' id='answer-id-1439751' class='answer   answerof-369671 ' value='1439751'   \/><label for='answer-id-1439751' id='answer-label-1439751' class=' answer'><span>Spot buying<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369671[]' id='answer-id-1439752' class='answer   answerof-369671 ' value='1439752'   \/><label for='answer-id-1439752' id='answer-label-1439752' class=' answer'><span>Forward buying<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369671[]' id='answer-id-1439753' class='answer   answerof-369671 ' value='1439753'   \/><label for='answer-id-1439753' id='answer-label-1439753' class=' answer'><span>Derivative buying<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369671[]' id='answer-id-1439754' class='answer   answerof-369671 ' value='1439754'   \/><label for='answer-id-1439754' id='answer-label-1439754' class=' answer'><span>Hedging buying<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-58' style=';'><div id='questionWrap-58'  class='   watupro-question-id-369672'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>58. <\/span>What are the relationship characteristics of a Partnership?<\/div><input type='hidden' name='question_id[]' id='qID_58' value='369672' \/><input type='hidden' id='answerType369672' 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-369672[]' id='answer-id-1439755' class='answer   answerof-369672 ' value='1439755'   \/><label for='answer-id-1439755' id='answer-label-1439755' class=' answer'><span>Short-term focus and one-off transactions<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369672[]' id='answer-id-1439756' class='answer   answerof-369672 ' value='1439756'   \/><label for='answer-id-1439756' id='answer-label-1439756' class=' answer'><span>An adversarial relationship<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369672[]' id='answer-id-1439757' class='answer   answerof-369672 ' value='1439757'   \/><label for='answer-id-1439757' id='answer-label-1439757' class=' answer'><span>Sharing ideas and risk<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369672[]' id='answer-id-1439758' class='answer   answerof-369672 ' value='1439758'   \/><label for='answer-id-1439758' id='answer-label-1439758' class=' answer'><span>Focus on price competitiveness<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-59' style=';'><div id='questionWrap-59'  class='   watupro-question-id-369673'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>59. <\/span>A partnership was created between a company and one of its local suppliers when the managing directors of each company met and thought partnering could be a good idea. No other departments were included in the discussions. The partnership has been in place for over a year, but neither of the companies has achieved any additional benefits. The company has been unable to offer any increased business to the supplier, and the supplier has been unable to improve on the quality of its products. The partnership is going to be terminated. <br \/>\r<br>What is a possible main reason for the failure of <br \/>\r<br>the partnership?<\/div><input type='hidden' name='question_id[]' id='qID_59' value='369673' \/><input type='hidden' id='answerType369673' 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-369673[]' id='answer-id-1439759' class='answer   answerof-369673 ' value='1439759'   \/><label for='answer-id-1439759' id='answer-label-1439759' class=' answer'><span>Poor planning<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369673[]' id='answer-id-1439760' class='answer   answerof-369673 ' value='1439760'   \/><label for='answer-id-1439760' id='answer-label-1439760' class=' answer'><span>Market changes<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369673[]' id='answer-id-1439761' class='answer   answerof-369673 ' value='1439761'   \/><label for='answer-id-1439761' id='answer-label-1439761' class=' answer'><span>Distance barrier<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369673[]' id='answer-id-1439762' class='answer   answerof-369673 ' value='1439762'   \/><label for='answer-id-1439762' id='answer-label-1439762' class=' answer'><span>Cultural differences<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-60' style=';'><div id='questionWrap-60'  class='   watupro-question-id-369674'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>60. <\/span>Which circumstances make a buyer more attractive to the supplier?<\/div><input type='hidden' name='question_id[]' id='qID_60' value='369674' \/><input type='hidden' id='answerType369674' 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-369674[]' id='answer-id-1439763' class='answer   answerof-369674 ' value='1439763'   \/><label for='answer-id-1439763' id='answer-label-1439763' class=' answer'><span>Where the brand profile is high<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-369674[]' id='answer-id-1439764' class='answer   answerof-369674 ' value='1439764'   \/><label for='answer-id-1439764' id='answer-label-1439764' class=' answer'><span>When the buyer negotiates longer credit terms<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-369674[]' id='answer-id-1439765' class='answer   answerof-369674 ' value='1439765'   \/><label for='answer-id-1439765' id='answer-label-1439765' class=' answer'><span>Where the buyer exercises a stringent code of conduct<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-369674[]' id='answer-id-1439766' class='answer   answerof-369674 ' value='1439766'   \/><label for='answer-id-1439766' id='answer-label-1439766' class=' answer'><span>When the buyer is very procedural in its systems<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-61' style=';'><div id='questionWrap-61'  class='   watupro-question-id-369675'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>61. <\/span>According to Michael Porter, what is procurement?<\/div><input type='hidden' name='question_id[]' id='qID_61' value='369675' \/><input type='hidden' id='answerType369675' 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-369675[]' id='answer-id-1439767' class='answer   answerof-369675 ' value='1439767'   \/><label for='answer-id-1439767' id='answer-label-1439767' class=' answer'><span>a support activity which provides a source of competitive advantage<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369675[]' id='answer-id-1439768' class='answer   answerof-369675 ' value='1439768'   \/><label for='answer-id-1439768' id='answer-label-1439768' class=' answer'><span>a primary activity which provides a source of competitive activity<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369675[]' id='answer-id-1439769' class='answer   answerof-369675 ' value='1439769'   \/><label for='answer-id-1439769' id='answer-label-1439769' class=' answer'><span>a primary activity which provides value for money<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369675[]' id='answer-id-1439770' class='answer   answerof-369675 ' value='1439770'   \/><label for='answer-id-1439770' id='answer-label-1439770' class=' answer'><span>a secondary activity which provides value for money<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-62' style=';'><div id='questionWrap-62'  class='   watupro-question-id-369676'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>62. <\/span>Which of the following are considered part of the '5 Rights of Procurement'? Select THREE.<\/div><input type='hidden' name='question_id[]' id='qID_62' value='369676' \/><input type='hidden' id='answerType369676' 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-369676[]' id='answer-id-1439771' class='answer   answerof-369676 ' value='1439771'   \/><label for='answer-id-1439771' id='answer-label-1439771' class=' answer'><span>place<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-369676[]' id='answer-id-1439772' class='answer   answerof-369676 ' value='1439772'   \/><label for='answer-id-1439772' id='answer-label-1439772' class=' answer'><span>quality<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-369676[]' id='answer-id-1439773' class='answer   answerof-369676 ' value='1439773'   \/><label for='answer-id-1439773' id='answer-label-1439773' class=' answer'><span>cost<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-369676[]' id='answer-id-1439774' class='answer   answerof-369676 ' value='1439774'   \/><label for='answer-id-1439774' id='answer-label-1439774' class=' answer'><span>focus<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-369676[]' id='answer-id-1439775' class='answer   answerof-369676 ' value='1439775'   \/><label for='answer-id-1439775' id='answer-label-1439775' class=' answer'><span>time<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-63' style=';'><div id='questionWrap-63'  class='   watupro-question-id-369677'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>63. <\/span>In a monopoly market, which of the following statements is true?<\/div><input type='hidden' name='question_id[]' id='qID_63' value='369677' \/><input type='hidden' id='answerType369677' 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-369677[]' id='answer-id-1439776' class='answer   answerof-369677 ' value='1439776'   \/><label for='answer-id-1439776' id='answer-label-1439776' class=' answer'><span>bargaining power of suppliers is strong<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369677[]' id='answer-id-1439777' class='answer   answerof-369677 ' value='1439777'   \/><label for='answer-id-1439777' id='answer-label-1439777' class=' answer'><span>bargaining power of buyers is strong<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369677[]' id='answer-id-1439778' class='answer   answerof-369677 ' value='1439778'   \/><label for='answer-id-1439778' id='answer-label-1439778' class=' answer'><span>There is strong rivalry<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369677[]' id='answer-id-1439779' class='answer   answerof-369677 ' value='1439779'   \/><label for='answer-id-1439779' id='answer-label-1439779' class=' answer'><span>There is a threat of new entrants<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-64' style=';'><div id='questionWrap-64'  class='   watupro-question-id-369678'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>64. <\/span>In an oliogopy market, what would a regulator do?<\/div><input type='hidden' name='question_id[]' id='qID_64' value='369678' \/><input type='hidden' id='answerType369678' 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-369678[]' id='answer-id-1439780' class='answer   answerof-369678 ' value='1439780'   \/><label for='answer-id-1439780' id='answer-label-1439780' class=' answer'><span>prevent price fixing and collusion<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369678[]' id='answer-id-1439781' class='answer   answerof-369678 ' value='1439781'   \/><label for='answer-id-1439781' id='answer-label-1439781' class=' answer'><span>stop the market becoming a monopoly<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369678[]' id='answer-id-1439782' class='answer   answerof-369678 ' value='1439782'   \/><label for='answer-id-1439782' id='answer-label-1439782' class=' answer'><span>ensure value for money for buyers<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369678[]' id='answer-id-1439783' class='answer   answerof-369678 ' value='1439783'   \/><label for='answer-id-1439783' id='answer-label-1439783' class=' answer'><span>ensure health and safety standards<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-65' style=';'><div id='questionWrap-65'  class='   watupro-question-id-369679'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>65. <\/span>Which of the following would not affect rivalry in a marketplace? Select TWO.<\/div><input type='hidden' name='question_id[]' id='qID_65' value='369679' \/><input type='hidden' id='answerType369679' 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-369679[]' id='answer-id-1439784' class='answer   answerof-369679 ' value='1439784'   \/><label for='answer-id-1439784' id='answer-label-1439784' class=' answer'><span>industry growth or decline<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-369679[]' id='answer-id-1439785' class='answer   answerof-369679 ' value='1439785'   \/><label for='answer-id-1439785' id='answer-label-1439785' class=' answer'><span>exit barriers<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-369679[]' id='answer-id-1439786' class='answer   answerof-369679 ' value='1439786'   \/><label for='answer-id-1439786' id='answer-label-1439786' class=' answer'><span>switching costs<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-369679[]' id='answer-id-1439787' class='answer   answerof-369679 ' value='1439787'   \/><label for='answer-id-1439787' id='answer-label-1439787' class=' answer'><span>supply chain disruption<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-369679[]' id='answer-id-1439788' class='answer   answerof-369679 ' value='1439788'   \/><label for='answer-id-1439788' id='answer-label-1439788' class=' answer'><span>legislative changes<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-66' style=';'><div id='questionWrap-66'  class='   watupro-question-id-369680'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>66. <\/span>Which of the following factors would you use to analyse the macro-environment? Select THREE.<\/div><input type='hidden' name='question_id[]' id='qID_66' value='369680' \/><input type='hidden' id='answerType369680' 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-369680[]' id='answer-id-1439789' class='answer   answerof-369680 ' value='1439789'   \/><label for='answer-id-1439789' id='answer-label-1439789' class=' answer'><span>social<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-369680[]' id='answer-id-1439790' class='answer   answerof-369680 ' value='1439790'   \/><label for='answer-id-1439790' id='answer-label-1439790' class=' answer'><span>cultural<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-369680[]' id='answer-id-1439791' class='answer   answerof-369680 ' value='1439791'   \/><label for='answer-id-1439791' id='answer-label-1439791' class=' answer'><span>political<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-369680[]' id='answer-id-1439792' class='answer   answerof-369680 ' value='1439792'   \/><label for='answer-id-1439792' id='answer-label-1439792' class=' answer'><span>philosophical<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-369680[]' id='answer-id-1439793' class='answer   answerof-369680 ' value='1439793'   \/><label for='answer-id-1439793' id='answer-label-1439793' class=' answer'><span>legislative<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-67' style=';'><div id='questionWrap-67'  class='   watupro-question-id-369681'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>67. <\/span>Gabriel is a procurement manager who wishes to explore a new avenue to procure products for his company. His manager has told him that he should invite internal stakeholders to a meeting to get their feedback. Who should Gabriel invite? Select THREE.<\/div><input type='hidden' name='question_id[]' id='qID_67' value='369681' \/><input type='hidden' id='answerType369681' 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-369681[]' id='answer-id-1439794' class='answer   answerof-369681 ' value='1439794'   \/><label for='answer-id-1439794' id='answer-label-1439794' class=' answer'><span>end-users<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-369681[]' id='answer-id-1439795' class='answer   answerof-369681 ' value='1439795'   \/><label for='answer-id-1439795' id='answer-label-1439795' class=' answer'><span>legal department<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-369681[]' id='answer-id-1439796' class='answer   answerof-369681 ' value='1439796'   \/><label for='answer-id-1439796' id='answer-label-1439796' class=' answer'><span>customers<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-369681[]' id='answer-id-1439797' class='answer   answerof-369681 ' value='1439797'   \/><label for='answer-id-1439797' id='answer-label-1439797' class=' answer'><span>suppliers<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-369681[]' id='answer-id-1439798' class='answer   answerof-369681 ' value='1439798'   \/><label for='answer-id-1439798' id='answer-label-1439798' class=' answer'><span>employees<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-68' style=';'><div id='questionWrap-68'  class='   watupro-question-id-369682'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>68. <\/span>Value for money is often described at the \u2018three Es\u2019; economy, efficiency and effectiveness. However some people consider a 4th E which refers to the public sector. <br \/>\r<br>What is the fourth E?<\/div><input type='hidden' name='question_id[]' id='qID_68' value='369682' \/><input type='hidden' id='answerType369682' 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-369682[]' id='answer-id-1439799' class='answer   answerof-369682 ' value='1439799'   \/><label for='answer-id-1439799' id='answer-label-1439799' class=' answer'><span>Equality<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369682[]' id='answer-id-1439800' class='answer   answerof-369682 ' value='1439800'   \/><label for='answer-id-1439800' id='answer-label-1439800' class=' answer'><span>Environment<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369682[]' id='answer-id-1439801' class='answer   answerof-369682 ' value='1439801'   \/><label for='answer-id-1439801' id='answer-label-1439801' class=' answer'><span>Equity<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369682[]' id='answer-id-1439802' class='answer   answerof-369682 ' value='1439802'   \/><label for='answer-id-1439802' id='answer-label-1439802' class=' answer'><span>Ethics<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-69' style=';'><div id='questionWrap-69'  class='   watupro-question-id-369683'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>69. <\/span>A garden centre has recently purchased some lollypop sticks to use as plant labels. The staff have written the name of the plant on the lollypop stick and put it next to the plant. This helps them identify which plant is which. However, after a couple of weeks, the lollypop sticks have become mouldy and the writing has faded. Staff are now struggling to identity their plants. The Manager of the garden centre is considering returning the lollypop sticks and asking for a full refund as they were not fit for purpose. <br \/>\r<br>Can the Manager do this?<\/div><input type='hidden' name='question_id[]' id='qID_69' value='369683' \/><input type='hidden' id='answerType369683' 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-369683[]' id='answer-id-1439803' class='answer   answerof-369683 ' value='1439803'   \/><label for='answer-id-1439803' id='answer-label-1439803' class=' answer'><span>Yes- the lollypop sticks have gone mouldy- this is unacceptable<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369683[]' id='answer-id-1439804' class='answer   answerof-369683 ' value='1439804'   \/><label for='answer-id-1439804' id='answer-label-1439804' class=' answer'><span>Yes- so long as the manager kept the receipt<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369683[]' id='answer-id-1439805' class='answer   answerof-369683 ' value='1439805'   \/><label for='answer-id-1439805' id='answer-label-1439805' class=' answer'><span>No- as this was not the lollypop sticks intended purpose<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369683[]' id='answer-id-1439806' class='answer   answerof-369683 ' value='1439806'   \/><label for='answer-id-1439806' id='answer-label-1439806' class=' answer'><span>No- the manager cannot prove that the product is faulty<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-70' style=';'><div id='questionWrap-70'  class='   watupro-question-id-369684'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>70. <\/span>Fred is a new procurement manager at a large engineering firm. They procure 100s of components and use these to make kitchen appliances such as kettles and toasters. He has been asked by his manager to look into procuring a new component which will go into a new environmentally friendly kettle and has been asked to ensure that the firm receives value for money. <br \/>\r<br>What should Fred do?<\/div><input type='hidden' name='question_id[]' id='qID_70' value='369684' \/><input type='hidden' id='answerType369684' 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-369684[]' id='answer-id-1439807' class='answer   answerof-369684 ' value='1439807'   \/><label for='answer-id-1439807' id='answer-label-1439807' class=' answer'><span>Hold an open competition<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369684[]' id='answer-id-1439808' class='answer   answerof-369684 ' value='1439808'   \/><label for='answer-id-1439808' id='answer-label-1439808' class=' answer'><span>Contact current suppliers to try and get a good deal<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369684[]' id='answer-id-1439809' class='answer   answerof-369684 ' value='1439809'   \/><label for='answer-id-1439809' id='answer-label-1439809' class=' answer'><span>Invite known suppliers to bid for the contract<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-369684[]' id='answer-id-1439810' class='answer   answerof-369684 ' value='1439810'   \/><label for='answer-id-1439810' id='answer-label-1439810' class=' answer'><span>Put together a business case to make the product in-house<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div style='display:none' id='question-71'>\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=\"watuPROButtons9291\" >\n\t\t  <div id=\"prev-question\" style=\"display:none;\"><input type=\"button\" value=\"&lt; Previous\" onclick=\"WatuPRO.nextQuestion(event, 'previous');\"\/><\/div>\t\t  \t\t  \t\t   \n\t\t   \t  \t\t<div><input type=\"button\" name=\"action\" class=\"watupro-submit-button\" onclick=\"WatuPRO.submitResult(event)\" id=\"action-button\" value=\"View Results\"  \/>\n\t\t<\/div>\n\t\t<\/div>\n\t\t\n\t<input type=\"hidden\" name=\"quiz_id\" value=\"9291\" id=\"watuPROExamID\"\/>\n\t<input type=\"hidden\" name=\"start_time\" id=\"startTime\" value=\"2026-04-28 15:40:36\" \/>\n\t<input type=\"hidden\" name=\"start_timestamp\" id=\"startTimeStamp\" value=\"1777390836\" \/>\n\t<input type=\"hidden\" 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