Ethical Procurement and Supply L3M2 Exam Online Dumps

dumps2024-06-08T09:24:54+08:00

The online dumps of the Ethical Procurement and Supply L3M2 exam are a valuable resource for individuals preparing for the L3M2 exam. They provide an extensive collection of past exam questions and solutions, aiding in understanding the examination pattern and the types of questions that may appear. Free Ethical Procurement and Supply L3M2 exam online dumps are available below.

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1. Spot the odd one out.

Effectiveness

Ecology

Efficiency

Economy

2. You have invited quotations for some building maintenance work to be done at your organisational headquarters. Your sister has recently taken up a position as Head of Marketing at one of the firms which has quoted for the work.

What should you do?

Disbar the firm your sister works in, from the exercise, as the connection could create undesirable rumours about malpractice.

Do nothing C you know you are honest and that is what matters.

Ask your sister to take you out for dinner on her expense account to discuss the matter.

Advise your line manager in writing, and ask to be excused from participation in this particular procurement exercise.

3. Disclose, distance, delegate, …?

Dislocate

Disassociate

Discriminate

Discombobulate

4. Where performance of the contract may be impossible because of external unforeseen factors, this may be called:

Force majeure

Force supérieure

Force ouvrière

Mutatis mutandis

5. KPIs should be:

START

SMART

SWART

SHARP

6. ‘Something which carries on over time, going round in repetitive circles’, is called a:

Scheme

Cycle

Circuit

Process map

7. In the period in question, the budget for staff overtime and bonuses is zero.

The actual expenditure is 2,900.

Is this variance:

Averse?

Favourable?

Adverse?

Zero?

8. ‘EBI’ stands for:

Earnest business interest

Early buyer involvement

Ethical business interest

Eager buyer involvement

9. Which of the following most closely represents 'the five rights'?

PTQQQ

QQPTT

QQPPT

PPTTQ

10. Which of the following is not a concept related to quality management?

SPC

FMEA

TQM

SPQR

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11. The crime of obtaining money through threats or force, is called:

Fraud

Bribery

Embezzlement

Extortion

12. The axes on the Mendelow stakeholder management matrix are:

Power and interest

Power and influence

Risk and interest

Risk and reward

13. The abbreviation ‘SOP’ stands for:

Standard office procedure

Standard operating procedure

System operating perfectly

Standard operations process

14. A specification which focuses on the outputs of a requirement is called:

Non-conformance

Performance

Conformance

Non-performance

15. ‘Value engineering is a structured approach to increasing the value obtained from a product by of-fering the same level of XXXXX at a lower cost’.

What is XXXXX?

Functionality

Service

Applicability

Practicality

16. The Pareto Principle, broadly speaking, is also known as (choose two):

ABC Analysis

The Rule of Three

The 80-20 Rule

Value Analysis

17. Select the two words which explain least well why the procurement of services can be more challenging than the procurement of physical products:

Intangible

Variable

Permeable

Inseparable

Perishable

Unimaginable

18. Giving or taking a payment of money to induce a person to act in breach of trust and do something they should not do is called:

Embezzlement

Extortion

Fraud

Bribery

19. A margin within which a specification can vary slightly C the outer limits of what is acceptable to the buyer C can be described as:

Impedances

Balances

Tolerances

Ordinances

20. A chart of the concept of 'economies of scale' would have two axes.

Which two?

Price per unit

Cost per unit

Scale of operations

Economies of operation

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21. The Profex textbook for this subject, states that ‘specifications are said to be ‘the heart of the con-tract’. The book then goes on to state that goods supplied must be ‘fit for…’

A King

Usage

The requirement

Purpose

22. You work as a buyer for a large international corporation. You are currently involved in negotiating a high-value contract, and one of the supplier’s representatives offers to take you to a dog-racing event, with all expenses paid. The offer is open to the whole of your procurement team.

What do you do?

Decline

23. The purpose of a specification is (select all that apply):

Provide a means of evaluation of a product or service

Act as a means of exchange

Define the requirement

Communicate the requirement clearly

24. Van Weele wrote that ‘quality is the degree in which XXXX requirements are met. We speak of a quality product or quality service when supplier and XXXX agree on requirements and those requirements are met’.

Replace XXX

Specifier

Designer

Customer

Manufacturer

25. Thinking of Carter’s 10 C’s, the ‘c’ for Commitment refers to:

Delivery

Profit

Quality

Customer

26. Restricted or limited tendering is also sometimes known as:

Effective

Elective

Selective

Invective

27. ‘Efficiency is measured in terms of a quantity of …’

Output per unit of input resource

Resource per unit of input

Input per unit of output resource

Throughput

Ethical Procurement and Supply L3M2 Exam Online Dumps

Ethical Procurement and Supply L3M2 Exam Online Dumps

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