‘The usefulness of lifetime costing is for decision-making about whether to acquire an asset with an expected:
A term used to describe preparatory activities undertaken after a contractor has been appointed, but before they have commenced work. Often used in projects, construction or management consultan-cy
‘Something which carries on over time, going round in repetitive circles’, is called a:
KPIs should be:
The objective of value engineering has been described as:
Select the two words which explain least well why the procurement of services can be more chal-lenging than the procurement of physical products:
A product of less-than-satisfactory quality might be said to have a:
Which of the following are likely to encourage sound ethical practices within a procurement department?
Key Performance Indicators could be said to be:
The price / cost …
Where the buyer’s and seller’s conditions of contract clash, this is commonly known as ‘the battle of the…’
The crime of obtaining money through threats or force, is called:
XXXX can be defined as ‘easy and timely access to information’, according to the Profex textbook for this subject. What is XXXX?
Which two of the following are world-famous quality management gurus?
The purpose of a specification is (select all that apply):
‘I’m not really well up on ethics within organisations, especially within procurement. Where can I find some really good quality up-to-date information about ethics?’ Choose one.
Imagine that the Chief Executive of a UK bank attempted to learn the name of a whistleblower within the bank - the whistleblower had earlier reported wrongdoing within the bank to the state banking authorities anonymously. Trying to find the name of the whistleblower was a breach of the organisation’s internal protocol which guaranteed anonymity to whistleblowers. Imagine the regula-tory authorities in both the UK and the US took action as a result. What is the most likely action which would be taken by the authorities?
The act of secretly and illegally stealing funds which have been placed in the individual’s trust, or money belonging to a person’s employer:
You work as a buyer for a large international corporation. You are currently involved in managing a high-value tender, and one of the potential bidders offers to take you to a horse-racing event, with all expenses paid. The offer is for you alone; not for colleagues in your organisation. What do you do?
Decisions which do not represent the best overall outcome for the organisation could be called:
Regarding quality management, how many defects?
‘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?
‘Reputation gained through proficiency, ability or achievement’ (as used in the CIPS Code of Con-duct)
The abbreviation ‘KPI’ stands for:
Cause and effect diagrams, also known as Ishikawa diagrams, are sometimes also known, because of their shape, as:
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:
Copyright © 2021-2024 CertsTopics. All Rights Reserved
