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Company V has made the decision to operate using Six Sigma in order to manage the supply chain within the production process. What process below is the method used to continually monitor and chart a process while it is operating?

Options:

Statistical process control

Material requirements planning

Lean thinking

Reverse logistics

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Question 2

The finance function of Company E are considering using blockchain technology for its ledger systems Which of the following will be an advantage of introducing this technology?

Options:

Costs of maintaining and reconciling ledgers can be reduced

Transactions are recorded by a sole participant

It will be easy to understand and work with.

Records can be easily changed and amended

Question 3

Which of the following best describes the 'passive stage' of purchasing?

Options:

Purchasing has no strategic direction

Purchasing is concentrated on price negotiation

Purchasing integrates latest practices and technology

Purchasing is independent of corporate strategy

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Managing Finance in a Digital World Questions and Answers

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