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L3M1 Exam Dumps : Procurement and Supply Environments

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Procurement and Supply Environments Questions and Answers

Question 1

Monetary policy deals with:

Options:

A.

Government decisions and actions regarding exchange rates and unemployment in the economy

B.

Government decisions and actions regarding the size of banknotes and coins in the economy

C.

Government decisions and actions regarding the level of interest rates and supply of money in the economy

D.

Government decisions and actions regarding the balance between taxation revenue and public expenditure

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Question 2

'Price' and 'payment terms' are the same thing.

True or false?

Options:

A.

False

B.

True

Question 3

Continuously gathering and analysing intelligence from sources such as professional, industry and trade journals, websites, conferences and exhibitions, published reports and online databases is called:

Options:

A.

Industrial espionage

B.

Purchasing research

C.

Data analysis

D.

Environmental scanning