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L4M2 Exam Dumps : Defining Business Needs

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Defining Business Needs Questions and Answers

Question 1

Josh, a junior procurement analyst, was asked to analyse the cost breakdowns for some of the major

category products that he purchases for the engineering company he works for. He has looked at various types of costs and has identified some correlations. Which of the following are correct?

Options:

A.

1. Direct product costs tend to be variable costs for the organisation

B.

2. Indirect product costs tend to be fixed costs for the organisation

C.

3. Direct costs are also known as the overheads for the organisation

D.

4. Indirect costs are also known as the marginal costs for the organisation

E.

1 and 2 only

F.

1 and 4 only

G.

3 and 4 only

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Question 2

Which of the following is the new technology that has impact on manufacturing sector?

Options:

A.

Social Media

B.

E-commerce

C.

Robotics

D.

Blockchain

Question 3

Which of the following is a risk to buying organization when using conformance specification?

Options:

A.

Buyer is responsible for product failure

B.

Buyer may face liquidity risks

C.

Buyer cannot control the inputs

D.

Time to produce specification is shortened