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Passed Exam Today L4M2

Page: 7 / 18
Total 237 questions

Defining Business Needs Questions and Answers

Question 25

SET Group are a start-up company trying to estimate the direct costs of materials for a project. The organisation has limited procurement records available. Would using general industry averages as a benchmark provide an accurate estimation of the project costs?

Options:

A.

Yes, industry benchmarks are always kept up to date to consider real-time market conditions

B.

No, the organisation will not have access to industry benchmarks as they are a new organisation

C.

No, industry benchmarks do not consider specific specifications, quality requirements, or real-time market conditions

D.

Yes, cost predictions do not need to be accurate as they are just an initial guess

Question 26

An IT department has tasked procurement to help produce a conformance specification for new company laptops. Which factor is common within a conformance specification?

Options:

A.

Meets the operational requirements

B.

Tends to be short and specific

C.

Allows flexibility in the offering

D.

Meets the specification standard

Question 27

NO: 34

Which of the following activities would apply to a straight rebuy procurement?

    Reviewing existing specifications and arrangements

    Engaging in extensive purchasing research

    Engaging in proactive value engineering

    Optimising inventory replenishment methods

Options:

A.

1 and 4 only

B.

2 and 3 only

C.

1 and 3 only

D.

2 and 4 only

Question 28

Which of the following are main focuses of ISO 27001:2013 standard?

1. Confidentiality

2. Logistics

3. Process

4. Life cycle

Options:

A.

1 and 3 only

B.

3 and 4 only

C.

2 and 3 only

D.

2 and 4 only

Page: 7 / 18
Total 237 questions