Online Access Free L4M2 Practice Test

What is the contribution of marketing function to the development of specification?

• A.Marketing ensures that conformance specification will never be used
• B.Marketing consults on technical requirements of the product
• C.Marketing ensures that procurement function doesn ' t involve in developing specification
• D.Marketing provides ideas on customer ' s taste and market trends

Why should the buying organisation require the supplier to carry out acceptance testing?

• A.To compare between the account payables and account receivables
• B.To get the approval from the senior management
• C.To see whether the supplier engages in unethical business practice
• D.To check whether the product matches the specification

A company assembles its finished products from a wide selection of components. It is analysing these components to see which features are needed and whether any features can be removed to save costs. The.
eventual aim is to purchase fewer components but in larger quantities to lower price and reduce costs. Which of the following could result from this process?
1. Variety reduction
2. Value engineering
3. Ratio analysis
4. Standardisation

• A.1 and 4 only
• B.1 and 2 only
• C.2 and 3 only
• D.3 and 4 only

Ranjit is purchasing a large piece of laboratory equipment which is brand new to the market. Can this be classified as a straight re-buy?

• A.No, as this has not been specified or sourced before
• B.Yes, as there is an existing specification
• C.No, as a standing purchase agreement exists
• D.Yes, as the equipment is available from a supplier used in the past

Which of the following agencies can produce a technical standard?

• A.BSI
• B.Marketing department
• C.Department of State
• D.House of Lords