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  4. L3M2 - Ethical Procurement and Supply

L3M2 Exam Dumps - Ethical Procurement and Supply

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Question # 17

Finding new potential suppliers using the internet might be known as:

A.

e-sourcing

B.

e-scouring

C.

e-souring

D.

e-auction

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Question # 18

In a tender process, if a bidder realises there is a mistake in their bid submission, for most buying organisations, under what circumstances will the buyer allow the bidder to alter their submission, to correct their error?

A.

Anytime, including after bid receipt closing date, but before bids have been opened.

B.

At no time, never.

C.

Anytime, including after bid receipt closing date, even if bids have been opened.

D.

Anytime, up to bid receipt closing date.

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Question # 19

The axes on the Kraljic matrix are (select two):

A.

Cost / profit impact

B.

Supplier perception of the buyer

C.

Number of suppliers

D.

Risk to security of supply

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Question # 20

The formal appraisal of a current supplier, measured in terms of factors such as quality, timeliness of delivery, etc is known as:

A.

Vendor rating

B.

Overall rating

C.

Quality rating

D.

Ship's rating

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Question # 21

‘A product will not survive commercially unless it satisfies XXXX needs’. Which one of the follow-ing is the most important fit for XXXX?

A.

Customer

B.

Manufacturer

C.

Sales and marketing

D.

Government agency

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Question # 22

The axes on the Mendelow stakeholder management matrix are:

A.

Power and interest

B.

Power and influence

C.

Risk and interest

D.

Risk and reward

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Question # 23

‘Reputation gained through proficiency, ability or achievement’ (as used in the CIPS Code of Con-duct)

A.

Statute

B.

Status

C.

Stature

D.

Statue

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Question # 24

The crime of obtaining money through threats or force, is called:

A.

Fraud

B.

Bribery

C.

Embezzlement

D.

Extortion

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