Online Access Free A10 Exam Questions

Which of the following is a useful indicator that the value of stock held is too high or too low?

• A.Comparing the total value of receipts into and issues out of store against the same period in the previous year
• B.Comparing the total value of receipts into store against the same period in the previous year
• C.Comparing the total value of issues out of store against the same period in the previous year
• D.Comparing the total value of lost or damaged stock against the same period in the previous year.

Which of the following is an appropriate method of assessing an individual purchaser's performance?

• A.A supplier development programme
• B.An appraisal scheme
• C.A supplier rating programme
• D.A quality circle programme

Which one of the following is a recognised measure of financial performance?

• A.Stock exchange viability test
• B.CLIP performance
• C.Sales analysis
• D.Net profit before tax

A buyer is concerned about improving the cost of materials received. Which of the following would be considered the best means of assessing current purchasing performance?

• A.Inflation assessment calculations
• B.Negotiation with existing suppliers
• C.Cost/profit volume analysis
• D.Comparisons with industry index numbers

Which one of the following is the best example of a goal that will directly affect purchasing performance?

• A.Increase market-share by 'x'% by June 2007
• B.Increase machine output by 'y'% by end May 2005
• C.Increase marketing and advertising budgets this year
• D.Increase departmental productivity by 'z'% over the next three months.