Online Access Free L4M4 Exam Questions

What are some of the benefits of conducting unscheduled supplier audits? Select TWO that apply.

• A.Unscheduled audits increase the risk of providing misinformation
• B.Unscheduled audits are more time-efficient than scheduled audits
• C.Unscheduled audits help to achieve an unbiased assessment
• D.Unscheduled audits help to identify non-compliance issues
• E.Unscheduled audits significantly reduce costs compared to scheduled visits

Why should procurement collate and review the buying organisation's historic supplier spend data prior to tendering?
To identify opportunities where savings can be achieved
To ensure suppliers deliver goods and services on time
To eliminate supplier corruption and favouritism
To make informed decisions about the suppliers to work with

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

Which of the following are considerations when evaluating quality as a criterion for supplier selection? Select TWO that apply.

• A.The existence of policies and initiatives toward more sustainable packaging and materials
• B.Certification to the management system ISO 14001
• C.The supplier's environmental impact analysis
• D.Certification to the management system ISO 9001
• E.The existence of Total Quality Management (TQM) and a continuous improvement culture

Tulip Rose Industries is using a restricted approach to tendering for a new contract for the facilities management of their seven factories which produce furniture made of organic materials. What is likely to be the reason they are using a restricted approach?

• A.interest in the tender opportunity is likely to be high
• B.interest in the tender opportunity is likely to be low
• C.the requirement is complex
• D.the suppliers are likely to be unqualified

Which of the following would you use to work out a company's gearing ratio? Select TWO.
0current liabilities

• A.long term debt
• B.net profit
• C.gross sales
• D.shareholder equity