
L4M4 Ethical and Responsible Sourcing
Authored by Helen Stone
Other
Professional Development
Used 2+ times

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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A large public sector Org is subject to regulation about awarding a high value contract. It is seeking to award a large service contract and is aware that there are many potential suppliers. The requirement is not urgent. The specifications for the service are clear. The main concern of the Org is to find the supplier who can deliver the most economically advantageous service.
Which of the following approaches to awarding the supply contract is likely to be the most appropriate and in compliance with procurement regulations
Restricted Tendering
Competitive dialogue
Direct Award
Negotiated procedure
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which aspect of a supplier's financial position is usefully assessed with an acid test ratio
Profitability
Liquidity
Growth
Debt Levels
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which one of the following might be used to assess the technical capability of a supplier of electronic components
Meeting recognised labour standards
Inspection systems for detecting defective output
Compatibility of supplier's and buyer's IT systems
Production methods and age of equipment
4.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
A company uses prequalification procedures of supplier selection and invites only prequalified suppliers to tender for large procurement contracts.
Which of the following criteria are likely to be used to reach a decision about awarding a particular procurement contract for the purchase of components for a manufactured product.
Select TWO that apply
Financial stability of the supplier
Meeting labour standards
Whole life costs
Supplier price
Conformance
5.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Which of the following regulations might affect procurement by companies in the private sector.
Select TWO that apply.
Public sector procurement regulations
Anti-cartel legislation
Product safety standards
International product standards
Quality management standards
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following incoterms place the least responsibility on the buyer for transportation of the goods
EXW
DDP
CIP
FOB
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which one of the following methods of payment in international trade is the most secure against credit risk for the exporter
Bank transfer
Letter of credit
Payment in advance
Trading on open account
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