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TESTED 21 Nov 2024
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Imagine that the Chief Executive of a UK bank attempted to learn the name of a whistleblower within the bank - the whistleblower had earlier reported wrongdoing within the bank to the state banking authorities anonymously. Trying to find the name of the whistleblower was a breach of the organisation’s internal protocol which guaranteed anonymity to whistleblowers. Imagine the regula-tory authorities in both the UK and the US took action as a result. What is the most likely action which would be taken by the authorities?
The time between recognition / origin of the need; through to usage or consumption is described as:
‘The act of drawing the attention of someone in authority, to an alleged instance of unethical con-duct’, is called:
Use of competition is most obviously going to influence which of the following ‘rights’?
In a manufacturing business, there are two important materials budgets. One is called ‘materials pur-chases budget’ and the other is called ‘materials XXX budget’. What is the missing word?
Which two of the following would be unlikely to increase value for money for an organisation?
The formal appraisal of a current supplier, measured in terms of factors such as quality, timeliness of delivery, etc is known as:
Which ISO standard describes quality as ‘the degree to which a set of inherent characteristics fulfils requirements’?
In the period in question, the budget for staff overtime and bonuses is zero.
The actual expenditure is 2,900.
Is this variance:
Select the two words which explain least well why the procurement of services can be more chal-lenging than the procurement of physical products:
According to the Profex textbook for this subject, specifications are said to be ‘the heart of the con-tract'.
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?
Where the buyer’s and seller’s conditions of contract clash, this is commonly known as ‘the battle of the…’
‘From an accounting perspective, added value is total XXXXXX minus total costs of all activities’.
Which word is missing?
The budget for procurement staff costs is 100,000 but only 90,000 has been spent in the period. This has resulted in substantial further work for procurement staff members, sometimes working into the evening or at weekends.
Individuals, units, teams, groups or organisations that have an influence over procurement, or which are affected by procurement operations, can be called:
TESTED 21 Nov 2024