Question 1

There are 2 types of specifications, what are they?

Options :

A : Capacity and Price

B : Commodity and Production

C : Conformance and Performance

D : Customer and Prevention

Answer: C

Question 2

A buyer review suppliers’ CSR policies prior to contracting but is no necessary to do again throughout contract to ensure they remain in line

Options :

A : TRUE

B : FALSE

Answer: B

Question 3

There are three sectors that all business activity fits into, which sector is concerned with extracts raw materials from the Earth? (e.g. mining coal, drilling oil, extracting metal, farming crops and fishing)

Options :

A : Primary sector

B : Quaternary sector

C : Secondary sector

D : Tertiary sector

Answer: A

Question 4

What is said to be the control of the flow of goods or services between two points?

Options :

A : Distribution

B : Logistics

C : Materials Management

D : The supply chain

Answer: B

Question 5

What type of purchase would you be making for things that are of value to a business, such as machinery or buildings? They are assets to a business, and their value depreciates over time.

Options :

A : Capital purchase

B : Revenue purchase

Answer: A

Free L2M1 Mock Exam – Practice Online Confidently

Buying Options: