Question 1

A contract can be amended if both parties are in agreement, for example, to revise quantities, KPIs, payment terms, length of contract, etc.

Options :

A : TRUE

B : FALSE

Answer: A

Question 2

Purchases can be made under a framework agreement by the way of what?

Options :

A : A call off order

B : A tear off order

C : A pull off order

D : A push off order

Answer: A

Question 3

What does the term OEM stand for?

Options :

A : Original engineering maker

B : Original engineering manufacturer

C : Original equipment maker

D : Original equipment manufacturer

Answer: D

Question 4

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 5

Transport, Inventory, Motion, Waiting, Over Production, Over Processing and Defects are more commonly known as what?

Options :

A : The 7 Processes

B : The 7 Wastes

C : The 7 Sins

D : The 7 Procurements

Answer: B

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