Question 1

‘EBI’ stands for:

Options :

A : Eager buyer involvement

B : Early buyer involvement

C : Earnest business interest

D : Ethical business interest

Answer: B

Question 2

‘Sometimes descriptions of the need are best created by a cross-XXXX team’. What does XXXX represent here?

Options :

A : Regional

B : Industrial

C : Functional

D : Funicular

Answer: C

Question 3

The abbreviation ‘KPI’ stands for:

Options :

A : Key performance indicator

B : Key procurement indicator

C : Key personnel insurance

D : Key performance improvement

E : Key performance inducement

Answer: A

Question 4

Select the two words which explain least well why the procurement of services can be more challenging than the procurement of physical products:

Options :

A : Permeable

B : Unimaginable

C : Intangible

D : Inseparable

E : Variable

F : Perishable

Answer: A,B

Question 5

Value can be added through XXXX reduction or by making a process more efficient or more effective'

Options :

A : Cost

B : Value

C : Profit

D : Cash

Answer: A

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