Question 1

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 2

‘EBI’ stands for:

Options :

A : Eager buyer involvement

B : Early buyer involvement

C : Earnest business interest

D : Ethical business interest

Answer: B

Question 3

Restricted or limited tendering is also sometimes known as:

Options :

A : Elective

B : Effective

C : Invective

D : Selective

Answer: D

Question 4

‘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 5

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

Free L3M2 Mock Exam – Practice Online Confidently