Free L4M2 Mock Exam – Practice Online Confidently

Which of the following are examples of fixed costs in a business?

A procurement team is categorising their purchased items into four quadrants of Kraljic's supply chain portfolio matrix. They realise that there are some low-value items which come from very few suppliers in the market. The organisation is critically dependent on these suppliers. The team plans to reduce the dependence by finding alternative sources. Is this a right course of action?

Which of the following are most likely to be considered when developing specifications based on information on the Internet? Select TWO that apply:

Which kind of these following costs belong to the direct costs? Select TWO options

A consulting firm in London had previously had static budgets. They were set once and locked in for the year. This resulted in departments meeting their budgets early and doing virtually nothing the rest of the year. To address this imbalance, the company tossed out the static budget and developed a budget for each of the next 18 months. And each month, real sales figures are analyzed against the budget and the budget is adjusted. Then the company adds another month into the budgeting plan. What type of budget this company is using?