Question 1

Which of the following are Intellectual Property Rights that you would you encounter in procurement and supply contracts? Select THREE.

Options :

A : Method Statements

B : Risk Assessments

C : Patents

D : Copywrite

E : Trademark

Answer: C,D,E

Question 2

How can you enhance the trust and loyalty of your supplier?

Options :

A : Promise the supplier more work than you can deliver

B : Give the supplier a guaranteed level of orders

C : Apply harsh penalties for poor performance

D : Keep a distance from the relationship

Answer: B

Question 3

In the Purchasing Portfolio Matrix, a leverage product is a product in a market where it is easy to switch suppliers and the quality is standardized. Is this TRUE or FALSE?

Options :

A : False, the product is in a supply market which is highly complex and the product is of low importance

B : False, the product is in a supply market which is highly complex and the product is of high importance

C : True, the product is in a supply market which is of low complexity and the product is of high importance

D : True, the product is in a supply market which is of low complexity and the product is of low importance

Answer: C

Question 4

Hourway wants to partner with a supplier that can deliver goods on demand as part of a just-in-time (JIT) system. Which of the following must be included in the contract? Select TWO that apply.

Options :

A : Competitive prices and discounts for bulk orders

B : The uniform of the staff

C : Quality assurance

D : The type of brand to be used

E : Requirements for system integrations

Answer: C,E

Question 5

The high level of commitment to partnering relationship suggests which of the following? Select TWO that apply.

Options :

A : Buyer views the supplier as strategic

B : Buyer views the relationship as transactional

C : Both parties use one-off contract

D : Supplier views buyer as core customer

E : One party bears all the financial risks arising from the project

Answer: A,D

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