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L3M2 PDF

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  • Exam Name: Ethical Procurement and Supply
  • Last Update: 18-May-2024
  • Questions and Answers: 90
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L3M2 Questions and Answers

Question # 1

‘The usefulness of lifetime costing is for decision-making about whether to acquire an asset with an expected:

A.

Short life

B.

Long life

C.

After life

D.

Shelf life

Question # 2

KPIs should be:

A.

START

B.

SMART

C.

SWART

D.

SHARP

Question # 3

A specification which focuses on the outputs of a requirement is called:

A.

Non-conformance

B.

Performance

C.

Conformance

D.

Non-performance

Question # 4

The abbreviation ‘SOP’ stands for:

A.

Standard office procedure

B.

Standard operating procedure

C.

System operating perfectly

D.

Standard operations process

Question # 5

‘Effectiveness is measured in terms of achieving an …’

A.

Objective

B.

Object

C.

Obstacle

D.

Obstruction

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