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L3M1 Exam Dumps : Procurement and Supply Environments

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Procurement and Supply Environments Questions and Answers

Question 1

The abbreviation ‘SME’ stands for …

Options:

A.

Small and medium-sized entity

B.

Small and medium-sized enterprise

C.

Supply management enterprise

D.

Single-minded entrepreneur

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Question 2

Thinking of the STEEPLED factors which may impact long-term on an organisation, under which one heading would the following appear: growth trends, unemployment patterns, incomes, interest rates exchange rates and tax rates?

Options:

A.

Economic

B.

Environmental

C.

Political

D.

Ethical

Question 3

Because of the need for frequent or semi-frequent uses of competition, public sector buyers are less likely to find themselves in a close partnership arrangement with a supplierthan private sector buy-ers.True or false?

Options:

A.

False

B.

True