The other terms shown as possible answers are within the syllabus for this course and may be the subject of other questions within this test.
Question 2
The purpose of a specification is (select all that apply):
Options:
A.
Provide a means of evaluation of a product or service
B.
Act as a means of exchange
C.
Define the requirement
D.
Communicate the requirement clearly
Answer:
A, C, D
Explanation:
Explanation:
Explanation
All of the ones shown, except acting as a means of exchange, which is one of the parts of a defini-tion of money.
Question 3
The abbreviation ‘KPI’ stands for:
Options:
A.
Key performance inducement
B.
Key procurement indicator
C.
Key performance improvement
D.
Key performance indicator
Key personnel insurance
Answer:
D
Explanation:
Explanation:
Explanation
Key performance indicator, designed to monitor a small number of critically-important aspects of supplier performance, indicated within a contract or a service level agreement as part of a contract.