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L3M2 Exam Dumps : Ethical Procurement and Supply

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Ethical Procurement and Supply Questions and Answers

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Question 1

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

Options:

A.

Short life

B.

Long life

C.

After life

D.

Shelf life

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Question 2

‘Something which carries on over time, going round in repetitive circles’, is called a:

Options:

A.

Scheme

B.

Cycle

C.

Circuit

D.

Process map

Question 3

‘Value engineering is a structured approach to increasing the value obtained from a product by of-fering the same level of XXXXX at a lower cost’.

What is XXXXX?

Options:

A.

Functionality

B.

Service

C.

Applicability

D.

Practicality

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