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L4M6 Exam Dumps : Supplier Relationships

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Supplier Relationships Questions and Answers

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Question 1

If a stakeholder has high power in a business but isn’t interested in your procurement activity, what should be your management style for dealing with this stakeholder?

Options:

A.

Keep them satisfied – they have high power

B.

Keep them informed – they have high power

C.

Manage closely – they’re a key player

D.

Minimum effort is required as they’re not interested- do nothing

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Question 2

Achieving value for money can often be described as the three Es? What are these?

Options:

A.

Ethics, Environment, Economy

B.

Economy, Efficiency, Environment

C.

Efficiency, Economy, Ethics

D.

Effectiveness, Efficiency, Economy

Question 3

Danny Bloomfield is a procurement manager and is using the STEEPLED analysis framework to review what macro factors could affect his project. Which of the following is an example of a socio-cultural (social) factor?

Options:

A.

Labour mobility

B.

Employment law

C.

Environmental regulations

D.

Consumer confidence

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