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L4M2 Exam Results

Page: 18 / 23
Total 303 questions

Defining Business Needs Questions and Answers

Question 69

Aldar Properties is a property developer in UAE. In last month, it spent $2,160 for 10 tons of steel. In this month, it had planned 10% increment in budget for steel comparing to last month. But the number of orders boosted and total spend on steel reached $1,992.1 while Aldar has imported 11 tons. What is the main cost driver of steel budget?

Options:

A.

Both price and quantity variances

B.

Inflation

C.

Quantity variance

D.

Price variance

Question 70

As the lead procurement manager you have been asked to compile a business case for a large project. Which of the following should you include in the business case?

    Costs and risks

    List of large suppliers

    Business benefits

    Informal recommendation

Options:

A.

1 and 3 only

B.

2 and 4 only

C.

1 and 4 only

D.

2 and 3 only

Question 71

Which of the following specific markets is most likely to have the lowest entry barrier?

Options:

A.

Retail

B.

Manufacturing

C.

Financial

D.

Agriculture

E.

Services

Question 72

CP Group places emphasis on the following business objectives:

Responsive production processes to react quickly to market changes

Collaboration and technological integration

New products launched and on sale very quicklyWhich of the below business markets does CP Group belong to?

Options:

A.

Construction

B.

Financial

C.

Retail

D.

Agriculture

Page: 18 / 23
Total 303 questions