100% Reliable L4M2 Exam Dumps Test Pdf Exam Material [Q23-Q37]

Q23. When preparing through-life specification, which of the following requirements should procure-ment team define besides the physical asset? Select TWO that apply.

Q24. A procurement manager includes provision on recovery from natural disaster into a through-life specification. Some suppliers suppose that provision is unnecessary. Is procurement manager’s action justified?

Q25. Which of the following is the new technology that has impact on manufacturing sector?

Q26. What does the acronym RAQSCI stand for?

Q27. Buyers are more powerful than the supplier when they are purchasing from monopoly market. Is this statement true?

Q28. Which kind of these following costs belong to fixed costs? Select TWO that apply.

Q29. Which of the following problems may be identified as closed problems? Select TWO that apply:

Q30. Which of the following factors is most likely to be a barrier to new entrant in agriculture?

Q31. To strengthen its market presence, ABC Group decided to develop a new product. A cross-functional team was formed to discuss the scope and the functions of the product. They will also survey the potential customers to see what they like, what they love, and what they dislike. What is this process called?

Q32. When a procurement manager considers a substitution, the number and nature of additional func-tions that substitute provides should be taken into account carefully. Which of the following ratio could help the procurement manager to make the right decision?

Q33. One of the disadvantages of using standards in specification is that…

Q34. What is the output of regression analysis?

Q35. Which of the following agencies can produce a technical standard?

Q36. Which of the following is a risk to buying organization when using conformance specification?

Q37. Which of the following are the causes of material cost variance?
1. The buyer updates purchase-to-pay system to track payment and delivery
2. An unprocessed goods received note is missing
3. The employees must work overtime to catch up with the customers’ orders
4. The purchase is made in emergency