- All Exams Instant Download
Is this a correct approach?
Sealines Inc is developing its fleet of cargo ships. The company is planning to build a new ship powered by natural gas. Brian, the procurement manager at Sealines, suggests the project team to develop a through-life specification before engaging with the supplier. Is this a correct approach?A . Yes, decommissioning...
to reduce the dependence by finding alternative sources. Is this a right course of action?
A procurement team is categorising their purchased items into four quadrants of Kraljic's supply chain portfolio matrix. They realise that there are some low-value items which come from very few suppliers in the market. The organisation is critically dependent on these suppliers. The team plans to reduce the dependence by...
How many products does the company have to sell to achieve break-even point?
Company A sells a product for $100. The total unit variable costs are $60. Fixed costs as in its ac-count are $20,000. How many products does the company have to sell to achieve break-even point?A . 600B . 550C . 400D . 500View AnswerAnswer: D Explanation: Break even point =...
Is this a correct approach?
Sealines Inc is developing its fleet of cargo ships. The company is planning to build a new ship powered by natural gas. Brian, the procurement manager at Sealines, suggests the project team to develop a through-life specification before engaging with the supplier. Is this a correct approach?A . Yes, decommissioning...
Which of the following can directly affect labour variance? Select TWO that apply:
Which of the following can directly affect labour variance? Select TWO that apply:A . Wage rate per hourB . InflationC . Company's budgetD . Overhead expenditureE . OvertimeView AnswerAnswer: A, E Explanation: Labour variance refers to a situation in which actual costs of labor differ from projected or budgeted labor...
Which of the following correctly describe the process undertaken by IKEA project team?
Facing fiercer competition at home and abroad, IKEA, the leading furniture retailer, needs to im-prove its competitiveness. In order to do this, IKEA must decrease operating costs and improve quality of current and new retail stores. The company establishes a project team. The job of the team is to collect...
Which of the following are considered as direct costs in a construction company? Select TWO op-tions
Which of the following are considered as direct costs in a construction company? Select TWO op-tionsA . Raw materialsB . An employee is hired to work on a project, either exclusively or for an assigned number of hoursC . The materials and supplies needed for the company’s day-to-day operations.D ....
Interserve is a construction contractor in UK. When receiving a huge and complex project, Inter-serve’s procurement manager assesses the risks by quantifying them and recommends other stake-holders to plan mitigating actions. Is the procurement manager’s action justified?
Interserve is a construction contractor in UK. When receiving a huge and complex project, Inter-serve’s procurement manager assesses the risks by quantifying them and recommends other stake-holders to plan mitigating actions. Is the procurement manager’s action justified?A . No, because no risks can be quantified, therefore the procurement manager’s action...
Which of the following method is that purchaser applying?
A purchaser is looking for alternative supplies if there is a major disruption to their supply chain, including logistics, manufacturing and all support services. Which of the following method is that purchaser applying?A . Treat the riskB . Terminate the riskC . Tolerate the riskD . Transfer the riskView AnswerAnswer:...
Which of the following problems may be identified as open-ended problems? Select TWO that apply:
Which of the following problems may be identified as open-ended problems? Select TWO that apply:A . Shortage of key medicines in healthcare industryB . A cyber attack takes down whole company’s IT systemC . Engine failures cause flight cancellations.D . Logistics costs incur a large portion in wholesale pricesE ....
