ac2 operations multiple choice questions

5/19/2018 AC2 Operations Multiple Choice Questions

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Page 1 of 6 AC2 Exam Exemplar Quesons Mar2013

EXAM EXEMPLAR QUESTIONS

Level 3 Advanced Cerfcate in Procurement andSupply Operaons

AC2 - Procurement andsupply operaons

QUALIFIC

ATIONS

201

3

MULTIPLE CHOICE QUESTIONS AND ANSWERS

The correct answer will be idened as the [KEY]


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Q1 Queson

Which of the following is an advantage of using a performance specicaon?

Answers

(a) The risk of meeng the required funcon is borne by the supplier [KEY]

(b) The purchaser is able to give detailed measurements and dimensions

(c) All the quotaons from suppliers will be the same and therefore easy to evaluate

(d) There are a reduced number of suppliers able to supply thereby reducing tendering me.

Learning outcome: 2.2

CIPS study guide reference: Chapter 6 - secon 3.1, page 88

Q2 Queson

A suppliers price make up is oen shown as:

Price = Suppliers material cost + supplier s labour cost + supplier s prot + missing element

Which of the following is the missing element?

Answers

(a) Suppliers overhead [KEY]

(b) Suppliers annual dividend to shareholders

(c) Supplier s payment to their suppliers

(d) Suppliers margin.





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Q3 Queson

Which of the following is the correct denion of total lead me?

Answers

(a) Time between idencaon of need and issue of the purchase order

(b) Time between receipt of purchase order and despatch by the supplier

(c) Time between idencaon of need and their use by the buyer [KEY]

(d) Time between the goods leaving the supplier and receipt by the buyer.



Q4 Queson

Which of the following is a recognised denion of quality?

Answers

(a) Percentage of poor quality products produced

(b) Conformance to specicaon [KEY]

(c) Proven life of the equipment

(d) Use of standard materials in the product.



AC2 Exam Exemplar Quesons Mar2013 Page 3 of 6


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Q5 Queson

Which of the following describes implied terms?

Answers

(a) Clear agreement between the pares, and always wrien down in the contract

(b) Clauses that both pares have agreed to change from the standard terms and condions

(c) The rst and therefore the most important clauses in the buyers terms and condions

(d) Not necessarily discussed by the pares but nonetheless form part of the

contract. [KEY]



Q6 Queson

Which of the following is a benet for both the buyer and the sellers in using e-aucons ?

Answers

(a) Provides plaorm to develop specicaons

(b) Increased transparency of the contract award process [KEY]

(c) The buyer does not pre-qualify suppliers so all suppliers able to bid

(d) No contract terms and condions are required.




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AC2 Exam Exemplar Quesons Mar2013 Page 5 of 6

Q7 Queson

Which of the following acvity is incorporated in P2P systems?

Answers

(a) Engineering drawings

(b) Purchase order [KEY]

(c) Negoaon plans

(d) Training records.



Q8 Queson

Inventory control systems generally fall into two categories: push systems and pull systems.

Which of the following is an example of a method used in a pull system?

Answers

(a) Just in me [KEY]

(b) Periodic review

(c) Fixed order quanty

(d) Economic order quanty.


CIPS study guide reference: Chapter 4 - secon. 3.16, page 59


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Q9 Queson

Which of the following describes when a supplier appraisal should take place?

Answers

(a) Aer the goods have been delivered but before the invoice is paid

(b) When liquidated damages are included in a contract

(c) At the end of the nancial year

(d) Before any orders are placed. [KEY]



Q10 Queson

At which stage in the typical procurement cycle can procurement add most value?

Answers

(a) At the point the business is seng out and dening their needs [KEY]

(b) At the point the business is ready to source the market

(c) At the point the business is selecng the right supplier

(d) At the point the business is to start the nal negoaon with the short listed vendor.



ac2 operations multiple choice questions

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