Question 1

Value for money is often described at the ‘three Es’; economy, efficiency and effectiveness. However some people consider a 4th E which refers to the public sector. What is the fourth E?

Options :

A : Equality

B : Environment

C : Equity

D : Ethics

Answer: C

Question 2

Which of the following options are legitimate reasons for terminating a contract? Select TWO that apply.

Options :

A : You ordered 10,000 items instead of 1,000

B : One of the contracted parties has clearly failed to perform its duties

C : There has been a serious breach of contract terms

D : Your internal stakeholder requested the wrong items

E : Your MRP system placed a replenishment order that you do not need

Answer: B,C

Question 3

Stephen Jones is assessing the relationships he has with his supplier base. Which of the following would be drivers for Stephen to adopt a partnership relationship with a supplier?

Options :

A : 1 and 2 only

B : 2 and 3 only

C : 1 and 4 only

D : 2 and 4 only

Answer: D

Question 4

According to Kübler-Ross change curve, what are the first reactions when an individual resists change?

Options :

A : Shock and denial

B : Anger and depression

C : Acceptance and integration

D : Anger and denial

Answer: A

Question 5

Mandy is looking to source windows and doors for a new build apartment block. She has done some initial

research and has discovered that there are many suppliers in the marketplace that can supply the items she

needs. As it is a high-value project she is thinking of running a formal tender. What should be Mandy’s first

step?

Options :

A : Run an open competition – send out an ITT

B : Run a restricted competition – send out a PQQ

C : Run an open competition – send out a RFQ

D : Run a restricted competition- send out a RFI

Answer: B