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L4M6 pdf

L4M6 PDF

Last Update Jan 27, 2023
Total Questions : 120

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Last Update Jan 27, 2023
Total Questions : 120

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Supplier Relationships

Last Update Jan 27, 2023
Total Questions : 120

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10

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90%

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Questions came word by
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Supplier Relationships Questions and Answers

Questions 1

Lee is a procurement manager at Real Pirates Ltd and he has a contract with Peg Leg Industries for the supply of fake, wooden legs for his team of Pirates. Real Pirates Ltd have been working with Peg Leg Industries for almost 10 years but recently Lee has discovered he will need to terminate the contract due to ‘Contract Frustration’. What could be the reason for this?

Options:

A.

The supplier has committed a material breach

B.

An unexpected incident has occurred beyond anyone’s control

C.

The supplier has become insolvent

D.

The supplier has leaked confidential information about Real Pirates Ltd to a competitor

Questions 2

Which of the following relationship types are characterised by low levels of trust? Select TWO options

Options:

A.

Adversarial

(Correct)

B.

Arm's Length

C.

Outsourced

D.

Single- Sourced

E.

Partnership

Questions 3

One of the fist stages of designing a Partnership is to come up with joint KPIs. These should be:

Options:

A.

Measurable, achievable and time-bound

B.

Relatable, specific and measurable

C.

Time bound, difficult and relevant

D.

Significant, measurable and achievable

Next Question
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