Exact2Pass
Decisions which do not represent the best overall outcome for the organisation could be called:
The usefulness of lifetime costing is for decision-making about whether to acquire an asset with an expected:
‘A product will not survive commercially unless it satisfies XXXX needs’. Which one of the follow-ing is the most important fit for XXXX?
The main difference between value engineering and XXXXX XXXXX is that whereas value engineering is applied to new product design at the pre-manufacturing stage, XXXXX XXXXX is applied to established products that are already being manufactured and sold in the market.
A common term to describe an approach to settling contractual disagreements:
XXXX can be defined as ‘easy and timely access to information’, according to the Profex textbook for this subject. What is XXXX?
Which two of the following would be unlikely to increase value for money for an organisation?
Where performance of the contract may be impossible because of external unforeseen factors, this may be called:
Giving or taking a payment of money to induce a person to act in breach of trust and do something they should not do is called:
The budget for procurement staff costs is 100,000 but only 90,000 has been spent in the period. This has resulted in substantial further work for procurement staff members, sometimes working into the evening or at weekends.
Which ISO standard describes quality as ‘the degree to which a set of inherent characteristics fulfils requirements’?
‘Value engineering is a structured approach to increasing the value obtained from a product by of-fering the same level of XXXXX at a lower cost’.
What is XXXXX?
Cause and effect diagrams, also known as Ishikawa diagrams, are sometimes also known, because of their shape, as:
‘From an accounting perspective, added value is total XXXXXX minus total costs of all activities’.
Which word is missing?