Free CORe pdf Files With Updated and Accurate Dumps Training [Q150-Q166] – IT Certification Exam Questions & Answers

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Free CORe pdf Files With Updated and Accurate Dumps Training

Top-Class CORe Question Answers Study Guide

NEW QUESTION 150
A firm needs training services within a short time frame. The firm’s supply manager issues a request for quotation (RFQ) to training companies, evaluates the offers received, selects the lowest bidder meeting all of the requirements, and prepares a contract. The selected bidder states to the supply manager that because of the scarcity of qualified trainers, the bidder needs to offer incentives, and therefore must raise its quoted rates. In this situation, what should the supply manager do FIRST?

Negotiate with all offerors for reduced rates

Renegotiate with the lowest bidder

Remind the supplier its quoted rates are binding

Revise the specifications and issue a new RFQ

NEW QUESTION 151
On a balance sheet, assets are arranged in the order of:

Materiality

Profitability

Stability

Liquidity

NEW QUESTION 152
A supply manager is working with multiple management layers to create a procurement policy. Which of the following should the supply manager do FIRST in order to ensure that this policy is successfully adopted by the organization?

Host a meeting with key external suppliers to understand engagement for policy adoption

Host a meeting with key internal stakeholders to review the proposed policy

Engage business unit sponsors to ensure adoption throughout the organization

Verify that senior management approves and distributes the policy to the organization

NEW QUESTION 153
Telling a seller during negotiations that “This is our best and final offer” is a(n)

strategic move that can shorten an otherwise lengthy negotiation, which should only be used when strong benchmarking supports the offer

risky negotiating tactic that should be used with caution, and only if the buyer has a suitable alternative

effective tactic that typically yields an optimum result

tactic that should be avoided regardless of the circumstances, due to its potential harm to the client-supplier relationship

NEW QUESTION 154
EFG, Inc., a research firm, buys an ultra-high efficiency filter from Supplier A, which is the only capable source for this component. Supplier A informs EFG that the filter will soon be discontinued. EFG’s supply manager finds filters with similar-though not identical-characteristics from another source and brings a small sample in for testing. The initial results are acceptable. Given this situation, which of the following is the MOST appropriate next step for the supply manager to take?

Seek additional suppliers for the product

Quantify potential savings and report them to top management

Build a collaborative relationship with the new source

Review specifications and performance needs with stakeholders

NEW QUESTION 155
The only bakery in a small town has introduced a new type of cookie and is not sure what demand for the cookie looks like. How could the bakery determine the marginal revenue earned by each additional cookie produced?

Increase advertising to raise demand and sell more cookies

Conduct a focus group to determine how sensitive customers are to price changes

Ask customers to fill out a survey about how a change in price would affect their purchasing decisions

Decrease the price by small increments and observe the corresponding changes in quantity sold and revenue

NEW QUESTION 156
Which of the following options is an example of an implicit transaction?

An invoice for an item of plant equipment that was just purchased

An invoice for services provided by the pension fund administrator

A depreciation expense for an asset placed in service eight months ago

A sales order from a customer for a product to be shipped in two weeks

NEW QUESTION 157
An executive at an insurance company has developed a new method for determining monthly rates for drivers insured by the company. Using a regression analysis of different factors, the executive has come to the conclusion that the two most important factors are the value of the carand the number of miles the driver lives from the city. The partial regression output table provided by the data is as follows:

Given this information, how much could a driver expect to pay per month for a car worth $45,000 located three miles from the city center?

$250.00

$313.50

$563.50

$836.50

NEW QUESTION 158
Which of the following options BEST exemplifies an unbiased question?

What is the best way to reduce inner-city crime?

Should stricter gun control be enforced to reduce inner city crime?

Inner city crime is so high right now; what can be done to reduce it?

Rampant drug use has been shown to be a cause of inner city crime; what can be done to prevent it?

NEW QUESTION 159
A software design firm has traditionally done most of its work in-house, including support services and distribution management. The firm is planning a large expansion, and is evaluating how the various departments can support It. The chief executive officer (CEO) recommends concentrating on core competencies to increase the firm’s agility and emphasize what differentiates them from competitors. Which of the following is the BEST way supply management can support this recommendation?

Conduct a spend analysis on strategic items

Develop and implement an organization-wide strategic sourcing plan

Develop better e-procurement processes

Identify opportunities to outsource non-core business functions

NEW QUESTION 160
Which of the following is MOST important to address in an exit plan when an organization Is transitioning to a new supplier?

Ensuring continuity of supply

Identifying how costs will be shared

Defining ownership and destruction of data

Determining how assets will be transferred or sold

NEW QUESTION 161
A firm has over 1000 active suppliers within its database. The company wants to begin the practice of regular business reviews with suppliers. Of the following, the BEST method for conducting reviews is to

start with the most tenured suppliers and conclude with the newest

choose one supplier from each category of products purchased

choose suppliers based on the necessity of their product to operations

start with the closest suppliers and conclude with those farthest away

NEW QUESTION 162
Which of the following is MOST appropriate for review by an audit committee?

Paperwork needed to remain compliant with regulations

Whether policy changes will optimize profits

The existence of appropriate internal controls

Forecasted sales and revenues

NEW QUESTION 163
Assuming the confidence level remains constant, what happens to the width of the confidence interval as the sample size increases?

The confidence interval widens.

The confidence interval narrows.

The confidence interval remains unchanged.

It is not possible to determine the changes without seeing the data first.

NEW QUESTION 164
TUV Inc., a small manufacturing firm, hopes to rebuild its customer base and return to profitability after a period of losing market share. Negotiations with a key supplier will be an important factor in this turnaround if target costs and pricing can be worked out.
Given this situation, which of the following would create the MOST challenging constraints In negotiations?

Demand for the supplier’s products from competitors

Need for flexible delivery schedules

Troubled financial history of TUV

Unpredictable future volume

NEW QUESTION 165
To better reflect commodity purchasing costs for its consumer automotive division, a firm separates inventory purchasing into “repairable parts” versus “consumable parts.” This is an example of

spend analysis

market segmentation

workload distribution

category management

NEW QUESTION 166
A firm’s supply manager is asked by the engineering department to replace a chemical used in a majority of products made by the firm. The current chemical is Imported and has components that are highly regulated.
Engineering wants to replace it with a chemical that uses non-hazardous domestic materials. This chemical would still have to be reported and customers would have to be notified of the change. Initial tests indicate that the new chemical is as effective as the old one. In this situation, which of the following should be the FIRST step taken by the supply manager?

Check if the proposed supplier is ISO 14000 certified

Update the project folder and timeline for implementation

Perform a total cost analysis of the recommended new formula

Notify all customers of the proposed change