EMT Practice Test

1. Question Content...

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Question1: Thinking in accounting terms, when the cost does not match the budget figure, there could be said to be a:

Question2: 'In any series of elements to be controlled, a selected small factor in terms of number of elements almost always accounts for a large factor in terms of effort'. Which well-known principle is being described here?

Question3: Van Weele wrote that 'quality is the degree in which XXXX requirements are met. We speak of a quality product or quality service when supplier and XXXX agree on requirements and those re-quirements are met'.

Question4: Accurate specification of requirements along with suitable-chosen quality standards is most likely to influence which of the five Rights?

Question5: Individuals, units, teams, groups or organisations that have an influence over procurement, or which are affected by procurement operations, can be called:

Question6: Regarding quality management, how many defects?

Question7: Thinking of Carter's 10 C's, the 'c' for Commitment refers to:

Question8: '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?

Question9: The formal appraisal of a current supplier, measured in terms of factors such as quality, timeliness of delivery, etc is known as:

Question10: Regarding quality management, how many Sigma?

Question11: 'Effectiveness is measured in terms of achieving an ...'

Question12: We can talk about the 'make, do or XXXX decision'. XXXX represents:

Question13: Which of the following are likely to encourage sound ethical practices within a procurement department?

Question14: 'Efficiency is measured in terms of a quantity of ...'

Question15: A single purchase agreement created to cover multiple repeat orders for supplies from a single source, is called a:

Question16: 'EBI' stands for:

Question17: 'From an accounting perspective, added value is total XXXXXX minus total costs of all activities'.
Which word is missing?

Question18: A margin within which a specification can vary slightly - the outer limits of what is acceptable to the buyer - can be described as:

Question19: 'Sometimes descriptions of the need are best created by a cross-XXXX team'. What does XXXX represent here?

Question20: Finding new potential suppliers using the internet might be known as:

Question21: 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.

Question22: Which ISO standard describes quality as 'the degree to which a set of inherent characteristics fulfils requirements'?

Question23: A common term to describe an approach to settling contractual disagreements:

Question24: The letters 'EOQ' refer to:

Question25: Cause and effect diagrams, also known as Ishikawa diagrams, are sometimes also known, because of their shape, as:

Question26: KPIs should be:

Question27: 'It is important to remember that XXX customer service has a knock-on effect on YYY customer service'. What are the missing two words?

Question28: It is thought that the cause of a negative variance in the materials budget is the poor negotiation skills of procurement staff. Which of the following (select two) would be a move in the right direc-tion to remedy this situation?

Question29: The axes on the Mendelow stakeholder management matrix are:

Question30: In a manufacturing business, there are two important materials budgets. One is called 'materials pur-chases budget' and the other is called 'materials XXX budget'. What is the missing word?

Question31: Use of competition is most obviously going to influence which of the following 'rights'?

Question32: An internet-based auction between competing sellers or suppliers in real time, is called a:

Question33: 'Something which carries on over time, going round in repetitive circles', is called a:

Question34: The abbreviation 'KPI' stands for: