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L4M2 PDF

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L4M2 PDF + Testing Engine

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  • Exam Name: Defining Business Needs
  • Last Update: 28-Nov-2022
  • Questions and Answers: 144
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L4M2 Questions and Answers

Question # 1

One of the disadvantages of using standards in specification is that...

A.

Standards lengthen the time to produce a specification

B.

Standards tend to be rigid and they often don't encourage innovation

C.

Standards don't allow the buyers to add health and safety requirements into the specification

D.

Standards tend to be inaccurate and ambiguous, causing confusion among suppliers

Question # 2

Buyers are more powerful than the supplier when they are purchasing from monopoly market. Is this statement true?

A.

False, the buyer will be unable to track and manage supplier's performance

B.

False, buyer will lack negotiating power on cost if the supplier has a monopoly in the market

C.

True, suppliers in monopoly market produce homogenous products

D.

True, in monopoly market, buyer's switching costs from the incumbent supplier to an-other are relatively low

Question # 3

A drawing is an example of…?

A.

Statements of work

B.

Technical specifications

C.

Output specifications

D.

Outcome specifications

Question # 4

Datong is a defence and law enforcement equipment supplier. They are developing new product but largely concerns about the detailed specifications of components and the capability of supply market. Which of the following approach should Datong adopt in order to optimise the specification and shorten time to market?

A.

Request for quotation from potential suppliers

B.

Invite the supplier to tendering process

C.

Early supplier involvement

D.

Control the budget tightly

Question # 5

Which of the following is the core of value analysis process?

A.

Be creative

B.

Develop

C.

Evaluate

D.

Gather information

E.

Carry out functional analysis

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