SAMPLE QUESTIONS EXAM EXEMPLAR QUESTIONS. NC3 - Procurement and supply processes. Level 2 Certificate in Procurement and Supply Operations

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1 Level 2 Certificate in Procurement and Supply Operations NC3 - Procurement and supply processes EXAM EXEMPLAR QUESTIONS MULTIPLE CHOICE QUESTIONS AND ANSWERS The correct answer will be identified as the [KEY] Page 1 of 6 NC3 Exam Exemplar s Mar2013 QUALIFICATIONS 2013

2 Q1 Which of the following terms describes an agreement where a supplier agrees to provide an estimated quantity of items over an agreed period at an agreed price? (a) Blanket order [KEY] (b) Spot order (c) Major works order (d) Fixed price order. Learning outcome: 1.1 CIPS study guide reference: Chapter 1, section 2.5 Q2 Which of the following defines a fixed price contract? (a) A contract where the price has been quoted in writing by the supplier (b) A contract where the price may be varied using an agreed formula (c) A contract where the price is the same as for previous orders (d) A contract where the price cannot be varied between the purchaser and seller. [KEY] Learning outcome: 1.2 CIPS study guide reference: Chapter 2, section 1.5 Page 2 of 6 NC3 Exam Exemplar s Mar2013

3 Q3 An organisation will issue a restricted tender to which of the following types of supplier? (a) International suppliers (b) Pre-qualified suppliers [KEY] (c) Suppliers based in the organisation s local area (d) Suppliers not used in the past. Learning outcome: 1.3 CIPS study guide reference: Chapter 3, section 2.12 Q4 During which of the following stages of the purchasing cycle is Internet based research used? (a) Measuring a supplier s performance (b) Agreeing the terms of the contract (c) Receiving goods from a supplier (d) Sourcing the supply market. [KEY] Learning outcome: 2.1 CIPS study guide reference: Chapter 4, sections 1.4 and 2.1 NC3 Exam Exemplar s Mar2013 Page 3 of 6

4 Q5 Which of the following is a source of financial information about suppliers? (a) Market research companies (b) Credit rating agencies [KEY] (c) Chambers of commerce (d) Debt collection agencies. Learning outcome: 2.2 CIPS study guide reference: Chapter 5, section 2.1 Q6 Which of the following defines the term intranet? (a) An information network whose use is restricted to internal users [KEY] (b) A search engine that allows users to access the World Wide Web (c) An information network which any external users can access (d) A web site that provides answers to frequently-asked questions. Learning outcome: 2.3 CIPS study guide reference: Chapter 4, sections 2.3 and 2.4, Chapter 6, sections 1.1 and 1.3 Page 4 of 6 NC3 Exam Exemplar s Mar2013

5 Q7 Which of the following provides the purchaser with information of the user s specific requirements? (a) e-notice (b) e-requisition [KEY] (c) e-contract (d) e-catalogue. Learning outcome: 3.1 CIPS study guide reference: Chapter 7, section 2.1 Q8 Which of the following types of record are held in a purchase ledger? (a) Records of stock usage (b) Records of payments received from customers (c) (d) Records of suppliers quotations Records of payments made to suppliers. [KEY] Learning outcome: 3.2 CIPS study guide reference: Chapter 8, section 1.34 NC3 Exam Exemplar s Mar2013 Page 5 of 6

6 Q9 Which of the following is the earliest stage in the purchasing cycle? (a) Award the contract (b) Negotiate best value (c) Define the need [KEY] (d) Source the market. Learning outcome: 3.3 CIPS study guide reference: Chapter 9, section 1.2 Q10 At which of the following stages of the purchasing cycle is the technique of vendor rating used? (a) (b) (c) (d) Measuring supplier performance [KEY] Preparing the specification Receiving goods from suppliers Identifying new sources of supply. Learning outcome: 3.3 CIPS study guide reference: Chapter 9, section 5.17 Page 6 of 6 NC3 Exam Exemplar s Mar2013