Reference no: EM132298400

1. Which of the following better explains ‘Auction Reverse’?

a. An e-auction which is used by buyers to limit competitive bidding among a large number of prequalified suppliers based on a starting price that is lowered during the auction.

b. An e-auction which is used by suppliers to minimise bidding among a number of prospective buyers based on a starting price that is increased during the auction.

c. An e-auction which is used by buyers to enforce competitive bidding among a large number of prequalified suppliers based on a starting price that is lowered during the auction.

d. An e-auction which is used by buyers to enforce competitive bidding among a limited number of prequalified suppliers based on a starting price that is lowered during the auction

2. Which of the following better explains ‘Contract Unit Rate’?

a. This is a situation where payments are made based upon the planned number of units to be produced during the completion of the work.

b. This is a situation where payments are made based upon the actual number of units produced during the completion of the work.

c. This is a situation where payments are made based upon the number of units started during the work.

d. This is a situation where payments are made based upon the contract number of units produced during the completion of the work.

3. Which of the following is not a ‘Task Variable’?

a. Competences assigned by the organization to the persons involved in the purchase decision-making process.

b. Tasks assigned by the organization to the persons involved in the purchase decision-making process.

c. Remuneration of the persons involved in the purchase decision-making process.

d. Responsibilities assigned by the organization to the persons involved in the purchase decision-making process.

4. Which of the following tools mentioned below is most important at the early stage of Systems Analysis and Design?

a. Data Flow Diagrams

b. Computer-Aided Software Engineering

c. Entity- Relationship Diagrams

d. Data Dictionary

e. The Organisational Chart

5. Which of the following explains ‘Gain and Risk Sharing Agreements’?

a. The customer’s future income is partially determined by the success of the customer’s new product in its end markets.

b. The supplier future income is wholly determined by the success of the customer’s new product in its end markets.

c. The supplier future income is partially determined by the success of the customer’s existing product in its end markets.

d. The supplier future income is partially determined by the success of the customer’s new product in its end markets.