/97 0 votes, 0 avg 8 PROCUREMENT MANAGEMENT EXAMINATION 1 / 97 62. Suppliers that have expressed interest are required to complete a pre-qualification questionnaire in the following. Negotiated tendering Restricted tendering Single tendering None of the above. 2 / 97 51. One of these is not part of the risks discussed. Social/cultural risk Political/legal risk Economic risk People contained risk Technological risk. 3 / 97 92. Is customer service an effective skill in procurement? No Yes i don't know 4 / 97 9. What is the final stage in the Cycle stage? Conclusion Payment/ Contract Closure Agreement Contract Closure/ Signature 5 / 97 46. When does value based source come into the picture When there is risk management When there is crisis in the organization When there is need to prove a point None of the above 6 / 97 25. Companies should be registered with the following agency. Federal Inland Revenue Service (FIRS) Federal Revenue Service (FRS) Federal Road Safety Service (FRSS) 7 / 97 23. …….. allows importers bypass tedious ports inspection process and a reduced rate? AEO NCS 8 / 97 29. The PAAR is issued and the importer does what? Waits for his other papers to be complete Commences clearance of his goods Monitors the process for 24hours 9 / 97 49. Political / Legal risk include … Monopolies/ Legislation Environmental protection law Foreign trade regulation All of the above 10 / 97 69. Understanding digital technology comprises of ……………, machine learning, big data, crypto currency, etc. The tech itself Robot learning Artificial intelligence People communication. 11 / 97 44. Other consideration in procurement includes … a. Competition b. Relevant experience c. Reliability d. None of the above e. All of the above. 12 / 97 53. Under the characteristics of procurement and buying method, which includes ‘The aim is to obtain the best price for the suppliers’. a. Negotiation b. Spot buying c. Periodic contract d. Competitive bidding. 13 / 97 38. Value may imply more than just the price, for example, since quality issues are also needed to be addressed. False True 14 / 97 Nigeria’s single window portal is https://www.trade.gov.ng https://www.trade.com 15 / 97 84. All of the following are QMS principle except. Customer focus Leadership Engagement of people Process approach. People skill 16 / 97 50. Business cycle, Money supply, inflation, Unemployment, Disposable income, Energy availability & cost are all under? Political/Legal risk Economic risk Social/cultural risk Technological risk. 17 / 97 26. How many steps should be taken when you want to import to Nigeria? 5 10 15 20 18 / 97 99. Audit model includes the follow except. Threshold Audit report Sending emails Draft audit and opinion. 19 / 97 80. One of the many advantage of ……. Is, it is customer focused. It seeks to offer quality from the point of view of the customer. Project management Feedback Total quality management Procurement. 20 / 97 45. Basic principles of public procurement includes… a. To give qualified bidders equal opportunities to compete for contracts b. To encourage development of local contractors and manufacturers c. To ensure procurement process is transparent d. All of the above e. None of the above 21 / 97 16. The Nigerian’s single window Portal allows traders access Information about them and need to know information without payment or documents submission, or transaction tracking. False True 22 / 97 98. A successful procurement auditor must understand the work structure, system and the documentation process of the organization. False True 23 / 97 93. All of this are purpose of lean management except. a. To make profit b. Effective and efficient supply chain management c. Value stream management d. Better purchase – supplier management. 24 / 97 42. Accountability is at once a key Inducement to individual and institutional probity, a key deterrent to collusion and corruption and key perquisite to procurement credibility. This process is known as what in procurement? a. Fairness b. Transparency c. Accountability / Ethical standards d. Goals 25 / 97 41. …….. Is impartial, consistent and therefore reliable. Bad Procurement Worse procurement Good procurement 26 / 97 7. Compete the following : In STAGE 6 of the Cycle stage, price evaluation including Price Quality Price Specification None of the above a&b 27 / 97 94. How many types of human mistake was discussed? 5 10 15 20 28 / 97 82. ……….. Ensures that an organization, product or service is consistent. Quality management People management Skill Talent management. 29 / 97 43. Good procurement establishes and then maintains rules and procedures that are accessible and unambiguous. It’s not only fair, but it is seen to be fair. This process in is known as what in procurement? Fairness Being just Transparency Goodness 30 / 97 39. The ultimate purpose of sound procurement is to….. To obtain maximum value for the money To get goods that equate the value of the money To limited spending 31 / 97 73. What is GRN? Goods receive notice Goods received note Goods received and negotiation Goods received net. 32 / 97 95. Inventory cost involves all the follow except. Purchase pricing Cost of ordering Menu list a&b. 33 / 97 86. How man component of QMS do we have. 2 4 6 8 34 / 97 1. Which of the answers best define Procurement? a. It involves arranging for the supply on time and at a suitable price of goods and material equipment supplies, services and merchandise which are needed to meet operating requirement. Action of obtaining something Obtaining goods or services, usually for business purpose. 35 / 97 68. You can have every management skill but if you are not keen on………. You may fail the interview. Money skill Counting skill Financial evaluation None of the above. 36 / 97 6. What Cycle stage is Request for Proposal, Request for Price, Request for Quotation (RFP, RFQ)? STAGE 1 STAGE 2 STAGE 3 STAGE 4 37 / 97 83. All the following are in the continuous improvement cycle except. Identify opportunities in the process of work flow Plan- how can the current process be improved Execute- implement changes Reward- how are the changes working for the time Growth- check your growth rate. 38 / 97 89. Pick the correct statement a. Communication is passing of information from one person to another b. Communication involves full understanding of behavior associated with the sender and the receiver and the possible barriers that are likely to exist c. Communication means sending of information. 39 / 97 8. What STAGE in the Cycle stage, is the Contract Signature? 5 12 8 3 40 / 97 34. Terminal operator handles, Terminal handling, loading of cargo, Issues bills for handling and rent. False True 41 / 97 40. …… is simple and swift without protracted delays? a. Procurement The best public procurement Public procurement 42 / 97 74. Procurement planning is all the following except. a. A process used by contracting authorities to plan procurement activities for a specific period of time b. To procure and start planning c. It is always based on estimate of procurement operation to be carried out in a specified period. 43 / 97 58. ……….is a type of contract between the buyer and seller in which the latter agree to supply specific quantities of items over a certain period of time. Two sided contract Call-off ordering Request contract d. Understanding. 44 / 97 18. The Nigeria Ports Authority’s objective is to coordinate all port related and cargo clearance activities for a seamless and paperless operation. False True 45 / 97 30. Terminal Operator is the last step for importation? False True 46 / 97 70. …….. Is important in our everyday life because we are stuck in finding solution to common problem. Money skill Family Analytical skill None of the above. 47 / 97 60. Multiple sourcing includes all the following except The more the merrier Supplier competition is vast To guarantee constant supply. 48 / 97 76. All of these are benefit of procurement planning except. Better risk management Transparency Create better working atmosphere More money involved. 49 / 97 66. What is the purpose of category management? Plan category Detect category Organize category Customize category. 50 / 97 67. ………… is a strategic skill required in procurement professionals to maintain an ongoing relationship with an organization’s customers. Category management Custom management Relationship management Connection. 51 / 97 56. When do we spot buy? a. When we need the thing urgently no matter the cost b. When price is advantageous c. To show off d. Because we feel like buying. 52 / 97 77. Jury of execution opinion is under what forecasting technique Qualitative forecasting method Quantitative forecasting method Delphi method Customer survey forecast. 53 / 97 96. SRM is a consistent wide approach that defines how to manage suppliers. False True 54 / 97 61. Open tendering allows all the following except one. a. All bids received by the deadline are reviewed b. The bid that provides the best value for money will be offered the contract c. None of the above 55 / 97 15. The Nigerian’s Single Window Portal is a trade facilitation project of how many Nigerian Government Agencies? 12 6 4 2 56 / 97 20. The NCS system replaced Risk assessment report system in …. With the objective of facilitating trade and revenue collection. 2012 2013 2014 2015 57 / 97 32. The Forwarder does all of the following except? Payment of Duty where applicable Book space with shipping agent Payment of terminal operators charges Payment of shipping company charges e.g Freight None of the above 58 / 97 13. What year was the Combined Certificate Value & Origin (CCVO) replaced with the simpler certification of Origin? May 2012 June 2013 April 2017 July 2018 59 / 97 3. How many key roles of procurement were discussed? 11 7 3 10 60 / 97 72. How many rights of purchasing was discussed? 2 3 4 5 6 61 / 97 100. Qualification of an auditor includes all the follow except. Able to see the big picture After money People skill Decision making abilities. 62 / 97 85. The QMS documents can consist of the following documents: quality policy, plan and manual, procedures, work instructions and records. False True 63 / 97 79. Procurement duties involves the following except. Negotiations Evaluating the procurement process. Store keeping Identifying the need and planning the purchase. 64 / 97 90. All of these are ways of improving communication except. a. Know the person you are talking to b. Take note of body language c. Get to the point- say less but make your message potent d. Be assertive ( but keep it positive) e. Record the person talking so you can listen to the message later when you need it. 65 / 97 28. When does the importer forward a copy of his form to the exporter? When the form is accepted by the NCS When the form is being processed by the NCS After importation 66 / 97 12. The Combined Certificate Value & Origin (CCVO) contains the description of goods, port of destination, country of origin, date of shipment, country of supply etc. False True 67 / 97 48. One of the main functions of supply management is to… a. Ensure smooth and uninterrupted flow of goods and materials b. Maintain the goods and material c. Enable the materials accessible 68 / 97 5. How many procurement Cycle stage do we have? 12 15 10 more than 20 69 / 97 65. Procurement professionals with strategic management skill can advise organization on the following except Income received Projected growth Competition Industry profitability. 70 / 97 81. Procurement requisition includes all of the following except. a. It must be approved in accordance with the company regulations b. Document to be prepared by the requestor for the item that are required c. You can use the company money to buy whatever you want to d. It can also state the budget, last purchase price and the last supplier. 71 / 97 71. After an organization has successfully selected supplies, the next thing to do is draw up a contract. This is called…. Negotiation Contracting Agreement Terms and condition. 72 / 97 4. The tendering Procedure includes the following except Money at hand. Preparation of Specification. Monitoring performance. 73 / 97 59. Single sourcing includes the following except a. It suits the buyer b. There is a monopoly supplier so the buying has no choice c. One supplier is contracted by the buying organization to supply all the needs for an item d. Doing your sourcing by yourself. 74 / 97 2. One of the following is not a Procurement Function. a. To support company operations with an uninterrupted flow of materials and services. b. To buy competitively and wisely c. To be able to buy materials on time due to the ever changing economy. d. To add value to company’s growth. 75 / 97 36. Importer receives the cargo? False True 76 / 97 24. What is the first step before importation process is carried out? a. Register the company name in Nigeria. Hence, have a certificate of incorporation/ Register the company name in Nigeria. b. Think of your company name and get your company name approved. 77 / 97 35. Receiver’s agent abroad Arrange inspection, Transports cargo to importer etc False True 78 / 97 88. All of these are advantages of QMS except. Improving internal communications between department and teams Making evidence based decision Employment engagement Increasing productivity Makes employees accountable. 79 / 97 57. Periodic contract is needed when the exact future requirement can be forecasted…. False True 80 / 97 87. What is QMS? Quality management system Quantity management system Qualitative management system Quid management system. 81 / 97 55. All of these are objectives of negotiation except? To create mutual understanding between buyer and seller To arrive at the terms and condition of the contract To arrive at a fair and reasonable price To arrive at a fair and reasonable price 82 / 97 54. What best defines Negotiation to you? a. Process of planning, reviewing and analyzing, used by a buyer and seller to reach acceptable agreements or compromise between the two parties. b. To reach an agreement between two or more parties as regards a commodity or thing c. Discussion aimed at reaching an agreement 83 / 97 75. All of these are features of procurement except. Plan versus actual Selection method Name of procuring entity / organization Plan execution. 84 / 97 78. Procurement method includes the following except. Direct contracting (DC) Single source selection (SSS) Fixed budget selection (FBS) Relationship program selection (RPS). 85 / 97 22. The NCS maintains a fast track window through which select importers may forward their cargoes directly to their warehouses where custom procedures such as examination and payments are undertaken. False True 86 / 97 33. Shipping company is in charge of….. Bringing in vessel Pays ship charges Issues bill of Loading All of the above None of the above 87 / 97 27. Regulatory certificates should be gotten for items that are regulated. Yes No 88 / 97 10. The two communication involved in procurement are Internal with Users and ……… External communication with communicators in the field b. External communication with people in the supplying of goods and services c. External communication with suppliers, transporters, and warehouses in the outside world 89 / 97 11. Procurement function in Nigeria, in Import and Export is to receive clearance for goods imported into Nigeria. False True 90 / 97 63. What skill focuses on achieving specified goals within a specified time Procurement Project management Customer service Warehousing. 91 / 97 21. The NCS is working with the World customs organization to grant Authorized Economic Operator (AEO) status to importers and clearing agents who have maintained a satisfactory level of trade compliance. False True 92 / 97 97. All of these are social responsibilities to buy except. Provision of practical health and advise Purchase policy Get the delivery people Monitoring supplier practices 93 / 97 52. Technological risk involves all the following except Rates of obsolescence Speed of technology transfer New discovery/development Government and industry focus on technological effort People in tech. 94 / 97 64. Strategic Management postulates in-depth knowledge of such market and offers insights to companies before the undertake production. False True 95 / 97 47. Supply disruption can be defined as any unforeseen event that disturb the normal flow of goods and materials in a supply chain. False True 96 / 97 37. Procurement deals with the following Sourcing activities Negotiation and strategic selection of goods c. Work and services that are of importance to the organization All of the above 97 / 97 91. There’s no communication without someone to send the message to or receive it. Is this statement … False True Your score is
