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Exam Code: L4M1
Exam Name: Scope and Influence of Procurement and SupplyCertification
Version: V16.75
Q & A: 400 Questions and Answers
L4M1 Free Demo download
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NEW QUESTION: 1
Which of the following are true for quantitative analysis?
Each correct answer represents a complete solution. Choose three.
A. Determines risk factors in terms of high/medium/low.
B. Allows discovery of which phenomena are likely to be genuine and which are merely chance occurrences
C. Produces statistically reliable results
D. Allows data to be classified and counted
Answer: B,C,D
Explanation:
Explanation/Reference:
Explanation:
As quantitative analysis is data driven, it:
Allows data classification and counting.
Allows statistical models to be constructed, which help in explaining what is being observed.
Generalizes findings for a larger population and direct comparisons between two different sets of data
or observations.
Produces statistically reliable results.
Allows discovery of phenomena which are likely to be genuine and merely occurs by chance.
Incorrect Answers:
A: Risk factors are expressed in terms of high/medium/low in qualitative analysis, and not in quantitative analysis.
NEW QUESTION: 2
Der Hauptzweck eines regelmäßigen Berichts über die Bedrohungs- und Risikobewertung an die Geschäftsleitung besteht darin, Folgendes zu kommunizieren:
A. Wahrscheinlichkeit zukünftiger Vorfälle.
B. Risikoakzeptanzkriterien
C. Kosten-Nutzen von Sicherheitskontrollen,
D. Status der Sicherheitslage.
Answer: D
NEW QUESTION: 3
Your client is a major office supply manufacturer and Bigmart is one of its major retail organizations as shown in the following organizational structure:
The client assigned different sales representatives to sell office supplies directly to individual stores based on geographic territories (east, west, central). They want visibility into purchasing activities (orders, revenue, accounts receivable, aging, and so on) per individual store because they want to use the profitability figures of the different geographic regions.
Occasionally, Bigmart's bills are paid by their parent company, Bigmart Conglomerate. Therefore, for some orders, you must invoice Bigmart Conglomerate directly. The following two approaches are being considered to fulfill the use case by the client.
Approach A:
1. Set up Bigmart Conglomerate as Party.
2. Set up Bigmart HQ and Stores as party sites.
3. Set up one account to represent Bigmart.
4. Link party sites to Party and account as appropriate.
Approach B:
1. Set up Bigmart Conglomerate, Bigmart HQ, and each store as individual parties.
2. Set up one account each for Bigmart Conglomerate and individual stores.
3. Create account relationships between Bigmart Conglomerate and the account representing each store.
What will best fit the client's use case?
A. approach B
B. neither approach A nor B
C. approach A and B
D. approach A
Answer: B
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