[May 16, 2025] Fully Updated L3M4 Dumps - 100% Same Q&A In Your Real Exam
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NEW QUESTION # 57
Thinking of the cultural web (Johnson and Scholes), which of the following refers to the idea that past events will be recurringly discussed and kept alive by current employees telling newcomers, reinforcing certain aspects of culture?
- A. Rituals
- B. Organisational structures
- C. Power structures
- D. Stories
Answer: C
Explanation:
An easy one. 'telling' in the question surely gives the game away.
Stories are increasingly seen as being powerful within organisations, with many Chief Executives now receiving coaching on story-telling.
NEW QUESTION # 58
A performance specification has several features that make it different from a conformance specification.
Which of the following are features of a performance specification? Select TWO that apply.
- A. It includes key functionality, attributes, or capabilities to be achieved
- B. It describes to the supplier exactly what the buyer requires
- C. It will need to relate to a brand name and model name
- D. It includes quality levels (including relevant quality standards) required
- E. It requires compliance with a recognised standard (e.g. British Standards)
Answer: A,B
NEW QUESTION # 59
Which of the following would be most suitable for a one-off purchase agreement?
- A. Supply of vegetables for an office canteen
- B. New desk fans for a sales office
- C. Copy paper for a printing supplier
- D. Installation of and support for new HR software
Answer: D
NEW QUESTION # 60
Where there is transformational change coupled with a slow rate of change, is this:
- A. Reconstruction
- B. Revolution
- C. Evolution
- D. Adaptation
Answer: C
Explanation:
This is a description of Evolution.
The others answers given may be the subject of other questions in this test.
NEW QUESTION # 61
It is said that society is undergoing the 'fourth industrial revolution'. Which description most close-ly defines this idea?
- A. The development of equalities thinking, respect for others, reduced working hours, working from home, discussion of a universal basic income
- B. The bringing together of various technologies, such as artificial intelligence, efficient en-ergy storage, 3D printing, quantum computing, etc
- C. The use of outsourcing, low-cost labour, offshoring and modern slavery
- D. The use of electric power to create mass production
Answer: B
Explanation:
The bringing together of various technologies, such as artificial intelligence, efficient energy storage, 3D printing, quantum computing, etc.
The correct answer shown defines nicely the characteristics of the radical changes being brought about during the fourth industrial revolution.
The other answers may, to a greater or lesser extent, be changes in modern society, but they do not represent Industry 4.0
NEW QUESTION # 62
Tiger Rolls Bakery is a small local baker requiring a continuous supply of flour and butter for their products.
These items are in plentiful supply, due to the standardised nature of the items, they are bought regularly on a spot purchase approach from a range of market suppliers. Tiger Rolls Bakery has an electronic purchase order system that they use to place orders with the suppliers. On the back of each purchase order issued, Tiger Rolls Bakery includes a copy of their commercial contracting terms.
Which of the following describes the Tiger Rolls Bakery commercial contracting terms?
- A. Standard terms and conditions
- B. Model form contract terms
- C. Innominate terms and conditions
- D. Bespoke contract conditions
Answer: A
NEW QUESTION # 63
In the application of price adjustment formulae, which of the following would be acceptable for a supplier to increase its selling price?
- A. Rising fuel costs
- B. Rising incidence of defects
- C. Rising market expectations
- D. Rising share prices
Answer: A
NEW QUESTION # 64
Taiichi Ohno came up with the notion of the 'wastes'. How many wastes?
- A. 0
- B. 1
- C. 2
- D. 3
Answer: C
Explanation:
Seven.
Overproduction, inventory, excessive processing, waiting, transportation, motion, defects.
NEW QUESTION # 65
Which two of the following are not personality traits?
- A. Ability to use Microsoft Excel
- B. Never been in trouble with the police
- C. Conscientiousness
- D. Determination
Answer: A,B
Explanation:
Conscientiousness and determination are clearly aspects of personality related to the individual.
Never having been in trouble with the police may be linked to a personality type, but it cannot be described as a personality trait.
All four options may be regarded as desirable by many potential employers.
NEW QUESTION # 66
Because services are intangible, the key performance indicators for services are likely to be qualitative in all circumstances. Is this statement correct?
- A. No, although services are intangible, they are measurable but only in qualitative terms
- B. Yes, there are no possible units by which services can be measured because they are intangible
- C. Yes, services cannot be owned nor stored and therefore their quantities are not measurable
- D. No, although services are intangible, they can be measured in terms of time or space covered
Answer: D
NEW QUESTION # 67
Which of these describes 'consideration' within a contract?
- A. The ability of both parties to be able to enter into a contract
- B. The desire of both parties to enter into a contract
- C. Both parties exchange something of value
- D. The communication of an unconditional agreement
Answer: C
NEW QUESTION # 68
'A person who is reliable in seeing a task through to the end'. From the 'doing / acting' section, which of the Belbin team roles is being described here?
- A. Shaper
- B. (An easy one - perhaps too easy)
- C. Implementer
- D. Completer / finisher
Answer: D
Explanation:
Completer / finisher.
'seeing a task through to the end' gives the game away.
NEW QUESTION # 69
Which two of the following actions are most likely to be carried out by the buying organisation?
- A. Specify the need
- B. Approve the invoice
- C. Acknowledge the order
- D. Submit the invoice
Answer: A,B
Explanation:
Specifying the need and checking the invoice would come from the buyer's side.
The other two options would be carried out by the seller.
NEW QUESTION # 70
Which of the following might be considered as advantages, to the supplier, of key performance indicators (KPIs)? Select TWO that apply.
- A. They help the supplier to share their best cost-saving systems with their competitors
- B. They help the supplier to achieve higher productivity by cutting down on other aspects like quality
- C. They help the supplier to ensure that they do not exceed the target performance levels
- D. They help the supplier to focus on specific critical success factors and maximise effectiveness
- E. They help the supplier to avoid confusion arising from unclear expectations from buyers
Answer: D,E
NEW QUESTION # 71
Which of the following describes a tender process run under a framework agreement where the tender only includes price and limited aspects of quality?
- A. Simple one-off purchase
- B. Mini-competition
- C. Complex one-off purchase
- D. Leasing agreement
Answer: B
NEW QUESTION # 72
Which of the following would be suitable general key performance indicators (KPIs) for monitoring supplier performance? Select THREE that apply.
- A. Quality performance
- B. Defining requirements
- C. Financial reports
- D. Length of contract
- E. Cost management
- F. Delivery on time
Answer: A,E,F
Explanation:
Explanation:
NEW QUESTION # 73
In what way might a contract clause be used to stop the supplier from making unwarranted price increases during the term of the contract?
- A. The buyer deletes any contract clauses that may refer to price increases
- B. The buyer inserts a contract clause that stipulates the invoice payment dates
- C. The buyer inserts a price adjustment clause in the contract
- D. The buyer deletes any contract clauses that may refer to stage payments
Answer: C
NEW QUESTION # 74
A cross-functional team is created to help progress the development of a new product in a manufac-turing business. Which two of the following activities are unlikely to be allocated to the representa-tive from the accounting and finance function?
- A. Plan the recruitment of additional staff and training of them
- B. Check that the expected cost provides a suitable profit margin
- C. Calculate the expected overall cost of the product
- D. To calculate anticipated sales demand at the target price
Answer: A,D
Explanation:
Calculating sales demand is likely to be a sales / marketing activity; planning the recruitment / train-ing of staff is likely to be a human resources activity.
The other two activities shown are likely to be right up accounting and finance's street.
NEW QUESTION # 75
Which two of the following could not be classified as internal triggers for change? A change of:
- A. Major customer
- B. Legislation
- C. Leadership
- D. Profitability
Answer: A,B
Explanation:
Both a major customer changes and legislation changes cannot be seen as being internal - they are clearly external. Leadership is obviously internal, and profitability is in theory at least, largely de-termined by management.
NEW QUESTION # 76
One of the appendices to a formal contract should be a 'pricing schedule'. This is because price is the most important item of a contract and it is a requirement for it to be detailed in a pricing schedule. Is this a correct statement?
- A. Yes, because the contract is always a very large document and the parties need easy access to price information to negotiate increases
- B. Yes, because all contracts are required to have detailed pricing terms, such as fixed prices, incentives, and price escalation, which must be attached
- C. No, because it is not a requirement to attach a pricing schedule if complex pricing terms are not applicable to that particular contract
- D. No, a pricing schedule is required only if other attachments such as a non-disclosure agreement and insurance policy are also appended
Answer: C
NEW QUESTION # 77
Is a verbal contract legally enforceable?
- A. Yes, but only if you have a witness at the time the verbal agreement was made
- B. Yes, a verbal agreement is just as legally enforceable as a written one
- C. No, verbal contracts are never legally enforceable
- D. No, only contracts in writing will be legally enforceable
Answer: B
NEW QUESTION # 78
A xxxx team is a group of individuals brought together into a single team from different areas of the organisation.
Select one which best replaces xxxx.
- A. Cross-training
- B. Cross-stitch
- C. Cross-functional
- D. Cross-organisational
Answer: C
Explanation:
The answer is 'cross-functional'.
The term 'cross-functional' is used in your learning objectives and assessment criteria. You may wish to be clear as to what a cross-functional team is, and what its benefits are.
'Cross-organisational' would mean across separate organisations, which is not what the question is asking about.
NEW QUESTION # 79
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