QUESTION: 5

Johnson, Scholes and Whittington suggested three key criteria for options which can be used in the evaluation of a business case.
Which word was not one of these three key criteria?

Transferability
Feasibility
Acceptability
Suitability

Answer(s): A

Explanation:

'Is it acceptable, feasible and suitable?' are the tests.

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QUESTION: 6

Key players have a:

High level of interest but little influence
High level of interest and little power
High level of power and a high level of interest
High level of power but little interest

Answer(s): C

Explanation:

High level of power and a high level of interest.

You should hope that in your exam you get such an easy QUESTION NO : !

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Under a XXXX contract, the buyer does commit to purchase a given quantity over a given period of time, but the precise number of orders and their quantities is unknown at the start of the period.
What expression has been replaced by XXXX?

Call-off
Framework
Oral
Term

Answer(s): A

Explanation:

The fact that the time period and the total quantity is known means it is a 'call-off' contract. The volumes of product are 'called off' from the contract as required by the buying organisation.

Make sure you understand the difference between a call-off contract and a framework arrangement.

Under a framework arrangement, there is no obligation on the part of the buyer to use the goods / services specified.

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QUESTION: 8

A `cause and effect' or `fishbone' diagram is also commonly known as:

A Murakami diagram
A Fukushima diagram
An Ishiguro diagram
An Ishikawa diagram

Answer(s): D

Explanation:

The answer is an Ishikawa Diagram.

Can be used in addressing quality problems, problems of under-performance, etc.

The other Japanese-sounding names shown as possible answers are spurious - two are novelists, and Fukushima was a serious environmental radioactive leak at a nuclear power station on the coast of Japan.

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QUESTION: 5

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