Which of the following should form part of the initial evaluation process for non-domestic vendor supply proposals?

• A.Contract management
• B.Incoterm classifications
• C.Internal benchmarking
• D.Supplier development

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Philip is a procurement manager at XYZ Company which imports raw materials from abroad. Sup-pliers provide quotes to Philip in their local currency. Is this the best way to reduce the risk to XYZ Company of currency fluctuations?

• A.yes- this means the price won't go up or down
• B.yes- this puts the risk on the supplier
• C.no- quoting in the supplier's currency increases the risk for the buyer
• D.no- quoting in the supplier's currency does not affect the risk to the buying organisation

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What is a risk of pre-warning a supplier that you will conduct an audit of their facilities?

• A.they will not be able to make that time and date
• B.they will not perform regular duties that day
• C.they will not achieve KPIs
• D.they may coach staff in what to say

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Rules regulating the type of goods and the volume that can be imported into a country or trade block are commonly known as what?

• A.duties
• B.profits
• C.tariffs
• D.laws

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Which of the following would you use to work out a company's gearing ratio? Select TWO.
0current liabilities

• A.shareholder equity
• B.long term debt
• C.net profit
• D.gross sales

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