What is Procurement audit?

What is Procurement audit?
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Contract documentation is an input to both the Close Project and Contract Closure processes. Contract documentation might include all of the following except for which one? A. Supporting documents B. Contract changes C. Financial documents D. Procurement audit documents

Description : Contract documentation is an input to both the Close Project and Contract Closure  processes. Contract documentation might include all of the following except for which  one?  A. Supporting documents B. Contract changes C. Financial documents D. Procurement audit documents

Last Answer : D. Procurement audit documents

Which of the following types of audits would be intended to determine whether a governmental entity is following sound procurement practices? a. Program audit b. Operational audit c. Compliance audit d. Financial statement audit

Description : Which of the following types of audits would be intended to determine whether a governmental entity is following sound procurement practices? a. Program audit b. Operational audit c. Compliance audit d. Financial statement audit

Last Answer : Compliance audit

What is procurement?

Description : What is procurement?

Last Answer : I think you are referring to a job description, perhaps on a resume’. Procurement of goods and services. Procurement is the act of gaining possession of something—not a formal definition—so, in this case, the job being described would be a “Purchasing Agent.”

What is the most practical contract management solution for procurement teams and departments?

Description : What is the most practical contract management solution for procurement teams and departments?

Last Answer : I suppose that you might like Parley Pro. I saw a whole section for procurement teams on their website. At least you can try a free trial period and then decide if it satisfies you or not.

How do you use procurement in a sentence?

Description : How do you use procurement in a sentence?

Last Answer : When it came to procurement, the Italian outfitter seemed to beable to come up with anything the climbers needed.

What is The term that consists of Development Cost plus Procurement Cost plus the cost of facilities is?

Description : What is The term that consists of Development Cost plus Procurement Cost plus the cost of facilities is?

Last Answer : Weapons Systems Cost

What are the steps to become a procurement manager?

Description : What are the steps to become a procurement manager?

Last Answer : Procurement managers, or purchasing managers, are responsiblefor the planning and strategy involved in retail or manufacturing.The first step is to obtain a bachelors degree in a related field,such ... buyer or assistant buyer towork your way up to management. Leadership training is alsohelpful.

The justification for the investment to be made in a project is documented in the: a. Cost Breakdown Structure. b. procurement strategy. c. business case. d. Project Management Plan.

Description : The justification for the investment to be made in a project is documented in the: a. Cost Breakdown Structure. b. procurement strategy. c. business case. d. Project Management Plan.

Last Answer : c. business case.

Which one of the following statements best defines procurement? a. A technique to establish the best approach for obtaining the resources for the project. b. A group of interrelated resources and activities that transform inputs into outputs. c. The description of the purpose, form and components to support delivery of a product. d. The process by which products and services required for the project are acquired.

Description : Which one of the following statements best defines procurement?  a. A technique to establish the best approach for obtaining the resources for the project.  b. A group of interrelated resources and ... product.  d. The process by which products and services required for the project are acquired.

Last Answer : d. The process by which products and services required for the project are acquired.

The justification for the investment to be made in a project is documented in the: a. Cost Breakdown Structure. b. procurement strategy. c. business case. d. Project Management Plan

Description : The justification for the investment to be made in a project is documented in the:  a. Cost Breakdown Structure.  b. procurement strategy.  c. business case.  d. Project Management Plan

Last Answer : c. business case.

What are the specifications for procurement of grounding conductor and grounding rods?

Description : What are the specifications for procurement of grounding conductor and grounding rods?

Last Answer : Grounding conductor, pad, rods etc. should have following specifications: a. Copper : 91.8 to 94.9% b. Zinc : 2.0 to 3.0% c. Tin : 0.8 to 1.5% d. Lead : 2.0 to 2.5% e. Iron : 0.5 to ... : 0.3% maximum. b. Antimony : 0.3% maximum. c. Manganese : 0.04% maximum. d. Phosphorous : 0.04% maximum. 

The Procurement officer is belong from ------------ department a. Central Purchase organization b. Telecom department b Postal Department

Description : The Procurement officer is belong from ------------ department a. Central Purchase organization b. Telecom department b Postal Department

Last Answer : a. Central Purchase organization

Which of the following statements is a wrong statement under Value Chains ? A. Technology development is a support activity B. Marketing & Sales is a support activity C. Operations are primary activities that transforms Inputs into Final Product or Service D. Procurement is a support activity which deals with Vendors

Description : Which of the following statements is a wrong statement under Value Chains ? A. Technology development is a support activity B. Marketing & Sales is a support activity C. Operations are ... Inputs into Final Product or Service D. Procurement is a support activity which deals with Vendors

Last Answer : Marketing & Sales is a support activity

The price at which the government offers to sell foodgrains lower than the market price is known as? a. Procurement price b. Minimum support price c. Issue price d. Market price.

Description : The price at which the government offers to sell foodgrains lower than the market price is known as? a. Procurement price b. Minimum support price c. Issue price d. Market price.

Last Answer : c. Issue price

The minimum guaranteed price at which the government offers to purchase any quantity is known as; a. Procurement price b. Minimum Support Price c. Issue Price d. Market Price.

Description : The minimum guaranteed price at which the government offers to purchase any quantity is known as; a. Procurement price b. Minimum Support Price c. Issue Price d. Market Price.

Last Answer : b. Minimum Support Price

Poland signed the largest arms procurement deal in its history which worth $4.8bn with ______ country : (a) China (b) Russia (c) USA (d) None of These

Description : Poland signed the largest arms procurement deal in its history which worth $4.8bn with ______ country : (a) China (b) Russia (c) USA (d) None of These

Last Answer : (c) USA

Which of the following is production related procurement?  Offline supplies  Raw materials  Information System  None of the above

Description : Which of the following is production related procurement?  Offline supplies  Raw materials  Information System  None of the above

Last Answer : Raw materials

What of the following is production related procurement? *  Office supplies.  Raw materials.  Information systems  Furniture.

Description : What of the following is production related procurement? *  Office supplies.  Raw materials.  Information systems  Furniture.

Last Answer :  Raw materials

One aim of e-procurement is to increase savings by bulk buying of items: *  of the right quantity  from the right source.  of the right quality.  at the right price.

Description : One aim of e-procurement is to increase savings by bulk buying of items: *  of the right quantity  from the right source.  of the right quality.  at the right price.

Last Answer :  of the right quantity

Which of the following is production related procurement?  A. Marketing System  B. Offline suppliesC. Information System D. Raw materials

Description : Which of the following is production related procurement?  A. Marketing System  B. Offline supplies C. Information System  D. Raw materials

Last Answer : D. Raw materials

What of the following is production related procurement? A. Office supplies. B. Raw materials. C. Information systems. D. Furniture. E. None of the above. Ans: B

Description : What of the following is production related procurement? A. Office supplies. B. Raw materials. C. Information systems. D. Furniture. E. None of the above. Ans: B

Last Answer : B. Raw materials.

One aim of e-procurement is to increase savings by bulk buying of items: A. of the right quantity. B. from the right source. C. of the right quality. D. at the right priceE. None of the above. Ans: A

Description : One aim of e-procurement is to increase savings by bulk buying of items: A. of the right quantity. B. from the right source. C. of the right quality. D. at the right priceE. None of the above. Ans: A

Last Answer : A. of the right quantity

Which production is related to procurement? A.Office supplies. B.Raw materials. C.Information systems. D.Furniture. Answer: B

Description : Which production is related to procurement? A.Office supplies. B.Raw materials. C.Information systems. D.Furniture. Answer: B

Last Answer : B.Raw materials

By bulk buying of items, One aim of e-procurement is to increase savings A.right quantity. B.right thing. C.right quality. D.right price. Answer: A

Description : By bulk buying of items, One aim of e-procurement is to increase savings A.right quantity. B.right thing. C.right quality. D.right price. Answer: A

Last Answer : A.right quantity.

Which of the following is production related procurement?  Offline supplies  Raw materials  Information System  None of the above

Description : Which of the following is production related procurement?  Offline supplies  Raw materials  Information System  None of the above

Last Answer : Raw materials

The principal-agent problem is concerned with: A. Procurement B. Appropriation of shareholders' investment by a firm's managers C. How to control a firm's distributors and dealers D. Corporate social responsibility

Description : The principal-agent problem is concerned with: A. Procurement B. Appropriation of shareholders' investment by a firm's managers C. How to control a firm's distributors and dealers D. Corporate social responsibility

Last Answer : Corporate social responsibility

The principal-agent problem is concerned with: A. Procurement B. Appropriation of shareholders' investment by a firm's managers C. How to control a firm's distributors and dealers D. Corporate social responsibility

Description : The principal-agent problem is concerned with: A. Procurement B. Appropriation of shareholders' investment by a firm's managers C. How to control a firm's distributors and dealers D. Corporate social responsibility

Last Answer : Corporate social responsibility

The object of technical planning, is (A) Preparation of specifications (B) Preparation of estimates (C) Initiating the procurement action of resources (D) All the above

Description : The object of technical planning, is (A) Preparation of specifications (B) Preparation of estimates (C) Initiating the procurement action of resources (D) All the above

Last Answer : (D) All the above

A golden rule for the procurement of construction stones, suggests (A) 100% at the site (B) 67% at the site and 33% under procurement (C) 50% at the site and 50% under procurement (D) 33% at the site and 67% under procurement

Description : A golden rule for the procurement of construction stones, suggests (A) 100% at the site (B) 67% at the site and 33% under procurement (C) 50% at the site and 50% under procurement (D) 33% at the site and 67% under procurement

Last Answer : (B) 67% at the site and 33% under procurement

What Are Important Steps In Procurement Life Cycle?

Description : What Are Important Steps In Procurement Life Cycle?

Last Answer : Procurement Process starts with gathering requirements, then creating a purchase requisition and then we create a formal document that has to be sent to vendor i.e. purchase order. After this ... receipt is done along with invoice verification. Then vendor is paid for supplied goods and services.

Explain Why Is Procurement Considered Such An Important Part Of Inventory Control?

Description : Explain Why Is Procurement Considered Such An Important Part Of Inventory Control?

Last Answer : Procurement is the backbone of inventory management. Inventory specialists have to create and maintain liaison with vendors and suppliers, and customers to ensure that supplies are obtained in a timely manner and that there are no shortages when the need arises.

is the Objective of the energy management from the following :- a) To give each product a label b) To evolve minimum energy consumption c) To minimize environmental effects d) To achieve optimum energy procurement

Description : is the Objective of the energy management from the following :- a) To give each product a label b) To evolve minimum energy consumption c) To minimize environmental effects d) To achieve optimum energy procurement

Last Answer :  To evolve minimum energy consumption 

The objective of energy management is ____ A. To achieve and maintain optimum energy procurement and utilization throughout the organization B. To minimize the energy cost without affecting production and quality C. To minimize the environmental effects D. All of the above

Description : The objective of energy management is ____ A. To achieve and maintain optimum energy procurement and utilization throughout the organization B. To minimize the energy cost without affecting production and quality C. To minimize the environmental effects D. All of the above

Last Answer : All of the above

What does procurement administrator involve?

Description : What does procurement administrator involve?

Last Answer : To keep monitoring and ensure that all open procurement contracts are progressing as expected.

What is the primary purpose of procurement management plan?

Description : What is the primary purpose of procurement management plan?

Last Answer : To determine what exactly is to be procured, ensure they are procured at the best price and is made available to the project team at the right time.

What are fixed type contracts in procurement processes?

Description : What are fixed type contracts in procurement processes?

Last Answer : The seller must supply the contracted items at a fixed price determined at the time of contract.