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Passing the HBX CORe Final Examination is an achievement in and of itself, but it also leads to the awarding of a certification from Harvard Business School. Supply Management CORe Exam certification is a testament to the learner's dedication and hard work. It is recognized by employers and educational institutions worldwide and can be added to a learner's resume or LinkedIn profile. Supply Management CORe Exam certification serves as evidence of the learner's proficiency in business fundamentals, demonstrating to potential employers that they are ready to tackle the challenges of the business world.
The HBX CORe Final Examination is a challenging but rewarding experience for participants. By successfully completing the exam, participants demonstrate their mastery of key business concepts and their commitment to ongoing learning and professional development. The HBX CORe credential is recognized by employers around the world as a mark of excellence in business education, making it a valuable asset for anyone looking to advance their career in the business world.
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NEW QUESTION # 314
Which of the following are the BEST factors to consider when assigning suppliers to a supplier segmentation matrix?
Answer: A
Explanation:
When assigning suppliers to a supplier segmentation matrix, considering past performance, quality, and financial information is best. These factors provide a comprehensive view of a supplier's reliability, capability, and stability. Data from co-workers, business stakeholders, and public sources can be useful, but the primary focus should be on empirical data that reflects the supplier's historical and current performance and financial health. References: Supplier management and evaluation resources, supplier segmentation models.
NEW QUESTION # 315
Company A is projecting a 10 percent increase in revenue for the next quarter with no significant changes to their operations. Which of the following accounting elements is the LEAST likely to mirror that increase?
Answer: B
NEW QUESTION # 316
A company that wants to add value to its operations should work with its suppliers on which of the following?
Answer: D
NEW QUESTION # 317
DEF Company receives several proposals for the manufacture of a sub-assembly used in an important product line. All of the responding suppliers indicate they plan to subcontract part of the work in order to meet high seasonal demand. Most of the proposed subcontractors are located in low-cost offshore locations. The supply manager is concerned that the subcontractors may not adhere to DEF's standards for fair labor practices.
Which of the following is the BEST way of ensuring that the suppliers' subcontractors maintain fair labor practices?
Answer: D
Explanation:
* Contract Clause for Standards Compliance: Including a contract clause that mandates subcontractors must meet DEF's standards for fair labor practices is the best way to ensure compliance.
* Legal Obligation: This clause creates a legal obligation for suppliers to ensure their subcontractors adhere to the specified standards.
* Enforcement Mechanism: The contract clause can be enforced through regular audits and reviews, ensuring that subcontractors maintain fair labor practices.
* Clear Expectations: Providing clear expectations and legal requirements through the contract ensures that all parties understand the importance of adhering to fair labor practices.
References:
* ISM: "Contract Management and Administration"
* CIPS: "Ethical and Sustainable Procurement"
NEW QUESTION # 318
A procurement manager solicits bids for renovation of a building and writes a service level agreement. The agreement includes language regarding the proper disposal of waste. This is an example of a(n)
Answer: D
Explanation:
Including language regarding the proper disposal of waste in a service level agreement typically addresses compliance with regulatory requirements. These regulations ensure environmentally safe disposal practices.
While lead time requirements (B), cost goals (C), and engineering specifications (D) are important in contracts, waste disposal primarily falls under regulatory compliance. References: Service level agreements and regulatory compliance guidelines, environmental regulations in procurement.
NEW QUESTION # 319
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