Re-organisation Study guides, Class notes & Summaries

CIPS L4M4 LO1 EXAM | QUESTIONS & 100% CORRECT ANSWERS (VERIFIED) | LATEST UPDATE | GRADEA+ What is sourcing? Correct Answer: Sourcing is the location, acquisition and management of all the vital inputs required for an organisation to operate. What is tactical/operational sourcing? Correct Answer: Low-level decision making High profit, low risk items Short-term projects Transactional relationships What is strategic sourcing? Correct Answer: Top-level decision making High-profit, h...

AQA A Level Business Unit 4 Key Terms 100% Correct Operations management the process that uses the resources of an organisation to provide the right goods or services for the customer. Operational objectives Specific, focused targets of the operations management function within an organisation. Unit cost The cost of producing one unit of output. it is calculated by the formula: unit cost = total cost / units of output Quality Those features of a product or service that allow it to satisfy (or...

Re-buy - It is not necessary to specify a new specification or to source the market. Call-off or framework agreement. A preferred supplier is in place Modified Buy - Review of existing contract requirements and making any necessary amendments such as to build additional benefits, streamline the business or to establish new KPIs/SLAs. Where some of the specification or requirements have changed. New Buy - A new purchase outlines requirements that have not been specified before. There is a h...

L4M4 - CHAPTER 1 EXAM | QUESTIONS & 100% CORRECT ANSWERS (VERIFIED) | LATEST UPDATE | GRADEA+ What is Tactical sourcing? Correct Answer: Low level decision making High profit, low risk items Short term projects Transactional relationships What is Strategic sourcing? Correct Answer: Top level decision making High profit, high risk items Long term projects Collaborative relationships What factors typically represent value to the procurement organisation when sourcing? Correct Answe...

CIPS L4M2Re-buy - correct answer It is not necessary to specify a new specification or to source the market. Call-off or framework agreement. A preferred supplier is in place Modified Buy - correct answer Review of existing contract requirements and making any necessary amendments such as to build additional benefits, streamline the business or to establish new KPIs/SLAs. Where some of the specification or requirements have changed. New Buy - correct answer A new purchase outlines requi...

NCTJ Essential Media Law Questions and Answers Already Passed Define 'summary proceedings' Hearings in which magistrates try or sentence defendants What is an 'either way' offence? Defendants can either be tried in magistrates or crown court What is an 'indictable only' offence? The most serious crimes which begin in magistrates then the case is 'sent' to crown court What is a 'summary offence'? The most minor offences which are dealt with by magistrates. Define 'tort...

3.6 AQA A Level Business Already Passed calculate labour turnover no. of employees leaving / no. of employees X100 calculate labour cost per unit labour costs/units produced calculate labour productivity output per period/number of employees employee costs as a percentage of turnover equation total employe costs/total turnover X100 Define labour turnover % of employees leaving a business over a period of time why is high labour turnover often a negative thing? More capital has to be spent o...

IAPP-CIPPE-GlossaryTerms-2023-Final 100% Correct Accountability The implementation of appropriate technical and organisational measures to ensure and be able to demonstrate that the handling of personal data is performed in accordance with relevant law, an idea codified in the EU General Data Protection Regulation and other frameworks, including APEC's Cross Border Privacy Rules. Traditionally, accountability has been a fair information practices principle, that due diligence and reasonable ste...

CIPP/E examThe implementation of appropriate *technical and organizational measures* to ensure and be able to *demonstrate* that the handling of personal data is performed in accordance with relevant law, an idea codified in the EU General Data Protection Regulation and other frameworks, including APEC's Cross Border Privacy Rules. Traditionally has been a *fair information practices principle*, that due diligence and reasonable steps will be undertaken to ensure that personal information will ...

Principal-agent Problem - ANSWERSPrincipal (Shareholders) has different objectives to Agent (Manager) but the Agent is inclined to act in order to achieve their own objectives. Public sector organisation - ANSWERSWhen the government has control over the Business Private sector organisation - ANSWERSFirms are led by private individuals and left to the free market to dictate Profit organisation - ANSWERSA profit organisation aims to maximise the financial benefits of its shareholders and ...