Smartmindus

Acceptance testing - A form of testing used to determine if the requirements of a specification or contract are met Accrual - An adjustment made to a set of financial accounts to reflect activity that has occurred but for which cash has not yet been received or paid Annual planning cycle - Planning involves a number of activities, such as analysis of opportunities, setting aims, exploring options, producing detailed plans and reviewing the plan against expectations. A cycle of activities a...

What does STEEPLED stand for? (External factors - macro environment) - Sociological, technological, economic, environmental, political, legal, ethical, demographic How many employees does a micro business have? - Less than 10 How many employees does a small business have? - Less than 50 How many employees does a medium business have? - 250 or fewer What are the support activities of porters value chain model? - Firm infrastructure, human resource management, technology development and proc...

What does STEEPLED stand for? (External factors - macro environment) - Sociological, technological, economic, environmental, political, legal, ethical, demographic How many employees does a micro business have? - Less than 10 How many employees does a small business have? - Less than 50 How many employees does a medium business have? - 250 or fewer What are the support activities of porters value chain model? - Firm infrastructure, human resource management, technology development and proc...

Ad-Hoc Purchase - An item bought for a single and non-recurring use or purpose Alternative Dispute Resolution (ADR) - Any method of resolving a dispute between two parties which does not involve court action, including escalation to higher levels of authority, mediation, adjudication and arbitration Articles of Incorporation - The legal document creating a commercial company and setting out its purpose Base Year - The starting point for an index, at which point the index is set to 100 Bat...

O1. Outline FIVE differences between purchasing goods and purchasing services. - 1. Goods are tangible, services are intangible: 2. Services cannot be separated from their supplier: 3. Heterogeneity: goods are usually uniform in nature while services are unique at each delivery 4. Services 'perish' immediately on delivery whereas goods can be stored until required 5. Products are easier to specify, being tangible O2. Explain THREE circumstances in which a competitive tendering exercise m...

What is Tactical sourcing? - Low level decision making High profit, low risk items Short term projects Transactional relationships What is Strategic sourcing? - 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? - Price, Delivery, Quality, Ethics, Sustainability, Availability Novack and Simco's 11-stage sourcing process - 1. Identify needs 2. Define...

he 13 Stages of the Procurement Cycle - Stage 1 - Identify need and develop spec. Stage 2 - Market commodity/make or buy options. Stage 3 - Develop Strategy/Plan Stage 4 - Pre procurement market tests Stage 5 - Prepare Documentation Stage 6 - Supplier Selection Stage 7 - Send ITT Stage 8 - Receive & Evaluate Bids Stage 9 - Award contract Stage 10 - Warehouse/logistics prep Stage 11 - Contract management Stage 12 - Relationship management Stage 13 - End of life/asset management Procu...

What is sourcing? - Sourcing is the location, acquisition and management of all the vital inputs required for an organisation to operate. What is tactical/operational sourcing? - Low-level decision making High profit, low risk items Short-term projects Transactional relationships What is strategic sourcing? - Top-level decision making High-profit, high-risk items Long-term projects Collaborative relationships What aspects typically represent value for money? - Price Delivery Quality ...

Ad-Hoc Purchase - An item bought for a single and non-recurring use or purpose Alternative Dispute Resolution (ADR) - Any method of resolving a dispute between two parties which does not involve court action, including escalation to higher levels of authority, mediation, adjudication and arbitration Articles of Incorporation - The legal document creating a commercial company and setting out its purpose Base Year - The starting point for an index, at which point the index is set to 100 Bat...

Ad-Hoc Purchase - An item bought for a single and non-recurring use or purpose Alternative Dispute Resolution (ADR) - Any method of resolving a dispute between two parties which does not involve court action, including escalation to higher levels of authority, mediation, adjudication and arbitration Articles of Incorporation - The legal document creating a commercial company and setting out its purpose Base Year - The starting point for an index, at which point the index is set to 100 Bat...

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...

List the 3 types of motorcycles and the primary use for each. - • Street • Dual purpose • Off-Road Name the distinguishing characteristics of each of the 3 types - • Street - use on public streets and highways • Dual Purpose - used on both street and off road • Off road - not street legal for competitive and recreation use How can completing MSF's Dirtbike School be a benefit for new or experienced riders? - It can be used as a pre-training for the Basic Rider course and get...

FINE-C Refers to - an engine pre-start routine. FINE-C stands for, - Fuel, Ignition, Neutral, Engine cut-off switch, Choke and Clutch. The F in FINE-C means to.. - Fuel, if equipped, means to turn the fuel supply valve on. The I in FINE-C is for - Ignition, means turn the ignition switch to the On position. Some indicator lights should come on. The N in FINE-C is for - Neutral, means to be in Neutral. The green light in the instrument cluster "indicates" neutral. When in neutral, the mot...

Name 2 primary differences between cars/trucks and motorcycles. - Stability and visibility. What are the problems that these differences cause? - Motorcycles do not have the stability of cars because they must be balanced, and motorcycles leave you more vulnerable in a crash because there is less protection. Motorcycles are not as readily seen as cars, trucks, or other motor vehicles because of their size. Part of being responsible means to give a lot of thought to what? - The consequences...

Risk Offset: - The difference between skill and risk; good risk offset is when skill exceeds risk. 1. Learning to ride is risky because - a mistake could lead to a fall and injury 2. Riding a motorcycle on the street is not for everyone because - some people can't manage risk 3. A benefit of successful course completion is that, once licensed, you are assured of never crashing on the street. - false 4. A good next step after course completion is to: - Practice the basics on your personal...

Give three reasons why motorcycling is more risky than driving a car. - Vulnerability, Visibility, Judgment. What are some ways to prepare for the riding risks? - Risk acceptance, Mental readiness, physical readiness, riding gear, understand your abilities/limitations, know your motorcycle and awareness of riding conditions. What does it mean to act responsibly? - Demonstrate acceptance of and commitment to managing the risks of riding, helping reduce your chances of a crash, injury or dea...

When riding long distances how often should you stop? - Every two hours The front brake is controlled by? - Right hand brake Motorcycles require________ lane width to operate safely? - Full how many Lane positions are available to a motorcycle in a single Lane of traffic? - 3 Left,Center,Right which brake is more important? - Front brake making up 70% of stopping power. if your motorcycle starts to wobble you should not... - accelerate. close the throttle and pull off the road. which is ...

The key preparations for riding include: - Motorcycle, Riding Gear, Mental Attitude You know a motorcycle's seat height is appropriate if: - Your feet can reach the ground and support the motorcycle The best source of information about motorcycle care is: - The motorcycle owner's manual Dress for the ride as well as the crash means: - Your gear should provide comfort, protection and conspicuity When new, a good helmet should fit: - Snugly A white or brightly colored helmet provides mor...

Total Number of Sections in BRC Rider Handbook - 16 4 Sections in Rider handbook not covered in e-course - 12(Select topics), 13(Key Safety Concepts), 14(Knowledge Test), 15(Next Steps) Two turning strategies - BASIC - SLOW, LOOK, PRESS, ROLL OVERALL - SEARCH, SETUP, SMOOTH Example used to illustrate use of the windchill chart - 40 degrees outside temperature @55 MPH = 25 degrees on exposed skin. Rider Character - To choose to do the right (safe & responsible) thing. One who uses good ju...

Three (3) types of motorcycles, primary use for each, and distinguishing characteristics (Q. 1, 2) - Street, dual-purpose and off-road. Street motorcycles are designed for use on public streets and highways. They have all the equipment for safe and enjoyable street operation. Dual- purpose motorcycles are equipped for use on the street and off-road trails. Off-road motorcycles are not street-legal, and are typically used for recreational or competitive use. Two primary differences between c...