Test Instructions :

Please read the following instructions before appearing for any Test.
1. Please do not Reload/ Refresh your page during Test.
2. It’s time-bound.
3. You can flag the questions for review.
4. Please submit your test once you completed the Test.
5. There is no negative marking.
6. If time out, the test will submit itself.
7. You can skip if unable to answer or want to answer later.
8. You can attempt this test only once.

Best of Luck!

 

Page 1 of 40

1. Which of the following facts is incorrect?
A.
B.
C.
D.
2. A bank refurbishes a quarter of its branch offices each year. The firm’s procurement manager works with the project manager to develop detailed specifications for each location. To ensure that quality, price, and delivery are evaluated properly, and to minimize the chance of irregularities in the bidding process, the procurement manager invites bids from several prequalified suppliers, followed by a reverse auction.

In spite of these efforts, many of the refurbishing projects cost considerably more than the original contract price due to contract extensions and scope changes. Based on this information, which of the following should the procurement manager do?
A.
B.
C.
D.