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Descriptive analytics - correct answer historical insights describing what just happened e.g. Dashboard Diagnostic analytics - correct answer why it happened - determines the cause of events Prescriptive analytics - correct answer what is likely to happen next? Finds the best course of action to take based on that prediction Uses the Big Data and the 3Vs: Velocity, Volume, Variety Predictive analytics - correct answer What is the best thing to do? - the probability of a future event ...

Human Trafficking - correct answer the process of seeking, recruiting, transporting and exploiting individuals, to work against their will. Bonded labour - correct answer an individual's promise to provide services through exploitation as repayment of a debt or other obligation. Forced labour - correct answer when people are forced to work under the threat of punishment. Child labour - correct answer the exploitive and illegal employment of children. Domestic slavery - correct ans...

Negotiating tactics: Take it or leave it - correct answer The buyer states the price that they require and says that it cannot be changed. The supplier has to 'take it or leave it' Negotiating tactics: good cop, bad cop - correct answer The buyer takes a colleague to the negotiation, and one person acts empathetically, while their colleague acts harshly. The aim is to get the supplier to please the empathetic person, which produces favourable terms for the buying organisation Negotia...

Just In Time (J.I.T) - correct answer A production methodology where stock is acquired literally 'just in time' to be incorporated into the production process. It is a means of reducing stockholding and reducing waste in production Direct Supplies - correct answer Integrated into the finished product Indirect Supplies - correct answer Not incorporated in the finished product, but keeps the business and factory in operation Dependent Demand - correct answer Requirement for a stock ...

Intellectual Property - correct answer An idea or creative work which can be treated as an asset TUPE - correct answer Transfer of Undertakings (Protection if Employment) - legislation for protect employees when outsourced contracts switch suppliers Two main advantages of TUPE regs - correct answer Continuity of supply for buyers Continuity of employment for workers International Labour Organisation (ILO) - correct answer A UN organisation uniting governments, employers and workers wit...

Design Specification - correct answer A detailed document that sets out the precise way that a product must be built or a service delivered and includes any technical drawings, standards that must be met and dimensions Functional Requirements - correct answer Describe what a product or service should do Non-Functional Requirements - correct answer Describe how a product or service should operate Performance Specification - correct answer A description of the outputs or outcomes that are...

Business case approach - correct answer 1) state problem 2) solution 3) resources Problem solving - correct answer the process of finding ways to correct situations (closed problems or unblock the blockages (open ended problems). Groups of problems - correct answer Closed Open-ended Closed problems - correct answer These appears when something happen that should not have happen. Open-ended problems - correct answer these are where something is stopping the achievement of an ob...

CIPS L4M2 2.1 Marketing Features Analysis Training Exam Questions and Approved Performance Metrics 2024/2025 Bargaining power results in - correct answer Share of available profit Role of procurement in analysis - correct answer Analyse Assess Find ways to maximise value What are porters 5 forces - correct answer supplier power, threat of substitutes, buyer power, threat of new entrants, degree of rivalry Kraljic Matrix - correct answer A tool for portfolio analysis: a four-box mat...

CIPS L4M1 Pre course Study Guide Exam Questions and Verified for Accuracy Answers 2024/2025 Direct costs - correct answer Costs that can be specifically identified with a particular project or activity. Indirect costs - correct answer costs that are the result of a firm's general operations and are not directly tied to any specific cost object fixed costs - correct answer costs that do not vary with production or sales level Variable costs - correct answer costs that change as out...

CDCA Practice Study Guide Questions with Distinction level Marking scheme version 2024/2025 What is the standard premed regimen? - correct answer 4 x 500 mg of Amoxicillin (2g) 30 minutes to 1 hour before treatment What is the premed alternative if the patient is allergic to penicillin? - correct answer 600 mg of Clindamycin one hour before treatment A vitamin K deficiency results in what? - correct answer Prolonged clotting time Anticoagulants are used to treat what? - correct answe...