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L4M8 Revision - 3&4 Flashcards | StudBud

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L4M8 Revision - 3&4

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Module L4M8 revision question for learning outcomes 3 and 4

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Questions 10

Answers

1
Asset disposal presents risk without cost.
True
False
2
Which of the following is a hidden cost of global sourcing?
Failure Rate
Reliability
Travel Expenses
Defects
3
One of the advantages of leasing over buying is...
No initial capital outlay
Mitigates exchange rate losses
Increases net profit
The postal rule
4
Externalities are?
The environmental impact of a business.
Emissions to land, sea and air
Costs that are not represented in the accounts
International impact of business relationships
5
The WEEE directive addresses which aspects of business?
Energy efficiency
Electronic waste
Work/Life balance
Water economy
6
Which act of parliament address bribery for UK companies?
The Fraudulent Business Activity Act 2009
The Foreign Corrupt Practises Act 1977
The Bribery Act 2010
The Unfair Contract Terms Act 1977
7
MTBF is a measure of reliability.
False
True
8
Social impact cannot be measured.
True
False
9
The triple bottom line considers what?
Waste, Inventory, Cash
Time, Resource, Money
People, Profit, Planet
Profit, Labour, Exchange Rate
10
WLAM stands for what?
When Life Acts Mad
Whole Life Asset Management
Weights, Levels, Aims and Measures
Whole Load Activity Measures