Acceptance Testing - correct answer A form of testing used to determine if the requirements of a specification or contract are met
Accrual - correct
... [Show More] answer 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 - correct answer 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 as the result where each activity might need the previous activity revised before the final plan is accepted
Approved Supplier List - correct answer A list of approved suppliers who have the skills (for example, technical, functional or financial) to undertake the work
Arms-length Relationship - correct answer The relationship between two parties each whom has no obligation to the other
Asset Value - correct answer The value of everything an organisation owns
Bargaining Power - correct answer The ability of a company or individual to influence another
Benchmarked Prices - correct answer The price paid for a product or service either in the past or by other users in order to set a standard for future reference
Bill of Materials - correct answer A comprehensive list of components, items, materials and parts to create a product, essentially a recipe for the production of an item
Break-Even Point - correct answer The level of output of output of a business at which revenue equals total costs
Breakthrough Result - correct answer The achievement of a particularly important and significant result
Business Case - correct answer A document that sets out the justification for undertaking a project on commercial grounds
Business Requirement - correct answer The activities that meet the need of, and provide value to, the business (also called business need)
Business Requirement Definition (BRD) - correct answer Sets out what the product or service needs to achieve if all stakeholders are to be satisfied
Buying Off-Contract - correct answer The purchase of an item without a contract when a contract for that item already exists
Call Off - correct answer The purchase of an item using a framework agreement that has already been through a procurement process
Capability - correct answer The ability of a supplier to meet an organisations specific business requirements
Capacity - correct answer The output of a business
Cash Flow - correct answer The net amount of cash received and spent by an organisation in a given period of time.
Change Management - correct answer The process, tools and techniques for dealing with the people aspect of change to achieve the business outcome required
Collaborative Agreement - correct answer This is a long-term agreement between a buying organisation and a selling organisation which sets out how each party proposes to share information, costs, risks, and results by working together on product or service [Show Less]