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Question 40/43
Which of the following industries is the only one that does not have a specific SIC code?
Correct Answer: D
The services industry does not have a specific SIC code because it is highly diverse, spanning multiple activities that do not fit neatly into a single classification.
[Ref: CIPS L5M6 Study Guide, p.88 - SIC classification limitations]
[Ref: CIPS L5M6 Study Guide, p.88 - SIC classification limitations]
- Question List (43q)
- Question 1: Workshops, safety facilities, and design engineers are indir...
- Question 2: A category which includes raw materials required in large qu...
- Question 3: Which of the following form part of Cialdini's 7 Principles ...
- Question 4: What is the purpose of a Category Board?...
- Question 5: At which stage in the Procurement Cycle can most value be ad...
- Question 6: Penelope works for an international manufacturer. Which cate...
- Question 7: Which of the following are potential consequences for an org...
- Question 8: Claudio wants to limit risks from supplier financial instabi...
- Question 9: In Category Management, often a small number of categories c...
- Question 10: Frankie Burgers operates in the UK and USA. One supplier hol...
- Question 11: Which of the following are legal aspects of a contract a Pro...
- Question 12: In Category Management, which of the following Models can be...
- Question 13: Barb is a Category Manager at XYZ Logistics. She is putting ...
- Question 14: A new supplier to a marketplace is using break-even pricing ...
- Question 15: Category Strategy Development is composed of 4 key stages. W...
- Question 16: ABC Ltd wishes to ensure compliance across its supply chain....
- Question 17: Jam Incorporated requires raw materials to be delivered from...
- Question 18: Ted is a potato farmer from Devon. He sells his potatoes to ...
- Question 19: "Survival of the fittest" is a concept in supplier relations...
- Question 20: What is a 'black swan' event?
- Question 21: Category Management and Strategic Sourcing are terms which a...
- Question 22: Which of the following parts of a SWOT analysis summarise ac...
- Question 23: In which section of a balance sheet would you find the term ...
- Question 24: Volatile inflation rates are a risk that can affect any busi...
- Question 25: Porter's 5 Forces is a useful tool to analyse market factors...
- Question 26: Francis is a Category Manager within a large agricultural co...
- Question 27: When using the Kraljic Matrix to analyse the category of ite...
- Question 28: Jonah is a Procurement Specialist responsible for a sub-cate...
- Question 29: A list of direct costs within a manufacturing organisation c...
- Question 30: Bellatricks Ltd has four main categories of spend, each head...
- Question 31: In a marketplace where there is a large number of suppliers,...
- Question 32: Which of the following are key components to the success of ...
- Question 33: Polygon Ltd is a buyer of components. Jeff, a Category Manag...
- Question 34: Which of the following can be used to group categories for C...
- Question 35: In Category Management, which is the best way to group mater...
- Question 36: Randoxx Ltd is a manufacturing company which has four main c...
- Question 37: Sarah is a Category Manager at a shoe manufacturer. She work...
- Question 38: The sale of ice-cream, bikinis and sunglasses usually follow...
- Question 39: James works for an online retailer and has recently complete...
- Question 40: Which of the following industries is the only one that does ...
- Question 41: ABC Ltd is a manufacturer of hi-tech IT equipment in an indu...
- Question 42: 'Kaizen' is a Japanese term used frequently in the manufactu...
- Question 43: Which of the following is NOT one of Cialdini's principles o...
