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CIPS L4M8 Procurement And Supply In Practice Exam Questions & Answers
Practice 9 free CIPS L4M8 Procurement And Supply In Practice exam questions with answers and community-discussed explanations. Each question has its own page where you can reveal the correct answer and debate it in the comments.
All 9 questions
- Q1 Peter works as the sales manager of Company A, a microphone manufacturer. He has calculated the fixed costs of running the company,…
- Q2 Identify FIVE stages of the CIPS Procurement Cycle, outlining the activities that occur at each of the stages.
- Q3 Outline TWO advantages of using a performance specification and TWO circumstances when a conformance specification should be employed.
- Q4 Describe, with examples, the use of the following express terms in procurement and supply activities:(a) Indemnity(b) Exclusion of liability(c) Retention of title(d)…
- Q5 Outline the reasons why senior management support is necessary in an organization that intends to implement the whole-life asset management approach.
- Q6 Identify THREE examples of Human Rights risks that could be present in an extended supply chain.
- Q7 Outline the difference between a policy and a procedure.
- Q8 Explain the following contract terms and their use in a contract for procurement and supply:IndemnityTerminationArbitration
- Q9 Explain THREE characteristics each for the public, private and third sector and analyse their impact on procurement activities.
