CIPS L3M3 Actual Free Exam Questions & Community Discussion
Which of the following risks, which could severely impact on a business, is least likely to occur, in your judgment?
Correct Answer: D
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The variable cost of a bottle of water is 25 cents. Selling price is $1, and fixed costs are one hundred thousand dollars. How many bottles of water must be sold to reach breakeven point?
Correct Answer: C
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Where the supplier guarantees to make good any losses suffered by the buyer as a result of product defects, for example
Correct Answer: B
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Which one of the following could not be classed as a form of performance specification?
Correct Answer: C
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Which one of the following is from the STEEPLE framework?
Correct Answer: B
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Which of the following would not normally be included in a whole life cost calculation?
Correct Answer: C
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Which of the following are external factors in supplier decision-making? Choose two.
Correct Answer: A,C
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If your organisation takes out insurance cover to address various risks, which one of the following risk management strategies is it adopting?
Correct Answer: B
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The official power to make legal decisions and judgments in a given location, for example
Correct Answer: B
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A common term for the win-lose style of negotiations is:
Correct Answer: D
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