CIPS L3M3 Actual Free Exam Questions & Community Discussion
Goods or services which must be used together are called:
Correct Answer: B
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The legal lessons included in this course are based on:
Correct Answer: D
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A sum of money credited to a buyer by a seller in recognition of a large volume of purchases bought throughout the previous year might be called a:
Correct Answer: A
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In a reverse online auction:
Correct Answer: B
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Johnson, Scholes and Whittington suggested three key criteria for options which can be used in the evaluation of a business case. Which word was not one of these three key criteria?
Correct Answer: A
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The UN Guiding Principles on Business and Human Rights (UNGP) - which recognise that business enterprises must respect human rights - were adopted in which year?
Correct Answer: A
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Assume you calculate a selling price by adding a profit element onto costs. Assume the profit ele-ment is equivalent to 100% of costs.
Is mark-up or margin being described here?
Is mark-up or margin being described here?
Correct Answer: A
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Which of the following would be unethical? Choose two.
Correct Answer: C,D
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A situation where suggestions made, often by a bidder, unnecessarily widen the scope of the requirement.
Correct Answer: B
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Periodic progress reports may be required by a contract manager. Part of this could include reporting actual progress against planned progress. In many cases, achievement of planned stages would result in (part-) payment(s) being released to the contractor. Which one of the following terms might be the most appropriate title for a plan underpinning this approach, to ensure value for money, and payment linked to actual progress?
Correct Answer: C
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