CIPS L4M3 Actual Free Exam Questions & Community Discussion

Which of the following are NOT covered by CISG? Select TWO that apply:

Which of the following are examples of conformance specification? Select TWO that apply:

Maximum Score 1
The nature of the "Battle of the forms" is when both buyer and supplier are attempting to ...

Standard terms and conditions should become the governing terms for which group of items?

What are five essential elements of a legally binding contract?

Maximum Score: 1
Which of the following would be considered as advantages of an industry model form contract?
* It provides greater flexibility for negotiation
* It reduces the cost of contract development
* It is usually designed to be fair to both parties
* It removes the need for the buyer to understand it

A construction company is undertaking a housing development project. They need lots of bricks and other building materials, but the construction site doesn't have large area for storage of materials.Therefore, the company's suppliers must deliver the building materials with fixed quantity and at fixed time intervals. What type of contract is used between the construction company and its suppliers?

Which of the following would be suitable key performance indicators (KPIs) for supplier performance?
Ensure you have customer loyalty
Value or percentage of cost reductions obtained
Win an award in the next 12 months
Percentage of on-time in full deliveries

A Service Level Agreement (SLA) is a formal statement of performance. Which of the following are aspects of a service level agreement?
A force majeure clause
Key performance indicators
A penalty clause for non-performance
The legal jurisdiction of the contract