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Exam (elaborations)

CIPS L4M1 QUESTIONS & ANSWERS(GRADED A)

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  • CIPS L4M1
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  • CIPS L4M1

Innovation, sustainability, meeting KPI's and market development are all examples of added ___? - ANSWER Value ____ costs are not directly attributable to the end product or service - ANSWER Indirect Which of the following are recognised categories of expenditure within procurement: Direct, I...

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  • October 3, 2024
  • 3
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • cips l4m1
  • CIPS L4M1
  • CIPS L4M1
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shantelleG
CIPS L4M1 QUESTIONS &
ANSWERS(GRADED A)

Innovation, sustainability, meeting KPI's and market development are all examples of added ___? -
ANSWER Value



____ costs are not directly attributable to the end product or service - ANSWER Indirect



Which of the following are recognised categories of expenditure within procurement: Direct, Indirect,
Capital, Operational, Fixed, Variable - ANSWER Direct, Indirect, Capital and Operational



The correct management style according to Mendelow for High Interest Low Power stakeholders is ____
- ANSWER Keep informed



The correct management style according to Mendelow for High Interest High Power stakeholders is ____
- ANSWER Manage Closely



True or False: Total lifecycle costs and total cost of ownership are broadly the same - ANSWER True



True or False: Organisational costs can be classified as Direct, Indirect, Fixed and Variable - ANSWER True



True or False: There are eight rights procurement and supply - ANSWER False, There are 5



True or False: Sustainability does not contribute towards added value - ANSWER False



True or False: Overheads are stock procurements - ANSWER False, overheads are usually intangible such
as heating and mobile data

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