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CIPS L4M1 SAMPLE QUESTIONS AND ANSWERS RATED A.
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CIPS L4M1 SAMPLE QUESTIONS AND ANSWERS RATED A.
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CIPS L4M1 SAMPLE QUESTIONS AND ANSWERSRATED A.
Value for money is only about price
Correct Answer -False
True or False: Fixed assets to an organization are usually capital
purchases
Correct Answer -True
True or False: Added value includes innovation from suppliers
Correct Answer -True
The _____ stage of the procurement cycle includes understanding and
defining the need, strategy development and issuing invitations to tender,
or requests for quotation.
Correct Answer -Pre-Contract
The ____ stage of the procurement cycle includes contract, supplier and
end of life management.
Correct Answer -Post-Contract
Put the following in the correct order: 1. E-sourcing 2. E-paying 3. E-
ordering 4.E-requisitioning
Correct Answer -4,1,3,2
Achieving ___ against processes can add value within procurement
Correct Answer -Compliance
, Which international body is responsible for bringing Governments together
across the globe to create fair and ethical conditions within organisations
Correct Answer -International Labour Organisation
Which is a benefit of using an ERP system?
1. IERP systems cost a lot of money
2. One ERP system works for all organisations
3. ERP systems eliminate repetition in processes
4. ERP shares organisations data externally
Correct Answer -3. ERP systems eliminate repetition in processes
Innovation, sustainability, meeting KPI's and market development are all
examples of added ___?
Correct Answer -Value
____ costs are not directly attributable to the end product or service
Correct Answer -Indirect
Which of the following are recognised categories of expenditure within
procurement: Direct, Indirect, Capital, Operational, Fixed, Variable
Correct Answer -Direct, Indirect, Capital and Operational
The correct management style according to Mendelow for High Interest
Low Power stakeholders is ____
Correct Answer -Keep informed
The correct management style according to Mendelow for High Interest
High Power stakeholders is ____
Correct Answer -Manage Closely
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