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CIPS L4M1 LO4 Exam Questions and Answers 100% Correct £10.55   Add to cart

Exam (elaborations)

CIPS L4M1 LO4 Exam Questions and Answers 100% Correct

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CIPS L4M1 LO4 Exam Questions and Answers 100% CorrectCIPS L4M1 LO4 Exam Questions and Answers 100% CorrectCIPS L4M1 LO4 Exam Questions and Answers 100% CorrectCIPS L4M1 LO4 Exam Questions and Answers 100% CorrectCIPS L4M1 LO4 Exam Questions and Answers 100% Correct private sector - ANSWER-A sector...

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  • October 2, 2024
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  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • CIPS L4M1 LO4
  • CIPS L4M1 LO4
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CIPS L4M1 LO4 Exam Questions

and Answers 100% Correct


private sector - ANSWER-A sector of the economy that is owned, financed

and run by private individuals




public sector - ANSWER-Service organisations, run by the government, and

usually funded by taxes




Third sector or not for profit - ANSWER-The term usually use for charities

NGOs and not-for-profit organisations




Primary sector - ANSWER-Industry sector that extracts raw materials




Secondary sector - ANSWER-Industry sector that manufactures things




Tertiary sector - ANSWER-Industry sector that provide services

, Restricted procedure - ANSWER-A two-stage tendering process where

suppliers are selected prior to being invited to bid




A competitive dialogue procedure - ANSWER-Multi stage process involving

feedback from potential suppliers prior to bidding




Competitive procedure with negotiation - ANSWER-Multi stage process

involving negotiation with the bidders




open procedure - ANSWER-Single stage process, giving any supplier the

chance to bid




Incorporated business - ANSWER-Private limited company and public limited

company.

Created a separate legal identity, owners not liable for debt.




Corporate Social Responsibility (CSR) - ANSWER-Behave ethically, and I have

a positive impact on the environment and society

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