CIPS L4M1-Exam Questions and Answers
True or False: Fixed assets to an organisation are usually capital purchases Correct AnsTrue
True or False: Added value includes innovation from suppliers Correct Ans-Tru
True or False: Fixed assets to an organisation are usually capital purchases Correct Ans-
True
True or False: Added value includes innovation from suppliers Correct Ans-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
Ans-Pre-Contract
The ____ stage of the procurement cycle includes contract, supplier and end of life
management. Correct Ans-Post-Contract
Put the following in the correct order: 1. E-sourcing 2. E-paying 3. E-ordering 4.E-requisitioning
Correct Ans-4,1,3,2
Achieving ___ against processes can add value within procurement Correct Ans-
Compliance
Which international body is responsible for bringing Governments together across the globe
to create fair and ethical conditions within organisations Correct Ans-International Labour
Organisation
, CIPS L4M1-Exam Questions and Answers
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 Ans-3. ERP systems eliminate
repetition in processes
A _____ Procurement structure has one main office where the purchasing is conducted. A
_______ structure has buyers who are responsible for procurement across the organisation.
Structures which choose to use two or more styles are referred to as ___________. Correct
Ans-Centralised, Devolved, Hybrids
Innovation, sustainability, meeting KPI's and market development are all examples of added
___? Correct Ans-Value
____ costs are not directly attributable to the end product or service Correct Ans-Indirect
Which of the following are recognised categories of expenditure within procurement: Direct,
Indirect, Capital, Operational, Fixed, Variable Correct Ans-Direct, Indirect, Capital and
Operational
The correct management style according to Mendelow for High Interest Low Power
stakeholders is ____ Correct Ans-Keep informed
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