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CIPS Level 3 Module 1 Practice questions for this set Terms in this set (39) What does STEEPLED stand for? (External factors - macro environment) Sociological, technological, economic, environmental, political, legal, ethical, demographic How many emplo$7.99
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CIPS Level 3 Module 1 Practice questions for this set Terms in this set (39) What does STEEPLED stand for? (External factors - macro environment) Sociological, technological, economic, environmental, political, legal, ethical, demographic How many emplo
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Course
CDFM - Certified Defense Financial Manager
Institution
CDFM - Certified Defense Financial Manager
CIPS Level 3 Module 1
Practice questions for this set
Terms in this set (39)
What does STEEPLED stand for? (External factors - macro environment) Sociological, technological, economic, environmental, political, legal, ethical, demographic
How many employees does a micro business have? Less ...
CIPS Level 3 Module 1
Jeremiah
Practice questions for this set
Terms in this set (39)
What does STEEPLED stand for? (External Sociological, technological, economic, environmental, political, legal, ethical,
factors - macro environment) demographic
How many employees does a micro business Less than 10
have?
How many employees does a small business Less than 50
have?
How many employees does a medium 250 or fewer
CIPS Level 3 Module 1
What are the support activities of porters Firm infrastructure, human resource management, technology development and
value chain model? procurement
What are the primary activities of porters Logistics, operations, marketing and sales and after sales service
value chain model?
Business requirements definition - it answers the "what to buy" question and is based on
What is a BRD?
the needs analysis from operations
What does RAQSCI stand for? (a model for Regulatory, assurance of supply, quality, service, cost and innovation
identifying business requirements)
Quantitative research (statistical information) and qualitative research (peoples
What are the two types of field research?
opinions)
What are the 4 categories of the Kraljic Critical, strategic, tactical and leverage
matrix?
It is a statement that describes the current situation, paints the vision of the target and
What is a situation target proposal (STP)?
lists the elements to be used to get to the target
What are SMART objectives? Specific, Measurable, Achievable, Realistic, Timely
Force majeure is a powerful and unexpected event, such as hurricane or other disaster,
What is force majeure?
which prevent a contract from being fulfilled
What is commissioning? It is the process of deciding what to spend money on in the public sector
This is used when the it js anticipated that interest (in bidding) from the supply market
What is the restricted procedure? will be high. This allows a two stage selection process where inappropriate suppliers
are discounted after completing a pre qualification questionnaire
What is the competitive dialogue This is used when an authority is unsure of their requirements so they engage with
procedure? suppliers in an attempt to get clarity around their requirements
What is cost reimbursable pricing The supplier is reimbursed all of its costs as well as an agreed amount for profit. This is
arrangement? commonly used when the amount of work required isn't clear at the start of the project.
When the supplier achieves a level of performance above what would be expected
What is gain share pricing?
and the buyer and seller share the savings.
What is incentive based pricing? When the price is tied to the achievement of an agreed level of performance.
What is a letter of credit? A letter from the bank guaranteeing that payment will be made in full on the due date.
What is lean thinking? A business methodology that aims to create more value with fewer resources.
business have?
1/3
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