CIPS Quiz Exam Questions and Answers 100% CorrectCIPS Quiz Exam Questions and Answers 100% CorrectCIPS Quiz Exam Questions and Answers 100% CorrectCIPS Quiz Exam Questions and Answers 100% CorrectCIPS Quiz Exam Questions and Answers 100% CorrectAcceptance testing - ANSWER-A form of testing used to ...
Acceptance testing - ANSWER-A form of testing used to determine if the
requirements of a specification or contract are met
Accrual - ANSWER-An adjustment made to a set of financial accounts to
reflect activity that has occurred but for which cash has not yet been
received or paid
Annual planning cycle - ANSWER-Planning involves a number of activities,
such as analysis of opportunities, setting aims, exploring options, producing
detailed plans and reviewing the plan against expectations. A cycle of
activities as the result where each activity might need the previous activity
revised before the final plan is accepted
Approved supplier list - ANSWER-A list of approved suppliers who have the
skills (for example, technical, functional or financial) to undertake the work
,Benchmarked prices - ANSWER-The price paid for a product or service either
in the past or by other users in order to set a standard for future reference
Bill of materials - ANSWER-A comprehensive list of components, items,
materials and parts to create a product, essentially a recipe for the
production of an item
Break-even point - ANSWER-The level of output of a business at which
revenue equals total costs
Arms-length relationship - ANSWER-The relationship between two parties
each of whom has no obligation to the other
Asset value - ANSWER-The value of everything an organisation owns
Bargaining power - ANSWER-The ability of a company or individual to
influence another
Breakthrough result - ANSWER-The achievement of a particularly important
and significant result
, Business case - ANSWER-A document that sets out the justification for
undertaking a project on commercial grounds
Business requirement - ANSWER-The activities that meet the need of, and
provide value to, the business (also called business need)
Business requirement definition (BRD) - ANSWER-Sets out what the product
or service needs to achieve if all stakeholders are to be satisfied
Buying off-contract - ANSWER-The purchase of an item without a contract
when a contract for that item already exists
Call off - ANSWER-The purchase of an item using a framework agreement
that has already been through a procurement process
Capability - ANSWER-The ability of a supplier to meet an organisation's
specific business requirements
Capacity - ANSWER-The output of a business
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller NursingTutor1. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $14.99. You're not tied to anything after your purchase.
