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CIPS L4M1-Exam Questions and Answers

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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

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  • October 3, 2024
  • 5
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • cips l4m1 exam questions and answers

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  • CIPS
  • CIPS

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CIPS L4M1-Exam Questions and Answers

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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