Defining business need - Study guides, Class notes & Summaries
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CIPS L4M2 Defining Business Need questions with answers 2023 rated A+
- Exam (elaborations) • 7 pages • 2023
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CIPS L4M2 Defining Business Need questions with answers 2023 rated A+Fixed Cost (FC) 
Costs that remain the same irrespective of business activity or volume 
 
 
 
Variable Cost (VC) 
Costs that vary with the level of output 
 
 
 
Market Factors 
Objectives 
Drivers 
Governance 
Ownership 
Commodity or Non-Commodity 
 
 
 
Break-Even Point (BEP) 
When total costs are equivalent to sales revenue (after this, it is profit) 
 
 
 
Solving a Problem 
SCAMPER 
 
Substitute 
Combine 
Adapt 
Modify 
P...
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CIPS L4M2 Defining Business Need
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CIPS L4M2 Defining Business Need
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CIPS L4M2 (Defining Business Need) STUDY GUIDE QUESTIONS COMMPLETE AND ACCURATE.
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CIPS L4M2 (Defining Business Need) STUDY GUIDE 
QUESTIONS COMMPLETE AND ACCURATE.
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L4M2 - CIPS: Defining Business Need with correct answers 2024
- Exam (elaborations) • 13 pages • 2024
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L4M2 - CIPS: Defining Business Need with correct answers 2024Acceptance Testing - correct answer A form of testing used to determine if the requirements of a specification or contract are met 
 
Accrual - correct 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 - correct answer Planning involves a number of activities, such as analysis of opportunities, setting aims, exp...
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CIPS L4M2 Defining Business Need Exam Questions With 100% Correct Answers
- Exam (elaborations) • 25 pages • 2024
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CIPS L4M2 Defining Business Need Exam 
Questions With 100% Correct Answers 
Types of Purchases 
new buy, straight rebuy, modified rebuy 
Straight rebuy purchase 
Routine purchases of the same products under approximately the same terms of sale 
Modified rebuy purchase 
When new-task purchases are changed on repeat orders or straight rebuy purchases are modified 
New purchase 
A purchase of an item for the first time 
Examples of straight rebuy purchases 
Utilities (gas, water, electricity) 
MRO ...
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L4M2 - CIPS: Defining Business Need question n answers graded A+
- Exam (elaborations) • 13 pages • 2024
- Available in package deal
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L4M2 - CIPS: Defining Business NeedAcceptance Testing - correct answer A form of testing used to determine if the requirements of a specification or contract are met 
 
Accrual - correct 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 - correct answer Planning involves a number of activities, such as analysis of opportunities, setting aims, exploring options, producing ...
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CIPS L4M2 Defining Business Need Exam Questions With 100% Correct Answers
- Exam (elaborations) • 25 pages • 2024
- Available in package deal
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- $13.49
- + learn more
CIPS L4M2 Defining Business Need Exam 
Questions With 100% Correct Answers 
Types of Purchases 
new buy, straight rebuy, modified rebuy 
Straight rebuy purchase 
Routine purchases of the same products under approximately the same terms of sale 
Modified rebuy purchase 
When new-task purchases are changed on repeat orders or straight rebuy purchases are modified 
New purchase 
A purchase of an item for the first time 
Examples of straight rebuy purchases 
Utilities (gas, water, electricity) 
MRO ...
-
CIPS L4M2 Defining Business Need questions correctly answered 2024
- Exam (elaborations) • 10 pages • 2024
- Available in package deal
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- $17.99
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CIPS L4M2 Defining Business Need questions correctly answered 2024 
Fixed Cost (FC) - correct answer Costs that remain the same irrespective of business activity or volume 
 
Variable Cost (VC) - correct answer Costs that vary with the level of output 
 
Market Factors - correct answer Objectives 
Drivers 
Governance 
Ownership 
Commodity or Non-Commodity 
 
Break-Even Point (BEP) - correct answer When total costs are equivalent to sales revenue (after this, it is profit) 
 
Solving a Proble...
-
CIPS L4M2 Defining Business Need
- Exam (elaborations) • 19 pages • 2023
- Available in package deal
-
- $15.99
- + learn more
CIPS L4M2 Defining Business Need
-
CIPS L4M2 Defining Business Need Exam Questions With 100% Correct Answers
- Exam (elaborations) • 25 pages • 2024
- Available in package deal
-
- $11.49
- + learn more
CIPS L4M2 Defining Business Need Exam 
Questions With 100% Correct Answers 
Types of Purchases 
new buy, straight rebuy, modified rebuy 
Straight rebuy purchase 
Routine purchases of the same products under approximately the same terms of sale 
Modified rebuy purchase 
When new-task purchases are changed on repeat orders or straight rebuy purchases are modified 
New purchase 
A purchase of an item for the first time 
Examples of straight rebuy purchases 
Utilities (gas, water, electricity) 
MRO ...
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