Purchases specification - Study guides, Class notes & Summaries
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CIPS Level 4 Module 1 questions and answers 2024/2025
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CIPS Level 4 Module 1 questions and answers 2024/2025The Purchasing process - correct answer 1. Define Specification. 
2. Select Supplier 
3. Contract Agreement 
4. Ordering 
5. Expediting 
6. Evaluation Follow up 
 
Definition of Procurement & Supply - correct answer recognition of the fact that the purchasing function has a role in not just "buying inputs" but in "securing supply" 
 
Direct Costs - correct answer These are costs which can be identified directly with the production of a ...
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CIPS L4M1 Pre course Study Guide Exam Questions and Verified for Accuracy Answers 2024/2025
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CIPS L4M1 Pre course Study Guide Exam Questions and Verified for Accuracy Answers 2024/2025 
 
Direct costs - correct answer Costs that can be specifically identified with a particular project or activity. 
 
Indirect costs - correct answer costs that are the result of a firm's general operations and are not directly tied to any specific cost object 
 
fixed costs - correct answer costs that do not vary with production or sales level 
 
Variable costs - correct answer costs that change as out...
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CIPS Level 4 Module 1 fully solved rated A+ 2024/2025
- Exam (elaborations) • 55 pages • 2024
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CIPS Level 4 Module 1The Purchasing process - correct answer 1. Define Specification. 
2. Select Supplier 
3. Contract Agreement 
4. Ordering 
5. Expediting 
6. Evaluation Follow up 
 
Definition of Procurement & Supply - correct answer recognition of the fact that the purchasing function has a role in not just "buying inputs" but in "securing supply" 
 
Direct Costs - correct answer These are costs which can be identified directly with the production of a good or service; e.g. raw materi...
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CIPS LEVEL 4 MODULE 1 EXAM | QUESTIONS & 100% CORRECT ANSWERS (VERIFIED) | LATEST UPDATE | GRADEA+
- Exam (elaborations) • 62 pages • 2024
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CIPS LEVEL 4 MODULE 1 EXAM | 
QUESTIONS & 100% CORRECT ANSWERS 
(VERIFIED) | LATEST UPDATE | GRADEA+ 
The Purchasing process 
Correct Answer: 1. Define Specification. 
2. Select Supplier 
3. Contract Agreement 
4. Ordering 
5. Expediting 
6. Evaluation Follow up 
Definition of Procurement & Supply 
Correct Answer: recognition of the fact that the purchasing function has a role in not 
just "buying inputs" but in "securing supply" 
Direct Costs 
Correct Answer: These are costs which can b...
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CIPS Level 4 Module 1 |215 Questions and Answers(A+ Solution guide)
- Exam (elaborations) • 55 pages • 2023
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The Purchasing process - 1. Define Specification. 
2. Select Supplier 
3. Contract Agreement 
4. Ordering 
5. Expediting 
6. Evaluation Follow up 
Definition of Procurement & Supply - recognition of the fact that the purchasing function has a 
role in not just "buying inputs" but in "securing supply" 
Direct Costs - These are costs which can be identified directly with the production of a good or 
service; e.g. raw materials. 
Usually strategic or leverae suppliers 
Indirect Costs - These ar...
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CIPS Level 4 Module 1 Practice Questions and Correct Answers
- Exam (elaborations) • 38 pages • 2024
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The Purchasing process 1. Define Specification. 
2. Select Supplier 
3. Contract Agreement 
4. Ordering 
5. Expediting 
6. Evaluation Follow up 
 
Definition of Procurement & Supply recognition of the fact that the purchasing function has a role in not just "buying inputs" but in "securing supply" 
 
Direct Costs These are costs which can be identified directly with the production of a good or service; e.g. raw materials. 
Usually strategic or leverae suppliers 
 
Indirect Costs Thes...
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NCMA CPCM Practice Test Exam questions with verified answers
- Exam (elaborations) • 34 pages • 2024
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NCMA CPCM Practice Test Exam 
questions with verified answers 
Which of the following requires the use of modular contracting for major IT system 
purchases? 
-The Sarbanes-Oxley Act 
-The Clinger-Cohen Act 
-SCA 
-ITRA - CORRECT ANSWER-The Clinger-Cohen Act 
Who is responsible for ensuring the contractor's performance is in accordance with the 
contract? 
-The contracting officer 
-The seller's contract manager 
-Contract managers on the buyer and seller sides 
-The government - COR...
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Official (ISC)2 CCSP - Chapter 1: Cloud Concepts, Architecture, and Design Domain Latest Version Graded A+
- Exam (elaborations) • 10 pages • 2024
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Official (ISC)2 CCSP - Chapter 1: Cloud 
Concepts, Architecture, and Design 
Domain Latest Version Graded A+ 
 
**Anything as a Service (XaaS)** 
 XaaS, short for "Anything as a Service," refers to the expanding variety of services 
delivered over the internet via cloud computing instead of being provided locally or on-premises. 
 
**Cloud Application (Cloud App)** 
 A cloud application, or cloud app, is a software application that is not installed on a local 
computer but is accessed via the ...
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CHL IAHCSMM Exam Combined Tested Questions With Revised Correct Detailed Answers |ALREADY GRADED A+ PASS 2024 >> BRAND NEW VERSION!!
- Exam (elaborations) • 30 pages • 2024
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CHL IAHCSMM Exam 
Combined Tested Questions With 
Revised Correct Detailed Answers 
|ALREADY GRADED A+ PASS 2024 
>> BRAND NEW VERSION!! 
1) The funds an organization has available to conduct its daily activities; 
the amount by which current assets exceed current liabilities - 
ANSWER 
working capital 
2) A service in which a vendor stocks and maintains a facility's inventory 
to agreed- upon levels and then issues a monthly (or other time period 
invoice for all items ...
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NCMA CPCM Practice Test Exam questions with verified answers
- Exam (elaborations) • 34 pages • 2024
- Available in package deal
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NCMA CPCM Practice Test Exam 
questions with verified answers 
Which of the following requires the use of modular contracting for major IT system 
purchases? 
-The Sarbanes-Oxley Act 
-The Clinger-Cohen Act 
-SCA 
-ITRA - CORRECT ANSWER-The Clinger-Cohen Act 
Who is responsible for ensuring the contractor's performance is in accordance with the 
contract? 
-The contracting officer 
-The seller's contract manager 
-Contract managers on the buyer and seller sides 
-The government - COR...
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