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Pass the CIPS Level 3 Advanced Certificate in Procurement and Supply Operations L3M4 Questions and answers with ValidTests

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Questions # 21:

Which one of the following is unlikely to appear in an organisational procurement manual?

Options:

A.

Staff names

B.

Instructions

C.

Policies

D.

Procedures

Expert Solution
Questions # 22:

'A person who sees the big picture. Thinks accurately and carefully. May lack energy and the ability to inspire others'.

Which one Belbin's team roles is being described here?

Options:

A.

Resource-investigator

B.

Co-ordinator

C.

Plant

D.

Monitor / evaluator

Expert Solution
Questions # 23:

As a result of a global pandemic, a local hospital is facing significant patient capacity pressures and would like the construction of a new 50-bed ward to be prioritised and fully operational at the earliest opportunity. Which of the following pricing arrangements would support this aspiration?

Options:

A.

Penetration contract pricing

B.

Time and materials arrangement pricing

C.

Fixed price economic adjustment pricing

D.

Incentivised contract pricing

Expert Solution
Questions # 24:

Which one of the following is not part of John Adair’s 'action-centred leadership' model?

Options:

A.

Task

B.

Individual

C.

Team

D.

Product

Expert Solution
Questions # 25:

Spot the one which is one of the seven wastes.

Options:

A.

Refectories

B.

Defectives

C.

Defects

D.

Rejects

Expert Solution
Questions # 26:

Which of the following might be considered as advantages, to the supplier, of key performance indicators (KPIs)? Select TWO that apply.

Options:

A.

They help the supplier to focus on specific critical success factors and maximise effectiveness

B.

They help the supplier to achieve higher productivity by cutting down on other aspects like quality

C.

They help the supplier to avoid confusion arising from unclear expectations from buyers

D.

They help the supplier to share their best cost-saving systems with their competitors

E.

They help the supplier to ensure that they do not exceed the target performance levels

Expert Solution
Questions # 27:

A construction company wishes to place the contract for the building of a new hotel with a principal contractor using a model form contract. Which of these is an advantage of using a 'model form contract'?

Options:

A.

It avoids the requirement to create complex contracts each time but can be adapted to suit particular circumstances

B.

Incentive payment terms can be included to reward the supplier for attainment of cost savings

C.

Legal advice is still required if significant amendments or variations are to be made to the contract

D.

Formulae or indices can be included to assess any additional supplier's claims for contract price adjustment

Expert Solution
Questions # 28:

Fabrizio created a contract for his supplier which included various contract terms. One term that Fabrizio included stated that "as agreed the price of each pencil is $1.00." Which of the following options describes this term?

Options:

A.

An incoterm

B.

An implied term

C.

An express term

D.

A variable term

Expert Solution
Questions # 29:

Thinking about the STEP / PESTEL / STEEPLE model, into which two categories would taxation most suitably fall?

Options:

A.

Socio-cultural

B.

Political

C.

Technological

D.

Economic

Expert Solution
Questions # 30:

A catering supplier agrees to provide a meal to a school for $1.15 per unit for two years. What type of commercial agreement is this?

Options:

A.

Cost plus pricing

B.

Fixed pricing

C.

Incentive pricing

D.

Performance pricing

Expert Solution
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