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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 # 31:

The creation of the internet / world wide web is an illustration of what kind of turbulence within the environment?

Options:

A.

Technological

B.

Market

C.

Competitive

Expert Solution
Questions # 32:

Which of the following is a qualitative key performance indicator?

Options:

A.

To increase on-time in-full deliveries by 40%

B.

To reduce costs by 10% over a year

C.

To improve customer relationships by 20%

D.

To reduce the defect rate to below 25%

Expert Solution
Questions # 33:

People are inherently happy at work.

Workers seek responsibility.

Financial reward at work is welcome, but motivation, job satisfaction and recognition are equally A.

Options:

A.

important.

B.

Theory X

C.

Theory Y

Expert Solution
Questions # 34:

Giving employees the right to make modest decisions in an independent and self-directing way, on behalf of the organisation. Trusting employees to do the right thing, for example, when faced with a customer complaint.

Options:

A.

Entitlement

B.

Empowerment

C.

Endowment

D.

Endorsement

Expert Solution
Questions # 35:

Thinking about the PESTEL model, under which category would climate change most suitably fall?

Options:

A.

Environmental

B.

Legal

C.

Economic

D.

Socio-cultural

Expert Solution
Questions # 36:

A publication which sets out how the buying organisation wishes to trade with suppliers, including, for example, standard terms and conditions of business, packaging and transportation requirements, as well as, for example, delivery requirements. This is called a:

Options:

A.

Supplier manual

B.

Warehouse manual

C.

Procurement manual

D.

Purchasing manual

Expert Solution
Questions # 37:

A buyer is using a framework agreement to purchase office furniture. The buyer invites the four suppliers listed on the framework to quote for the furniture; the winning bid is the lowest price. What would best describe this approach?

Options:

A.

Direct call-off

B.

Competitive tender

C.

Quotation exercise

D.

Mini competition

Expert Solution
Questions # 38:

Which of the following approaches could a purchasing organisation use to reduce the level of detail in a specification, without increasing the risk of an unsuccessful procurement process?

    Increase the use of acronyms and abbreviations

    Cross-refer to recognised industry standards

    Require tendering suppliers to propose specifications

    Provide samples to demonstrate the requirements

Options:

A.

1 and 4 only

B.

2 and 3 only

C.

1 and 3 only

D.

2 and 4 only

Expert Solution
Questions # 39:

In what way might a contract clause be used to stop the supplier from making unwarranted price increases during the term of the contract?

Options:

A.

The buyer inserts a price adjustment clause in the contract

B.

The buyer deletes any contract clauses that may refer to stage payments

C.

The buyer inserts a contract clause that stipulates the invoice payment dates

D.

The buyer deletes any contract clauses that may refer to price increases

Expert Solution
Questions # 40:

Which two of the following are ‘soft’ factors, within the framework of the ‘McKinsey 7S’ model?

Options:

A.

Strategy

B.

Systems

C.

Style

D.

Shared values

Expert Solution
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