CIPS L4M1 LO4 Exam Questions
and Answers 100% Correct
private sector - ANSWER-A sector of the economy that is owned, financed
and run by private individuals
public sector - ANSWER-Service organisations, run by the government, and
usually funded by taxes
Third sector or not for profit - ANSWER-The term usually use for charities
NGOs and not-for-profit organisations
Primary sector - ANSWER-Industry sector that extracts raw materials
Secondary sector - ANSWER-Industry sector that manufactures things
Tertiary sector - ANSWER-Industry sector that provide services
, Restricted procedure - ANSWER-A two-stage tendering process where
suppliers are selected prior to being invited to bid
A competitive dialogue procedure - ANSWER-Multi stage process involving
feedback from potential suppliers prior to bidding
Competitive procedure with negotiation - ANSWER-Multi stage process
involving negotiation with the bidders
open procedure - ANSWER-Single stage process, giving any supplier the
chance to bid
Incorporated business - ANSWER-Private limited company and public limited
company.
Created a separate legal identity, owners not liable for debt.
Corporate Social Responsibility (CSR) - ANSWER-Behave ethically, and I have
a positive impact on the environment and society
and Answers 100% Correct
private sector - ANSWER-A sector of the economy that is owned, financed
and run by private individuals
public sector - ANSWER-Service organisations, run by the government, and
usually funded by taxes
Third sector or not for profit - ANSWER-The term usually use for charities
NGOs and not-for-profit organisations
Primary sector - ANSWER-Industry sector that extracts raw materials
Secondary sector - ANSWER-Industry sector that manufactures things
Tertiary sector - ANSWER-Industry sector that provide services
, Restricted procedure - ANSWER-A two-stage tendering process where
suppliers are selected prior to being invited to bid
A competitive dialogue procedure - ANSWER-Multi stage process involving
feedback from potential suppliers prior to bidding
Competitive procedure with negotiation - ANSWER-Multi stage process
involving negotiation with the bidders
open procedure - ANSWER-Single stage process, giving any supplier the
chance to bid
Incorporated business - ANSWER-Private limited company and public limited
company.
Created a separate legal identity, owners not liable for debt.
Corporate Social Responsibility (CSR) - ANSWER-Behave ethically, and I have
a positive impact on the environment and society
