CIPS L4M1 Exam Questions and
Answers 100% Correct
Innovation, sustainability, meeting KPI's and market development are all
examples of added ___? - ANSWER-Value
____ costs are not directly attributable to the end product or service -
ANSWER-Indirect
Which of the following are recognised categories of expenditure within
procurement: Direct, Indirect, Capital, Operational, Fixed, Variable -
ANSWER-Direct, Indirect, Capital and Operational
Corporate Governance - ANSWER-The mechanisms, procedures and
processes that are used to control and direct an organisation
Expenses - ANSWER-Money spent by an individual on tje course of their
work, such as the cost of travel, accomodation or stationery
, Whistle Blowing - ANSWER-When an individual reports another person for
acting against a code or policy
The correct management style according to Mendelow for High Interest Low
Power stakeholders is ____ - ANSWER-Keep informed
The correct management style according to Mendelow for High Interest High
Power stakeholders is ____ - ANSWER-Manage Closely
The _____ stage of the procurement cycle includes understanding and
defining
the need, strategy development and issuing invitations to tender, or
requests for quotation. - ANSWER-Pre-Contract
The ____ stage of the procurement cycle includes contract, supplier and end
of life management. - ANSWER-Post-Contract
Put the following in the correct order: 1. E-sourcing 2. E-paying 3. E-ordering
4.E-requisitioning - ANSWER-4,1,3,2
Answers 100% Correct
Innovation, sustainability, meeting KPI's and market development are all
examples of added ___? - ANSWER-Value
____ costs are not directly attributable to the end product or service -
ANSWER-Indirect
Which of the following are recognised categories of expenditure within
procurement: Direct, Indirect, Capital, Operational, Fixed, Variable -
ANSWER-Direct, Indirect, Capital and Operational
Corporate Governance - ANSWER-The mechanisms, procedures and
processes that are used to control and direct an organisation
Expenses - ANSWER-Money spent by an individual on tje course of their
work, such as the cost of travel, accomodation or stationery
, Whistle Blowing - ANSWER-When an individual reports another person for
acting against a code or policy
The correct management style according to Mendelow for High Interest Low
Power stakeholders is ____ - ANSWER-Keep informed
The correct management style according to Mendelow for High Interest High
Power stakeholders is ____ - ANSWER-Manage Closely
The _____ stage of the procurement cycle includes understanding and
defining
the need, strategy development and issuing invitations to tender, or
requests for quotation. - ANSWER-Pre-Contract
The ____ stage of the procurement cycle includes contract, supplier and end
of life management. - ANSWER-Post-Contract
Put the following in the correct order: 1. E-sourcing 2. E-paying 3. E-ordering
4.E-requisitioning - ANSWER-4,1,3,2
