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Exam (elaborations)

CIPS L3M2 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) ||ALREADY GRADED A+||NEWEST VERSION

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Quiz: Monetary Ans: costs that contribute towards making the product Quiz: Fixed costs Ans: Costs that do not vary with the quantity of output produced Quiz: Variable costs Ans: costs that vary with the quantity of output produced Quiz: Direct costs Ans: costs attributed directly to the job or contract Quiz: Indirect costs Ans: costs not directly associated with the job or contract o © 2025 TestTrackers o or call [] o Resources & Updates: [Testtrackers - Stuvia US] o Your Success is Our Mission! o For online exams and tutor expert, please me in the number given. Quiz: The 5 Rights of Procurement Ans: Quantity Quality Time Place Price Quiz: Lifetime costing Ans: total anticipated costs of designing, procuring, running and disposing of a fixed asset Quiz: Costs included in Li

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Uploaded on
February 3, 2025
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2024/2025
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  • cips l3m2 questions and correct detailed answers

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CIPS L3M2 QUESTIONS AND CORRECT
DETAILED ANSWERS (VERIFIED ANSWERS)
||ALREADY GRADED A+||NEWEST VERSION
Quiz: Monetary

Ans: costs that contribute towards making the product



Quiz: Fixed costs

Ans: Costs that do not vary with the quantity of output produced



Quiz: Variable costs

Ans: costs that vary with the quantity of output produced



Quiz: Direct costs

Ans: costs attributed directly to the job or contract



Quiz: Indirect costs

Ans: costs not directly associated with the job or contract




o
o
© 2025 TestTrackers
WhatsApp or call o Resources & Updates: [Testtrackers - Stuvia US]
o Your Success is Our Mission!
[+254707240657]
o For online exams and tutor expert, please whatsapp
me in the number given.

, Quiz: The 5 Rights of Procurement

Ans: Quantity

Quality

Time

Place

Price



Quiz: Lifetime costing

Ans: total anticipated costs of designing, procuring, running and disposing of a
fixed asset



Quiz: Costs included in Lifetime Costing

Ans: Pre-purchase, item, operating, maintenance, insurance and disposal



Quiz: 5 factors of Organisational Success

Ans: People, purpose, procedures, customers and resources



Quiz: The 3 Es


o
o
© 2025 TestTrackers
WhatsApp or call o Resources & Updates: [Testtrackers - Stuvia US]
o Your Success is Our Mission!
[+254707240657]
o For online exams and tutor expert, please whatsapp
me in the number given.
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