Free CIPS L3M4 Practice Exam with Questions & Answers

Which of these describes 'consideration' within a contract?

Continuous improvement – making small changes in operations and activities in a never-ending way – is called in Japanese:

One of the appendices to a formal contract should be a 'pricing schedule'. This is because price is the most important item of a contract and it is a requirement for it to be detailed in a pricing schedule. Is this a correct statement?

An expediter would be expected to primarily:

'XXX theories of leadership are now largely discredited as a means of identifying team leaders'.

This quotation comes from the Profex Publishing textbook for this subject. Which word has XXX replaced?

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

Responsibilities within a procurement function can be split into strategic, tactical or operational. Which of the following would usually be seen as operational? Choose two.

Which of the following could be sent to suppliers under the heading of a 'performance specification'?

A set of required quality levels

A set of engineering drawings

A set of required safety levels and controls

A sample of the product

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?

Which of these statements is a correct description of a contract?