Pass the CIPS Level 3 Advanced Certificate in Procurement and Supply Operations L3M1 Questions and answers with ExamsMirror

Explanation

Biodiversity is significantly under threat, with many species being lost almost daily on Earth.

The other answers given in response to this QUESTION NO:, whilst they can be seen as being broadly relat-ed do not fit the bill precisely.

The BBC's one-hour documentary (2020) 'Extinction - The Facts' explains in all-too-chilling detail the meaning of biodiversity, and is recommended viewing for all.

Explanation

This is normally true, often resulting in greater complexity in managing public sector organisations.

Explanation

Coal and oil are the correct answers. These are finite resources and will run out some day.

The others shown are renewables.

Explanation

It is an economy in which the public and private sectors work together. This is now the norm in most countries, with private sector involvement to a greater or lesser extent. In North Korea there is a (rare example of a) planned economy, and in the United States there is a heavily market-led (pri-vate sector) economy.

Explanation

The primary objective of private sector is to create profit(s).

While the other answers may occur in private sector, they are not the primary objective.

Explanation

To the lay person, they may look the same.

However, for a procurement professional, a fixed price may be altered in some circumstances eg 'fixed price with incentive', 'fixed price with exchange rate adjustment', etc.

A firm price on the other hand cannot be altered, and is the price which will be paid under the con-tract.

An earlier text by Patrick Behan on government contracting refers.

Explanation

Specification is the answer. The second sentence in the rubric makes it clear that this is the correct answer.