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Pass the CIPS Level 3 Advanced Certificate in Procurement and Supply Operations L3M4 Questions and answers with ExamsMirror

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Questions # 21:

A process by which a person’s abilities are gradually developed – a lifelong process – could be de-scribed as:

Options:

A.

Self-development

B.

Self-awareness

C.

Self-interest

D.

Self-service

Questions # 22:

As part of a long term contract, a buyer may wish to use separate service level agreements (SLAs). If the targets are not met, which of the following options would compensate the purchaser?

Options:

A.

Service guarantees

B.

Service standards

C.

Service schedules

D.

Service credits

Questions # 23:

Thinking of the cultural web (Johnson and Scholes), which of the following refers to the idea that past events will be recurringly discussed and kept alive by current employees telling newcomers, reinforcing certain aspects of culture?

Options:

A.

Rituals

B.

Stories

C.

Power structures

D.

Organisational structures

Questions # 24:

According to CIPS, which of the following are not included in the five ‘rights’ of procurement and supply?

Options:

A.

Goods

B.

Source

C.

Manner

Questions # 25:

'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?

Options:

A.

Trait

B.

Tres

C.

Tait

D.

Tray

Questions # 26:

An expediter would be expected to primarily:

Options:

A.

Undertake purchasing research

B.

Deliver in-house procurement training

C.

Chase up late or potentially late deliveries

D.

Pay invoices

Questions # 27:

Conscious knowledge of one’s own character and feelings – a cornerstone of emotional intelligence – sometimes described as ‘know thyself’:

Options:

A.

Self-selection

B.

Self-development

C.

Self-awareness

D.

Self-interest

Questions # 28:

A publication which sets out how the buying organisation wishes to trade with suppliers, including, for example, standard terms and conditions of business, packaging and transportation requirements, as well as, for example, delivery requirements. This is called a:

Options:

A.

Supplier manual

B.

Warehouse manual

C.

Procurement manual

D.

Purchasing manual

Questions # 29:

The purpose of model form contracts is to provide an organisation with an off-the-shelf contract agreement, the terms of which should not be amended by the parties. Is this statement true?

Options:

A.

No, model form contracts do not include any standard terms and conditions

B.

Yes, model form contracts include mandatory terms required and any specific terms can be included after the contract is signed

C.

No, model form contracts are designed to provide a baseline structure that parties can use to agree contract terms

D.

Yes, model form contracts are designed to offer pre-agreed terms to remove the need to negotiate

Questions # 30:

A Key Performance Indicator (KPI) states "Measure the effort exerted by the project team to control costs throughout the contract duration." Is this KPI appropriate for measuring the management of contract costs?

Options:

A.

No, the metric is not sufficiently specific and measurable

B.

Yes, increased efforts to control costs ensure that costs will be managed effectively

C.

No, the project team is not responsible for managing costs

D.

Yes, the KPI is achievable, relevant and time-bound

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