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L3M1 Exam Dumps - CIPS Level 3 Advanced Certificate in Procurement and Supply Operations Questions and Answers

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Questions 4

Which of the following might be objectives of private sector organisations? Select all that apply.

Options:

A.

To maximise taxation

B.

To minimise profit

C.

Shareholder value

D.

Market share

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Questions 5

Which one of the following initiates the procurement process inside the buying organisation, calling for action by the procurement professionals?

Options:

A.

Request for quotation

B.

Invoice

C.

Specification

D.

Requisition

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Questions 6

‘Cost transparency’ is the notion that:

Options:

A.

The buyer will reveal its’ actual costs to the seller

B.

Both sides will reveal their costs to each other

C.

The seller will reveal its’ actual costs to the buyer

D.

Cost is not an issue

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Questions 7

Thinking of the STEEPLED factors which may impact long-term on an organisation, under which one heading would the following appear: growth trends, unemployment patterns, incomes, interest rates exchange rates and tax rates?

Options:

A.

Economic

B.

Environmental

C.

Political

D.

Ethical

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L3M1 Questions Bank, Download Full Version L3M1 CIPS Exam, CIPS Level 3 Advanced Certificate in Procurement and Supply Operations L3M1 Syllabus Exam Questions Answers, Ace Your L3M1 CIPS Level 3 Advanced Certificate in Procurement and Supply Operations Exam, Changed L3M1 Exam Questions,
Exam Code: L3M1
Exam Name: Procurement and Supply Environments
Last Update: May 4, 2024
Questions: 90
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