Free L4M2 Questions for CIPS Defining Business Needs L4M2 Exam as PDF & Practice Test Engine
A purchaser is looking for alternative supplies if there is a major disruption to their supply chain, including logistics, manufacturing and all support services. Which of the following method is that purchaser applying?
Correct Answer: C
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Due to increasing demand, a local restaurant is requesting its fish vendor to supply larger quantity. The restaurant manager also asks the vendor whether it is possible to reduce the total price by 5%. This is known as...?
Correct Answer: D
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What are the main purposes of a cash flow budget?
1. It is a time-phased income and expenditure budget
2. It projects the future cash position of an organisation
3. It is a statement of a company's financial position
1. It is a time-phased income and expenditure budget
2. It projects the future cash position of an organisation
3. It is a statement of a company's financial position
Correct Answer: C
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Which of the following can cause overhead variance? Select TWO that apply:
Correct Answer: A,D
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Which of the following positively affects a buyer's company cash flow? Select TWO that apply:
Correct Answer: A,E
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The position of a product in its life cycle can affect the price that suppliers set. Is this statement correct?
Correct Answer: A
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Avram is carrying out a competitive tendering exercise for a security service provider, is this a straight re-buy?
Correct Answer: B
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Which of the following are potential advantages of using a product performance specification?
It reduces the need for the buyer to produce a detailed design
It can widen the potential supply base
The buyer can specify the product's actual design in detail
Products are provided using the buyer's methodology
It reduces the need for the buyer to produce a detailed design
It can widen the potential supply base
The buyer can specify the product's actual design in detail
Products are provided using the buyer's methodology
Correct Answer: C
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FSB Group is developing a building specification that ensures fair labour practices and prioritises local employment. What type of sustainability criteria does this describe?
Correct Answer: A
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A business case allows a company to:
Correct Answer: C
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