CIPS Level 4 Diploma in Procurement and Supply L4M8 Practice Test Engine Try These 106 Exam Questions [Q13-Q27]

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CIPS Level 4 Diploma in Procurement and Supply L4M8 Practice Test Engine: Try These 106 Exam Questions

Guaranteed Success in CIPS Level 4 Diploma in Procurement and Supply L4M8 Exam Dumps

QUESTION 13
Describe three ways in which a buyer could or test the market in other to assist with determining a need.

QUESTION 14
How does positive social impact present itself?

QUESTION 15
Which sector most frequently uses invitation to tender?

QUESTION 16
Using the case study about Toyata, which type of benchmarking Tada has used when comparing the Toyata with Porsche?

QUESTION 17
Use the balance sheet below to work out the correct ratio for coffee Time and explain whether the company appears to have enough assets to cover it liability.

QUESTION 18
What are the reasons that a contract can legally be terminated?

QUESTION 19
Explain how procurement should decide whether to make or buy a product or service.

QUESTION 20
Write down a list of assets that belong to an organization with which you are familiar.

QUESTION 21
Think of a supply chain with which you are familiar and distinguish between the primary, second-ary and tertiary sector organization within it.

QUESTION 22
Which Incoterm applies here?
The supplier is responsible for delivering the goods to a point alongside a water vessel (such as a dock or quay) as determined by the buyer at a named port. Once delivered, all risk is transferred to the buyer until the goods are transported and delivered to their name destination.

DAT – Delivered At Terminal

DAP – Delivered At Place

DDP – Delivery Duty Paid

FAS – Free Alongside Ship

QUESTION 23
Explain why the behavior of an organization with which you are familiar could affect its business.

QUESTION 24
Which Incoterm applies here?
The supplier is responsible for delivering the goods directly onto the vessel that will transport them to their named destination and must also cover the cost of this. The supplier bears all risks until the goods are delivered to the buyer at their named place.

FOB – Free On Board

DAP – Cost and Freight

CIF – Cost Insurance and Freight

AS – Free Alongside Ship

QUESTION 25
Which Incoterm applies here?
The supplier is responsible for delivering the goods to a carrier or to an intermediate agreed place and should ensure that the goods have at least minimal insurance cover until this point. Again, the buyer is responsible for ensuring these goods reach their named destination from here.

EXW – Ex Works

FCA – Free Career

CPT – Carriage Paid To

CIP – Carriage and Insurance Paid to

QUESTION 26
What do STEEPLE and SWOT stand for?

QUESTION 27
Describe three benefits of working cross-functionally