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CIPS L3M3 Exam With Confidence Using Practice Dumps

Exam Code:
L3M3
Exam Name:
Contract Administration
Vendor:
Questions:
90
Last Updated:
Nov 22, 2024
Exam Status:
Stable
CIPS L3M3

L3M3: CIPS Level 3 Advanced Certificate in Procurement and Supply Operations Exam 2024 Study Guide Pdf and Test Engine

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Contract Administration Questions and Answers

Question 1

Which two of the following constitute part of a common risk assessment or risk evaluation formula?

Options:

A.

Contingency

B.

Likelihood

C.

Impact

D.

Prevention

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Question 2

Which of the following would be unethical? Choose two.

Options:

A.

To place business with a company in which your sister works, having been instructed in writing to do so by your line manager

B.

To negotiate with suppliers

C.

To request quotations if the buyer has no intention to purchase

D.

To request quotations from several suppliers if the buyer has already decided where the contract will be awarded

Question 3

When negotiating, it is highly desirable to have both a:

Options:

A.

ZOPA and a TABNA

B.

BATNA and a ZOPA

C.

DOPA and a BANTA

D.

BATNA and a FOPA