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CIPS L4M2 Exam With Confidence Using Practice Dumps

Exam Code:
L4M2
Exam Name:
Defining Business Needs
Vendor:
Questions:
237
Last Updated:
Dec 27, 2024
Exam Status:
Stable
CIPS L4M2

L4M2: CIPS Level 4 Diploma in Procurement and Supply Exam 2024 Study Guide Pdf and Test Engine

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Defining Business Needs Questions and Answers

Question 1

Procurement should work closely with colleagues in accounts when creating an annual budget. This is because the budget will help the company ...

Options:

A.

Define terms and conditions of the contract

B.

Plan its finances for the next year

C.

Process supplier invoices quicker

D.

Plan its functional strategy for the next year

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Question 2

To strengthen its market presence, ABC Group decided to develop a new product. A cross-functional team was formed to discuss the scope and the functions of the product. They will also survey the potential customers to see what they like, what they love, and what they dislike. What is this process called?

Options:

A.

Value analysis

B.

Cash flow analysis

C.

Product standardisation

D.

Value engineering

Question 3

Which of the following are main focuses of ISO 27001:2013 standard?

1. Confidentiality

2. Logistics

3. Process

4. Life cycle

Options:

A.

1 and 3 only

B.

3 and 4 only

C.

2 and 3 only

D.

2 and 4 only