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CIPS L4M3 Exam With Confidence Using Practice Dumps

Exam Code:
L4M3
Exam Name:
Commercial Contracting
Vendor:
Questions:
190
Last Updated:
Nov 21, 2024
Exam Status:
Stable
CIPS L4M3

L4M3: CIPS Level 4 Diploma in Procurement and Supply Exam 2024 Study Guide Pdf and Test Engine

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Commercial Contracting Questions and Answers

Question 1

Which of the following are among five 'pillars' of information assurance?

1. Recovery plan

2. Availability

3. Non-repudiation

4. Governance

Options:

A.

2 and 3 only

B.

1 and 2 only

C.

1 and 4 only

D.

3 and 4 only

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Question 2

Under a price adjustment agreement, which of the following would be supplier's justification for increasing unit price?

Options:

A.

Rise in fuel price

B.

Rise in economies of scale

C.

Rise in shares price

D.

Rise in customer's satisfaction

Question 3

Company A buys a lorry from Company B on hire purchase. During the contractual period, Company A makes default in paying the instalment. Company B has...?

Options:

A.

The right to take repossession of the lorry

B.

The option to repossess the lorry

C.

No right to take repossession

D.

Company B has to approach the court