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CIPS L3M4 Exam With Confidence Using Practice Dumps

Exam Code:
L3M4
Exam Name:
Team Dynamics and Change
Vendor:
Questions:
150
Last Updated:
Mar 9, 2025
Exam Status:
Stable
CIPS L3M4

L3M4: CIPS Level 3 Advanced Certificate in Procurement and Supply Operations Exam 2025 Study Guide Pdf and Test Engine

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Team Dynamics and Change Questions and Answers

Question 1

Contract terms are statements by the parties to the contract as to what they understand their rights and obligations to be under the contract. It is important from the outset that there is a genuine agreement between the parties as to what the contract terms are. After the contract has been made, it is too late for either party to alter its terms unilaterally. Which of the following is another role that negotiated contract terms might play?

Options:

A.

Defining conditions and contingencies that may alter the arrangement

B.

Ensuring any future contracts will be on the buyer's terms

C.

Providing a guarantee that the supplier will never fail to perform under any circumstances

D.

Identifying the type of contractual disputes in which the courts might decline to adjudicate

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Question 2

Taiichi Ohno came up with the notion of the ‘wastes’. How many wastes?

Options:

A.

7

B.

5

C.

4

D.

6

Question 3

Which two of the following could not be classified as internal triggers for change? A change of:

Options:

A.

Major customer

B.

Leadership

C.

Legislation

D.

Profitability