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CIPS L4M2 Exam With Confidence Using Practice Dumps

Exam Code:
L4M2
Exam Name:
Defining Business Needs
Certification:
CIPS Level 4 Diploma in Procurement and Supply
Vendor:
CIPS
Questions:
237
Last Updated:
Jan 24, 2025
Exam Status:
Stable
CIPS L4M2

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

Are you worried about passing the CIPS L4M2 (Defining Business Needs) exam? Download the most recent CIPS L4M2 braindumps with answers that are 100% real. After downloading the CIPS L4M2 exam dumps training , you can receive 99 days of free updates, making this website one of the best options to save additional money. In order to help you prepare for the CIPS L4M2 exam questions and verified answers by IT certified experts, CertsTopics has put together a complete collection of dumps questions and answers. To help you prepare and pass the CIPS L4M2 exam on your first attempt, we have compiled actual exam questions and their answers. 

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Defining Business Needs Questions and Answers

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Question 1

Why is the specification considered as the most important document in procurement?

Options:

A.

It provides a mean to appraise the performance of supplier

B.

It helps the buyer to gain at supplier's loss

C.

It eliminates all possible supply risks

D.

It always shifts the balance of bargaining power in favour of the buyer

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Question 2

Procurement provides the following information to a business case ...

Options:

A.

Estimated costs of bought-in goods

B.

Engineering specifications

C.

Service level requirements

D.

Internal recruitment requirements

Question 3

A manufacturing organisation has initiated a project focusing on costs, with a view to making significant savings. A procurement manager is leading the project. The initial data sources have focused on the cost of raw materials. Which of the following describes this cost?

Options:

A.

Direct, variable costs

B.

Indirect, variable costs

C.

Direct, fixed costs

D.

Indirect, fixed costs

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