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CIPS L4M3 Exam With Confidence Using Practice Dumps

Exam Code:
L4M3
Exam Name:
Commercial Contracting
Vendor:
Questions:
190
Last Updated:
Dec 26, 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

CISG will be most likely to apply to which of the following transactions?

Options:

A.

Sale of electricity

B.

Sale of a property

C.

Sale of iron ores

D.

Sale of a ship

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Question 2

Which of the following indicates the ratio between profit and costs?

Options:

A.

Gearing

B.

Margin

C.

Mark-up

D.

Liquidity

Question 3

Since services are intangible, so KPIs for services must be qualitative in all circumstances. Is this statement correct?

Options:

A.

No, KPIs for services must always be quantitative so that they can be measured easily

B.

No, some KPIs for services are measurable by means of outcome, time and space performed

C.

Yes, quantitative KPIs are limited to timeliness of supply of goods, defective rates and in-full quantities, which are applied to monitor supplier of physical goods

D.

Yes, the only measure mattered to supply of services is end-users' satisfaction