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CIPS Level 3 Advanced Certificate in Procurement and Supply Operations L3M4 Passing Score

Page: 5 / 11
Question 20

‘A person may exert power on the basis of their formal authority or status’

Which of the French and Raven sources of power is being described here?

Options:

A.

Reward

B.

Referent

C.

Legitimate

D.

Expert

Question 21

Where there is transformational change coupled with a slow rate of change, is this:

Options:

A.

Evolution

B.

Adaptation

C.

Revolution

D.

Reconstruction

Question 22

The Grain Building Limited company contracts with many smaller suppliers on projects where agents can create uncertain working conditions, including changes to the scope of work, start times and late changes. The work is often affected by the weather, shortages of parts, or client indecision. To mitigate this, Grain Building Limited contracts with known and reliable suppliers on the basis of the cost-plus pricing model.

Which is the correct meaning of the term "cost-plus"?

Options:

A.

Costs plus taxes and profit

B.

Costs plus agreed profit

C.

Costs plus delivery and profit

D.

Costs plus overheads, profits, and taxes

Question 23

Which of the following describes a tender process run under a framework agreement where the tender only includes price and limited aspects of quality?

Options:

A.

Leasing agreement

B.

Mini-competition

C.

Simple one-off purchase

D.

Complex one-off purchase

Page: 5 / 11
Exam Code: L3M4
Exam Name: Team Dynamics and Change
Last Update: Dec 25, 2024
Questions: 150
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