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 L3M4 Dumps with Practice Exam Questions Answers

Questions: 150 questions With Step-by-Step Explanation

Last Update: Nov 19, 2024

L3M4 Question Includes: Single Choice Questions: 121, Multiple Choice Questions: 29,

L3M4 Exam Last Week Results!

20

Customers Passed
CIPS L3M4

88%

Average Score In Real
Exam At Testing Centre

93%

Questions came word by
word from this dump

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L3M4 Questions and Answers

Question # 1

As a result of a global pandemic, a local hospital is facing significant patient capacity pressures and would like the construction of a new 50-bed ward to be prioritised and fully operational at the earliest opportunity. Which of the following pricing arrangements would support this aspiration?

A.

Penetration contract pricing

B.

Time and materials arrangement pricing

C.

Fixed price economic adjustment pricing

D.

Incentivised contract pricing

Question # 2

Which one of the following is unlikely to appear in an organisational procurement manual?

A.

Staff names

B.

Instructions

C.

Policies

D.

Procedures

Question # 3

The view that financial rewards are welcome, but are not everything; that workers are willing to take on responsibility and enjoy a problem-solving approach is in line with Theory (Douglas McGregor):

A.

Y

B.

A

C.

Z

D.

X

Question # 4

‘Processes can be improved simply by organising the work in a way that means people have to move around less’. Which ‘waste’ is being described here?

A.

Motion

B.

Waiting

C.

Overproduction

D.

Transportation

Question # 5

A buyer is in the process of supporting colleagues internally in the drafting of a specification for a new product. They have limited personal knowledge of the product and of the market. They are at the very early stages of drafting the specification and are seeking to increase their knowledge, whilst at the same time, keeping their likely future needs a commercial secret at this stage. Which of the following would be the best method of achieving this?

A.

Interview staff from finance

B.

Advertising on a relevant online forum

C.

General networking at relevant trade events

D.

Issue a formal request for information