Free CIPS L4M2 Exam Questions
Absolute Free L4M2 Exam Practice for Comprehensive Preparation
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CIPS L4M2 Exam Questions
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Provided By: CIPS
- Exam: Defining Business Needs
- Certification: CIPS Certification
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Total Questions: 367
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Updated On: Dec 06, 2025
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Rated: 4.9 |
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Online Users: 734
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Question 1
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When purchasing routine items such as common stationery supplies. how can the business need forefficiency be met?1. Including incentives and penalties in contracts2. Introducing e-procurement solutions3. Introducing competitive bidding4. Vendor Managed Inventory
Answer: C
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When purchasing routine items such as common stationery supplies. how can the business need forefficiency be met?1. Including incentives and penalties in contracts2. Introducing e-procurement solutions3. Introducing competitive bidding4. Vendor Managed Inventory
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Question 2
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OMK is a Russian steel firm that is expanding market abroad. The CPO desires to bring purchasing activities in line with the company’s ethos to be better and one step ahead. He and his team sum up 36 categories which cover approximately 90% of spend. He also establishes cross-functional teams that included anyone connected to the category. Each specification writing within a cross-functional team is treated as a project. Which of the following document should be preceded specification writing in each cross-functional team?
Answer: B
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OMK is a Russian steel firm that is expanding market abroad. The CPO desires to bring purchasing activities in line with the company’s ethos to be better and one step ahead. He and his team sum up 36 categories which cover approximately 90% of spend. He also establishes cross-functional teams that included anyone connected to the category. Each specification writing within a cross-functional team is treated as a project. Which of the following document should be preceded specification writing in each cross-functional team?
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Question 3
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Which of the following can directly affect labour variance? Select TWO that apply:
Answer: B,C
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Which of the following can directly affect labour variance? Select TWO that apply:
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Question 4
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Which kind of these following costs belong to the direct costs? Select TWO options
Answer: B,E
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Which kind of these following costs belong to the direct costs? Select TWO options
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Question 5
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Which of the following is a risk to buying organization when using conformance specification?
Answer: A
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Which of the following is a risk to buying organization when using conformance specification?