Free CIPS L4M3 Exam Questions
Absolute Free L4M3 Exam Practice for Comprehensive Preparation
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CIPS L4M3 Exam Questions
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Provided By: CIPS
- Exam: Commercial Contracting
- Certification: CIPS Certification
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Total Questions: 193
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Updated On: Apr 11, 2025
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Rated: 4.9 |
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Online Users: 386
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Question 1
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You are to do the KPIs and targets for international supplier and the following was done
1. Delivery in an hour
2. Return orders in an hour
Is that a good thing or not?
Answer: B
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You are to do the KPIs and targets for international supplier and the following was done
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Question 2
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Sharaton Foods Holding is looking for a vegetable harvesting and packaging system. They use the performance specification in the tendering process. What are the benefits of using this type of specification?1. Provide opportunities for innovation
2. Potentially limit the competition among the suppliers
3. Require less effort to produce a specification
4. Allow the end user to provide details on technical aspects
Answer: B
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Question 3
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A company needs to source a product from oversea. It wants to overcome technical barrier to cross-border trade by using standards in the specification. Which of the following is most likely to be incorporated into that specification?
Answer: B
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A company needs to source a product from oversea. It wants to overcome technical barrier to cross-border trade by using standards in the specification. Which of the following is most likely to be incorporated into that specification?
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Question 4
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In a contract, both buyer and supplier agreed the lead time is 3 days. The contract also requires that any variation must be made in writing. Then the buyer places an order by phone call and requests delivery the next day, but the supplier delivers on the third day since the order. Can buyer refuse to pay as supplier did not deliver per time?
Answer: A
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In a contract, both buyer and supplier agreed the lead time is 3 days. The contract also requires that any variation must be made in writing. Then the buyer places an order by phone call and requests delivery the next day, but the supplier delivers on the third day since the order. Can buyer refuse to pay as supplier did not deliver per time?
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Question 5
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Transit New Zealand, a public railway authority in New Zealand, opens an ITT for a contract to realign the railroads at Vinegar Hill. The agency has a statutory obligation to employ a fair and transparent tendering process. Which of the following is one of the actions that the agency must perform to ensure their compliance with the law?
Answer: D
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Transit New Zealand, a public railway authority in New Zealand, opens an ITT for a contract to realign the railroads at Vinegar Hill. The agency has a statutory obligation to employ a fair and transparent tendering process. Which of the following is one of the actions that the agency must perform to ensure their compliance with the law?