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L4M2 Dumps - Defining Business Needs Practice Exam Questions

CIPS L4M2 - CIPS Level 4 Diploma in Procurement and Supply Practice Exam

  • Certification Provider:CIPS
  • Exam Code:L4M2
  • Exam Name:Defining Business Needs Exam
  • Total Questions:204 Questions and Answers
  • Updated on:Sep 19, 2024
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CIPS L4M2 This Week Result

L4M2 Question and Answers

Question # 1

Which of the following are typically included in a conformance specification? Select TWO that apply.

Options:

A.  

Product functions

B.  

Product dimensions

C.  

Brand name

D.  

List of outcome

E.  

Packaging requirements

Discussion 0
Question # 2

One of the disadvantages of using standards in specification is that...

Options:

A.  

Standards lengthen the time to produce a specification

B.  

Standards tend to be rigid and they often don't encourage innovation

C.  

Standards don't allow the buyers to add health and safety requirements into the specification

D.  

Standards tend to be inaccurate and ambiguous, causing confusion among suppliers

Discussion 0
Question # 3

To improve the productivity, Plantation Ltd is planning to purchase a tractor, which it has never bought before. The project must be quick to catch up with the next growing season. Leanne, a jun-ior procurement staff at the company, assumes that she could skip market analysis stage to save time. Is this assumption reasonable?

Options:

A.  

No, the company assesses supplier's performance solely based on market analysis

B.  

Yes, Leanne just needs to purchase the tractor from her friend's company

C.  

No, market analysis will inform the company of the pricing as well as latest technology trends

D.  

Yes, the company has extensive experience in purchasing tractor

Discussion 0

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