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L4M3 Dumps - Commercial Contracting Practice Exam Questions

CIPS L4M3 - CIPS Level 4 Diploma in Procurement and Supply Practice Exam

  • Certification Provider:CIPS
  • Exam Code:L4M3
  • Exam Name:Commercial Contracting Exam
  • Total Questions:190 Questions and Answers
  • Updated on:Sep 16, 2024
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L4M3 Question and Answers

Question # 1

Which of the following is most likely to reduce ITT preparation time while maintaining the clarity of tendering documents?

Options:

A.  

Using request for quotation

B.  

Standardising documentation whenever possible

C.  

Monitoring usage

D.  

Eliminating pre-qualification stage from all tendering processes

Discussion 0
Question # 2

In a sale contract, a clause requires the seller to "defend, reimburse, and hold harmless" the buyer and its personnel from and against any and all damages arising in connection with some specific circumstances. This clause is an example of...?

Options:

A.  

Insurance

B.  

Liquidated damages

C.  

Indemnity

D.  

Force Majeure

Discussion 0
Question # 3

Streaming Ltd is a music streaming provider based in the UK. The company is looking for extending its presence in the US. To achieve this, the company needs to outsource the data centre service to a local company. To monitor the performance, the procurement manager would like to introduce a service level agreement (SLA) to the data centre service provider. Which of the following should be included in the SLA?

1. System availability

2. The mean time to recover from system failure

3. The actual number of on-time service delivery

4. Dispute resolution procedure

Options:

A.  

1, 3 and 4 only

B.  

1, 2 and 4 only

C.  

1, 2 and 3 only

D.  

2, 3 and 4 only

Discussion 0

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