Free CIPS L4M2 Exam Dumps Questions & Answers

Which of the following are the fair and reasonable comparators in price analysis? Select TWO that apply:

• A.  Price indices
• B.  Strike price
• C.  Cost driver
• D.  Competitive bidding
• E.  Pricing formula

A buyer can use sources of information to review indirect costs associated with the manufacture of goods to support supplier negotiations. Is this statement true?

• A.  No, because the only information available is for direct costs
• B.  Yes, because indirect costs are always variable
• C.  No, because the supplier's quotation is the only source of information
• D.  Yes, because the buyer can understand the cost build-up of the goods

A company department is writing a business case to justify the purchase of an expensive piece of capital equipment. Which of the following should be included in the business case?
* Terms and conditions of contract
* Tender evaluation criteria
* Degree of added value
* Financial plan

• A.  1 and 2 only
• B.  2 and 3 only
• C.  3 and 4 only
• D.  1 and 4 only

Which of the following are examples of environmental and social criteria in supplier tender evaluation?
Compliance with labour standards
Carbon footprint measures
Compliance with technical specification
After-sales maintenance service levels

• A.  1 and 2 only
• B.  1 and 3 only
• C.  3 and 4 only
• D.  2 and 4 only

What is the document that defines the activities, deliverables and timelines a supplier must carry out during contract performance?

• A.  Framework agreement
• B.  Project initial document
• C.  Work instruction
• D.  Statement of work