Free CIPS L4M4 Exam Dumps Questions & Answers

Added value can be objectively defined. Is this sentence TRUE?

• A.  Yes- added value is the same for all organisations
• B.  Yes- added value should be assessed along with price
• C.  no - added value may change from one company to another
• D.  no- added value is always intangible

Which of the following is not a type of fraud that procurement professionals should be vigilant for?

• A.  identity theft
• B.  phishing
• C.  kickback
• D.  coersion

Which of the following is an example of intracompany trading? Select TWO

• A.  two companies join together to create a new product
• B.  cleverness
• C.  two departments within the same company collaborate on a project
• D.  two companies owned by the same entity conduct business
• E.  a manufacturer in the UK buys raw copper from a supplier in Chile

The procurement manager has received the following data from the supplier's accounts to facilitate the calculation of the supplier's current ratio:
Current Assets: Stock $200; Debtors $60; Cash $40; Total $300
Short Term Liabilities: Bank overdraft $150
Which calculation will the procurement manager use to find out the current ratio?

• A.  (300 - 200 - 150) × 100
• B.  300 ÷ 150
• C.  (300 - 200) ÷ 150
• D.  (300 ÷ 150) × 100

Which of the following would you expect to find in an Invitation to Tender? Select THREE

• A.  deadline(Correct)
• B.  qualifications required
• C.  awarding body
• D.  risk assessments
• E.  pricing schedule