Max Stone Max Stone's Profile Page

Max Stone Max Stone

0 Course Enrolled • 0 Course Completed

Biography

Valid L4M3 Exam Sample - CIPS Commercial Contracting Realistic 100% Pass Quiz

DOWNLOAD the newest Real4Prep L4M3 PDF dumps from Cloud Storage for free: https://drive.google.com/open?id=1CI_5_KbuVhqnCQzIU8HRZggDakHNaSlD

One failure makes many candidates fall into despair, become unconfident or even someone want to give up testing for IT certification. Now L4M3 reliable practice exam online will help you out. It covers most real test questions and will assist you to clear exam certainly. You will be confident in your test. L4M3 reliable practice exam online will be an important choice for your CIPS certification. Sometimes choice is greater than effort.

CIPS L4M3 (CIPS Commercial Contracting) Exam is a globally recognized qualification that is offered by the Chartered Institute of Procurement and Supply (CIPS). L4M3 exam is designed for individuals who are already working in the procurement and supply chain field and are looking to enhance their knowledge and skills in commercial contracting. Candidates who pass the exam are eligible to obtain a CIPS Level 4 Professional Diploma in Procurement and Supply.

CIPS L4M3 Certification Exam is a computer-based exam, and it consists of 60 multiple-choice questions. Candidates have two hours to complete the exam, and they must achieve a score of at least 60% to pass. L4M3 exam is available at CIPS exam centers all over the world, and it can also be taken online.

>> Valid L4M3 Exam Sample <<

100% Pass Quiz CIPS - Unparalleled L4M3 - Valid CIPS Commercial Contracting Exam Sample

Real4Prep CIPS L4M3 preparation material is a comprehensive solution for CIPS L4M3 test preparation, with a variety of features aimed to help you earning the L4M3. The L4M3 test is a required step in getting the CIPS Commercial Contracting certification badge. With Real4Prep, you will get access to CIPS L4M3 Actual Questions that will allow you to focus on important concepts and prepare for the CIPS exam in a short period of time.

To prepare for the CIPS L4M3 Certification Exam, candidates are encouraged to study the CIPS syllabus and recommended reading materials, as well as attend training courses and workshops. L4M3 exam itself is a rigorous assessment of candidates' knowledge and understanding of commercial contracting, consisting of multiple choice questions and case studies. Those who pass the exam receive the CIPS L4M3 Certification, which is recognized by employers and industry professionals around the world.

CIPS Commercial Contracting Sample Questions (Q157-Q162):

NEW QUESTION # 157
Which of the following should be specially noticed in market dialogue with suppliers in specification development?

A. The buying organisation must avoid social media at all cost
B. Market dialogue is banned in the public sector
C. Market dialogue should only be conducted with well-known supplier
D. Both parties must respect confidentiality

Answer: D

Explanation:
Being clear on your objectives helps you to design the best approach to the dialogue. There are some notices in developing dialogue with suppliers:
- All meetings should be documented
- Respect commercial confidentiality. Although insights gained from one conversation lead to questions in another, you must be very careful not to allow this to happen in a way that breaches the confidentiality of the first conversation.
Reference: CIPS study guide page 84-85
LO 2, AC 2.1

NEW QUESTION # 158
Which of the following should be done by procurement professionals right after obtaining a pre-written specification for a critical item so that the added value will be the greatest?

A. Evaluate tender or quotation
B. Issue invitation to tender or request for quotation
C. Challenge the used specification
D. Select the best supplier

Answer: C

Explanation:
A previously used specification must always be robustly challenged to see how well it fits the proposed circumstances. Aspects which appear not to fit should be analysed to understand why they were included in the sample specification and whether this changes the view on whether or not they should be omitted or changed.
Reference: CIPS study guide page 80
LO 2, AC 2.1

NEW QUESTION # 159
Foodstuffs may arrive from an overseas supplier in a deteriorated state. Is this covered under the implied term of 'satisfactory quality'?

A. Yes, the food is not of a reasonable standard
B. No, it is sale by description
C. Yes, as the title has not passed yet
D. No, it is sale by sample

Answer: A

Explanation:
Under the Sale of Goods Act and other applicable legislation, goods must be of satisfactory quality, fit for purpose, and as described. Perishable goods arriving in a spoiled state would not meet the standard of satisfactory quality, even if sold by sample or description. This is an implied term that protects the buyer.
Reference:CIPS L4M3 Commercial Contracting Study Guide, Chapter 3, Section 3.1.1 - Implied terms and quality standards.

NEW QUESTION # 160
Which of the following contracts would be best suited to a 'variable pricing' arrangement?

A. A contract for window cleaning during the next three months
B. A contract for road building estimated to take five years to complete
C. A contract for the supply of lubricating oil for immediate delivery
D. A contract for the supply of 100 printing machines to be delivered next month

Answer: B

Explanation:
Variable pricing is suitable to situations when the cost of certain elements of the product fluctuate unpredictably. For road building, asphalt fluctuates regularly. Furthermore, 5 years are long period, then variable pricing is the most appropriate method to achieve value for money and control budget.
A contract for window cleaning during the next three months is a short-term service contract, fixed price is the most suitable method.
A contract for the supply of lubricating oil for immediate delivery is an one-off contract, only fixed price is applicable.
A contract for the supply of 100 printing machines to be delivered next month is also an one-off contract.
Reference: CIPS study guide page 172-183
LO 3, AC 3.3

NEW QUESTION # 161
Which of the following is the type of insurance that cover the liabilities of service provider such as legal advice, accountancy, technical designs, etc?

A. Employer's liability
B. Product liability
C. PII
D. Public liability

Answer: C

Explanation:
The most usual forms of insurance cover are as below:
- Employer's liability: Employers' liability insurance, sometimes known as employment practices liability insurance (EPLI), protects employers from financial loss if a worker has a job-related injury or illness not covered by workers' compensation. Employers' liability insurance can be packaged with workers' compensation insurance to further protect companies against the costs associated with workplace injuries, illnesses, and deaths. Employers' liability insurance is also called "part 2" of a workers' compensation policy.
- Public/product liability: Public liability insurance covers you against any claims made against your business
- for example if you were held legally liable for personal injury, or for damage done to property. The insurance will also cover you for any legal costs associated with defending claims against your business.
- Professional indemnity insurance (PII): Professional indemnity or liability insurance offers such coverage to professional advice or service providing individuals and companies ensuring protection against any legal costs and damages awarded as a result of claims relating to negligence. Whereas more general forms of liability insurance focus on direct forms of harm such as sustaining injuries, professional indemnity insurance provides a far more detailed and comprehensive form of coverage. The cover protects a firm or individual's liability relating to any financial loss caused by errors or omissions in the service provided as well as any alleged failure to perform on behalf of a client.
- Goods in transit coverage: Goods in transit insurance, sometimes referred to as GIT, covers goods against loss or damage while being moved from one place to another. These goods can be being carried by individuals in their own vehicle, self employed drivers or contractors or by third party carriers. The insurance can cover both domestic and international trips, with specific add-ons available for insurance within Europe.
Reference: CIPS study guide page 151-152
LO 3, AC 3.2

NEW QUESTION # 162
......

New L4M3 Braindumps Pdf: https://www.real4prep.com/L4M3-exam.html

2025 Latest Real4Prep L4M3 PDF Dumps and L4M3 Exam Engine Free Share: https://drive.google.com/open?id=1CI_5_KbuVhqnCQzIU8HRZggDakHNaSlD

Blog

Max Stone Max Stone

Biography