Biography
Pass Guaranteed High-quality L4M3 - Test CIPS Commercial Contracting Online
The price of Our L4M3 practice guide is affordable, and you can always find that from time to time, we will give some promotion for our worthy customers. Meanwhile, we provide the wonderful service before and after the sale to let you have a good understanding of our L4M3 Study Materials. Our service are working at 24/7 online to give you the best and the most professional guidance on our L4M3 learning braindumps.
In our software version of the L4M3 exam dumps, the unique point is that you can take part in the practice test before the real L4M3 exam. You never know what you can get till you try. It is universally acknowledged that mock examination is of great significance for those who are preparing for the exam since candidates can find deficiencies of their knowledge as well as their shortcomings in the practice test, so that they can enrich their knowledge before the Real L4M3 Exam.
>> Test L4M3 Online <<
Reliable L4M3 Study Guide, L4M3 New Dumps Files
A free trial service is provided for all customers by L4M3 study materials, whose purpose is to allow customers to understand our products in depth before purchase. Many students often complain that they cannot purchase counseling materials suitable for themselves. A lot of that stuff was thrown away as soon as it came back. However, you will definitely not encounter such a problem when you purchase L4M3 Study Materials. All consumers who are interested in L4M3 study materials can download our free trial database at any time by visiting our platform.
CIPS Commercial Contracting Sample Questions (Q127-Q132):
NEW QUESTION # 127
Which of the following KPIs is qualitative?
1. Openness and co-operation of supplier
2. Responsiveness of supplier
3. Customer satisfactory ratings
4. Cost management
5. OTIF deliveries
- A. 1 and 3 only
- B. 2 and 3 only
- C. 1 and 4 only
- D. 2 and 5 only
Answer: A
Explanation:
Qualitative KPIs are based on pure opinions about how well or otherwise the goods are performing or the service is being delivered. Most often, these will be linked to, or converted into, a numerical measure. However, such satisfaction surveys often also include free fields for respondents to explain why they feel the way they do, and what they might have liked to have been different.
On the other hand, quantitative KPIs are based on numerical measure with either definite number (e.g., actual number of orders incomplete or otherwise inaccurate during the time period) or as a percentage (e.g. number of inaccurate orders as a percentage of the total number of orders).
Openness and co-operation means that supplier is open and co-operative in its relationship with purchaser, e.g., in terms of joint problem solving. This KPI is qualitative since it is measured by individual judgement.
Responsiveness of supplier means the supplier responds rapidly to requests for information and support without having to be chased. It is measured by the number of times requests chased as a percentage of number of requests. It is a quantitative KPI.
Customer satisfactory ratings means the level of customer's satisfaction. This KPI is measured by periodic survey and it is a qualitative KPI.
Cost management is another quantitative KPI. It can be measured by comparing between the actual costs and the contractual costs.
OTIF (one-time in-full) deliveries is a quantitative KPI. It can be measured by counting the inaccurate deliveries in the period or inaccurate deliveries as a percentage of total number of deliveries for period.
Reference:
LO 2, AC 2.2
NEW QUESTION # 128
Which of the following best defines an 'express' term in general contract arrangements?
- A. It is a standard set of terms and conditions published by CIPS
- B. It is not necessarily discussed by the parties, but nonetheless forms part of the contract
- C. It is the term that is added to the contract by the law or based upon the facts of the case.
- D. It is clearly agreed between the parties, and is virtually always written down in the contract
Answer: D
Explanation:
Express terms are the terms of the agreement which are expressly agreed between the parties. Ideally, they will be written down in a contract between the parties but where the contract is agreed verbally, they will be the terms discussed and agreed between the parties.
Implied terms are terms implied into the contract by the courts. They are not expressly set out in the contract but are taken to be as effective as if they were and as if they had been included from day one of the contract. The express terms and any implied terms together create the legally binding obligations on the parties.
Reference:
- Contracts: Express and Implied Terms
- CIPS study guide 126-132
LO 3, AC 3.1
NEW QUESTION # 129
Information assurance protects information systems and...?
- A. Computers
- B. Hard copy
- C. People
- D. Inventory
Answer: A
Explanation:
Information Assurance (IA) is the practice of managing information-related risks and the steps involved to protect information systems such as computer and network systems. The IA transformation is a partnership that stretches across the Department of Defense (DoD), Office of National Intelligence, Committee on National Security Systems, National Institute of Science and Technology (NIST), and the Office of Management and Budget.
The US Government's definition of information assurance is:
"measures that protect and defend information and information systems by ensuring their availability, integrity, authentication, confidentiality, and non-repudiation. These measures include providing for restoration of information systems by incorporating protection, detection, and reaction capabilities." Reference:
- What is Information Assurance (IA)?
- CIPS study guide page 99-100
LO 2, AC 2.1
NEW QUESTION # 130
Since services are intangible, so KPIs for services must be qualitative in all circumstances. Is this statement correct?
- A. Yes, quantitative KPIs are limited to timeliness of supply of goods, defective rates and in-full quantities, which are applied to monitor supplier of physical goods
- B. No, some KPIs for services are measurable by means of outcome, time and space performed
- C. Yes, the only measure mattered to supply of services is end-users' satisfaction
- D. No, KPIs for services must always be quantitative so that they can be measured easily
Answer: B
Explanation:
KPIs are used to monitor supplier's performance. They can be qualitative or quantitative. Of course, service providers can be monitored by quantitative KPIs regarding the outcome achieved (such as uptime in IT contracts), timeliness of deliveries (such as in construction contracts)...
Reference:
LO 2, AC 2.2
NEW QUESTION # 131
Which of the following is always an advantage of using fixed price arrangement in a contract for buying organisation?
- A. Buyer can allocate budget with certainty
- B. Buyer can harness falling market price
- C. Suitable for contracts that last 5 years or more
- D. Supplier always receives a fixed margin
Answer: A
Explanation:
Advantages of using fixed pricing arrangement are as below:
- Budget/income certainty - prices are fixed up front and should not change
- The impact of changes to the supplier's cost base is not fed through to the purchaser. If costs diminish, the supplier will benefit from this, and if costs rise, the purchaser will benefit Reference: CIPS study guide page 172-176 LO 3, AC 3.3
NEW QUESTION # 132
......
The Pass4Test Free CIPS L4M3 Sample Questions, allow you to enjoy the process of buying risk-free. This is a version of the exercises, so you can see the quality of the questions, and the value before you decide to buy. We are confident that Pass4Test the CIPS L4M3 sample enough you satisfied with the product. In order to ensure your rights and interests, Pass4Test commitment examination by refund. Our aim is not just to make you pass the exam, we also hope you can become a true IT Certified Professional. Help you get consistent with your level of technology and technical posts, and you can relaxed into the IT white-collar workers to get high salary.
Reliable L4M3 Study Guide: https://www.pass4test.com/L4M3.html
You will build confidence to make your actual test a little bit easier with L4M3 practice vce, They design the L4M3 dumps torrent based on the L4M3 real dumps, so you can rest assure of the latest and accuracy of our L4M3 exam dumps, The development of these L4M3 question dumps involves feedback from hundreds of CIPS professionals around the world, CIPS Test L4M3 Online If you buy online classes, you will need to sit in front of your computer on time at the required time; if you participate in offline counseling, you may need to take an hour or two of a bus to attend class.
If too many missiles hit Kodu, it's game over, Emphasis on performance and software engineering principles, You will build confidence to make your actual test a little bit easier with L4M3 practice vce.
Pass Guaranteed Quiz CIPS - L4M3 - CIPS Commercial Contracting –High-quality Test Online
They design the L4M3 dumps torrent based on the L4M3 real dumps, so you can rest assure of the latest and accuracy of our L4M3 exam dumps, The development of these L4M3 question dumps involves feedback from hundreds of CIPS professionals around the world.
If you buy online classes, you will need to sit in front of your computer L4M3 on time at the required time; if you participate in offline counseling, you may need to take an hour or two of a bus to attend class.
Pass4Test's CIPS study guides are comprehensive L4M3 Practice Exam Questions enough to address all the requirements of exam candidates in the best possible manner.
