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CIPS Contract Administration - L3M3 Free Exam Questions

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Total 92 questions
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QUESTION NO: 1
Tolerate, transfer, terminate or ...?

Correct Answer: D Vote an answer
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QUESTION NO: 2
In which year did the United Nations issue the Universal Declaration of Human Rights?

Correct Answer: D Vote an answer
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QUESTION NO: 3
'The CIPS Code of Conduct states that procurement professionals should not accept any business gifts under any circumstances.' True or false?

Correct Answer: A Vote an answer
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QUESTION NO: 4
Win-win style negotiations are said to be:

Correct Answer: C Vote an answer
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QUESTION NO: 5
What do we call the point when the supply firm makes neither a profit nor a loss ie where all costs are covered yet no profit is made?

Correct Answer: D Vote an answer
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QUESTION NO: 6
When a proposal fits with organisational strategy / direction / values, this can be described as:

Correct Answer: D Vote an answer
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QUESTION NO: 7
The variable cost of a bottle of water is 25 cents. Selling price is $1, and fixed costs are one hundred thousand dollars. How many bottles of water must be sold to reach breakeven point?

Correct Answer: D Vote an answer
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QUESTION NO: 8
Where the buying organisation's contract manager feels that a contractor has under-performed, which one of the following actions is normally not recommended?

Correct Answer: B Vote an answer
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QUESTION NO: 9
Which one of the following is a trading bloc?

Correct Answer: A Vote an answer
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QUESTION NO: 10
Qualitative research / data can accurately be described as XXX rather than 'counting'. What is XXX?

Correct Answer: B Vote an answer
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Total 92 questions

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