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CIPS-Ethical and Responsible Sourcing L4M4 Paper 10.
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1.
The type of product or service—whether it is a new purchase, re-order, or modified purchase—determines several factors including
2.
When a need is authorized by the right individual, the procurement department evaluates whether it turns into a
3.
The process of informing the procurement department about a need is referred to as
4.
Factors that influence a buyer's ability to negotiate prices with suppliers include
5.
The price of a product is typically influenced by
6.
During the introduction phase of a product, typically:
7.
Sustainability focuses on:
8.
If a supplier believes they have been unfairly treated, they can
9.
The most effective method of communicating with a stakeholder is?
10.
The term used for collaboration between buying and supplying organizations is
11.
Sourcing is the more strategic part of procurement, whereas purchasing tends to be more of an......
12.
When deciding on sourcing methods, the buyer should consider all factors except:
13.
An offer made without specifying terms is considered
14.
Consideration in a contract does not always have to be financial, but it must have
15.
Legally, consideration must be sufficient but is not required to be:
16.
In standard contracts, agreements are usually drafted by.....
17.
Key terms in a contract usually relate to:
18.
The retention of ownership clause applies exclusively to
19.
An organization with a strong financial standing will typically have assets with a __________ value compared to its liabilities:
20.
When Benjamin prepared the RFI for the project, the following elements should be included, except for
21.
For financial activities, cash flow information typically includes everything except:
22.
A high gearing ratio indicates that an organization might face
