Cips actualtests cips L3m3 Questions Answers by Zachariah q27 vce pdf

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Exam Name:	Contract Administration
Exam Code:	L3M3 Dumps
Vendor:	CIPS	Certification:	CIPS Level 3 Advanced Certificate in Procurement and Supply Operations
Questions:	90 Q&A's	Shared By:	zachariah

Question 8

A sum of money credited to a buyer by a seller in recognition of a large volume of purchases bought throughout the previous year might be called a:

Options:

Retrospective rebate

Vendor debit

Historic refund

Retrospective reward

Discussion

Question 9

A contract clause indicating damages to be recovered in the event of under-performance, with the proposed damages being a genuine pre-estimate of loss, is called a:

Options:

Punitive damages clause

Liquidated damages clause

Penalty clause

Unliquidated damages clause

Discussion

Question 10

Which one of the following could not be classed as a form of performance specification?

Options:

Functional

Outcome-focused

Output-based

Input-driven

Discussion

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Question 11

Win-win negotiation is not commonly described as a (choose the most appropriate):

Options:

zero sun game

someone game

win some gain

zero sum game