CIPS Updated L3M4 Exam Questions and Answers by rico

Explanation

Cost reduction is often seen as being not only the primary role, but sometimes the only role, of the procurement function.

The other answer options give an indication of what activities can sometimes be more significant.

Explanation

The answer is political and economic.

The words used in the possible answers spell out STEEPLED which a later version of PEST, etc

Explanation

The answer is 'cross-functional'.

The term 'cross-functional' is used in your learning objectives and assessment criteria. You may wish to be clear as to what a cross-functional team is, and what its benefits are.

'Cross-organisational' would mean across separate organisations, which is not what the QUESTION NO: is asking about.

Explanation

The answer is 'referent power'.

An example might be a long-standing employee who 'knows the ropes' and helps others. Or it may be a famous person whose fame gives them power.

In some sources this may be known as 'charisma power'.

For me a great example of this form of power is Bill Clinton, who combined his allegedly substan-tial charisma, along with legitimate power and informational power. Presumably as US President, he also had access to coercive power as well as reward power. A powerful guy in a powerful position. People who have dealt with him long after he ceased to be the President say that his referent / cha-risma power lives on, hugely.