CIPS Updated L3M4 Exam Questions and Answers by morgan

Yes, because the contract is always a very large document and the parties need easy access to price information to negotiate increases

Yes, because all contracts are required to have detailed pricing terms, such as fixed prices, incentives, and price escalation, which must be attached

No, because it is not a requirement to attach a pricing schedule if complex pricing terms are not applicable to that particular contract

No, a pricing schedule is required only if other attachments such as a non-disclosure agreement and insurance policy are also appended

Preparing purchase orders

Establishing long-term partnership relations with key suppliers

Expediting

Preparing specifications

Encourages diversity, and lets team members be themselves

Creates a mission that team members can work together to achieve

Chooses to limit their role in teamworking: delegates

Sets objectives and separate tasks for individual team members

The results from a patient complaints survey

The minimum speed of response relating to invoice queries

The average lead time from order placed to receipt of devices

The percentage of on-time in-full orders received per month

The number of orders placed in the previous accounting period minus orders placed in the current period