Cips passleader pdf L3m3 Study Guide by Alexandros q36 vce pdf

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CIPS L3M3 Exam Overview :

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:	alexandros

Question 24

Which two of the following constitute part of a common risk assessment or risk evaluation formula?

Options:

Contingency

Likelihood

Impact

Prevention

Discussion

Question 25

Where the buying organisation’s contract manager feels that a contractor has under-performed, which one of the following actions is normally not recommended?

Options:

Implementing any liquidated damages clause in the contract

Issuing a termination notice

Serving a deficiency notice to indicate the significance of the situation

Offering a bonus payment for remedying any defects

Discussion

Question 26

Which one of the following is a trading bloc?

Options:

EFTA

EFTAT

EFTPOS

EFT

Discussion

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Question 27

Goods or services which must be used together are called:

Options:

Compliments

Condiments

Complements

Substitutes