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CIPS Updated L3M3 Exam Questions and Answers by alexandros

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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:

A.

Contingency

B.

Likelihood

C.

Impact

D.

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:

A.

Implementing any liquidated damages clause in the contract

B.

Issuing a termination notice

C.

Serving a deficiency notice to indicate the significance of the situation

D.

Offering a bonus payment for remedying any defects

Discussion
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Question 26

Which one of the following is a trading bloc?

Options:

A.

EFTA

B.

EFTAT

C.

EFTPOS

D.

EFT

Discussion
Question 27

Goods or services which must be used together are called:

Options:

A.

Compliments

B.

Condiments

C.

Complements

D.

Substitutes

Discussion
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