Cips spoto sure Pass Exam L4m2 Pdf by Noa q86 vce pdf

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Exam Name:	Defining Business Needs
Exam Code:	L4M2 Dumps
Vendor:	CIPS	Certification:	CIPS Level 4 Diploma in Procurement and Supply
Questions:	303 Q&A's	Shared By:	noa

Question 24

Which of the following content should a performance specification feature? Select TWO that apply.

Options:

Exact details of the packaging

Outcomes to be achieved

Drawings of the required product

Required quality level

Approved/excluded materials requirements

Discussion

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Question 25

Which of the following positively affects a buyer's company cash flow? Select TWO that apply:

Options:

A customer agrees to pay the buyer's company upon purchase

Buyer’s company offers sales discounts and promotions

A supplier reduces its payment terms to payment on receipt

The bank grants a loan to the buyer's company

Payment of dividends to the buyer company shareholders

Discussion

Question 26

Standards are documents that stipulate or recommend minimum levels of performance and quality levels of goods and services. The government is the only source of any standards that are applied by businesses in nations. Is this correct?

Options:

Yes, the only other possible source is through international initiatives such as ISO

Yes, because a country has a national body that regulates standards within the nation

No, governments only create standards for products related to national security

No, standards can be generated internally by other organisations besides the government and ISO

Discussion

Question 27

Azram, a procurement analyst, has been tasked with applying whole life asset management when purchasing laboratory equipment. Was this the correct course of action?

Options:

Yes, because this focuses only on the price of the equipment

Yes, because this considers all associated costs

No, because this considers the costs of quality

No, because this covers various transactional costs