CRITICAL INFORMATION L3M4 ONLINE LEARNING ENVIRONMENT

Critical Information L3M4 Online Learning Environment

Critical Information L3M4 Online Learning Environment

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CIPS L3M4 Exam Syllabus Topics:

TopicDetails
Topic 1
  • Understand the challenges associated with, and methods to achieve organizational change: In this section, the CIPS L3M4 exam will test your grasp of organizational change. You will need to describe different types of organizational change, identify triggers for such changes, and explain how organizations typically respond. Additionally, you should be able to outline effective methods for implementing change.
Topic 2
  • Understand team dynamics and their influence on procurement and supply: For this CIPS Team Dynamics and Change exam topic, procurement and supply professionals will be assessed on their knowledge of how team dynamics affect procurement and supply processes. Candidates must describe the purpose and challenges of cross-functional teams, as well as the overall contribution and obstacles of team collaboration.
Topic 3
  • Know how the individual can support overall organizational success in procurement and supply: In the CIPS L3M4 Exam, aspiring procurement and supply professionals will need to demonstrate their understanding of how personal attributes contribute to organizational success in procurement and supply. This involves recognizing the roles of staff with devolved responsibilities, and highlighting the importance of effective liaison with internal customers and stakeholders.

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CIPS Team Dynamics and Change Sample Questions (Q74-Q79):

NEW QUESTION # 74
A catering supplier agrees to provide a meal to a school for $1.15 per unit for two years. What type of commercial agreement is this?

  • A. Fixed pricing
  • B. Incentive pricing
  • C. Cost plus pricing
  • D. Performance pricing

Answer: A


NEW QUESTION # 75
Misrepresentation can be defined as a false statement of material fact made by one of the contracting parties which was intended to (and did) induce the other party to make the contract. What remedies are available in this instance to the innocent party?

  • A. Contract is voidable and damages can be claimed
  • B. Contract is not voidable and it is too late to take any action
  • C. Contract is voidable and must be amended and performed
  • D. Contract is not voidable but damages can still be claimed

Answer: A


NEW QUESTION # 76
Express terms are terms stated in the contract between the parties. Which of the following are commonly-used express terms?

  • A. Time of performance, passing of title, and terms based on trade custom
  • B. Time of performance, payment terms, and passing of title
  • C. Force Majeure, terms found in the Sale of Goods Act 1979, and payment terms
  • D. Terms found in the Unfair Contract Terms Act 1977, payment terms, and passing of title

Answer: B


NEW QUESTION # 77
It is said that society is undergoing the 'fourth industrial revolution'. Which description most close-ly defines this idea?

  • A. The bringing together of various technologies, such as artificial intelligence, efficient en-ergy storage,
    3D printing, quantum computing, etc
  • B. The use of electric power to create mass production
  • C. The development of equalities thinking, respect for others, reduced working hours, working from home, discussion of a universal basic income
  • D. The use of outsourcing, low-cost labour, offshoring and modern slavery

Answer: A

Explanation:
The bringing together of various technologies, such as artificial intelligence, efficient energy storage, 3D printing, quantum computing, etc.
The correct answer shown defines nicely the characteristics of the radical changes being brought about during the fourth industrial revolution.
The other answers may, to a greater or lesser extent, be changes in modern society, but they do not represent Industry 4.0


NEW QUESTION # 78
Which one of the following is unlikely to appear in an organisational procurement manual?

  • A. Policies
  • B. Instructions
  • C. Staff names
  • D. Procedures

Answer: C

Explanation:
Staff names.
One of the 'benefits' of the creation of organisations large enough to have procurement manuals is that individuals can be replaced in their posts by others. This is part of the basis of Weber's theory of bureaucracy.
Charles Handy, a great UK management writer tells a story of how he took up a new post for a large oil company, and on his office door the job title was affixed permanently, but his own name was presented in a readily-replaceable label. He realised when he saw this how easily his employer thought he could be replaced.
Thus, procurement manuals are unlikely to name individual staff members - policies and procedures, posts and activities, yes.


NEW QUESTION # 79
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