HOW CAN YOU PASS CIPS L4M8 CERTIFICATION EXAM WITH FLYING COLORS?

How Can You Pass CIPS L4M8 Certification Exam With Flying Colors?

How Can You Pass CIPS L4M8 Certification Exam With Flying Colors?

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To prepare for the CIPS L4M8 exam, candidates are required to complete a series of modules that cover the key concepts and principles of procurement and supply management. These modules are designed to provide candidates with a solid foundation in the subject matter and help them develop the skills and competencies they need to succeed in the profession.

CIPS L4M8 Exam is an online exam that consists of 60 multiple-choice questions. Candidates have a total of 90 minutes to complete the exam, and they must achieve a minimum score of 50% to pass. L4M8 exam is available in several languages and is administered at various testing centers around the world.

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CIPS Procurement and Supply in Practice Sample Questions (Q85-Q90):

NEW QUESTION # 85
Which Incoterm applies here?
The supplier is responsible for delivering the goods directly onto the vessel that will transport them to their named destination and must also cover the cost of this. The supplier bears all risks until the goods are delivered to the buyer at their named place.

  • A. DAP - Cost and Freight
  • B. FOB - Free On Board
  • C. AS - Free Alongside Ship
  • D. CIF - Cost Insurance and Freight

Answer: A


NEW QUESTION # 86
Explain the concept of the 3Ps/TBL and how it can be used by an organization.

Answer:

Explanation:
Trying to measure how sustainable an organization was used to be challenging undertaking. How-ever, during the 1990s, a concept brought up by American John Elkington change the way sustainability was measured. This framework is known as the triple bottom line (TBL) and measures sustainability in relation to organizational performance and investment against the 3Ps (1) Profits (2) People (3) Planet. For example; Profit: A packaging manufacturer reinventing its profits in a State- of-the-art recycling machinery for it wasted cardboard.
People: A large privately owned call center donate its end of life computers to a local youth clubs and social groups to help gain internet cases.
Planet: A driving instructors using only hybrid vehicles to teach her learners, thus to reducing Co2 emission.
The TBL, although a useful tool, is simply a way of recording how sustainable an organization is. Alone, it does not contribute towards any improvements or generate any actions promoting a more favorable, sustainable outlook. Objectives should be set in relation to what the 3Ps show and then monitored by implementing KPIs or other measuring methods.


NEW QUESTION # 87
Use the balance sheet below to work out the correct ratio for coffee Time and explain whether the company appears to have enough assets to cover it liability.

Answer:

Explanation:
The current ratio is one of the two was to determine organizations liquidity (how quickly its assets can be converted into cash)

A current ratio of 1 shows that the organization has enough assets to repay (cover) it liability Buyers can be encouraged to deal with these suppliers after if they considered proven and strong in other areas.


NEW QUESTION # 88
Create a list of primary and secondary Data sources?

Answer:

Explanation:
Data can be primary or secondary
Primary data are derived from original work or research through experience. Primary data can be gathered from the following sources; 1) Interview (2) survey (3) meetings (4) case studies.
Secondary data is derived from a previous source, i.e. somebody else has gathered the data. Sec-ondary data can be gained from; (1) Books (2) Websites, Trade magazines, etc


NEW QUESTION # 89
What Incoterm applies here?
The supplier is responsible of placing the goods in the hands of a chosen copyright by the buyer, at which point the buyer takes on the risk.

  • A. FCA - Free Career
  • B. CIP - Carriage and Insurance Paid to
  • C. EXW - Ex Works
  • D. CPT - Carriage Paid To

Answer: A


NEW QUESTION # 90
......

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