Newest CIPS L4M3 Practice Questions at Zero Cost

Get a glimpse of the real L4M3 certification exam challenges with our free CIPS L4M3 practice test questions.

Question 1

The cost in cost reimbursable contract is...?

AActual cost

BVariable cost

CFixed cost

DProfit

Correct Answer: 1

Question 2

Since services are intangible, so KPIs for services must be qualitative in all circumstances. Is this statement correct?

ANo, KPIs for services must always be quantitative so that they can be measured easily

BNo, some KPIs for services are measurable by means of outcome, time and space performed

CYes, quantitative KPIs are limited to timeliness of supply of goods, defective rates and in-full quantities, which are applied to monitor supplier of physical goods

DYes, the only measure mattered to supply of services is end-users' satisfaction

Correct Answer: 2

Question 3

Which of the following are typically included in an SLA? Select TWO that apply:

Correct Answer: 3

B, C

Question 4

SFO procurement manager sent a request for quotation to Vogon International in which he determined the contract terms and specification. In SFO's standard terms and conditions, it is stated that 'Goods shall be delivered and Services performed by the applicable Delivery Date. Supplier must notify Buyer 3 days prior to the Delivery Date if Supplier is likely to be unable to meet a Delivery Date.'

Vogon replied with a quotation without any amendment to SFO's terms & conditions. The SFO procurement manager found the prices were reasonable and submitted to senior management. Senior management team accepted that quotation and sent a notification to Vogon. On the Delivery Date, Vogon said they had no capacity to supply the product as the quotation due to a workers' strike. Did Vogon breach any agreement with SFO?

ANo, because Vogon had no intention to be bound by the quotation, therefore, it didn't constitute a contract

BNo, because the strike is a force majeur event, so Vogon did not breach any contract with SFO

CYes, because the contract was formed since Vogon had sent the quotation as an acceptance to SFO's offer

DYes, because the contract had been formed between SFO and Vogon with the quotation as an offer and the notification as an acceptance

Correct Answer: 4

Question 5

Cleveland Insurance (Cleveland) offers a range of insurance services. The main software used in the call centre is a customer relationship management (CRM) system. Cleveland perceived an urgent need to replace the existing CRM system to deal with the increasing number of customers and services.

Urgent Digital Ltd (Digital) is one of the bidders of Cleveland's ITT. Its bid team is led by Hank Irvine, its technical director. Hank realises that winning the Cleveland contract (valued at approximately 50M) will enhance his career. During discussions with Cleveland, Hank offers certain assurances regarding timescales for the project. He has not carried out any investigations into the viability of the timescales. Hank has little idea whether the timescales can be met.

Cleveland decides that Digital's bid meets with its requirements, especially given the assurances in timescale offered by Hank, and decides to proceed with it, subject to a formal contract. Eventually, a formal contract is signed by both parties. The initial assurances given by Hank about the timing of the project are never going to be achieved and are at best grossly exaggerated.

Hank's pre-contractual assurance is most likely to be an example of which of the following?

AInaccuracy in communication

BThreat

CInitial impossibility

DFraudulent misrepresentation

Correct Answer: 5

Master the Commercial Contracting L4M3 exam like never before! You’ve reviewed the free L4M3 practice questions, but the actual CIPS certification exam demands more. Elevate your preparation with Certsmarket premium CIPS L4M3 practice exam questions.

Explore Free CIPS L4M3 Practice Questions for Exam Mastery

Our Community

What our students say about us?