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Guide for CIPS-L4M6

Quiz CIPS-L4M6

10/120 Questions|Updated on 2022/11/04
Free Test
/ 10

Quiz

1/10
According to Michael Porter, what is procurement?
Select the answer
1 correct answer
A.
a support activity which provides a source of competitive advantage
B.
a primary activity which provides a source of competitive activity
C.
a primary activity which provides value for money
D.
a secondary activity which provides value for money

Quiz

2/10
Which of the following are considered part of the '5 Rights of Procurement'? Select THREE.
Select the answer
3 correct answers
A.
place
B.
quality
C.
cost
D.
focus
E.
time

Quiz

3/10
In a monopoly market, which of the following statements is true?
Select the answer
1 correct answer
A.
bargaining power of suppliers is strong
B.
bargaining power of buyers is strong
C.
There is strong rivalry
D.
There is a threat of new entrants

Quiz

4/10
In an oliogopy market, what would a regulator do?
Select the answer
1 correct answer
A.
prevent price fixing and collusion
B.
stop the market becoming a monopoly
C.
ensure value for money for buyers
D.
ensure health and safety standards

Quiz

5/10
Which of the following would not affect rivalry in a marketplace? Select TWO.
Select the answer
2 correct answers
A.
industry growth or decline
B.
exit barriers
C.
switching costs
D.
supply chain disruption
E.
legislative changes

Quiz

6/10
Which of the following factors would you use to analyse the macro-environment? Select THREE.
Select the answer
3 correct answers
A.
social
B.
cultural
C.
political
D.
philosophical
E.
legislative

Quiz

7/10
Gabriel is a procurement manager who wishes to explore a new avenue to procure products for his company. His manager has told him that he should invite internal stakeholders to a meeting to get their feedback. Who should Gabriel invite? Select THREE.
Select the answer
3 correct answers
A.
end-users
B.
legal department
C.
customers
D.
suppliers
E.
employees

Quiz

8/10
Value for money is often described at the ‘three Es’; economy, efficiency and effectiveness. However some people consider a 4th E which refers to the public sector. What is the fourth E?
Select the answer
1 correct answer
A.
Equality
B.
Environment
C.
Equity
D.
Ethics

Quiz

9/10
A garden centre has recently purchased some lollypop sticks to use as plant labels. The staff have written the name of the plant on the lollypop stick and put it next to the plant. This helps them identify which plant is which. However, after a couple of weeks, the lollypop sticks have become mouldy and the writing has faded. Staff are now struggling to identity their plants. The Manager of the garden centre is considering returning the lollypop sticks and asking for a full refund as they were not fit for purpose. Can the Manager do this?
Select the answer
1 correct answer
A.
Yes- the lollypop sticks have gone mouldy- this is unacceptable
B.
Yes- so long as the manager kept the receipt
C.
No- as this was not the lollypop sticks intended purpose
D.
No- the manager cannot prove that the product is faulty

Quiz

10/10
Fred is a new procurement manager at a large engineering firm. They procure 100s of components and use these to make kitchen appliances such as kettles and toasters. He has been asked by his manager to look into procuring a new component which will go into a new environmentally friendly kettle and has been asked to ensure that the firm receives value for money. What should Fred do?
Select the answer
1 correct answer
A.
Hold an open competition
B.
Contact current suppliers to try and get a good deal
C.
Invite known suppliers to bid for the contract
D.
Put together a business case to make the product in-house
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  • Quiz name:CIPS-L4M6
  • Total number of questions:120
  • Number of questions for the test:50
  • Pass score:80%

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