Free CIPS L4M2 Exam Questions

Become CIPS Certified with updated L4M2 exam questions and correct answers

Page: 1 / 61

Total 305 Questions | Updated On: Feb 18, 2025

Add To Cart

Question 1

What kind of change may require a modified re-buy?

1. Change of order time

2. Change of specification

3. Change of terms and conditions

4. Switch from email orders to ERP orders

A : 2 and 3 only

B : 3 and 4 only

C : 1 and 3 only

D : 2 and 4 only

E : 1 and 2 only

F : 1 and 4 only

Answer: A

Question 2

When developing a business case for a new product, a procurement department must consider...

A : Terms and conditions of contract

B : The supply market

C : The supplier positioning model

D : Indirect costs

Answer: B

Question 3

Which kind of these following costs belong to the direct costs? Select TWO options

A : The materials and supplies needed for the company’s day-to-day operations.

B : An employee is hired to work on a project, either exclusively or for an assigned number of hours

C : Advertising and marketing communication

D : Clerical assistants who maintain the office

E : Raw materials

Answer: B,E

Question 4

A company is planning the procurement of an IT system and wants to agree a through-life contract with the supplier to ensure ongoing system support. The first step in producing that specification should be to:

A : epare tendering documents

B : fine the user requirements

C : ild a design

D : entify the IT system supplier

Answer: B

Question 5

A charity is reviewing their spend and budget after an operation in flooded areas. They realise that the operators save money against the budgeting plan. This saving is known as...?

A : gative variance

B : itive variance

C : itive budget

D : gative budget

Answer: A

Page: 1 / 61

Total 305 Questions | Updated On: Feb 18, 2025

Add To Cart