Free CIPS L4M2 Exam Questions

Become CIPS Certified with updated L4M2 exam questions and correct answers

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Total 206 Questions | Updated On: Nov 14, 2024

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Question 1

Buyers are more powerful than the supplier when they are purchasing from monopoly market. Is this statement true?

A : ue, suppliers in monopoly market produce homogenous products

B : lse, the buyer will be unable to track and manage supplier's performance

C : ue, in monopoly market, buyer's switching costs from the incumbent supplier to another are relatively low

D : lse, buyer will lack negotiating power on cost if the supplier has a monopoly in the market

Answer: D

Question 2

Ymira is asked to develop the specification for water purifier which will be used at the company headquarter. She believes that the specification can be drafted based on the information available on the Internet, such as blog posts, comparison websites, how-to websites, life hacks, etc. Which of the following traits will make the information more useful?

A : Trustworthy sources

B : Written by inexperienced author

C : Objectivity

D : Subjectivity

E : Promotional information

Answer: A,C

Question 3

Warwickshire Ambulance Service (WAS) is an NHS Trust. It operates throughout Warwickshire and the neighbouring areas. It has three core areas of activity, namely the provision of Emergency Ambulance Services, routine Patient Transport Services, and Logistic Medical Services. The agency is working towards higher service level through benchmarking. Which of the following is the benefit of benchmarking to WAS?

A : nchmarking is a panacea for all WAS's problems

B : will help WAS create performance standards derived from an analysis of the best in business

C : helps WAS identify better ways to deliver service through a cookbook process

D : will help WAS analyse the competitors in the industry

Answer: B

Question 4

Which of the following agencies can produce a technical standard?

A : I

B : use of Lords

C : partment of State

D : iversities

Answer: A

Question 5

What is the output of regression analysis?

A : pendent variables

B : ne of best fit

C : recasting process

D : dependent variables

Answer: B

Page: 1 / 42

Total 206 Questions | Updated On: Nov 14, 2024

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