Free CIPS L3M4 Exam Questions

While it is recognised that longer-term contracts have the potential to drive significant benefits for the organisation, a number of situations are more suited to making one-off purchases. Which of the below situations is likely to be more suited to a one-off purchase?

Which of the following is a qualitative key performance indicator? 

Which of the following would be most suitable for a one-off purchase agreement? 

CIPS believes that it is good practice for different staff members to be responsible for three key activities in procurement (specifying / requisitioning; sourcing / contracting; authorising payment), in order to reduce the likelihood of malpractice, and to do what is in the best interests of the organisation. Select two of the following terms which this principle is known by.

Which of these statements is a correct description of a contract?