Free CIPS L4M2 Exam Questions
Absolute Free L4M2 Exam Practice for Comprehensive Preparation
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CIPS L4M2 Exam Questions
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Provided By: CIPS
- Exam: Defining Business Needs
- Certification: CIPS Certification
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Total Questions: 367
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Updated On: Apr 15, 2026
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Rated: 4.9 |
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Online Users: 734
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Question 1
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A procurement manager is seeking to control costs for his organisation. His predecessor constantly spent moremoney than budgeted, so he has decided to start this budget from scratch and ignore the previous periods.Which type of budget is this?
Answer: A
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A procurement manager is seeking to control costs for his organisation. His predecessor constantly spent moremoney than budgeted, so he has decided to start this budget from scratch and ignore the previous periods.Which type of budget is this?
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Question 2
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When purchasing routine items such as common stationery supplies. how can the business need forefficiency be met?1. Including incentives and penalties in contracts2. Introducing e-procurement solutions3. Introducing competitive bidding4. Vendor Managed Inventory
Answer: C
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When purchasing routine items such as common stationery supplies. how can the business need forefficiency be met?1. Including incentives and penalties in contracts2. Introducing e-procurement solutions3. Introducing competitive bidding4. Vendor Managed Inventory
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Question 3
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A company buys components from its supplier. However, the supplier has not sent the invoice to the buyer and the buyer will not pay until next month. How will that amount of money be shown in the financial statements of the buying organization?
Answer: A
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A company buys components from its supplier. However, the supplier has not sent the invoice to the buyer and the buyer will not pay until next month. How will that amount of money be shown in the financial statements of the buying organization?
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Question 4
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When purchasing routine items such as common stationery supplies. how can the business need forefficiency be met?1. Including incentives and penalties in contracts2. Introducing e-procurement solutions3. Introducing competitive bidding4. Vendor Managed Inventory
Answer: C
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When purchasing routine items such as common stationery supplies. how can the business need forefficiency be met?1. Including incentives and penalties in contracts2. Introducing e-procurement solutions3. Introducing competitive bidding4. Vendor Managed Inventory
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Question 5
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A procurement manager is seeking to control costs for his organisation. His predecessor constantly spent moremoney than budgeted, so he has decided to start this budget from scratch and ignore the previous periods.Which type of budget is this?
Answer: A
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A procurement manager is seeking to control costs for his organisation. His predecessor constantly spent moremoney than budgeted, so he has decided to start this budget from scratch and ignore the previous periods.Which type of budget is this?