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: Jul 23, 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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As the lead procurement manager, you are asked to compile a business case for a large project. Which shouldbe included?Costs and risksList of large suppliersBusiness benefitsInformal recommendation
Answer: A
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As the lead procurement manager, you are asked to compile a business case for a large project. Which shouldbe included?Costs and risksList of large suppliersBusiness benefitsInformal recommendation
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Question 2
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To strengthen its market presence, ABC Group decided to develop a new product. A cross-functional team was formed to discuss the scope and the functions of the product. They will also survey the potential customers to see what they like, what they love, and what they dislike. What is this process called?
Answer: C
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To strengthen its market presence, ABC Group decided to develop a new product. A cross-functional team was formed to discuss the scope and the functions of the product. They will also survey the potential customers to see what they like, what they love, and what they dislike. What is this process called?
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Question 3
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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 4
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In 2016, ANA Airlines had to cancel some of its flight. The airline said it had discovered the cracks to the jet engine turbine blades. What should ANA procurement team do next to solve this problem?
Answer: B
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In 2016, ANA Airlines had to cancel some of its flight. The airline said it had discovered the cracks to the jet engine turbine blades. What should ANA procurement team do next to solve this problem?
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Question 5
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Which of the following are most likely to be considered when developing specifications based on information on the Internet? Select TWO that apply:
Answer: A,C
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Which of the following are most likely to be considered when developing specifications based on information on the Internet? Select TWO that apply: