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L4M5 dumps questions answers

L4M5 Exam Questions

Exam Code:
L4M5
Exam Name:
Commercial Negotiation
Last Update: Dec 2, 2021
162 Questions
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L4M5 Exam Questions

CIPS L4M5 Exam

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Commercial Negotiation Questions and Answers

Questions 1

Procurement team is required to improve leverage with their suppliers through spend consolidation. To check whether there is any opportunity to consolidate spend, which of the following should be priority of procurement team?

Options:

A.

Spend analysis

B.

Value engineering

C.

Price analysis

D.

Total cost analysis

Questions 2

Which of the following is a disadvantage of absorption costing method?

Options:

A.

Fixedcost allocated to products on the basis of the cost of activities used in producing them

B.

Variable costs are not taken into product final costs

C.

Using marginal cost of producing addition units

D.

Limited understanding of true costs incurred

Questions 3

Which of the following are examples of connected stakeholders in a private organisation? Select TWO that apply.

Options:

A.

Customers

B.

Local community

C.

Media

D.

Government

E.

Shareholders

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