CIPS Contract Administration - L3M3 Exam Practice Test
Which of the following is least likely to lend itself to whole life cost calculations?
Correct Answer: A
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A bottle of sparkling water sells for $1. The variable cost is 50 cents. Fixed costs for the business are $100,000 (one hundred thousand dollars). How many bottles of water must be sold for the business to reach breakeven point?
Correct Answer: A
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A situation where suggestions made, often by a bidder, unnecessarily widen the scope of the requirement.
Correct Answer: C
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If your organisation takes out insurance cover to address various risks, which one of the following risk management strategies is it adopting?
Correct Answer: A
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Which of the following would be unethical? Choose two.
Correct Answer: A,D
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Revenue-earning possibilities which are foregone as a result of implementing a plan; the cost of not doing something else.
Correct Answer: C
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Conducting individual and group-based (focus groups) in-depth interviews.
Is this quantitative or qualitative data gathering?
Is this quantitative or qualitative data gathering?
Correct Answer: B
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The UN Guiding Principles on Business and Human Rights (UNGP) - which recognise that business enterprises must respect human rights - were adopted in which year?
Correct Answer: B
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Which of the following would not normally be part of data required by the buying organisation's contract manager?
Correct Answer: B
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Intangibility means:
Correct Answer: B
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