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CIPS Updated L3M3 Exam Questions and Answers by zachariah

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CIPS L3M3 Exam Overview :

Exam Name: Contract Administration
Exam Code: L3M3 Dumps
Vendor: CIPS Certification: CIPS Level 3 Advanced Certificate in Procurement and Supply Operations
Questions: 90 Q&A's Shared By: zachariah
Question 8

A sum of money credited to a buyer by a seller in recognition of a large volume of purchases bought throughout the previous year might be called a:

Options:

A.

Retrospective rebate

B.

Vendor debit

C.

Historic refund

D.

Retrospective reward

Discussion
Ernest
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Nate Sep 15, 2024
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Ayesha
They are study materials that are designed to help students prepare for exams and certification tests. They are basically a collection of questions and answers that are likely to appear on the test.
Ayden Oct 16, 2024
That sounds interesting. Why are they useful? Planning this week, hopefully help me. Can you give me PDF if you have ?
Inaaya
Are these Dumps worth buying?
Fraser Oct 9, 2024
Yes, of course, they are necessary to pass the exam. They give you an insight into the types of questions that could come up and help you prepare effectively.
Pippa
I was so happy to see that almost all the questions on the exam were exactly what I found in their Dumps.
Anastasia Sep 21, 2024
You are right…It was amazing! The Cramkey Dumps were so comprehensive and well-organized, it made studying for the exam a breeze.
Question 9

A contract clause indicating damages to be recovered in the event of under-performance, with the proposed damages being a genuine pre-estimate of loss, is called a:

Options:

A.

Punitive damages clause

B.

Liquidated damages clause

C.

Penalty clause

D.

Unliquidated damages clause

Discussion
Question 10

Which one of the following could not be classed as a form of performance specification?

Options:

A.

Functional

B.

Outcome-focused

C.

Output-based

D.

Input-driven

Discussion
Question 11

Win-win negotiation is not commonly described as a (choose the most appropriate):

Options:

A.

zero sun game

B.

someone game

C.

win some gain

D.

zero sum game

Discussion
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