Cips examstrust cips L4m7 Online Access by Franco q81 vce pdf

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CIPS L4M7 Exam Overview :

Exam Name:	Whole Life Asset Management
Exam Code:	L4M7 Dumps
Vendor:	CIPS	Certification:	CIPS Level 4 Diploma in Procurement and Supply
Questions:	255 Q&A's	Shared By:	franco

Question 56

A procurement manager has agreed a contract for the acquisition of a piece of capital equipment and has negotiated a staged payment contract of 30% with order, 30% on delivery, and the remaining 40% on acceptance testing. Was this the right thing to do?

Options:

No, as it commits the organisation to purchasing the equipment and the supplier to deliver it

Yes, as the payments can be linked directly to a specific performance milestone of the contract

Yes, as it means the contract warranties are easier to change

No, as it is an unfair contract term and places the supplier at a disadvantage in the contract

Discussion

Question 57

An organisation needs to determine whether to lease a piece of equipment or purchase it outright. From the following statements, which ones describe the advantages for a procurement organisation to lease rather than to purchase outright?

Capital allowances may be set against tax, and grants may be available

There is no initial investment which would tie up the organisation's working capital

It would protect against technological obsolescence as equipment can be replaced as required

The total cost may be higher than purchasing the equipment outright

Options:

3 and 4 only

1 and 2 only

2 and 5 only

2 and 4 only

Discussion

Question 58

When designing the layout of a warehouse or stores area, one of the factors to consider is the width of the aisles between the racking. Which of the following is a main consideration when calculating the aisle width?

Options:

Turning circle of the forklift truck and the size of the pallet being carried

Dimensional depth and height of pallet racks

Overall height of the driver's cage of the forklift truck

Dimensional length and depth of the items on a pallet

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