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L3M3 - Contract Administration

CIPS L3M3 Last Week Results!

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CIPS L3M3

93%

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Exam At Testing Centre

93%

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90

Total Questions
CIPS L3M3 Questions Answers

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L3M3 Questions and Answers

Question # 1

Goods or services which must be used together are called:

A.

Compliments

B.

Condiments

C.

Complements

D.

Substitutes

Question # 2

When both buyer and seller share cost information with each other (in both directions), in order to collaborate in cost reduction activities.

A.

Open book costing

B.

Co-destiny

C.

Cost analysis

D.

Cost transparency

Question # 3

Contracts published by third party experts such as trade associations or professional bodies, widely regarded as favouring neither buyer nor seller, are called:

A.

Uni form

B.

Model form

C.

Paper form

D.

Trans form

E.

Good form

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