STUDY CIPS L4M3 DEMO | EXAM L4M3 QUESTIONS PDF

Study CIPS L4M3 Demo | Exam L4M3 Questions Pdf

Study CIPS L4M3 Demo | Exam L4M3 Questions Pdf

Blog Article

Tags: Study L4M3 Demo, Exam L4M3 Questions Pdf, Answers L4M3 Free, L4M3 Labs, New L4M3 Test Guide

BTW, DOWNLOAD part of 2Pass4sure L4M3 dumps from Cloud Storage: https://drive.google.com/open?id=1xKz36dw0EplsggLfkSXuHMErNLS05Lzq

If you care about your certification L4M3 exams, our L4M3 test prep materials will be your best select. We provide free demo of our L4M3 training materials for your downloading before purchasing complete our products. Demo questions are the part of the complete L4M3 test prep and you can see our high quality from that. After payment you can receive our complete L4M3 Exam Guide soon in about 5 to 10 minutes. And we offer you free updates for L4M3 learning guide for one year. Stop to hesitate, just go and choose our L4M3 exam questions!

To be eligible for the CIPS L4M3 Certification Exam, individuals must have completed the CIPS L4M1 (CIPS Contexts of Procurement and Supply) and CIPS L4M2 (CIPS Business Needs in Procurement and Supply) certifications. They must also have at least three years of experience in a procurement or supply chain management role.

CIPS L4M3 Exam is a comprehensive exam that tests the candidate's understanding of the commercial contracting process. L4M3 exam is divided into three sections: Part A, Part B, and Part C. Part A covers the basics of contract formation, including the different types of contracts, the essential elements of a contract, and the legal requirements for a contract to be valid. Part B focuses on contract negotiation and covers topics such as the negotiation process, tactics and strategies, and the importance of effective communication. Part C covers contract management, including the monitoring and control of contracts, dispute resolution, and the importance of maintaining good relationships with suppliers.

>> Study CIPS L4M3 Demo <<

Get High-quality Study L4M3 Demo and High Pass-Rate Exam L4M3 Questions Pdf

One more thing to give you an idea about the top features of CIPS Commercial Contracting (L4M3) exam questions before purchasing, the 2Pass4sure are offering free CIPS L4M3 Exam Questions demo download facility. This facility is being offered in all three CIPS L4M3 exam practice question formats.

CIPS L4M3 (CIPS Commercial Contracting) Certification Exam is a globally recognized certification program designed for procurement and supply chain professionals who specialize in commercial contracting. The program is offered by the Chartered Institute of Procurement and Supply (CIPS), an international organization that sets the standards for professional procurement and supply chain management.

CIPS Commercial Contracting Sample Questions (Q133-Q138):

NEW QUESTION # 133
If a false statement of material fact is made by one of the contracting parties, the misled party will have remedies for:

  • A. Recission
  • B. Damages
  • C. Misrepresentation
  • D. Indemnity

Answer: C

Explanation:
A false statement that induces a party to enter a contract constitutes misrepresentation. This provides the misled party with remedies that may include rescission (cancellation of the contract) and, depending on the type of misrepresentation (fraudulent, negligent), possibly damages as well.
Reference:CIPS L4M3 Commercial Contracting Study Guide, Chapter 1, Section 1.3.1 - Misrepresentation and legal remedies.


NEW QUESTION # 134
Nestle gave away records of "Rockin' Shoes" or a voucher to people who sent in three wrappers from Nestle' s 6d. milk chocolate bars as well as 1s 6d. Which of the following were the consideration of Nestle's customer? Select TWO that apply

  • A. Three wrappers
  • B. "Rockin' Shoes" record
  • C. The voucher
  • D. 1s 6d
  • E. Milk chocolate bar

Answer: A,D

Explanation:
Consideration is one thing given in exchange for another.
In this case, considerations of customers are three wrappers and 1s6d. Consideration of Nestle is Rockin' Shoes record or a voucher.
Reference: CIPS study guide page 36-40
LO 1, AC 1.2


NEW QUESTION # 135
Which of the following regulates barriers to the provision of services between countries?

  • A. GATS
  • B. Incoterms
  • C. ADA
  • D. CISG

Answer: A

Explanation:
- The General Agreement on Trade in Services (GATS) is a treaty of the World Trade Organization (WTO) that entered into force in January 1995 as a result of the Uruguay Round negotiations. The treaty was created to extend the multilateral trading system to service sector, in the same way the General Agreement on Tariffs and Trade (GATT) provides such a system for merchandise trade.
- CISG is the Vienna Convention on Contracts for the International Sale of Goods. This is a voluntary treaty under United Nations Commission on International Trade Law (UNCITRAL). The purpose of the Vienna Convention is to set out a framework for international transactions based on a uniform approach. It establishes substantive rules that regulate the duties and obligations of both parties, including the delivery of goods, contract formation, and remedies for breach of contract.
- The Incoterms or International Commercial Terms are a series of pre-defined commercial terms published by the International Chamber of Commerce (ICC) relating to international commercial law. They are widely used in international commercial transactions or procurement processes and their use is encouraged by trade councils, courts and international lawyers. A series of three-letter trade terms related to common contractual sales practices, the Incoterms rules are intended primarily to clearly communicate the tasks, costs, and risks associated with the global or international transportation and delivery of goods. Incoterms inform sales contracts defining respective obligations, costs, and risks involved in the delivery of goods from the seller to the buyer, but they do not themselves conclude a contract, determine the price payable, currency or credit terms, govern contract law or define where title to goods transfers.
- ADA is Anti-Dumping Agreement (Implementation of Article VI of the GATT).
LO 1, AC 1.3


NEW QUESTION # 136
Which of the following sections would typically be included in a specification for services? Select THREE that apply.

  • A. The tender evaluation methodology
  • B. The service start and end dates
  • C. The terms and conditions of the contract
  • D. The fault rectification timeframes
  • E. Questions relating to methods
  • F. A description of the service requirements

Answer: B,D,F

Explanation:
A well-drafted service specification includes a clear description of the services to be delivered, fault rectification timelines, and the duration of service. These define scope, performance expectations, and timelines. Evaluation methodology and contract terms are important, but they are part of separate procurement or contractual documentation.
Reference:CIPS L4M3 Commercial Contracting Study Guide, Chapter 2, Section 2.1.3 - Components of service specifications.


NEW QUESTION # 137
Which of the following would be suitable key performance indicators (KPIs) for supplier performance?
Ensure you have customer loyalty
Value or percentage of cost reductions obtained
Win an award in the next 12 months
Percentage of on-time in full deliveries

  • A. 2 and 3 only
  • B. 1 and 4 only
  • C. 2 and 4 only
  • D. 1 and 3 only

Answer: C

Explanation:
"Cost reductions" and "on-time in full deliveries" are quantifiable, objective performance measures that align directly with supplier effectiveness and value. "Customer loyalty" and "awards" are subjective or aspirational and not reliable indicators of contract or supplier performance.
Reference:CIPS L4M3 Commercial Contracting Study Guide, Chapter 4, Section 4.3.1 - Development and useof KPIs in contract management.


NEW QUESTION # 138
......

Exam L4M3 Questions Pdf: https://www.2pass4sure.com/CIPS-Certifications/L4M3-actual-exam-braindumps.html

BONUS!!! Download part of 2Pass4sure L4M3 dumps for free: https://drive.google.com/open?id=1xKz36dw0EplsggLfkSXuHMErNLS05Lzq

Report this page