CIPS L3M3 Contract Administration Online Training
CIPS L3M3 Online Training
The questions for L3M3 were last updated at Nov 19,2024.
- Exam Code: L3M3
- Exam Name: Contract Administration
- Certification Provider: CIPS
- Latest update: Nov 19,2024
Transfer of the rights and obligations of a contract onto a third party, is called:
- A . Assignment
- B . Association
- C . Acceptance
- D . Assignation
Which of the following are internal factors in supplier decision-making? Choose two.
- A . Extent of competition in the marketplace
- B . Cost of production
- C . Shareholder and managerial expectations of profit
- D . Customer perceptions of value
Which of the following would not normally be part of data required by the buying organisation’s contract manager?
- A . Other customer data
- B . Technical data
- C . Financial data
- D . Performance data
A justification of an action (expenditure) that is to be taken by an organisation.
- A . Project management
- B . Competitive tender
- C . Business case
- D . Cost analysis
Looking specifically at how a quoted price compares to the cost of production is called:
- A . Factor analysis
- B . Price analysis
- C . Psycho analysis
- D . Cost analysis
If your organisation takes out insurance cover to address various risks, which one of the following risk management strategies is it adopting?
- A . Treat
- B . Terminate
- C . Tolerate
- D . Transfer
Which one of the following is not an ‘E’ from STEEPLE?
- A . Economic
- B . Ethical
- C . Environmental
- D . Epistemological
Which one of the following could not be classed as a form of performance specification?
- A . Functional
- B . Outcome-focused
- C . Output-based
- D . Input-driven
In which quadrant of a SWOT analysis would ‘well-developed management skills, unique intellectual property rights and sound financial backing’ appear?
- A . T
- B . W
- C . S
- D . O
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