[Jul-2024 Newly Released] L3M4 Dumps for CIPS Level 3 Advanced Certificate in Procurement and Supply Operations Certified
Updated Verified L3M4 dumps Q&As - 100% Pass
NEW QUESTION # 52
'I have my doubts about that'.
- A. A fellow traveller
- B. A cynic
- C. A realist
- D. 'I'm not so sure'.
- E. A skeptic
Answer: E
Explanation:
The answer is someone who is skeptical - they're not completely cynical, but they're not too sure.
Also spelt: 'sceptic'.
NEW QUESTION # 53
'A team has a common XXXX and YYYY'.
Select the one which fits best.
- A. Captain and uniform
- B. Employer and hobbies
- C. Language and culture
- D. Purpose and goals
Answer: D
Explanation:
Purpose and goals - the description is part of the definition of a team.
Language and culture might immediately appeal, but is not the correct answer. Teams might com-monly have the same employer. Captain and uniform is a mild attempt at humour - teams don't need a uniform, although some do eg airline crews and footballers.
NEW QUESTION # 54
A publication which sets out how the buying organisation wishes to trade with suppliers, including, for example, standard terms and conditions of business, packaging and transportation requirements, as well as, for example, delivery requirements. This is called a:
- A. Procurement manual
- B. Warehouse manual
- C. Supplier manual
- D. Purchasing manual
Answer: C
Explanation:
The supplier manual will advise suppliers how they should interact with the buying organisation.
A procurement manual will tell people inside the organisation what they need to do to be buying effectively - a buyer's rulebook, effectively. Similarly for a purchasing manual, and fairly obviously, a warehouse manual will provide guidance on how things should be done inside a warehouse.
NEW QUESTION # 55
Where an organisational internal customer / user deliberately circumvents the procurement function, and buys from an external supplier without following due procedure. This is commonly called:
- A. Maverick spend
- B. Compliant spend
- C. Iceman spend
- D. Tail spend
Answer: A
Explanation:
Maverick spend is outside of organisational procedure, and can undermine the benefits of profes-sional procurement.
Maverick spend should be actively discouraged.
NEW QUESTION # 56
It is said that society is undergoing the 'fourth industrial revolution'. Which description most close-ly defines this idea?
- A. The use of outsourcing, low-cost labour, offshoring and modern slavery
- B. The bringing together of various technologies, such as artificial intelligence, efficient en-ergy storage, 3D printing, quantum computing, etc
- C. The use of electric power to create mass production
- D. The development of equalities thinking, respect for others, reduced working hours, working from home, discussion of a universal basic income
Answer: B
Explanation:
The bringing together of various technologies, such as artificial intelligence, efficient energy storage, 3D printing, quantum computing, etc.
The correct answer shown defines nicely the characteristics of the radical changes being brought about during the fourth industrial revolution.
The other answers may, to a greater or lesser extent, be changes in modern society, but they do not represent Industry 4.0
NEW QUESTION # 57
'All procurement requirements valued at more than $100,000 must be competitively tendered, and any contracts arising therefrom must be signed by the Procurement Director'. This is an example of a:
- A. Standard contract term
- B. Procurement threshold
- C. Statute
- D. Minimum order quantity
Answer: B
Explanation:
This is an example of a procurement threshold.
Below the threshold, one set of actions; above the threshold, another set of actions.
As an aside, one relatively common and undesirable practice is to 'disaggregate' a requirement - break a requirement down into smaller units, to avoid having to conform with the rule. Such behav-iour, can be, in some situations, be unlawful, and can bring an organisation and possibly the individ-uals concerned into disrepute.
I hope you can see why it is none of the other answer options available.
NEW QUESTION # 58
Giving employees the right to make modest decisions in an independent and self-directing way, on behalf of the organisation. Trusting employees to do the right thing, for example, when faced with a customer complaint.
- A. Endorsement
- B. Entitlement
- C. Endowment
- D. Empowerment
Answer: D
Explanation:
Empowerment enables some decision-making to be at the 'lowest level' of the organisation, often creating enhanced levels of customer and job satisfaction. Empowerment can sometimes include small-scale authority to commit modest funds. Empowerment can enable staff to 'own' a problem.
The other terms shown are not relevant.
NEW QUESTION # 59
Thinking about the PESTEL model, under which category would climate change most suitably fall?
- A. Socio-cultural
- B. Economic
- C. Environmental
- D. Legal
Answer: C
Explanation:
Environmental - a rather straightforward question and answer.
NEW QUESTION # 60
A xxxx team is a group of individuals brought together into a single team from different areas of the organisation.
Select one which best replaces xxxx.
- A. Cross-organisational
- B. Cross-stitch
- C. Cross-functional
- D. Cross-training
Answer: C
Explanation:
The answer is 'cross-functional'.
The term 'cross-functional' is used in your learning objectives and assessment criteria. You may wish to be clear as to what a cross-functional team is, and what its benefits are.
'Cross-organisational' would mean across separate organisations, which is not what the question is asking about.
NEW QUESTION # 61
Which of the following is a benefit from compliance with procurement processes and procedures? Select all that apply.
- A. Minimising the likelihood of damage to the organisation's reputation
- B. Reducing error
- C. Avoiding unnecessary costs
- D. Reducing the opportunity for fraud / crime
Answer: A,B,C,D
Explanation:
All of these options apply.
NEW QUESTION # 62
Thinking about the PESTEL model, under which heading would ageing society most readily fall?
- A. Socio-cultural
- B. Technological
- C. Legal
- D. Environmental
Answer: A
Explanation:
Socio-cultural, with the subset being demographic (or indeed for some writers, demographic would form a heading in itself, so STEEPLED)
NEW QUESTION # 63
Which two of the following are 'soft' factors, within the framework of the 'McKinsey 7S' model?
- A. Strategy
- B. Style
- C. Systems
- D. Shared values
Answer: B,D
Explanation:
Shared values and style.
The other two shown being 'hard' ie more tangible factors.
Nobody said these tests were meant to be easy...
NEW QUESTION # 64
Where there is transformational change coupled with a rapid rate of change ('big bang'), is this:
- A. Adaptation
- B. Evolution
- C. Revolution
- D. Reconstruction
Answer: C
Explanation:
This a description of Revolution.
The other answers shown may be the subject of other questions in this test.
NEW QUESTION # 65
'XXX theories of leadership are now largely discredited as a means of identifying team leaders'.
This quotation comes from the Profex Publishing textbook for this subject. Which word has XXX replaced?
- A. Tray
- B. Trait
- C. Tres
- D. Tait
Answer: B
Explanation:
Trait.
The trait theory of leadership is the idea that successful leaders have particular personal traits (char-acteristics) which have enabled them to become effective leaders. 'A born leader', etc. Winston Churchill, V I Lenin, Laurens van der Post, and such like.
The view now is that leadership is more likely to be taught or trained, resulting in effective leaders.
NEW QUESTION # 66
Thinking of Tannenbaum and Schmidt's work, which of the following terms describes a leader @who is not a dictator, but nonetheless makes the decisions. The team depends heavily on the lead-er, and what the leader says'.
- A. Democratic
- B. Autocratic
- C. Laissez-faire
- D. Dictatorial
Answer: B
Explanation:
The question gives us the clue that the answer is not dictatorial.
Both democratic and laissez-faire are less dogmatic than is suggested in the question.
You will probably want to be fairly clear on Tannenbaum and Schmidt's ideas for your assessment, I should think.
NEW QUESTION # 67
'The power of an individual to persuade others may come from perceived attractiveness and right to be given respect' Which of French and Raven's categorisations applies here?
- A. Coercive
- B. Legitimate
- C. Referent
- D. Reward
Answer: C
Explanation:
The answer is 'referent power'.
An example might be a long-standing employee who 'knows the ropes' and helps others. Or it may be a famous person whose fame gives them power.
In some sources this may be known as 'charisma power'.
For me a great example of this form of power is Bill Clinton, who combined his allegedly substan-tial charisma, along with legitimate power and informational power. Presumably as US President, he also had access to coercive power as well as reward power. A powerful guy in a powerful position. People who have dealt with him long after he ceased to be the President say that his referent / cha-risma power lives on, hugely.
NEW QUESTION # 68
'A person may exert power on the basis of their formal authority or status' Which of the French and Raven sources of power is being described here?
- A. Expert
- B. Legitimate
- C. Referent
- D. Reward
Answer: B
Explanation:
The Chief Executive has power because they are in the post of the Chief Executive.
The Head of Procurement has power because they carry that job title.
They may also have other sources of power such as expert power, or charisma, but the correct re-sponse to the question is 'legitimate'.
'Coercive' and 'informational' can also be sources of power not shown in the question.
NEW QUESTION # 69
Which of the following departments would be both internal customers and internal suppliers of an organisational procurement function? Select all that apply.
- A. Legal department
- B. Information and communications technology
- C. Human resources
- D. Accounting and finance
Answer: A,B,C,D
Explanation:
All options apply.
All of the named departments will both take and provide services from / to the procurement func-tion.
NEW QUESTION # 70
Thinking about PEST, etc: under which heading would exchange rates and inflation fit?
- A. Economic
- B. Political
- C. Technological
- D. Social
Answer: A
Explanation:
Economic.
Although there may be some political input which may have an effect on exchange rates and infla-tion, the primary heading is obviously 'economic'.
NEW QUESTION # 71
Which two of the following are not personality traits?
- A. Ability to use Microsoft Excel
- B. Determination
- C. Never been in trouble with the police
- D. Conscientiousness
Answer: A,C
Explanation:
Conscientiousness and determination are clearly aspects of personality related to the individual.
Never having been in trouble with the police may be linked to a personality type, but it cannot be described as a personality trait.
All four options may be regarded as desirable by many potential employers.
NEW QUESTION # 72
Thinking of the cultural web (Johnson and Scholes), which of the following refers to the idea that past events will be recurringly discussed and kept alive by current employees telling newcomers, reinforcing certain aspects of culture?
- A. Rituals
- B. Stories
- C. Power structures
- D. Organisational structures
Answer: C
Explanation:
An easy one. 'telling' in the question surely gives the game away.
Stories are increasingly seen as being powerful within organisations, with many Chief Executives now receiving coaching on story-telling.
NEW QUESTION # 73
Within the overall philosophy of just-in-time production, a signalling system to indicate when the next stage of the production process needs output from the previous stage, is called:
- A. Heijunka
- B. Kanban
- C. Lankan
- D. Kaizen
Answer: B
Explanation:
A kanban system pulls product through the production process from the previous stage.
Kaizen means continuous improvement; heijunka is related to production scheduling and levelling; Lankan is a place in Sri Lanka, and elsewhere - it is unrelated to this course.
Kaizen, kanban and heijunka can be related to the notion of the implementation of change and im-provement.
NEW QUESTION # 74
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