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Pass the CIPS CIPS Level 5 Advanced Diploma in Procurement and Supply L5M8 Questions and answers with CertsForce

Viewing page 2 out of 3 pages
Viewing questions 11-20 out of questions
Questions # 11:

TheTriple Bottom Lineis commonly known as what?

Options:

A.

project, people, place


B.

people, planet, profit


C.

place, profit, people


D.

project, people, planet


Expert Solution
Questions # 12:

The influence of the supply chain network can enable an organisation to benefit from increasedabsorptive capacity. What is meant by 'absorptive capacity'?

Options:

A.

agility within the organisation to respond quickly to change


B.

the capability to deal with fluctuations in prices


C.

the capacity to work with a larger volume of supply network partners


D.

the ability to apply new information and add value to the organisation


Expert Solution
Questions # 13:

Michael is the head of the Steering Committee at ABC Consultancy and must allocate resources to several projects. One project is suffering delays due to lack of staff. Should Michael reallocate resources to this project?

Options:

A.

yes – resources should always be allocated depending on timescales


B.

yes – all resources should be diverted to this project until it is complete


C.

no – this may increase competition and animosity between project teams


D.

no – delays are always unavoidable in project management


Expert Solution
Questions # 14:

Derek is a Project Manager at Dandelion Ltd and is beginning the project initiation phase of a new project looking into the creation of a new product line. He is creating a business case for senior leadership. Should Derek include within this risks and concerns he has about the potential failure of the project?

Options:

A.

yes – it is important that senior management are aware of the risks and a contingency plan is included


B.

yes – all projects have financial risks associated with them and senior management must be aware of this


C.

no – the project initiation should focus on the value-add objectives of the project


D.

no – the project initiation focuses on the “why” of the project and should present a business case for completing the project


Expert Solution
Questions # 15:

Dependencies are the relation between tasks and dictate the order in which tasks are approached. Claudia is running a tender under the Public Contracts Regulations 2015, and there is a 10-day standstill period before she can draft the contract. What type of dependency is this?

Options:

A.

mandatory dependency


B.

external dependency


C.

discretionary dependency


D.

internal dependency


Expert Solution
Questions # 16:

Managing an organisation through anEntropy eventrequires a different type of leadership capability including creativity. Which of the following is an example of anentropy eventwithin the external environment?

Options:

A.

large-scale restructure leading to 100s of redundancies


B.

a force majeure event


C.

an increase in taxes


D.

an important project deadline is missed


Expert Solution
Questions # 17:

In a project, when is thetension between cost, quality, and timemost prevalent?

Options:

A.

at the beginning of the project


B.

in the event of an unforeseen change


C.

at the end of the project when reviewing the objectives


D.

when the Steering Committee is set up


Expert Solution
Questions # 18:

Three companies have joined together to create anew legal entityto explore a new opportunity outside of their core businesses. What is the name given to this type of arrangement?

Options:

A.

joint venture


B.

partnership


C.

consortium


D.

collaboration


Expert Solution
Questions # 19:

Subcontractors are primary members of the supply chain and have an impact on value-adding activities of a project. Is this sentence TRUE?

Options:

A.

yes – subcontractors can fulfil a need for a complex skill


B.

yes – subcontractors are always used on large, complex projects


C.

no – subcontractors are not primary members of the supply chain


D.

no – subcontractors do not have an impact on value-adding activities


Expert Solution
Questions # 20:

A florist is introducing a new electronic ordering system that will reduce staff numbers. The Managing Director is anticipating staff reactions. Which of the following stages of theChange Cyclewill staff likely experience first?Select TWO

Options:

A.

acceptance


B.

discovery


C.

loss


D.

discomfort


E.

doubt


Expert Solution
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