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CIPS Defining Business Needs L4M2 Question # 10 Topic 2 Discussion

CIPS Defining Business Needs L4M2 Question # 10 Topic 2 Discussion

L4M2 Exam Topic 2 Question 10 Discussion:
Question #: 10
Topic #: 2

Which of the following is true in relation to estimating the costs associated with whole life asset management?


A.

The supplier's quoted price represents the true end final cost of purchase


B.

Every purchase represents an 'iceberg of costs of which the price it the 'tip'


C.

The supplier's quoted price includes direct costs only and therefore other costs should be estimated


D.

All quoted prices are exaggerated and therefore discounts must be demanded to save costs


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