CIPS Exam L3M1 Topic 3 Question 25 Discussion

Actual exam question for CIPS's L3M1 exam

Question #: 25
Topic #: 3

[All L3M1 Questions]

Which of the following is least risky from the buyer's viewpoint?

APayment on delivery

BPayment of 50% at time of order; with balance to be paid 90 days after delivery

CPayment in full at time of order

DPayment 60 days after delivery

Show Suggested Answer

Suggested Answer: C, D

To gain market share and to create shareholder value (increase the value of shares) are common aims of private sector organisations.

The other two answers are the antithesis of what firms usually want.

by Ona at Oct 21, 2024, 08:49 AM

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Terrilyn

8 days ago

A) Payment on delivery seems like the safest option for the buyer. You don't have to worry about getting stuck with the product if the seller doesn't deliver.

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Earlean

11 days ago

But what if the delivery is delayed or the product is not as expected? With payment on delivery, you have more control.

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Chanel

14 days ago

I disagree, I believe option C) Payment in full at time of order is the least risky.

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Earlean

14 days ago

I think option A) Payment on delivery is least risky.

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