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, 09:49 AM

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Layla

3 months ago

I'd rather not risk getting a dud product. I'm going with A) Payment on delivery - no money down, no worries!

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Vernice

3 months ago

B) Payment of 50% at time of order; with balance to be paid 90 days after delivery is a good compromise. You don't have to front the full cost, but the seller still has some skin in the game.

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Olga

3 months ago

D) Payment 60 days after delivery is the way to go. That gives you time to inspect the product and make sure it's what you ordered before you pay.

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Ardella

3 months ago

I think I'd go with C) Payment in full at time of order. That way, you can be sure the seller has your money and will be motivated to fulfill the order.

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Vernice

2 months ago

D) Payment 60 days after delivery could be risky if the seller doesn't deliver as promised.

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Marylyn

2 months ago

I would go with A) Payment on delivery to minimize the risk of not receiving the product.

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Stefanie

3 months ago

I think B) Payment of 50% at time of order; with balance to be paid 90 days after delivery is a good compromise.

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Brittney

3 months ago

I agree, C) Payment in full at time of order seems like the safest option.

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Terrilyn

5 months 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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