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CIPS Exam L3M2 Topic 1 Question 29 Discussion

Actual exam question for CIPS's L3M2 exam
Question #: 29
Topic #: 1
[All L3M2 Questions]

Which two of the following would be unlikely to increase value for money for an organisation?

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Suggested Answer: B

The statement is false.

CIPS actively campaigns against modern slavery anywhere in the world.


by Maira at Jan 27, 2025, 06:41 PM

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Johanna
2 months ago
Attending social events at supplier's expense? That's like getting a free lunch, but the catch is you have to listen to the supplier's sales pitch for an hour.
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Roy
13 days ago
True, attending social events at supplier's expense may not increase value for money.
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Sherell
14 days ago
D) Accepting a late bid in a tender process
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Kanisha
1 months ago
C) Standardisation of components
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Marge
1 months ago
B) Use of value analysis or value engineering
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Madalyn
1 months ago
A) Attending social events at supplier's expense
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Dion
2 months ago
Use of value analysis or value engineering? That's like trying to squeeze blood from a stone - it's the key to unlocking value!
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Hollis
2 months ago
Accepting a late bid in a tender process? That's like showing up to a race after the finish line has been crossed.
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Roxanne
1 months ago
User 2
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Audry
1 months ago
User 1
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Kelvin
2 months ago
Standardisation of components is a no-brainer for increasing value for money. Variety is the spice of life, but not in procurement.
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Mozell
2 months ago
Attending social events at supplier's expense? Seriously? That's like using the company credit card to buy a round of drinks for the whole office!
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Rosendo
2 months ago
Standardisation of components is also important for increasing value for money. Accepting a late bid in a tender process would definitely not help.
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Andra
2 months ago
I agree with Mammie. Using value analysis or value engineering would be a better option to increase value for money.
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Mammie
2 months ago
I think attending social events at supplier's expense would not increase value for money.
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