New Year Sale 2026! Hurry Up, Grab the Special Discount - Save 25% - Ends In 00:00:00 Coupon code: SAVE25
Welcome to Pass4Success

- Free Preparation Discussions
Mail Us support@pass4success.com
Location US
Mob_nav_barsMENU

CIPS L3M2 Exam - 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?

Show Suggested Answer Hide Answer
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

Limited Time Offer

25%

Off

Get Premium L3M2 Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

0/2000 characters
Submit Cancel
Junita
3 months ago
Not sure about A, sounds a bit sketchy to me.
upvoted 0 times
...
Galen
3 months ago
B and C are definitely the way to go!
upvoted 0 times
...
Cecily
3 months ago
Wait, how does attending social events help at all?
upvoted 0 times
...
Helene
4 months ago
Totally agree, especially with D!
upvoted 0 times
...
Francoise
4 months ago
A and D seem like the least likely to add value.
upvoted 0 times
...
Vi
4 months ago
Standardisation of components usually leads to cost savings, so I doubt that would be the answer either. I feel like the social events and late bids are more likely to be the culprits here.
upvoted 0 times
...
Peggie
4 months ago
I'm a bit confused about accepting a late bid. It seems like it could lead to better options, but I guess it might not always be the case?
upvoted 0 times
...
Fannie
4 months ago
I remember a practice question where we discussed value analysis and how it typically helps in improving value for money, so I think that one is definitely not the answer.
upvoted 0 times
...
Chi
5 months ago
I think attending social events at the supplier's expense might not really add value for money, but I'm not completely sure.
upvoted 0 times
...
Jina
5 months ago
Attending social events and accepting a late bid - those are the two that stand out to me as unlikely to increase value. I'll go with those.
upvoted 0 times
...
Rosendo
5 months ago
Value analysis and standardization are good ways to improve value, but I'm not sure about the other two options. I'll have to re-read the question and choices to decide.
upvoted 0 times
...
Skye
5 months ago
Attending social events at the supplier's expense and accepting a late bid in a tender process - those seem like the two least likely to increase value for money. I'll mark those.
upvoted 0 times
...
Kimbery
5 months ago
Hmm, I'm a bit unsure about this one. I'll need to think through each option carefully to determine which two are unlikely to increase value.
upvoted 0 times
...
Fabiola
5 months ago
This question seems straightforward, I'm pretty confident I can identify the two unlikely options to increase value for money.
upvoted 0 times
...
Johanna
10 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.
upvoted 0 times
Roy
9 months ago
True, attending social events at supplier's expense may not increase value for money.
upvoted 0 times
...
Sherell
9 months ago
D) Accepting a late bid in a tender process
upvoted 0 times
...
Kanisha
10 months ago
C) Standardisation of components
upvoted 0 times
...
Marge
10 months ago
B) Use of value analysis or value engineering
upvoted 0 times
...
Madalyn
10 months ago
A) Attending social events at supplier's expense
upvoted 0 times
...
...
Dion
10 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!
upvoted 0 times
...
Hollis
10 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.
upvoted 0 times
Roxanne
10 months ago
User 2
upvoted 0 times
...
Audry
10 months ago
User 1
upvoted 0 times
...
...
Kelvin
10 months ago
Standardisation of components is a no-brainer for increasing value for money. Variety is the spice of life, but not in procurement.
upvoted 0 times
...
Mozell
11 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!
upvoted 0 times
...
Rosendo
11 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.
upvoted 0 times
...
Andra
11 months ago
I agree with Mammie. Using value analysis or value engineering would be a better option to increase value for money.
upvoted 0 times
...
Mammie
11 months ago
I think attending social events at supplier's expense would not increase value for money.
upvoted 0 times
...

Save Cancel