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CIPS Exam L4M3 Topic 3 Question 29 Discussion

Actual exam question for CIPS's L4M3 exam

Question #: 29
Topic #: 3

[All L4M3 Questions]

In which of the following conditions, request for quotation produces the best results?

AWith an ambiguous specification

BUnder framework agreements

CUnder a complex process

DWith strategic items

Show Suggested Answer

Suggested Answer: D

When parties do not negotiate face-to-face, a key Question: becomes when

things like acceptances, rejections and revocations take effect. The general rule is that acceptances are effective on dispatch (when they are mailed). Everything else becomes effective when the offeror actually receives them. This idea is codified by the ''mailbox rule'' which states that acceptance is effective on dispatch, even before the offeror has received it. (The one minor exception to this rule involves option contracts for which acceptances are not effective until they are received by the offeror.)

- The Mailbox Rule

- CIPS study guide page 34

by Mollie at Mar 09, 2024, 02:13 AM

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Kenny

1 months ago

I'm going to have to disagree with A. Ambiguous specs? That's just asking for trouble. You might as well roll the dice and hope for the best.

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Kristian

1 months ago

I'm going with B - under framework agreements. Keeps things simple and efficient, which is what you want in a procurement process.

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Dorthy

7 days ago

I think D - with strategic items, could also produce good results as it focuses on important purchases.

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Maurine

11 days ago

I agree, framework agreements definitely help streamline the procurement process.

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Kattie

1 months ago

Strategic items, definitely. You want to make sure you're getting the best deal on the really important stuff, not just the random bits and bobs.

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Larae

1 months ago

Framework agreements seem like the way to go here. Less bureaucracy and more streamlined than a complex process, am I right?

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Delsie

2 days ago

D) With strategic items

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Dana

6 days ago

B) Under framework agreements

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Cherry

12 days ago

A) With an ambiguous specification

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Eugene

2 months ago

I'm pretty sure the best results come from a clear and detailed specification, not an ambiguous one. But I guess some people like a challenge!

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Salena

1 months ago

I think some people prefer the challenge of working with an ambiguous specification.

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Salena

1 months ago

I agree, a clear specification is definitely key for getting the best results.

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Marion

2 months ago

I believe request for quotation works best with strategic items, as it allows for competitive pricing and quality comparison.

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Matthew

2 months ago

I agree with Merlyn. Framework agreements provide a structured approach for procurement.

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Merlyn

2 months ago

I think request for quotation produces the best results under framework agreements.

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