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CIPS L4M4 Exam - Topic 1 Question 8 Discussion

Which of the following payment mechanisms is most beneficial to the buyer?
A) open/ credit account
B) term / time draft
C) sight draft
D) cash in advance

CIPS L4M4 Exam - Topic 1 Question 8 Discussion

Actual exam question for CIPS's L4M4 exam
Question #: 8
Topic #: 1
[All L4M4 Questions]

Which of the following payment mechanisms is most beneficial to the buyer?

Show Suggested Answer Hide Answer
Suggested Answer: A

Open account (aka credit account) is most beneficial to the buyer. The supplier delivers the goods then the buyer pays.

Cash in advance is most beneficial to the supplier. The buyer pays for the item before receiving it.

This is a known exam topic.


by Eden at Apr 24, 2024, 04:18 PM

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Fernanda
9 months ago
Term drafts can give buyers more time to pay, right?
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Melina
9 months ago
Not sure about that, sounds risky to me.
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Alysa
10 months ago
Wait, isn’t an open account better for buyers?
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Nelida
10 months ago
Definitely agree, but it’s not great for buyers.
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Felix
10 months ago
I think cash in advance is the safest option for the seller.
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Javier
10 months ago
Sight drafts seem to offer some protection for buyers, but I feel like I need to double-check how they compare to the other options.
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Elden
11 months ago
I’m a bit confused about term/time drafts. They seem like they could be good for buyers, but I can't recall the specifics on how they work.
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Andra
11 months ago
I remember practicing a similar question, and I think cash in advance is usually not favorable for buyers. It puts all the risk on them.
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Timothy
11 months ago
I think open/credit accounts might be beneficial since they allow for flexibility in payment. But I'm not entirely sure if they come with hidden fees.
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Ivory
11 months ago
The question is a bit tricky, but I think I'd go with the open/credit account. That seems to offer the most benefits for the buyer compared to the other options.
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Dick
11 months ago
I'm leaning towards the term/time draft. That gives the buyer a bit more flexibility than cash in advance while still providing some security for the seller.
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Nana
11 months ago
Cash in advance seems like the safest option for the buyer, but it also means they have to pay the full amount right away.
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Novella
11 months ago
Hmm, I'm not sure. The sight draft might be better since the buyer doesn't have to wait to receive the goods before paying.
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Enola
11 months ago
I think the open/credit account option would be most beneficial to the buyer since it allows them to pay over time rather than upfront.
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Yvonne
11 months ago
This looks like a straightforward question about the Splunk App for SOAR Export. I think I have a good understanding of the mapping between CEF and CIM fields, so I'll carefully review the options and select the correct one.
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Luann
11 months ago
I remember discussing how XPath injections can manipulate queries in XML data, so I think it might be an XPath injection attack.
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Julie
11 months ago
Separation of production and development pipelines seems like a good way to restrict access, but I'm not sure if that's the "BEST" option compared to the others. I'll need to weigh the pros and cons of each.
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Lang
11 months ago
This seems like a straightforward physical security question. I'm pretty confident I can identify the right solution here.
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Aleisha
11 months ago
This seems like a straightforward question about IT Service Continuity Management. I'll focus on the key sub-processes and think through which one is most likely to cover disaster response duties.
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Mirta
2 years ago
That's true, but with cash in advance, the buyer has control over the payment and avoids any risks.
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Matilda
2 years ago
I see your point, but open/credit account allows the buyer to pay later and build trust with the seller.
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Willetta
2 years ago
I disagree, I believe sight draft is better because the buyer can inspect the goods before paying.
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Mirta
2 years ago
I think cash in advance is most beneficial to the buyer.
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Lorita
2 years ago
That's true, but cash in advance provides the most protection.
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Alexia
2 years ago
Sight draft is also secure for the buyer.
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India
2 years ago
I agree, it eliminates the risk for the buyer.
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Lorita
2 years ago
Cash in advance is the most beneficial to the buyer.
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