CIPS L4M6 Exam - Topic 3 Question 44 Discussion

Actual exam question for CIPS's L4M6 exam

Question #: 44
Topic #: 3

[All L4M6 Questions]

Under what circumstances should a competitive tender not be completed? Select TWO.

AWhen the items are of high value

BWhen the items are of low value

CWhen there is a clear specifications

DWhen there is not a clear specification

Show Suggested Answer

Suggested Answer: B

The correct answer is 'Conduct regular audits'. This is explained on p.153. You wouldn't do an appraisal on a supplier in a partnership relationship as both parties are equal. Threatening a partner isn't good for the relationship and a damages clause would be used in a contractual relationship rather than a partnership.

by Leanora at Jul 07, 2024, 09:53 PM

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Larae

6 months ago

Agree, no tender needed when specs are clear. Saves time!

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Buddy

6 months ago

Wait, are we really skipping tenders for low value stuff? Seems risky!

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Jess

6 months ago

High value items should always go through a tender process, right?

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Jacinta

7 months ago

I think low value items don’t need a tender either.

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Viola

7 months ago

Definitely not needed when there’s a clear specification.

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Marleen

7 months ago

I thought high-value items always required a tender, but maybe there are exceptions? I need to think this through.

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Wynell

7 months ago

I feel like we practiced a question similar to this, and I think it was about not tendering when specifications are unclear.

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Jeannetta

7 months ago

I remember discussing that low-value items might not need a tender process, but I can't recall if that's definitely one of the answers.

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Ronny

8 months ago

I think a competitive tender shouldn't be completed when there isn't a clear specification, but I'm not sure about the other option.

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Miriam

8 months ago

This question is testing our understanding of when a competitive tender process is appropriate. I'll carefully weigh the options.

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Gracia

8 months ago

I'm confident I know the right answer, but I'll double-check my reasoning before submitting.

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Gracia

8 months ago

Okay, I think I've got it. The high-value and unclear specification options seem like the two most relevant choices here.

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Candida

8 months ago

Hmm, I'm a bit unsure about this one. I'll need to think through the circumstances where a competitive tender might not be necessary.

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Glory

8 months ago

This seems like a straightforward question, but I want to make sure I understand the key factors to consider.

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Dusti

8 months ago

Hmm, this looks like a tricky one. I'll need to carefully review the exhibit and the options to figure out what the issue could be.

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Abel

8 months ago

Okay, I've got a plan. I'll focus on the key requirements - unique accounts payable parameters and consolidated financial results. I think Legal Entities or Business Units are the most likely options to meet those needs.

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Adolph

8 months ago

I think trade payables are usually a source of finance, so maybe option C is the one that's false?

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Wei

8 months ago

Hmm, this looks like a tricky one. I'll need to think carefully about the different options and try to eliminate the ones that don't seem relevant.

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Beula

1 year ago

Hmm, let's see. When the items are of high value, you definitely want a competitive tender. And when there's no clear spec, you definitely want a competitive tender. So I guess the answer is C and D - do the opposite of what makes sense!

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Marge

12 months ago

That's right, having clear specifications is crucial for a competitive tender process.

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Kiera

1 year ago

Exactly, you want to ensure fair competition for high-value items.

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Leota

1 year ago

D) When there is not a clear specification

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Moon

1 year ago

A) When the items are of high value

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Penney

1 year ago

Okay, let's think this through. A competitive tender is all about getting the best value, right? So it's gotta be B and D. High-value items need the competition, and unclear specs mean you need that bidding process.

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