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CIPS L4M7 Exam - Topic 2 Question 78 Discussion

Which of the following costs can be classified as 'acquisition costs'?Invitation to tender and order processing costsInvoice processing and supplier selection costsGoods inspection and total ownership costTotal input costs and invoice processing cost
A) 1 and 2 only
B) 2 and 5 only
C) 1 and 4 only
D) 2 and 4 only

CIPS L4M7 Exam - Topic 2 Question 78 Discussion

Actual exam question for CIPS's L4M7 exam
Question #: 78
Topic #: 2
[All L4M7 Questions]

Which of the following costs can be classified as 'acquisition costs'?

Invitation to tender and order processing costs

Invoice processing and supplier selection costs

Goods inspection and total ownership cost

Total input costs and invoice processing cost

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Suggested Answer: A

by Gianna at Aug 14, 2026, 08:42 AM

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Desirae
4 days ago
I'm a bit confused about total ownership cost; I thought that was more related to long-term costs rather than acquisition.
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Ettie
9 days ago
I think we had a practice question similar to this, and I recall that supplier selection costs are definitely part of acquisition costs.
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Crista
15 days ago
I remember we discussed acquisition costs in class, but I'm not sure if invoice processing should be included.
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