Restricted or limited tendering is also sometimes known as:
Answer(s): C
Selective, restricted and limited are all essentially the same idea: not open tendering, but using some kind of prequalification approach.
`Efficiency is measured in terms of a quantity of ...'
Output per unit of input resource.Efficiency is, in a sense, seeking to get as much out of a system, while putting in as little as possible.
Which two of the following would be unlikely to increase value for money for an organisation?
Answer(s): A,C
Suppliers entertain to retain or generate business - there is a cost to this, which is recovered from customers - the antithesis of value for money. Late bids are sometimes related to inflated prices and instances of malpractice. A late bid is extremely unlikely to increase value for money in the long term and is a serious breach of organisational procedure.
`Expediting' is:
Answer(s): D
Expediting - a task, which in an ideal world would not normally need to exist - is seeking to ensure delivery is made in line with contract and / or organisational needs. It has nothing to do with permission to spend, auditing, or preparing for an expedition.
XXXX can be defined as `easy and timely access to information', according to the Profex textbook for this subject. What is XXXX?
Transparency.
Post your Comments and Discuss CIPS L3M2 exam prep with other Community members:
Our website is free, but we have to fight against AI bots and content theft. We're sorry for the inconvenience caused by these security measures. You can access the rest of the L3M2 content, but please register or login to continue.