QUESTION: 61

Which of the following is regulated by standard ISO 14001?

Energy management
Quality management systems
Environmental management
Information security management

Answer(s): C

Explanation:

ISO has about 22,000 international standards covering a vast range of aspects of product or service quality. Below are some of the most common ISO standards:
- ISO 9001: Quality management system
- ISO 27001: Information security management
- ISO 5001: Energy management
- ISO 14001: Environmental management

Reference:

- ISO 14001:2015 Environmental management systems -- Requirements with guidance for use
- CIPS study guide page 86 LO 2, AC 2.1

Reveal Solution Next Question

QUESTION: 62

Under general legal principles of contract formation, which of the following will always automatically result in the termination of an offer?
1. Negotiation
2. Rejection
3. Failure conditionality
4. Non-disclosure

3 and 4 only
1 and 4 only
1 and 2 only
2 and 3 only

Answer(s): D

Explanation:

There are a number of ways for an offer to be terminated. They are events that may occur after an offer has been made which bring it to an end so that it can no longer be accepted. An offer is terminated in the following circumstances:

1. Revocation
2. Rejection
3. Lapse of time
4. Conditional Offer (or Failure of Conditionality)
5. Operation of law
6. Death
7. Acceptance
8. Illegality

Reference:

- How Is an Offer Terminated?
- CIPS study guide page 31-32 LO 1, AC 1.2

Reveal Solution Next Question

QUESTION: 63

Which of the following are likely to be advantages of using invitation to tender? Select TWO that apply:

Short turnaround times
Quick implementation
Driving forward planning culture
Lower administration costs
Reducing risks of bribery and corruption

Answer(s): C,E

Explanation:

Advantages of using invitation to tender may be as below:
No Nepotism: Tenders or bids are evaluated on the basis of certain predetermined criteria, such as price, quality and value for money. In other words, the firm offering the highest quality product or service at the lowest price point would win the contract. As most tender documents are opened and evaluated in a public process, I think that there remains little room for nepotism or favoritism of any kind.
Value for Money: From the perspective of the client, tenders offer the greatest value for the amount of money spent. This is due to the fact that the client can choose from a wide pool of potential suppliers to select the ones that can produce the highest quality product or service at the lowest price point. This allows the company, establishment or organization to save money without having to compromise on quality. Therefore, despite being quite time consuming, tendering is, in my opinion, a profitable long-term process from an organization's point of view. Encourages Competition: The process of tendering helps promote a competitive market. This is because a number of potential contractors, firms or suppliers get a chance to bid for every project. And because selection depends on quality and price, every bidder tries to reduce operational inefficiencies and redundancies as much as possible in order to lower expenses and improve quality. This entire process encourages healthy competition in the market and prevents complacency and laziness, which in turn provides a boost to innovation and new ideas. Easier Entry: The system of tendering makes it easier and simpler for new firms to enter the market or even a particular industry. This is due to the fact that contracts under this system are awarded on the basis of predetermined, objective criteria. As a result, even a firm that is a new entrant to the market, having no connections or contacts in the industry, can win a prestigious and lucrative contract by providing the highest value for the client's money. This process therefore helps new firms to quickly get a foothold in the market or industry, thus significantly lowering the traditional barriers to entry.

Reference:

- Characteristics and Benefits of the Tendering Process
- CIPS study guide page 6-8 LO 1, AC 1.1

Reveal Solution Next Question

QUESTION: 64

Which of the following are always included within a framework agreement? Select TWO that apply:

Exact quantity to be purchased
Call-off procedure
Exact price to be paid
Duration
Insurance

Answer(s): B,D

Explanation:

A framework agreement will set out the following:
- How call offs can be made - whether a mini-competition is required or a direct call off can be made
- How price is calculated
- The specification - this may have various options to cater for different needs
- The duration of the agreement
- Who can access the agreement
- Any limitations
- The main terms to be included in the contract or the form of contract to be used, where this is intended to be a standard form.

Reference:

CIPS study guide 60-62 LO 1, AC 1.3

Reveal Solution Next Question

Free L4M3 Exam Braindumps (page: 16)

QUESTION: 61

Explanation:

Reference:

QUESTION: 62

Explanation:

Reference:

QUESTION: 63

Explanation:

Reference:

QUESTION: 64

Explanation:

Reference: