CIPS Exam A8 Topic 1 Question 25 Discussion

Actual exam question for CIPS's A8 exam

Question #: 25
Topic #: 1

Which of the following best describes a reason for the use of progress payments?

AThey provide the supplier with working capital in advance of the contract

BThey save the supplier from having to borrow commercially to provide working capital

CThey delay the time of payment and thus allow a saving to the buyer

DThey give the buyer the opportunity to counter claim under warranty

Show Suggested Answer

Suggested Answer: B

by Lynelle at May 07, 2022, 01:43 PM

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