BlackFriday 2024! Hurry Up, Grab the Special Discount - Save 25% - Ends In 00:00:00 Coupon code: SAVE25
Welcome to Pass4Success

- Free Preparation Discussions
Mail Us support@pass4success.com
Location US
Mob_nav_barsMENU

CIPS Exam L3M2 Topic 2 Question 23 Discussion

Actual exam question for CIPS's L3M2 exam
Question #: 23
Topic #: 2
[All L3M2 Questions]

The budget for procurement staff costs is 100,000 but only 90,000 has been spent in the period. This has resulted in substantial further work for procurement staff members, sometimes working into the evening or at weekends.

Show Suggested Answer Hide Answer
Suggested Answer: D

As less has been spent than budgeted, the variance is favourable.


by Cheryll at Sep 13, 2024, 09:04 PM

Limited Time Offer

25%

Off

Get Premium L3M2 Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel
Paulina
28 days ago
Ooh, this is a tough one. I'm going to have to think about the implications of the extra work before I decide. B might be the safest choice here.
upvoted 0 times
Alease
13 days ago
B) None of the above?
upvoted 0 times
...
Rosendo
16 days ago
A) Is the variance:
upvoted 0 times
...
...
Nida
1 months ago
Haha, this question is trying to trick us! Spending less than the budget is always a good thing, even if the staff had to work harder. Definitely D.
upvoted 0 times
...
Noah
1 months ago
Hold up, if they spent less than the budget, how can that be adverse? I think D is the correct answer here.
upvoted 0 times
Annette
4 days ago
D) Favourable?
upvoted 0 times
...
Beth
5 days ago
C) Adverse?
upvoted 0 times
...
Rodolfo
6 days ago
B) None of the above?
upvoted 0 times
...
Tasia
7 days ago
A) Is the variance:
upvoted 0 times
...
Cordie
11 days ago
I think D is the correct answer here.
upvoted 0 times
...
Lyla
12 days ago
Hold up, if they spent less than the budget, how can that be adverse?
upvoted 0 times
...
Afton
14 days ago
D) Favourable?
upvoted 0 times
...
Hayley
16 days ago
C) Adverse?
upvoted 0 times
...
Charlette
23 days ago
B) None of the above?
upvoted 0 times
...
Melodie
1 months ago
A) Is the variance:
upvoted 0 times
...
...
Ilona
2 months ago
Should we look into why the budgeted amount was not fully utilized and address any inefficiencies?
upvoted 0 times
...
Rashida
2 months ago
Yes, it is adverse because the actual cost is less than the budgeted cost, causing extra work for staff.
upvoted 0 times
...
Camellia
2 months ago
Is the variance adverse?
upvoted 0 times
...
Willis
2 months ago
Woah, this is a tricky one. If the staff had to work extra hours, that sounds like an adverse variance to me. I'm going with C.
upvoted 0 times
...
Joana
2 months ago
Hmm, if the budget was 100,000 but only 90,000 was spent, then the variance must be favorable, right? I'm going with D!
upvoted 0 times
Salena
1 months ago
Hopefully they can take a well-deserved break now.
upvoted 0 times
...
Rozella
1 months ago
They must have been working really hard to stay within budget.
upvoted 0 times
...
Joye
1 months ago
That's good news for the procurement staff.
upvoted 0 times
...
Malcolm
1 months ago
Yes, you're correct! The variance is favorable.
upvoted 0 times
...
...

Save Cancel