CIPS Exam L3M3 Topic 1 Question 2 Discussion

Actual exam question for CIPS's L3M3 exam

Question #: 2
Topic #: 1

'Because they are set up for a specified duration, XXX contracts are subject to expiry rather than completion, unless they are renewed or extended.'

AFramework

BTerm

CSpot

DCall-off

Show Suggested Answer

Suggested Answer: B

Term contracts are set up for a period of time, or a 'term'.

The other answer options shown here are the subject of other QUESTION NO : s within this test.

by Loren at Mar 21, 2024, 03:07 PM

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Mi

6 months ago

I'm not sure, but I think it might be D) Call-off because that also involves a specified duration.

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Cristy

6 months ago

I would go with B) Term as well, it makes the most sense in this context.

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Brynn

6 months ago

I think the answer is B) Term, because that's usually what determines when a contract expires.

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Geoffrey

6 months ago

I agree, it's definitely related to the duration set for the contract.

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Bettina

7 months ago

I believe it's about the term of the contract.

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Andree

7 months ago

What do you think about the question on XXX contracts being subject to expiry?

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Stevie

7 months ago

I see your point, Rashad. But I think it could also be A) Framework because contracts are set up within a certain structure.

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Rashad

8 months ago

I disagree, I believe the answer is D) Call-off because those contracts can be extended or renewed.

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Katina

8 months ago

I think the answer is B) Term because contracts have a specific length of time.

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