CIPS Exam L4M2 Topic 8 Question 41 Discussion

Actual exam question for CIPS's L4M2 exam

Question #: 41
Topic #: 8

[All L4M2 Questions]

Procurement should work closely with colleagues in accounts when creating an annual budget. This is because the budget will help the company ...

ADefine terms and conditions of the contract

BPlan its finances for the next year

CProcess supplier invoices quicker

DPlan its functional strategy for the next year

Show Suggested Answer

Suggested Answer: A

In the scenario, ABC Ltd has the following characteristics:

- Large investment in facilities and machinery

- Access to skilled workforce

- Mass production.

This company is a manufacturer. Manufacturing is an industry that makes products from raw ma-terials by the use of manual labour or machinery and that is usually carried out systematically with a division of labour.

Manufacturing requires investment in machinery and access to a suitably skilled workforce as well as materials and components.

- CIPS study guide page 74-76

- manufacturing | Definition, Types, & Facts | Britannica

LO 2, AC 2.1

by Jaime at Aug 09, 2024, 01:01 AM

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