Free Practice CIPS L4M3 Exam Questions 2025

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

According to mailbox rule in some common law countries, at which point the offeree's acceptance will be effective?

A procurement manager is preparing a long-term contract with a major supplier. She decides to use the variable pricing arrangement using price indices. The payment terms describe the circumstances and mechanism where the price is allowed to change. In order to successfully manage this type of contract, the buying organisation should have...?

In a contract, both buyer and supplier agreed the lead time is 3 days. The contract also requires that any variation must be made in writing. Then the buyer places an order by phone call and requests delivery the next day, but the supplier delivers on the third day since the order. Can buyer refuse to pay as supplier did not deliver per time?

A purchase order can become a contract between supplier and purchaser if it is...?