CIPS L4M8 Q&A - in .pdf

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  • Exam Name: Procurement and Supply in Practice
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NEW QUESTION: 1
Identify the missing words in the following sentence. The primary outcome of the [ ? ] principle is that the identification of risks is thorough.
A. provides clear guidance
B. engages stakeholders
C. creates a supportive culture
D. facilitates continual improvement
Answer: B

NEW QUESTION: 2
Under which cost flow assumption is the ending inventory composed of the most recently purchased merchandise?
A. LIFO
B. Average Cost
C. FIFO
Answer: C
Explanation:
Under the FIFO (First-In, First-Out) cost flow assumption, the inventory on hand is considered to be composed of the most recent items purchased.

NEW QUESTION: 3
Given the contents of the raw data file TYPECOLOR:
----I----10---I----20---I----30
Daisyyellow
The following SAS program is submitted:
data flowers;
infile 'typecolor';
input type$ 1-5+1 color$;
run;
What are the values of the variables TYPE and COLOR?
A. No values are stored for the TYPE and COLOR variables.
B. type color
daisy ellow
C. type color
daisygreen
D. type color
daisyyellow" "(missing character value)
Answer: B

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