Free CIPS L6M5 Exam Dumps Questions & Answers

In a fixed lump sum contract, this pricing mechanism does not allow for any changes in price. Is this statement TRUE?
Fixed lump sum contracts are widely used in construction and infrastructure projects.
Answer Options:

• A.No - price variations are permitted if they are written into the contract
• B.Yes - the price is fixed before the contract is signed
• C.Yes - the contractor assumes all risks should they exceed the budget
• D.No - price changes are allowed as it is impossible to predict prices concretely in advance

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Kathryn is considering accepting a job at a new company. She is doing some research into the company to find out if it would be a good cultural fit for her. Which of the following would be classed as an 'espoused value' of the new company?

• A.The company's mission statement
• B.Company cars given to all members of the senior leadership team
• C.The office furnishings and dress code
• D.The product slogans
• E.The way people are greeted in reception

What is the primary disadvantage of the Payback Analysis method?
Answer Options:

• A.It does not consider the time value of money
• B.It is complex
• C.It does not compare different options
• D.It ignores the amount of money invested

Jane works at a manufacturing organisation based in Europe. The organisation has recently decided to open a new factory in a South-East Asian country and Jane is to head up the project to launch the new factory. She has decided to fly out to the new site ahead of opening to do some research into the local culture and assess how the differences in culture may impact upon the company as a whole. The CFO of Jane's company thinks that this is a bad idea and a waste of money. Should Jane go?

• A.yes - understanding the local culture will be important in incorporating the new site into the company
• B.yes - Jane should take advantage of the free trip to learn the language
• C.no - the CFO is correct that this would be a waste of money because Jane does not speak the local language
• D.no - it is racist to assume that the culture is different

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Which of the following describes tacit knowledge? Select all that apply.

• A.It can be captured from reports and data
• B.It is easy to transfer from one person to another
• C.It is easy to capture and write down
• D.It can be found in Standard Operating Procedures within the procurement department
• E.It is usually unwritten