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CIPS L6M5 - Strategic Programme Leadership

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Total 83 questions

Skipped

Under what circumstances can Specific Performance be used to compensate an innocent party for a contractual breach? Select all that apply.

A.

The innocent party did not fulfil their contractual obligations under the contract

B.

Adequate remedies are not available

C.

Money cannot remedy the situation, such as in the case of the sale of rare goods

D.

When the innocent party wishes to avoid going to court

E.

A contract has a liquidated damages clause

When is a cost-plus pricing arrangement most likely to be used?

Answer Options:

A.

In low-risk, low-value purchases

B.

Where there is a low level of trust between supplier and buyer

C.

In high-risk environments

D.

In international transactions

Cyril Engineering entered into a contract with Dojo Ltd for electrical engineering services to a power station.

    The contract was successful for two years, but Cyril Engineering failed to fulfill obligations recently.

Q: What is this situation known as?

Answer Options:

A.

Consequential Loss

B.

Damages

C.

Default

D.

Direct Loss

Joanne is preparing a contract for the construction of a large shopping center.

    The project includes 52 retail units, several restaurants, and a parking facility.

    Joanne's company has contracted Construct Ltd under a Turnkey project.

    She is using a Gantt chart as a schedule in the contract.

Q: What type of payment mechanism is being used in this contract?

Answer Options:

A.

Fixed Lump Sum

B.

Bill of Quantity

C.

Activity Schedule

D.

Cost Reimbursable

Liability limitation often focuses on which of the following types of loss, which is said to be the most unpredictable and most significant in the case of a default on a contract?

A.

repudiatory

B.

anticipatory

C.

direct

D.

consequential

Which of the following statements about investment appraisal techniques are true? (Select all that apply.)

Answer Options:

A.

Non-discounted cash flow methods focus on profit maximization

B.

Return on Capital Employed (ROCE) is expressed as a percentage of the value of assets used to generate profit

C.

Payback analysis ignores cash flow after the business recovers its costs

D.

Internal Rate of Return (IRR) can be used with Net Present Value (NPV)

Which project management methodology outlines a process for closing a project?

Answer Options:

A.

Monte Carlo

B.

Critical Path

C.

MRP

D.

Prince2

According to Hofstede's Cultural Dimensions, Individualism is when a person prioritises themselves over a group. Is this correct?

A.

yes – individualism is seen as a selfish culture

B.

yes – this is the opposite of collectivism

C.

no – this is where an individual does not take risks that may have an adverse affect on themselves

D.

no – individualism means accepting immediate gratification

Skipped

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

A.

It can be found in Standard Operating Procedures within the procurement department

B.

It is easy to capture and write down

C.

It can be captured from reports and data

D.

It is easy to transfer from one person to another

E.

It is usually unwritten

"Persuasion should be a last resort in cultural change." Is this statement true?

Answer Options:

A.

Yes – persuasion should be linked to an implicit or perceived threat

B.

Yes – persuasion should only be used after coercion has failed

C.

No – persuasion should be planned before implementing change

D.

No – persuasion is not useful in large cultural shifts