L4M2 VALID TEST COST - L4M2 VCE FORMAT

L4M2 Valid Test Cost - L4M2 Vce Format

L4M2 Valid Test Cost - L4M2 Vce Format

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Tags: L4M2 Valid Test Cost, L4M2 Vce Format, L4M2 Exam Sample, Latest L4M2 Practice Questions, L4M2 Exams Torrent

In recent years, some changes are taking place in this line about the new points are being constantly tested in the L4M2 real exam. So our experts highlights the new type of questions and add updates into the L4M2 practice materials, and look for shifts closely when them take place. At the same time, as we can see that the electronic devices are changing our life day by day, our L4M2 study questions are also developed to apply all kinds of eletronic devices.

Aspiring business analysts who are interested in acquiring a globally recognized certification can benefit from taking the CIPS L4M2 exam. L4M2 exam is particularly useful for those who are seeking to develop their skills in business analysis and gain a deeper understanding of how to identify and define business needs. Passing L4M2 exam can demonstrate to employers that you have the knowledge and skills required to be an effective business analyst, and can help you stand out in a competitive job market.

Preparing for the CIPS L4M2 Certification Exam requires a significant amount of effort and dedication. Candidates must thoroughly understand the principles of business analysis, stakeholder management, requirements engineering, and business architecture. They should also be familiar with the exam format and take practice tests to identify areas of weakness. Additionally, candidates should consider enrolling in a training program to ensure they have the knowledge and skills necessary to pass the exam.

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CIPS Defining Business Needs Sample Questions (Q47-Q52):

NEW QUESTION # 47
This is the information on an organisation's activities over the past year
* Sale were $5,000,000. The value of accounts receivable was $450,000 at the start of the year and $525,000 at the end of the year
* The value of direct costs was $2,500,000 and 75% of this was bought on credit
* Indirect costs were $3,000,000 and 25% of this was bought on credit
* During the year the organization spent $1,500,000 on new assets and sold $150,000 of old assets.
$1,000,000 of the spend on assets was funded by a bank loan
* The organization declared a dividend of $200,000 at the end of the year but this was not paid for another two months
* Opening balance was $175,000
Which of the following is the bank balance of that organization at the end of the year?

  • A. $1,700,000
  • B. $2,025,000
  • C. $1,675,000
  • D. $1,875,000

Answer: D

Explanation:
In this question, you should understand the concept of cash flow and formula of cash flow. Cash flow calculates the physical money moving in and out a company's bank balance. The cash flow from sale activity is:
cash flow from sale = account receivable at beginning of the year + revenue - account receivable at the end of the year = $450,000 + $5,000,000 - $525,000 = $4,925,000
75% of direct costs was bought by credit, therefore, the company spent 25% on direct cost: -$2,500,000*25
/100 = -$625,000
25% of indirect costs was bought on credit. Cash flow out on indirect costs is: -$3,000,000*75/100 =
-$2,250,000
Company spent $1,500,000 on new assets funded by a loan of $1,000,000. Cash flow out from this activity is
-$500,000
Company received $150,000 from selling old assets
Dividends have not been paid for another 2 months, thus, they are not accounted as cash flow out.
The bank balance at the end of the year is: $175,000 + $4,925,000 - $625,000 - $2,250,000 - $500,000 +
$150,000 = $1,875,000
LO 1, AC 1.4


NEW QUESTION # 48
Warwickshire Ambulance Service (WAS) is an NHS Trust. It operates throughout Warwickshire and the neighbouring areas. It has three core areas of activity, namely the provision of Emergency Ambulance Services, routine Patient Transport Services, and Logistic Medical Services. The agency is working towards higher service level through benchmarking. Which of the following is the benefit of benchmarking to WAS?

  • A. It helps WAS identify better ways to deliver service through a cookbook process
  • B. It will help WAS analyse the competitors in the industry
  • C. It will help WAS create performance standards derived from an analysis of the best in business
  • D. Benchmarking is a panacea for all WAS's problems

Answer: C

Explanation:
Benchmarking is 'the pursuit by organisations of enhanced performance by learning from the suc-cessful practices of others. Benchmarking is a continuous activity; key internal processes are adjusted, performance is monitored, new comparisons are made with the current best performers and further changes are explored. Where information about these key processes is obtained through a co-operative partnership with specific organisations (rather than via a third party such as an independently-maintained database), there is an expectation of mutual benefit over a period of time.


Reference:
- The Department of Navy Benchmarking Handbook: A system view
- CIPS study guide page 49-51
LO 1, AC 1.3


NEW QUESTION # 49
Which of the following are potential advantages of using a product performance specification?
* It reduces the need for the buyer to produce a detailed design
* It can widen the potential supply base
* The buyer can specify the product's actual design in detail
* Products are provided using the buyer's methodology

  • A. 1 and 2
  • B. 3 and 4
  • C. 2 and 3
  • D. 1 and 4

Answer: A

Explanation:
Detailed Explanation:
* 1 (Reduces design need): Performance specifications focus on outcomes rather than detailed designs, saving buyer resources.
* 2 (Wider supply base): Allowing suppliers to propose their own solutions can attract a broader range of suppliers.Options 3 and 4 align with conformance specifications, not performance-based ones.
Reference: CIPS Level 4, Specification Writing.


NEW QUESTION # 50
How can a procurement department meet the business needs when purchasing leverage items?

  • A. Developing effective contracts such as call-off contracts
  • B. Developing buying power such as competitive tendering
  • C. Developing long-term relationships such as partnerships
  • D. Developing efficient order processes such as e-procurement

Answer: B


NEW QUESTION # 51
Why is the specification considered as the most important document in procurement?

  • A. It eliminates all possible supply risks
  • B. It provides a mean to appraise the performance of supplier
  • C. It helps the buyer to gain at supplier's loss
  • D. It always shifts the balance of bargaining power in favour of the buyer

Answer: B

Explanation:
Specification is the most important document in procurement because it sets out the quality which supplier must provide. If there is no spec or the spec lacks clarity and details, supplier's perfor-mance may vary and possibly lower than actual requirements. This puts the buyer at risks. On the other hand, if the spec is clear and detailed, the supplier is liable to provide 'fit for purpose' products or perform the service at required level of quality. This will ensure that the buyer achieve 'Right Quality'.


NEW QUESTION # 52
......

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