`The value of a commodity or service measured in terms of the standard monetary unit' describes:
Answer(s): B
The definition shown refers to the word 'price'. The price is what someone will pay for something - the extent to which a customer values something - and the reference to the standard monetary unit refers to, for example, a dollar, a Euro, a dinar or whatever. The other answers are, to some extent, intended to confuse, as they use some of the words shown in the definition. Care must be taken not to jump to a conclusion here. The response 'cost' should give pause for thought, as, in a sense, the cost of doing or making some- thing may have value. But value is determined by the customer - this definition is a reference to the value the customer would pay - the price.
Which of the following is least risky from the buyer's viewpoint?
Answer(s): D
Payment (the implication here is 'in full') 60 days after delivery allows the buying organisation time to check the goods carefully, and possibly even use them in that time. All of the other options would require the buyer to part with money prior to holding the goods, thus exposing that sum to risk. The least risky from the buyer's viewpoint is therefore after 60 days. Particularly hazardous would be payment at time of order.
A market situation where there is only one buyer in the marketplace is called:
A market with only one buyer is called a 'monopsony'.There may be other QUESTION NO :s in this test about the other terms shown, so I shall hold back on expla-nation(s) here.
'Shareholders are an example of stakeholders'. True or false?
Answer(s): A
Shareholders are one example of a range of stakeholders in a private or public limited company.
A contract clause which entitles the buyer to hold back 5% of the final price for six months to en-sure everything is in order is known as a --------- clause:
'Retention' - from the word 'retain', meaning to 'keep in place', 'hold back', 'keep possession of' something (Concise Oxford Dictionary, fifth edition) . In this case, 5% of the contract price.
Share your comments for CIPS L3M1 exam with other users:
am preparing for exam
good one thanks
only got thru 5 questions, need more to evaluate
q26 should be b
the aaa triad in information security is authentication, accounting and authorisation so the answer should be d 1, 3 and 5.
need to attend this
these are free brain dumps i understand, how can one get free pdf
provide access
good morning
please upload the ncp-mci 6.5 dumps, really need to practice this one. thanks guys
question 16: https://help.salesforce.com/s/articleview?id=sf.care_console_overview.htm&type=5
yes i m prepared exam
my experience was great with this site as i studied for the ms-900 from here and got 900/1000 on the test. my main focus was on the tutorials which were provided and practice questions. thanks!
great course
very good question
question: 93 which statement is true regarding the result? sales contain 6 columns and values contain 7 columns so c is not right answer.
highly recommend just passed my exam.
great practice! thanks
anyone who wrote this exam recently?
kindly share the dump
could you please upload cfe fraud prevention and deterrence questions? it will be very much helpful.
this is really very very helpful for mcd level 1
very helpful!
question #18s answer should be a, not d. this should be corrected. it should be minvalidityperiod
thanks for the exact solution
need to refer the questions and have to give the exam
i need it right now if it was possible please
i need it very much please share it in the fastest time.
correct answer is d for student.java program
q:37 c is correct
q6 exam topic: terramearth, c: correct answer: copy 1petabyte to encrypted usb device ???
explained answers
plan to take theaws certified developer - associate dva-c02 in the next few weeks
very helpfull
Keeping this site free takes real effort. We constantly battle automated scraping and unauthorized content copying. A quick account helps us protect the community and keep the site free.
To continue studying for your L3M1, please sign in or create a free account.