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CIPS Exam L4M6 Topic 3 Question 42 Discussion

Actual exam question for CIPS's L4M6 exam

Question #: 42
Topic #: 3

[All L4M6 Questions]

Francisco has entered a partnership with Pedro, who is a key supplier, and wants to ensure that the partnership achieves all of Francisco's goals. As well as qualitative and quantitative KPIs, what other measures could Francisco take to ensure the partnership is a success?

ADo frequent appraisals on the supplier

BConduct regular audits

CEnsure there is a damages clause in the contract

DThreaten the supplier with termination if he underperforms

Show Suggested Answer

Suggested Answer: B

The correct answer is 'Conduct regular audits'. This is explained on p.153. You wouldn't do an appraisal on a supplier in a partnership relationship as both parties are equal. Threatening a partner isn't good for the relationship and a damages clause would be used in a contractual relationship rather than a partnership.

by Raymon at Jun 22, 2024, 10:39 PM

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Walton

5 months ago

Hold up, are we talking about a partnership or a dictatorship? A) Do frequent appraisals on the supplier is a much more diplomatic approach.

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Felicidad

4 months ago

B) Conduct regular audits

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Teddy

4 months ago

Hold up, are we talking about a partnership or a dictatorship?

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Mel

4 months ago

A) Do frequent appraisals on the supplier

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Chaya

5 months ago

Hmm, I don't know. Threatening the supplier with termination seems a bit heavy-handed, don't you think? D) Threaten the supplier with termination if he underperforms is a bit extreme.

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Justine

4 months ago

I think regular audits would be a good way to ensure everything is on track.

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Meghan

4 months ago

C) Ensure there is a damages clause in the contract

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Polly

4 months ago

B) Conduct regular audits

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Kris

4 months ago

A) Do frequent appraisals on the supplier

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Theola

4 months ago

Hmm, I agree. Threatening the supplier with termination does seem extreme.

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Marjory

4 months ago

C) Ensure there is a damages clause in the contract

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Lashawna

5 months ago

B) Conduct regular audits

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Rashida

5 months ago

A) Do frequent appraisals on the supplier

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Becky

5 months ago

C) Ensure there is a damages clause in the contract is a smart move. That way, if the supplier falls short, you have some legal recourse.

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Jamal

4 months ago

I agree. It's important to have measures in place to mitigate risks and ensure the success of the partnership.

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Jamal

4 months ago

That's a good point. Having a damages clause can protect Francisco's interests in case things don't go as planned.

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Herminia

5 months ago

Threatening the supplier with termination seems harsh, it's better to focus on constructive measures like audits and appraisals.

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Cherry

6 months ago

I believe having a damages clause in the contract is crucial to protect Francisco's interests.

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Vicente

6 months ago

I think B) Conduct regular audits is the way to go. You need to keep a close eye on the partnership to ensure everything is running smoothly.

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Deeann

5 months ago

It's a proactive approach to ensure the partnership stays on track.

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Deonna

5 months ago

Definitely, it helps to identify any issues early on and address them.

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Joana

6 months ago

I agree, conducting regular audits is important to monitor the partnership.

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Nu

6 months ago

I agree with Lauran, appraisals and audits are important to monitor performance.

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Lauran

6 months ago

I think conducting regular audits is a good idea to ensure the partnership's success.

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