CIPS Exam L4M6 Topic 9 Question 28 Discussion

Actual exam question for CIPS's L4M6 exam

Question #: 28
Topic #: 9

What are service credits?

AA type of payment where goods are delivered before payment is made

BA mechanism for performance management where the buyer has the right to deduct money from payments owed for under performance

CWhen a buyer makes a purchase on credit

DA clause in a contract that allows for additional bonus payments for meeting KPIs

Show Suggested Answer

Suggested Answer: B

The correct answer is ''A mechanism for performance management where the buyer has the right to deduct money from payments owed for under performance''. A definition is provided on p.113 and states ''If a supplier fails to meet the standard set in the service credits, the buyer has the right to deduct set amounts of money from payments owed to the supplier''

by Celeste at Oct 17, 2023, 05:14 PM

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