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CIPS Exam L4M3 Topic 9 Question 21 Discussion

Actual exam question for CIPS's L4M3 exam
Question #: 21
Topic #: 9
[All L4M3 Questions]

Which of the following is regulated by standard ISO 14001?

Show Suggested Answer Hide Answer
Suggested Answer: A

Advantages of using fixed pricing arrangement are as below:

- Budget/income certainty - prices are fixed up front and should not change

- The impact of changes to the supplier's cost base is not fed through to the purchaser. If costs diminish, the supplier will benefit from this, and if costs rise, the purchaser will benefit


LO 3, AC 3.3

Contribute your Thoughts:

Gerald
9 days ago
Hmm, I was leaning towards A. Energy management, but now I'm doubting myself. Gotta review my ISO standards again.
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Jackie
14 days ago
I'm pretty sure it's C. Environmental management. ISO 14001 is all about establishing and maintaining an environmental management system.
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Phil
14 days ago
That makes sense, but I still believe it's C) Environmental management because it specifically addresses environmental impact and sustainability.
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Glynda
15 days ago
I think it's A) Energy management because ISO 14001 focuses on environmental aspects related to energy use.
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Phil
18 days ago
C) Environmental management
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