.png){kind=logo}
CIPS M4L8 (Procurement and Supply) LO3
QUESTIONS AND ANSWERS A.
What are the disadvantages of buying assets?
Correct Answer -- depreciation has to be calculated
- more difficult to upgrade
- maintenance costs are incurred
What are the advantages of leasing assets?
Correct Answer -- no initial capital outlay
- total amount payable is known
- budgeting is easier
- fewer tax and depreciation calculations
what are the disadvantages of leasing assets?
Correct Answer -- commitment to payment over an agreed period of time
- overall price may be higher than if bought outright
- ownership never transfers
- could be limits on usage
what departments are involved in whole life asset management?
Correct Answer -- marketing
- finance
- research and design
- operations
- sales
- human resources
CIPS M4L8 Procurement and Supply LO3 QUESTIONS AND ANSWERS A.
What's included in this material?
-
Up-to-date Content: This is the latest version of the study guides, questions, and answers.
-
Instant Access: Immediately available for download right after your purchase.
-
Multi-Device: High-quality PDF format, easily readable on your phone, tablet, or PC.
-
Verified Quality: Carefully curated content designed to help you prepare effectively.
Sample Content from this Document
UNLOCK ACCESS
$35.00
.png)