CIPS M4L8 (Procurement and Supply) LO4 STUDY GUIDE QUESTIONS AND ANSWERS.

CIPS M4L8 (Procurement and Supply) LO4 STUDY GUIDE QUESTIONS AND ANSWERS.
French and Raven's sources of power - 2:
✔✔Referent:
Power from charisma, charm and personality
Coercive
Power generated from the ability to make threats
Embezzlement:
✔✔· Taking of money / property entrusted into a person's care.
· Money / property usually obtained in a legal / acceptable fashion and
the individual is within their rights to possess the money / property.
· Not the legal owner and if they claim ownership, they are committing
embezzlement.
FRAUD:
✔✔· Occurs when a person acts deliberately to secure monies from
another party through dishonest methods.
· Can be conducted internally or externally by an organisation.
Types of fraud in procurement - 1:
✔✔· Kickbacks: commission paid to bribe taker for services performed.
· Corrupt influence: accepting/ordering more than is genuinely required;
approving a supplier who does not conform to the required standards.