CIPS M4L8 (Procurement and Supply) LO3
QUESTIONS AND ANSWERS RATED 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

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jordancarter 6 months ago

This study guide is clear, well-organized, and covers all the essential topics. The explanations are concise, making complex concepts easier to understand. It could benefit from more practice questions, but overall, it's a great resource for efficient studying. Highly recommend!

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