L3M3 practice question 6 of 15
A justification of an action (expenditure) that is to be taken by an organisation.
Full set: 90 questionsCorrect Answer:
C. Business case
Explanation
The business case will justify the expenditure. Of the other answers offered, the only one which needs explanation presumably is 'cost analysis'. This needs to be distinguished from 'price analysis'.
Keep practicing
Take the free L3M3 practice test
Ten exam-style questions with answers and explanations, plus the exam facts and study guides.
More questions
Other L3M3 practice questions
- Question 1The UN Guiding Principles on Business and Human Rights (UNGP) - which recognise that busi…
- Question 2In legal circles, ownership of something is often called:
- Question 3‘The CIPS Code of Conduct states that procurement professionals should not accept any bus…
- Question 4Revenue-earning possibilities which are foregone as a result of implementing a plan; the …
- Question 5Contracts published by third party experts such as trade associations or professional bod…
- Question 7Win-win style negotiations are said to be:
