Free L3M2 Exam Questions - Easiest Way for Success

Prepare for the CIPS L3M2 exam questions with our authentic preparation materials, including free L3M2 practice exam questions and answers. TheExamsLab provides all the support you need to succeed in the Ethical Procurement and Supply (L3M2) L3M2 exam. This dedication to student success is why we have the most satisfied L3M2 certification exam candidates worldwide.

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Total 90 Questions | Updated On: Sep 14, 2024

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Question 1

The abbreviation ‘KPI’ stands for:

A : Key performance indicator

B : Key procurement indicator

C : Key personnel insurance

D : Key performance improvement

E : Key performance inducement

Answer: A

Question 2

In the period in question, the budget for staff overtime and bonuses is zero.

The actual expenditure is 2,900.

Is this variance:

A : Zero?

B : Adverse?

C : Averse?

D : Favourable?

Answer: B

Question 3

Select the two words which explain least well why the procurement of services can be more challenging than the procurement of physical products:

A : Permeable

B : Unimaginable

C : Intangible

D : Inseparable

E : Variable

F : Perishable

Answer: A,B

Question 4

Restricted or limited tendering is also sometimes known as:

A : Elective

B : Effective

C : Invective

D : Selective

Answer: D

Question 5

Value can be added through XXXX reduction or by making a process more efficient or more effective'

A : Cost

B : Value

C : Profit

D : Cash

Answer: A

Page: 1 / 18

Total 90 Questions | Updated On: Sep 14, 2024

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