CIPS L3M1 Actual Free Exam Questions & Community Discussion
Value for money can be defined by 'the three E's',
Select those which are not part of 'the 3 E's'.
Select those which are not part of 'the 3 E's'.
Correct Answer: B,C,E,G
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Thinking of Michael Porter's Industry Structure Analysis (commonly referred to as Five Forces Analysis), the content of the centre circle is about:
Correct Answer: B
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'Price' and 'payment terms' are the same thing.
True or false?
True or false?
Correct Answer: A
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Which of the following is least risky from the buyer's viewpoint?
Correct Answer: A
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Why is procurement governance important?
Select all that apply.
Select all that apply.
Correct Answer: A,B,D
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Measurement of an organisation's carbon footprint uses which gas as a standard measure?
Correct Answer: C
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A 'firm price' and a 'fixed price' are the same thing.
True or false?
True or false?
Correct Answer: B
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The primary purpose of a public sector organisation is to:
Correct Answer: D
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Which one of the following is a commercial document issued by a seller stating what the cost would be of supplying certain goods or services, normally in response to an enquiry by the buyer?
Correct Answer: D
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The idea / practice that some users / internal customers will spend organisational funds without in-volving procurement professionals when required to do so by organisational rules, is called:
Correct Answer: B
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