CIPS L3M2 Actual Free Exam Questions & Community Discussion

You have recently moved into the procurement department at your company, having earlier worked in the finance area in the same company for five years. You have decided to set up home with your partner, and you will need additional money to buy furniture, furnishings, etc. A friend has offered you extra part-time work at weekends, helping serve meals in their small family restaurant. Do you:

'The usefulness of lifetime costing is for decision-making about whether to acquire an asset with an expected:

'In any series of elements to be controlled, a selected small factor in terms of number of elements almost always accounts for a large factor in terms of effort'. Which well-known principle is being described here?

Individuals, units, teams, groups or organisations that have an influence over procurement, or which are affected by procurement operations, can be called:

A specification which focuses on the outputs of a requirement is called:

A common term to describe an approach to settling contractual disagreements:

The axes on the Mendelow stakeholder management matrix are:

Decisions which do not represent the best overall outcome for the organisation could be called:

Cause and effect diagrams, also known as Ishikawa diagrams, are sometimes also known, because of their shape, as:

We can talk about the 'make, do or XXXX decision'. XXXX represents: