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Free CIPS L3M2 Practice Exam with Questions & Answers

Questions 1

The abbreviation ‘KPI’ stands for:

Options:
A.

Key performance inducement

B.

Key procurement indicator

C.

Key performance improvement

D.

Key performance indicator

Key personnel insurance

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Questions 2

The budget for procurement staff costs is 100,000 but only 90,000 has been spent in the period. This has resulted in substantial further work for procurement staff members, sometimes working into the evening or at weekends.

Options:
A.

Is the variance:

B.

None of the above?

C.

Adverse?

D.

Favourable?

Questions 3

Where the buyer’s and seller’s conditions of contract clash, this is commonly known as ‘the battle of the…’

Options:
A.

Bulge

B.

Terms

C.

Firms

D.

Forms

E.

Papers

F.

Titans

Questions 4

Giving or taking a payment of money to induce a person to act in breach of trust and do something they should not do is called:

Options:
A.

Embezzlement

B.

Extortion

C.

Fraud

D.

Bribery

Questions 5

Key Performance Indicators could be said to be:

Options:
A.

SWART

B.

SMART

C.

SHARP

D.

START

Questions 6

OTIF stands for:

Options:
A.

Order transmitted and in the supplier's factory

B.

Order transmitted in full

C.

On time and in our facility

D.

On time and in full

Questions 7

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

Options:
A.

Buy

B.

Procure

C.

Lease

D.

Build

Questions 8

‘A high degree of skill or expertise’

Options:
A.

Proficiency

B.

Efficiency

C.

Deficiency

D.

Effectiveness

Questions 9

The abbreviation ‘PDCA’ represents the words:

Options:
A.

Plan do check assess

B.

Purchase do check act

C.

Procure, distribute to customers actively

D.

Plan do check act

Questions 10

Regarding quality management, how many defects?

Options:
A.

Zero

B.

One

C.

Three

D.

Two

Exam Code: L3M2
Certification Provider: CIPS
Exam Name: Ethical Procurement and Supply
Last Update: Jul 10, 2025
Questions: 90
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