Summer Special 60% Discount Offer - Ends in 0d 00h 00m 00s - Coupon code: bestdeal

Free CIPS L3M2 Practice Exam with Questions & Answers | Set: 2

Questions 11

The time between recognition / origin of the need; through to usage or consumption is described as:

Options:
A.

Procurement lead time

B.

Seller’s lead time

C.

Maker’s lead time

D.

True / total lead time

E.

User's lead time

CIPS L3M2 Premium Access
Questions 12

The crime of obtaining money through threats or force, is called:

Options:
A.

Fraud

B.

Bribery

C.

Embezzlement

D.

Extortion

Questions 13

In a tender process, if a bidder realises there is a mistake in their bid submission, for most buying organisations, under what circumstances will the buyer allow the bidder to alter their submission, to correct their error?

Options:
A.

Anytime, including after bid receipt closing date, but before bids have been opened.

B.

At no time, never.

C.

Anytime, including after bid receipt closing date, even if bids have been opened.

D.

Anytime, up to bid receipt closing date.

Questions 14

A short definition of quality sometimes used (including in some UK legislation), said originally to come from Joseph Juran, is:

Options:
A.

Fitness for sale

B.

Fitness for purpose

C.

Fitness for consumption

D.

Fitness for shipping

Questions 15

Restricted or limited tendering is also sometimes known as:

Options:
A.

Effective

B.

Elective

C.

Selective

D.

Invective

Questions 16

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

Options:
A.

Suboptical

B.

Subtropical

C.

Subliminal

D.

Suboptimal

Questions 17

It is thought that the cause of a negative variance in the materials budget is the poor negotiation skills of procurement staff. Which of the following (select two) would be a move in the right direc-tion to remedy this situation?

Options:
A.

Replace the Head of Procurement

B.

Use competition to find suppliers with lower prices

C.

Provide effective negotiation training for procurement staff

D.

Increase stockholding of the materials in QUESTION NO: to ensure supply

Questions 18

‘It is important to remember that XXX customer service has a knock-on effect on YYY customer service’. What are the missing two words?

Options:
A.

Competitor, market

B.

Internal, external

C.

Legal, financial

D.

Procurement, marketing

Questions 19

‘A product will not survive commercially unless it satisfies XXXX needs’. Which one of the follow-ing is the most important fit for XXXX?

Options:
A.

Customer

B.

Manufacturer

C.

Sales and marketing

D.

Government agency

Questions 20

The main difference between value engineering and XXXXX XXXXX is that whereas value engineering is applied to new product design at the pre-manufacturing stage, XXXXX XXXXX is applied to established products that are already being manufactured and sold in the market.

Options:
A.

Product analysis

B.

Cost analysis

C.

Value analysis

D.

Price analysis

Exam Code: L3M2
Certification Provider: CIPS
Exam Name: Ethical Procurement and Supply
Last Update: Jul 11, 2025
Questions: 90
PDF + Testing Engine
$164.99
$66
Testing Engine
$124.99
$50
PDF (Q&A)
$104.99
$42