Total 175 Questions |
Updated On: Jun 06, 2025
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Free CIPS L2M1 Exam Questions
Become CIPS Certified with updated L2M1 exam questions and correct answers
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Question 1
Lower price does not always equate to lower cost, e.g. could be lower quality, which could result in higher costs further down the line.
Answer: A
Question 2
What type of purchase would you be making for things that are of value to a business, such as machinery or buildings? They are assets to a business, and their value depreciates over time.
Answer: A
Question 3
What is said to be the control of the flow of goods or services between two points?
Answer: B
Question 4
A contract can be amended if both parties are in agreement, for example, to revise quantities, KPIs, payment terms, length of contract, etc.
Answer: A
Question 5
There are three sectors that all business activity fits into, which sector is concerned with extracts raw materials from the Earth? (e.g. mining coal, drilling oil, extracting metal, farming crops and fishing)
Answer: A
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Total 175 Questions |
Updated On: Jun 06, 2025
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