Free CIPS L2M3 Exam Questions

Become CIPS Certified with updated L2M3 exam questions and correct answers

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Total 161 Questions | Updated On: Apr 21, 2026

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Question 1

Internal negotiations are as important as those between buyer and supplier.

A : UE

B : LSE

Answer: A

Question 2

There are three main sectors that all business activity fits into, which sector is concerned with manufacturing ‐ converting raw materials into finished products or assemble products? (e.g. converting oil into plastic, or farm crops into food products; building a house or assembling a car)

A : imary sector

B : aternary sector

C : condary sector

D : rtiary sector

Answer: C

Question 3

There are 3 types of partnerships. Which one is not one of the 3?

A : neral partnership

B : Limited liability partnership

C : Limited partnership

D : Unlimited partnership

Answer: D

Question 4

What are the 4 main stages of the product life cycle?

A : Establishment, Enlargement, Wisdom and Comedown

B : troduction, Evolution, Wisdom, Decline

C : Introduction, Growth, Maturity and Decline

D : esentation, Evolution, Experience and Drop

Answer: C

Question 5

Which function within an organisation is involved in strategic and day-to-day matters, and are responsible for ensuring compliance with regulations, including health and safety?

A : rketing

B : erations

C : Collaborates with other departments to ensure they have the correct number of staff with the right skill set Production

D : les

Answer: B

Page: 1 / 33

Total 161 Questions | Updated On: Apr 21, 2026

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