Free CIPS L2M5 Exam Questions

Become CIPS Certified with updated L2M5 exam questions and correct answers

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Total 126 Questions | Updated On: Sep 02, 2026

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Question 1

The buyer does not need to look at global sources to fully understand their own country’s domestic importation regulations.

A : UE

B : LSE

Answer: B

Question 2

Which of the following is a definition of the economic order quantity – EOQ?

A : rmula that buyers use to calculate the most economically viable quantity in which to order additional stock

B : Formula that buyers use to calculate the most economically viable price in which to order additional stock

C : rmula that buyers use to calculate the most economically viable place in which to order additional stock

D : rmula that buyers use to calculate the most economically viable quantity in which to order additional stock

Answer: A

Question 3

Who devised the INCOTERMS?

A : ternational Chamber of Civil Engineers

B : ternational Chamber of Commerce

C : ternational Cubical of Civil Engineers

D : ternational Cubical of Commerce

Answer: B

Question 4

Which of the following are examples of indirect costs? More than one applies

A : ase hire of the company vehicle

B : ckaging

C : nt of the office

D : ges of salaried staff

Answer: A,C,D