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CIPS
L3M2 - Free Practice

Free CIPS L3M2 Exam Questions

Become CIPS Certified with updated L3M2 exam questions and correct answers

Page: 1 / 18

Total 90 Questions | Updated On: Mar 11, 2024

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Question 1

Value can be added through XXXX reduction or by making a process more efficient or more effective'

A : Cost

B : Value

C : Profit

D : Cash

Answer: A

Question 2

‘Reputation gained through proficiency, ability or achievement’ (as used in the CIPS Code of Conduct)

A : Statue

B : Status

C : Stature

D : Statute

Answer: C

Question 3

‘EBI’ stands for:

A : Eager buyer involvement

B : Early buyer involvement

C : Earnest business interest

D : Ethical business interest

Answer: B

Question 4

The abbreviation ‘KPI’ stands for:

A : Key performance indicator

B : Key procurement indicator

C : Key personnel insurance

D : Key performance improvement

E : Key performance inducement

Answer: A

Question 5

Restricted or limited tendering is also sometimes known as:

A : Elective

B : Effective

C : Invective

D : Selective

Answer: D

Page: 1 / 18

Total 90 Questions | Updated On: Mar 11, 2024

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