Free CIPS L3M3 Exam Questions
Try our Free Demo Practice Tests for Comprehensive L3M3 Exam Preparation
-
CIPS L3M3 Exam Questions
-
Provided By: CIPS
- Exam: Contract Administration (L3M3)
- Certification: Level 3 Advanced Certificate in Procurement and Supply Operations
-
Total Questions: 90
-
Updated On: Sep 25, 2024
-
Rated: 4.9 |
-
Online Users: 180
-
Question 1
-
The expression ‘consideration’ means:
Answer: C
-
The expression ‘consideration’ means:
-
Question 2
-
Conducting individual and group-based (focus groups) in-depth interviews.
Is this quantitative or qualitative data gathering?
Answer: A
-
Conducting individual and group-based (focus groups) in-depth interviews.
-
Question 3
-
Goods or services which must be used together are called:
Answer: A
-
Goods or services which must be used together are called:
-
Question 4
-
A concise structured document showing all risks for a contract / unit / organisation, including details of nature of risk, risk owner, anticipated impact, possible responses, etc
Answer: A
-
A concise structured document showing all risks for a contract / unit / organisation, including details of nature of risk, risk owner, anticipated impact, possible responses, etc
-
Question 5
-
What is the term for a situation where a seller sets a high introductory price for a new product, to attract buyers who have a strong desire to get the product early, and who can afford it? The price then gets gradually reduced over time.
Answer: C
-
What is the term for a situation where a seller sets a high introductory price for a new product, to attract buyers who have a strong desire to get the product early, and who can afford it? The price then gets gradually reduced over time.