Free CIPS L3M4 Exam Questions
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CIPS L3M4 Exam Questions
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Provided By: CIPS
- Exam: Team Dynamics and Change (L3M4)
- Certification: Level 3 Advanced Certificate in Procurement and Supply Operations
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Total Questions: 148
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Updated On: Mar 28, 2025
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Rated: 4.9 |
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Online Users: 296
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Question 1
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You are a procurement manager for a successful electrical component re-seller and distributor. The company
presently carries stock of over fifty thousand different items, some of which may be variances of the same
product, or similar products from different manufacturers. The managing director of the business is looking to
increase the margin on products sold and has asked for your support. It is a competitive industry with a
customer base that will be resistant to a price increase. Which of the following could support this request?
Answer: C
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You are a procurement manager for a successful electrical component re-seller and distributor. The company
presently carries stock of over fifty thousand different items, some of which may be variances of the same
product, or similar products from different manufacturers. The managing director of the business is looking to
increase the margin on products sold and has asked for your support. It is a competitive industry with a
customer base that will be resistant to a price increase. Which of the following could support this request?
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Question 2
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Which of these statements is a correct description of a contract?
Answer: B
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Which of these statements is a correct description of a contract?
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Question 3
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Which of the following would be most suitable for a one-off purchase agreement?
Answer: C
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Which of the following would be most suitable for a one-off purchase agreement?
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Question 4
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In contracts, implied terms play a crucial role in defining the rights and obligations of parties, even when not
expressly stated in the contract. Which of the following are potential examples of implied terms? Select TWO
that apply.
Answer: B,E
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In contracts, implied terms play a crucial role in defining the rights and obligations of parties, even when not
expressly stated in the contract. Which of the following are potential examples of implied terms? Select TWO
that apply.
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Question 5
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Prior to circulating the service specification to a tendering supplier, it is good practice for the purchasing
organisation to request completion of a non-disclosure agreement. Is this statement correct?
Answer: B
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Prior to circulating the service specification to a tendering supplier, it is good practice for the purchasing
organisation to request completion of a non-disclosure agreement. Is this statement correct?