CIPS L3M1 Procurement and Supply Environments Online Training
CIPS L3M1 Online Training
The questions for L3M1 were last updated at Feb 05,2025.
- Exam Code: L3M1
- Exam Name: Procurement and Supply Environments
- Certification Provider: CIPS
- Latest update: Feb 05,2025
Question #31
Which of the following are ways of classifying organisations? (select all that apply)
- A . Activity
- B . Size
- C . Primary objective
- D . Structure and ownership
Question #32
The system by which organisations are directed and controlled, thinking about business ethics and stakeholder responsibility, and where Directors may be held to account, is called:
- A . Corporate Identity
- B . Corporate Social Responsibility
- C . Corporate Manslaughter
- D . Corporate Governance
Question #33
In terms of interest rates, the ‘base rate’ is:
- A . The interest rate set by government or the central bank of a country
- B . The interest rate stated within a contract of supply for late payments
- C . The interest rate payable on a loan for the procurement of a new instrument
- D . The interest rate used to calculate repayments on a credit card
Question #34
Which of the following could be described as an organisation?
- A . A local authority / local government
- B . A self-employed tutor of online education
- C . The University of Phoenix, Arizona
- D . A business such as Ethiopian Airlines
Question #35
The primary objective of a private sector organisation is…
- A . To boost national prestige
- B . To make profit
- C . To provide services
- D . To create jobs
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