CIPS L3M2 Ethical Procurement and Supply Online Training
CIPS L3M2 Online Training
The questions for L3M2 were last updated at Nov 22,2024.
- Exam Code: L3M2
- Exam Name: Ethical Procurement and Supply
- Certification Provider: CIPS
- Latest update: Nov 22,2024
The crime of obtaining money through threats or force, is called:
- A . Fraud
- B . Bribery
- C . Embezzlement
- D . Extortion
The axes on the Mendelow stakeholder management matrix are:
- A . Power and interest
- B . Power and influence
- C . Risk and interest
- D . Risk and reward
The abbreviation ‘SOP’ stands for:
- A . Standard office procedure
- B . Standard operating procedure
- C . System operating perfectly
- D . Standard operations process
A specification which focuses on the outputs of a requirement is called:
- A . Non-conformance
- B . Performance
- C . Conformance
- D . Non-performance
‘Value engineering is a structured approach to increasing the value obtained from a product by of-fering the same level of XXXXX at a lower cost’.
What is XXXXX?
- A . Functionality
- B . Service
- C . Applicability
- D . Practicality
The Pareto Principle, broadly speaking, is also known as (choose two):
- A . ABC Analysis
- B . The Rule of Three
- C . The 80-20 Rule
- D . Value Analysis
Select the two words which explain least well why the procurement of services can be more challenging than the procurement of physical products:
- A . Intangible
- B . Variable
- C . Permeable
- D . Inseparable
- E . Perishable
- F . Unimaginable
Giving or taking a payment of money to induce a person to act in breach of trust and do something they should not do is called:
- A . Embezzlement
- B . Extortion
- C . Fraud
- D . Bribery
A margin within which a specification can vary slightly C the outer limits of what is acceptable to the buyer C can be described as:
- A . Impedances
- B . Balances
- C . Tolerances
- D . Ordinances
A chart of the concept of ‘economies of scale’ would have two axes.
Which two?
- A . Price per unit
- B . Cost per unit
- C . Scale of operations
- D . Economies of operation
Latest L3M2 Dumps Valid Version with 90 Q&As
Latest And Valid Q&A | Instant Download | Once Fail, Full Refund
