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CIPS L3M2 Exam Questions

Vendor

CIPS

Exam Code

L3M2

Exam Name

Ethical Procurement and Supply

Exam Duration

Total Questions

90

$ 40

PDF VERSION

DEMO QUESTIONS

Q1:

The crime of obtaining money through threats or force, is called:

A: Fraud

B: Bribery

C: Embezzlement

D: Extortion

Correct Answer: D
This is a definition of extortion.

The other terms shown as possible answers are within the syllabus for this course and may be the subject of other questions within this test.

Q2:

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

A: Statute

B: Status

C: Stature

D: Statue

Correct Answer: C
The correct answer is ‘stature’ which is a word used in a heading within the CIPS Code of Conduct.

If you selected ‘status’ you cannot be blamed for selecting a response different to the correct one – the two are extremely closely linked. However as ‘stature’ is used by CIPS, I think I can just about get away with declaring that the correct answer.

Q3:

‘EBI’ stands for:

A: Earnest business interest

B: Early buyer involvement

C: Ethical business interest

D: Eager buyer involvement

Correct Answer: B
Early buyer involvement

Q4:

We can talk about the ‘make, do or XXXX decision’. XXXX represents:

A: Buy

B: Procure

C: Lease

D: Build

Correct Answer: A

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