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L3M2 CIPS Ethical Procurement and Supply Free Practice Exam Questions (2025 Updated)

Prepare effectively for your CIPS L3M2 Ethical Procurement and Supply certification with our extensive collection of free, high-quality practice questions. Each question is designed to mirror the actual exam format and objectives, complete with comprehensive answers and detailed explanations. Our materials are regularly updated for 2025, ensuring you have the most current resources to build confidence and succeed on your first attempt.

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Total 90 questions

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

Thinking of Carter’s 10 C’s, the ‘c’ for Commitment refers to:

A.

Delivery

B.

Profit

C.

Quality

D.

Customer

A specification which focuses on the outputs of a requirement is called:

A.

Non-conformance

B.

Performance

C.

Conformance

D.

Non-performance

You work as a buyer for a large international corporation. You are currently involved in managing a high-value tender, and one of the potential bidders offers to take you to a horse-racing event, with all expenses paid. The offer is for you alone; not for colleagues in your organisation. What do you do?

A.

Decline

B.

Accept

‘From an accounting perspective, added value is total XXXXXX minus total costs of all activities’.

Which word is missing?

A.

Costs

B.

Expenditure

C.

Savings

D.

Revenue

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

‘The act of drawing the attention of someone in authority, to an alleged instance of unethical con-duct’, is called:

A.

Whistleblowing

B.

Wetting one's whistle

C.

Whistle stopping

D.

Whistling in the wind

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Total 90 questions
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