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.
The objective of value engineering has been described as:
A chart of the concept of 'economies of scale' would have two axes. Which two?
Which two of the following would be unlikely to increase value for money for an organisation?
Use of competition is most obviously going to influence which of the following ‘rights’?
The budget for procurement staff costs is 100,000 but only 90,000 has been spent in the period. This has resulted in substantial further work for procurement staff members, sometimes working into the evening or at weekends.
Which one of the following is least likely to be an effective measure of internal customer service?
In the period in question, the budget for staff overtime and bonuses is zero.
The actual expenditure is 2,900.
Is this variance:
The Profex textbook for this subject, states that ‘specifications are said to be ‘the heart of the con-tract’. The book then goes on to state that goods supplied must be ‘fit for…’
The act of secretly and illegally stealing funds which have been placed in the individual’s trust, or money belonging to a person’s employer:
The usefulness of lifetime costing is for decision-making about whether to acquire an asset with an expected:
The letters ‘EOQ’ refer to:
The abbreviation ‘KPI’ stands for:
A common term to describe an approach to settling contractual disagreements:
Key Performance Indicators could be said to be:
A margin within which a specification can vary slightly – the outer limits of what is acceptable to the buyer – can be described as:
‘I’m not really well up on ethics within organisations, especially within procurement. Where can I find some really good quality up-to-date information about ethics?’ Choose one.
The axes on the Mendelow stakeholder management matrix are:
Individuals, units, teams, groups or organisations that have an influence over procurement, or which are affected by procurement operations, can be called:
‘It is important to remember that XXX customer service has a knock-on effect on YYY customer service’. What are the missing two words?
In a manufacturing business, there are two important materials budgets. One is called ‘materials pur-chases budget’ and the other is called ‘materials XXX budget’. What is the missing word?
